The world’s largest cryptocurrency exchange Binance by trading volume has announced a massive giveaway of $100,000 worth of Shiba Inu (SHIB) tokens for new users.
According to Binance, all new users who register on the exchange from March 8, 2022 to March 21, 2022, will participate in the sharing of the $100,000 worth of SHIBs.
The giveaway exercise is divided into two packages, Promotion A and Promotion B.
Shiba Inu Promotion A Offering
For the first promotion package, interested participants are required to register on Binance using a designated referral link within the promotion period, which will see them receive a share of $80,000 worth of Shiba Inu tokens in the form of a welcome gift.
Users in this category will receive a welcome bonus ranging between 100,000 SHIBs to 308,000 SHIBs.
The distribution of the dog-themed cryptocurrency will be allocated based on a first-come-first-served basis, Binance said in the announcement.
Users will not be allowed to withdraw the SHIB immediately after they receive the token, as they will be required to reach a minimum of 50 USDT equivalent in total trading across spot, BLVT, and margin trading pairs.
Promotion B Requirements
Notably, the Promotion B Shiba Inu giveaway exercise will see the exchange distribute $20,000 worth of SHIBs to qualified users who click the “Register Now” button on the activity page.
However, users who choose to take this route will be required to accumulate a total trading volume of $1,000, including both buys and sells of selected SHIB spot trading pairs such as SHIB/USDT, SHIB/DOGE, and SHIB/BUSD.
Doing this will automatically qualify the user for a share of the $20,000 worth of Shiba Inu.
Per the announcement, all interested participants will need to complete the Know-Your-Customer (KYC) verification requirements before they can qualify for the offer.
While rewards for Promotion A will be allocated immediately after fulfilling the necessary requirements, users who opt for Promotion B exercise will receive their rewards within two weeks after the end of the promotion.
Shiba Inu Grows in Popularity
Shiba Inu’s popularity has continued to grow beyond expectations. The cryptocurrency is considered among the top trending tokens on various social media platforms.
Last year, Shiba Inu had a tremendous run that resulted in its widespread adoption globally. This year, the popular dog-themed cryptocurrency, which has proven to be more than a memecoin, has been widely adopted by retail and institutional investors, as well as trading platforms.