By Solomon Odunayo
The new decade that started on 1st January 2020 marked the 11th year of the emergence of the first and largest cryptocurrency, Bitcoin (BTC).
So, as a means to celebrate the birth and the successes accumulated by Bitcoin over the years, Binance, the arguably largest crypto exchange by trading volume has opened its users to a unique opportunity to be put in a lucky draw that would enable them to buy BTC at a 50% discount.
According to the update provided by the crypto exchange, the activities prior to the lucky draw had begun on 3rd January 2020 at 00:00 AM (UTC) and it’s scheduled to end on 8th January 2020 at 00:00 AM (UTC).
Binance Users’ Eligibility and Rules for the Lucky Draw
As reported, not all users of the Binance exchange are eligible for the lucky draw. Users that trade at least 1 BTC in any trading pair on the exchange during the period stipulated for the event will be eligible for the lucky draw automatically.
Going by the report, the users’ 8-digit referral ID will be used by the exchange as their lucky draw number. Any user who successfully shared the activity link on Twitter with #BitcoinTurns11 during the activity period will as well receive a number for the lucky draw. The users’ referral ID plus S (e.g. 10000001S) will be used by Binance as their lucky draw number.
As Binance’s determination to fairly satisfy all its users, it has been preplanned to broadcast the lucky draw live on social media in order to properly carry all users and well-wishers along. As reported, the live broadcast of the lucky draw will be conducted within 5 working days after the end of the activity.
The exchange will then chose 11 lucky numbers from the several qualified numbers. The randomly chosen users will be rewarded with a purchase allocation of 1 BTC. This implies that the winners will possess the ability to use ½ BTC equivalent in BNB to buy 1 BTC.
As soon as the lucky draw ends, the 0.5 BTC equivalent in BNB will be automatically deducted from each of the Binance accounts of all the lucky winners in the interval of 24 hours. Any of the winners with less than the amount allocated for deduction will lose his/her reward.