Binance announces $100,000 Shiba Inu token give-away to new users

The first promotion, labeled as “Promotion A” on Binance’s website, says that between 8th March, 08:00 AM to 21st March, 11:59 PM (UTC), all new users who register with Binance using their referral link, will receive a share of a total $80,000 worth of Shiba Inu tokens! 

The second promotion, labeled “Promotion B”, involves the completion of tasks to win SHIB vouchers. Users that click the [Register Now] button on the activity page and accumulate a total trading volume of at least 1,000 USDT equivalent across eligible SHIB spot trading pairs will be eligible to share the $20,000 prize pool in SHIB token vouchers. 

According to the website, the reward for Promotion B is calculated as;

The reward for each qualified user = (Each user’s total effective trading volume / All qualified users’ total effective trading volume) * $20,000 in SHIB token vouchers

Terms and conditions

Only users who complete KYC by the conclusion of the activity period and click the [register now] button on this page will be eligible for any prizes. SHIB/USDT, SHIB/BUSD, and SHIB/DOGE are all eligible Shiba Inu (SHIB) spot trading pairs. The SHIB/USD exchange rate used by Binance for prize distribution is 0.00002591050344. 

Upon qualifying registration, the Welcome Bonus under Promotion A will be instantly distributed. 

Only the tokens received via Promotion A can be traded. After obtaining the welcome bonus, the tokens cannot be withdrawn from their account until they reach a total trading volume of 50 USDT equivalent across all spot, margin, and BLVT trading pairs.

Promo B rewards will be awarded within two weeks of the completion of the promotion.