Major cryptocurrency exchange Binance said on Tuesday it would distribute $100,000 worth of Shiba Inu (CRYPTO: SHIB) 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.

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.

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.

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