Binance Learn And Earn Giving Away 45k SHIB With 100% APY. As Binance is launching a mega promotion to award new users.
Binance, the largest crypto exchange in the world, is almost always in the news for one thing or another. This time, the exchange has announced a promotion to award new users with SHIB tokens. The exchange seems to have figured that promotions are the gate-way to a bigger customer base.
The exchange announced the news in a tweet that is bound to attract a lot of attention from the crypto community – especially the lovers of SHIB. It also posted the same on its website. SHIB has become a popular memecoin of late.
#Binance Learn & Stake: Receive free crypto & enjoy up to 100% APY in $SHIB Locked Staking by completing a course & quiz!
➡️ https://t.co/GKc5ANeV5n pic.twitter.com/beOUaLzNoP
— Binance (@binance) June 8, 2022
How To Earn SHIB
According to the guidelines given, users can earn SHIB rewards by learning about the various aspects of the crypto and blockchain industry. The drive to educate people about the industry is handled by Binance Learn and Earn, a branch or department of the Binance exchange.
Binance has posted numerous articles and video tutorials about crypto and blockchain technology, and users can go through them to learn.
Binance pledged to award users for each learning stage or course they complete to encourage users to embrace the learning process. This time around, the exchange has set aside 45,000 SHIB tokens to be awarded to these learners. Besides learning and answering a few questions, users will be required to complete a KYC (Know Your Customer) process to be fully eligible to earn the rewards.
Rewards are limited and are available on a first-come, first-served basis. Users can only claim the reward for each course after completing the quiz.
There will be caps imposed on the number of rewards available to eligible users per country.
150-Day Staking With 100% APY
After the rewards are distributed to the eligible and earning users, the SHIB tokens will be locked in a staking pool for 150 days. Staking attracts staking rewards, meaning that users will be in a position to grow their allocated rewards into a higher number of tokens.
In this case, Binance will offer a 100% APY (Annual Percentage Yield) on the locked tokens. After the 150 days are over, the earners will receive close to 1.5 times the amount of SHIB tokens initially staked.
Note: Promotion Not For Everyone
However, it’s worth noting that the promotion is only accessible to new Binance users. According to the guidelines given, only those who open Binance accounts from 9th June 2020 onwards will be eligible.