This Crypto Exchange Is Giving Away $100,000 Of Shiba Inu To New Users

Major cryptocurrency exchange Binance said on Tuesday it would distribute $100,000 worth of Shiba Inu SHIB/USD tokens to new users as part of a new promotional strategy.

What Happened: Binance said it will extend a “limited-time welcome offer” to new users who would have the chance to claim and earn SHIB tokens on a first-come-first-serve basis.

The cryptocurrency exchange is running two promotions with SHIB, one of which will require users to sign up with a referral link between certain times on March 21 for a welcome bonus and a guaranteed share of $80,000 of SHIB tokens.

The other will require users to accumulate a total trading volume of $1,000 across SHIB spot trading pairs including Tether USDT/USD (SHIB/USDT), Binance U.S. Dollar BUSD/USD (SHIB/BUSD), and Dogecoin DOGE/USD (SHIB/DOGE).

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See Also: Shiba Inu Gets Listed On London-Based Wirex

The qualified users would then be placed in a prize pool with $20,000 worth of SHIB tokens that will be distributed based on their corresponding level of trading activity.

Shiba Inu’s persisting popularity has seen the meme-coin listed on several major crypto exchanges including Coinbase Global Inc. COIN. The last year has also seen many leading retailers such as Newegg Commerce Inc. NEGG and Nordstrom Inc. JWM accept SHIB as a means of payment.

Price Action: At press time, SHIB was trading at $0.00002413, gaining 3.9% in the last 24 hours. The meme-coin is down 72% from its all-time high of $0.00008616.

Photo by Ferhat Deniz Fors on Unsplash