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Altcoin News

Binance Gives Away 200,000,000 BitTorrent Tokens (BTT)

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Binance has announced a fantastic giveaway to their supporters, promising a total of 200,000,000 BTT in prizes to give away to users worldwide!

This is, the company said in a press release, is to celebrate the successful launch of BTT on Binance Launchpad.


The process has various subsections and ways to divide the loot:

BTT Trading Competition

Trading Competition: 100,000,000 BTT to win! The top 100 traders will share a pool of 100,000,000 BTT based on the proportion of their own BTT trading volume against the total trading volume of the top 100 traders during the competition period. This includes buys and sells across any BTT trading pairs.

BTT Net Deposits

Net Deposits: All Binancians with net deposits (deposits minus withdrawals) of over 1,500,000 BTT made during the activity period will split a pool of 50,000,000 BTT.

BTT Lucky Draw

Lucky Draw: 50 Winners to be drawn, each receiving 1,000,000 BTT! 50 lucky Binancians will have a chance to each walk away with 1,000,000 BTT. To be eligible for the lucky draw, traders will need to trade at least 5,000,000 BTT on Binance during the competition period (including buys and sells) in any BTT trading pairs.

To ensure fairness and transparency of the draw, they will broadcast the lucky draw live on multiple social media platforms. The livestream time will be announced at a later date.

The rewards for the trading competition will be worked out as follows:

Rewards for each user in the top 100 = (Each user’s total trading volume/Top 100 users’ total trading volume) × 100,000,000 BTT

Great Week For Binance

This has topped of a great week for Binance. The company, according to Chain News, has recently had impressive feedback from a potential investor, Multicoin Capital who released an in-depth research report on the night of February 19th, Beijing time to see the short-term and long-term development prospects of Binance.

The report found that Binance is the fastest-growing cryptocurrency exchange in the past 18 months. With the company also impressed with its current results as BNB prices rose nearly 10% to $10.58. Multicoin also believes that BNB has the best platform currency model that is currently available. This platform coin has been carefully designed, and the increasing use of the transaction will increase the price of the token.

Following this information, no wonder Binance is looking to celebrate. Keep your fingers crossed that you get to celebrate with them after this great giveaway.

Jason Lee is a writer for various crypto publications and manages a small team on Medium. His love of technology and inquisitive nature set him up with crypto back in early 2016 and he hasn’t looked back since. In his spare time, Jason enjoys rock climbing and wakeboarding.

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