Binance to give away $100,000 in SHIB to New Users

The world’s largest centralized exchange, Binance is launching a new reward program for new users. Binance is set to give away $100,000 in SHIB as a welcome bonus reward for new users. The SHIB rewards will be handed out to new subscribers on a first-come-first-served basis. 

According to Binance, using a special referral link qualifies a new user to a welcome bonus of anywhere between 100,000 SHIB ($2.59) and 308,000 SHIB ($7.98) [as at the time of typing].

The crypto exchange further announced a second promotional scheme in which traders who accumulate a trading volume of at least $1,000 on eligible SHIB trading pairs get to qualify for a share of $20,000 in SHIB token vouchers.

 RELATED: Binance CEO rules out the idea of purchasing Chelsea

Although the price of SHIB is not currently soaring as we saw it hit record highs in October, but the memecoin and its community remains popular. SHIBA INU, which is currently the 15th largest cryptocurrency by market capitalization, backed by its massive memecoin community might still be set for new highs in the coming future.

In February, SHIBA INU made an announcement that conveyed its plans to launch its metaverse offering to the public. According to the announcement, users will be allowed to buy virtual plots of land within the SHIB ecosystem and premium rewards will be available for those who hold the LEASH token.

Following the news, SHIB prices surged by 13% within 24 hours, rallying a 60% gain on the weekly timeframe. LEASH – popularly referred to as “DOGE KILLER” – also racked up massive gains for holders in the SHIB ecosystem.de

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