With the clock ticking for Bitcoin Halving 2020, there seems to be a lot of hustle and bustle in the crypto community. While some are announcing giveaways, some are waiting to see what changes would come into Bitcoin’s price after the halving.
Binance today announced the launch of a bounty program that includes tasks for its users that are supposed to be completed while the ongoing activity period.Binance today announced the launch of a bounty program that includes tasks for its users that are supposed to be completed while the ongoing activity period. The Bitcoin block rewards are halving from 12.5 BTC to 6.25 BTC. The activity period will start from May 11, 2020, at 4 am and shall continue till 4 am on May 18, 2020.
— Binance (@binance) May 11, 2020
The users will have to purchase any amount crypto with the use of any Binance and crypto options through the P2P or fiat-to-crypto platform. The users will further have to trade 500 or more USD which should be equivalent to BTC spot trading pairs.
The next task would be to refer a friend and ask them to make a Binance Futures account. While the activity period goes on, the users will have to trade 1,000 USDT or more as per the Binance Futures BTC/USDT perpetual futures contract.
Completion of any two tasks out of four will split the prize of 2.5 BTC equally. If the user completes any 3 tasks out of four, the reward 4 BTC will be divided equally. On completing 4 tasks, the winner’s reward of 6 BTC is split into equal portions.
Those who do not have a Binance account or a Binance Futures account, they can sign up for a new account at a 10% discount.
Besides Binance, a lot of crypto firms have been announcing special giveaways as the time for Bitcoin Halving approaches. Recently, Crypto.com also announced a similar giveaway wherein they were giving away $100K in BTC.
Presenting https://t.co/vCNztABJoG Halving Special, with 50% off on $BTC on 12 May on https://t.co/vCNztABJoG Exchange-$1M allocation- No CRO staking required🔥Sign up now! https://t.co/bq8A5wmHlw
We're also giving away $100K in #BTC. Follow & RT for a chance to receive $250. pic.twitter.com/6VoovyfDce
— Crypto.com (@cryptocom) April 30, 2020
Users can participate in the giveaway from their twitter and crypto.com accounts. To participate in the giveaway, the users don’t have to necessarily make a purchase on the crypto.com platform.