As the crypto market proceeds with its stellar recovery, Binance recently rolled out an exclusive airdrop campaign with a $500,000 reward pool comprising several cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and Shiba Inu (SHIB).
Dubbed the Binance Web3 Wallet’s $500,000 airdrop, the world’s largest blockchain ecosystem and leading crypto exchange seeks to bolster usage of its Web3 Wallet.
According to the announcement, users who make at least one swap in Binance Web3 Wallet between December 5, 2023 and December 31, 2023 (23:59 UTC) will be qualified to join a contest and share from the massive rewards pool.
Equivalent to $500,000, the airdrop reward pool comprises 19 cryptocurrencies, including BTC, ETH, BNB, FDUSD, GMX, CYBER, KAVA, DAI, MAV, WOO, RDNT, SEI, DODO, CHZ, ACA, QUICK, ACH and GALA.
Accordingly, Binance, Acala, Alchemy Pay, Chilliz, CyberConnect, Dodo, Gala Games, GMX, Kava EVM, Lido, Maverick, QuickSwap, Radiant Capital, SEI, and WooFi constitute the contributors of the rewards available in this exclusive airdrop.
Notably, one million users will be airdropped a maximum of one reward each in their Binance Web3 Wallets. According to the Tuesday update, winners will be sorted from the most matching to the least matching Binance UID.
348M SHIB available in Binance airdrop
In addition to the highlighted assets, 348,934,301 Shiba Inu tokens are also up for grabs in the Binance airdrop campaign. In particular, the $500,000 rewards pool breakdown shows that 100,000 participants will be airdropped 2,500 SHIB, 150,000 will be airdropped 500 SHIB and 239,343 will be airdropped 100 SHIB.
The announcement further showed the eligible user whose Binance UID has the least matching digits with the BNB Beacon Chain Hash Value on December 31, 2023, 23:59 (UTC) will get 1 SHIB reward. On the other hand, the eligible user whose Binance UID has the most matching digits with the stated hash value at the end of the activity period will receive a whopping 1 BTC reward.
At press time, Bitcoin is trading above $44,000 up over 14% in the past seven days. Likewise, SHIB has recorded a price surge of 23.5% in the past 7 days, changing hands at 0.00001038 at the time of writing.
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