Binance Pay announces March promotions that offer up to 5,070 ACH tokens in rewards and up to 50% discounts for users who spend on their platform.
Binance, the world’s largest cryptocurrency exchange by trading volume, has just announced a series of promotions for the month of March aimed at encouraging users to use Binance Pay, their proprietary payment technology. The promotions include opportunities to earn up to 5,070 Alchemy Pay (ACH) in token vouchers and get up to 50% off purchases made through Binance Pay.
The promotional event runs from March 11, 2024 at 00:00 UTC to March 31, 2024 at 23:59 UTC. This initiative is part of Binance’s ongoing efforts to expand the use of cryptocurrencies in daily transactions and deliver more value to their user base.
Promotional breakdown
Early Bird Rewards: Binance Pay is offering an Early Bird Reward of a 70 ACH token voucher to the first 8,970 eligible users who complete a purchase of at least $10 from a Binance Pay merchant during the promotional period, using cryptocurrency through Binance Pay.
Top Spender Rewards: Additionally, the top 20 users based on total purchase volume using ACH through Binance Pay at eligible merchants have a chance to earn up to ACH 5,000 in token vouchers. The rewards are distributed based on the user’s purchasing rank, with first place receiving 5,000 ACH, second place receiving 4,000 ACH, and so on.
Hot Deals Discounts: In addition to these rewards, Binance Pay also offers discounts of up to 50% on a variety of items such as gift cards and gaming top-ups through the Hot Deals promotion on the Binance Marketplace with select partner merchants including Bamboo, Byte Topup, CryptoMate, Tokenstore and Uquid.
To qualify for these promotions, users must be verified and successfully register for a Binance Pay account. They must also have the latest version of the Binance app for iOS (v2.47.0) or Android (v2.47.0) or later.
Potential consequences and user benefits
This strategic move by Binance is expected to significantly increase the use of Binance Pay as a payment method and potentially drive adoption of the ACH token. By rewarding users for participating in the crypto ecosystem, Binance effectively contributes to the overall growth and stability of the cryptocurrency market.
For users, these promotions provide an excellent opportunity to not only use their cryptocurrencies in a practical way, but also earn additional rewards in the process. The convenience of Binance Pay combined with the potential savings and revenue from these promotions could attract a new wave of users to the platform and to the concept of crypto payments in general.
Conditions
Binance has outlined several terms and conditions for the promotions. Distribution of the rewards will take place within 30 days of the end of the promotional period, and users can redeem their vouchers via the Rewards Hub. Importantly, Binance has emphasized that this promotion is subject to change and they reserve the right to amend the terms or cancel the promotion at their sole discretion.
Conclusion and risk warning
While the promotions are a testament to Binance’s commitment to improving user experience and promoting the use of digital assets, it is critical for users to remember that digital asset prices can be volatile. Binance reminds users that they are responsible for their investment decisions and the potential risks associated with them.
The promotions are not only a testament to the utility of cryptocurrencies, but also represent Binance’s continued commitment to providing value to its users and to the broader crypto space.
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