Binance announced that it opened up a new giveaway where $50K In doge and a Tesla are some of the rewards after it opened up its withdrawals for DOGE, weeks after limiting the capability due to the latest update of DOGE. The reinstatement was a huge relief for users that we’re unable to withdraw their DOGE and following this news, Changpeng Zhao announced a new giveaway so let’s read more about it in today’s Binance news.
The signup process for participating in the giveaway is quite simple according to the announcement by Changpeng Zhao. He said that to become eligible, all users would have to do is retweet the announcement of the giveaway, follow his account, Elon Musk’s account, and the official Binance Twitter account. The users would also need to tweet the prize that they want to get and why they should it in an explanation using specified hashtags.
I'm giving away a DOGE Tesla & $50,000 in $DOGE. Which do you want?
Our favorite answer from each 'team' will win. pic.twitter.com/A2VLB6fh4a
— CZ 🔶 Binance (@cz_binance) November 29, 2021
The CEO announced that the users have a chance of winning $50K in DOGE or a new Tesla. Each of the prizes will go to lucky winners that will be picked based on their tweets and hashtags. The tweet included a 13-second video illustrating the things that will be won in the contest which started on September 29th and will run until December 13th. On that day, the winners of both categories will be picked and awarded with their prizes. The winner of the car will get a Tesla Model 3 with an option to get the BNB value equivalent of the card.
The Tweets vying to win the contest already started to hover around the platform. The Twitter users were using the hashtags to reveal what they will do if they win the prices. They range from holding to purchasing real estate to pay for various things and now users have one chance to enter the contest. Dogecoin has been seeing some upside on the market but it was not large enough to make a huge difference. The asset price trended low around $0.2 point with more than 60% less than its all-time high. The hype around the meme coins didn’t die down but it seems that people are forgetting about the original meme coin.
Despite this downtrend, the meme coin continued to dominate social media and google search trends and made the top of the list for most searched crypto assets across 30 US states in November.
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