To obtain the rewards, users must open operations in a pair of BTC and stablecoin.
It is required to link the Moonbix game account to the Binance account to participate.
Binance, the exchange largest cryptocurrency company in the world, announced today, November 1, 2024, a new activity in collaboration with its already well-known Telegram game, Moonbix. This activity will distribute 100,000 USDC in the form of a subsidy among eligible users.
The campaign proposed by Binance appears to be a promotion aimed at incentivizing Moonbix users who have not yet traded on Binance, giving them initial support in case they make a loss on their first purchase of Bitcoin (BTC).
If a Moonbix user executes their first BTC trade and experiences losses on that BTC purchase, they may receive a subsidy of up to 15 USDC in the form of coupons or vouchers of tokensas compensation or incentive.
How to access Binance subsidies?
To access USDC, the exchange established four requirements. First of all, users must link your Moonbix accounts to the exchange.
Those who already participated in other activities with play and exchangethey can associate their account again to participate, the statement clarifies. Next, it will be necessary register at the event site.
The promotion is specifically aimed at Moonbix users who have not yet made any operations on the platform before the start of this activity with BTC. That is, Moonbix users who have already traded BTC will not be considered.
As for the “missions” that must be carried out, only those who carry out their first operation of trading in any pair of BTC with any stablecoinsuch as USDT or USDC, during the promotion period (from November 1 to November 30, 2024) will be “eligible”.
Trades must be opened on Binance Spot or Binance Convert.
Binance will distribute the USDC in the form of coupons or vouchers of tokens, with a limit of 15 USDC per user and on a first-come, first-served basis until the fund of 100,000 USDC is exhausted.
The coupons of tokens from Binance are “rewards” that users can receive and redeem for free cryptocurrency in their Spot wallet. These vouchers They can be used, transferred, sold or withdrawn without restriction.
So, as a fourth requirement, the exchange explained that these remunerations are a subsidy for participants who are at a loss in their BTC purchase at the end of the campaign, as compensation or incentive.
“If the closing price of the BTC/USDT spot trading pair at the end of the Promotion Period is lower than that of a qualified participant’s first BTC purchase, the user will be deemed to have made a loss. The user’s losses on this first BTC purchase will be calculated using the closing price of the BTC/USDT spot trading pair at the end of the Promotion Period.”
Binance, cryptocurrency exchange.
Thus, it could be interpreted that this new Binance event linked to its Telegram mini game would be a way to encourage new users to experience the trading of bitcoin, protecting them against possible losses.
What is Moonbix, Binance’s Telegram game?
Currently, Moonbix has almost 20 million active users and almost 6 million subscribers on the game’s Telegram channel (many of these 6 million are probably among the 20 million active).
In Moonbix, players, aboard a spaceship, must use a mechanical claw to grab yellow stones and gift boxes before the 45-second timer runs out in each match.
Every time they successfully catch a yellow stone or gift box, they get points. Thus, it is possible to climb the general Moonbix standings.
However, those points They cannot yet be exchanged for tokens or digital assetsbut Binance issues events linked to cryptocurrencies with special in-game tasks. Additionally, the Binance game also does not have a native cryptocurrency.
This game, based on the BNB Chain, was released on September 19, 2024, although in some regions it had early access two days before.
On October 7, 2024, CriptoNoticias reported the first activity linked to Moonbix by Binance, in which it distributed $200,000 in rewards for mining tasks. trading.
With Moonbix, Binance is diving into the mini-game boom from telegramand encouraging them to participate using their windows of trading.
