In today's news article, our Coinmooner team highlighted a significant event in the cryptocurrency world announced by the largest crypto exchange, Binance. Currently, Binance holds the top position on CoinMarketCap with an astonishing 24-hour trading volume of $8,437,703,870.
Binance is delighting its users by announcing its first airdrop of 2024. As part of this event, a total reward pool of $80,000 is allocated for users actively engaging with the Binance Web3 wallet.
This event is closely associated with the Maverick (MAV) protocol. Within this initiative, users selecting the Binance Web3 wallet gain the ability to perform various tasks, such as on-chain swaps and providing liquidity on the Maverick protocol, ultimately earning MAV tokens. The total prize fund for this event is an impressive $80,000.
The airdrop, named after the Maverick protocol (MAV), marks the 34th project launch from Binance. The scheduled period for the event is from January 16, 2024, 00:00 UTC, to January 29, 2024, 23:59 UTC.
Participation in the giveaway depends on the closing price of the MAV/USDT trading pair on a specific date, and specific tasks must be completed within the specified timeframe. The Binance Web3 wallet not only offers users a place to store cryptocurrencies but also provides convenient tools for swaps, transfers, and the use of decentralized applications (dApps).
To be eligible for rewards from the prize pool, you need to successfully complete a series of tasks involving on-chain swaps and liquidation transactions within the Maverick protocol. Let's take a closer look at the tasks prepared by Binance for users:
1) On-chain Swaps: Users have the opportunity to earn MAV tokens by conducting transactions totaling $30,000. To achieve this, you must complete a transaction of at least $10 between assets such as USDT, USDC, Ethereum (ETH), and BNB on the Maverick platform.
2) Liquidation Transactions: Participants providing a minimum of 10 USDC equivalent liquidity for the USDC-USDT Elevated Position 11 pair through liquidation transactions can earn MAV tokens amounting to $50,000.
To confirm task completion, users must click the "Check Task Status" button on the event page. The maximum reward for eligible participants is set at $30 in MAV tokens for each on-chain swap transaction and $50 in MAV tokens for each liquidity provision transaction.
The overall financial pool includes various contributions, including network and gas fees incurred during the distribution of rewards. This airdrop is a continuation of Binance's initiative launched on December 6, where the exchange allocated $500,000 for participants who successfully passed verification. Reward amounts ranged from 1 SHIB to 1 BTC, requiring participation through a Binance Web3 wallet swap.
The Coinmooner team is enthusiastic about monitoring events in the Web3 industry, providing users with information on lucrative opportunities to grow their capital. Our goal is to keep you informed and help identify potential income sources in this dynamic sector.
Additionally, we strongly recommend our users to stay updated with current information, verify sources regularly, and mitigate potential financial risks. Ensuring the security and regular updating of your cryptocurrency investments is crucial. Reliable protection and portfolio maintenance will help you preserve and strengthen your financial well-being. With Coinmooner, you'll always be informed about key events and ready for the evolving dynamics in the world of cryptocurrencies and Web3.
