Binance Announces Mystery Airdrop With Exciting Rewards

Published: Dec 5, 2023
Written By:
Vignesh Karunanidhi
Milk Road Writer

Binance has launched a surprise crypto airdrop tied to its Web3 wallet usage before the new year. Traders completing a single wallet swap enter drawings for prizes ranging from 1 Shiba Inu to 1 BTC.

The largest cryptocurrency exchange announced the airdrop campaign via X on Tuesday. Binance will airdrop $500,000 in Bitcoin and altcoins to people using its Web3 Wallet.

Key Details:

  • Prize pool contains Bitcoin, SHIB, and other cryptos worth $500K
  • Users need to do a single swap on the Web3 wallet by December 31st, before 23:59 (UTC), to qualify.
  • Follows earlier teaser tweets hinting at an upcoming airdrop

The company didn’t provide many details except for the New Year’s Eve deadline. Users can win a full bitcoin, depending on the airdrop’s terms and conditions. 

Read more: City Of Lugano Now Accepts Bitcoin And Tether For Tax Payments

Binance teased the airdrop earlier

Binance first stoked anticipation for the crypto airdrop on December 3rd by tweeting a smartphone swap and airdrop emoji. Intriguingly, the tweet included the word “soon,” leaving the community in suspense and speculating about a potential major announcement.

The airdrop promo aims to drive the adoption of Binance’s non-custodial wallet, allowing asset control using private keys. The exchange announced the giveaway, which was one of the first ones, following a hectic month of November. In addition, the exchange also launched the Web3 wallet on November 8, pushing self-custody.

Read more: Coinbase NFT And OpenSea Address Web3 Vulnerability Alert From Thirdweb

November witnessed a drastic change for Binance, as the exchange was asked to pay $4.3 billion for a legal settlement. To everyone’s surprise, the exchange’s founder and CEO, Changpeng Zhao, also stepped down. Following his departure, Richard Teng took over the throne as CEO.

In one of the most recent announcements, the exchange also announced zero-fee trading for six FDUSD spot and margin trading pairs. These include BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD.

Vignesh Karunanidhi

Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 6 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.

Vignesh Karunanidhi
Milk Road Writer
Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 6 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.