Ahead of Ethereum’s major Dencun upgrade, Binance has launched a trading promotion offering $60,000 in rewards to users who trade ETH and other ecosystem tokens.
Binance announced a promotion offering $60,000 in rewards for trading Ethereum and related tokens ahead of a major Dencun network upgrade. The promotion runs from March 1 to March 13 and consists of two components: One focuses on spot trading in the Ethereum ecosystem and the other focuses on trading specific low-value assets.
For the first promotion, users who trade at least $3,500 worth of volume on select Ethereum-based pairs will be eligible to share a pool of 20,000 FDUSD as token vouchers. The top 1,000 traders by trading volume will receive rewards, with the top trader receiving 2,000 FDUSD. Those pairs include ARB/USDT, COTI/USDT, ETH/USDT, IMX/USDT, LRC/USDT, MANTA/USDT, MATIC/USDT, OP/USDT, and STRK/USDT.
The second promotion offers a $5 voucher for any COTI, FIS, NEAR or QI transaction, up to a $20 gift for all four transactions. To qualify, users must trade $100 of each token. However, those who already held assets before March 1 are excluded.
Binance is running this promotion to drive interest and trading activity for the upcoming Ethereum Dencun hard fork upgrade. Dencun implements major improvements such as lower gas fees and improved scalability. This promotion encourages users to gain exposure to Ethereum and related projects ahead of major network upgrades.
Major exchanges like Binance frequently run promotions related to important cryptocurrency events. We aim to drive more user activity by offering trading rewards and bonuses. With the Ethereum merger last year and the current Dencun upgrade, Binance is capitalizing on the increased interest.
The exchange outlined the details and conditions of eligibility in its announcement. Both new and existing Binance users can participate, and rewards will be paid out within 21 days after the promotion ends. Vouchers will expire two weeks after distribution if not claimed on time.
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