Robinhood and dogecoin started giving away DOGE, BTC, and ETH in what could be the biggest promotion of its kind so let’s find out more in our latest Dogecoin news today.
Spending $5 at Burger King will guarantee you a DOGE until November 21. there are also 20 Bitcoin and 200 Ethereum up for grabs and this could easily be one of the biggest crypto promotions of its kind with fast-food giant taking part. For anyone that will spend $5 at their stores, they could become eligible to get a DOGE, BTC, or an ETH. Robinhood as the stock and crypto trading app with younger investors will deliver the prizes and those that want to enter will have to join Burger King’s rewards program known as Royal Perks and redeem an email code that they will receive after making a purchase.
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Earning DOGE might not be the life-changer they hope for as SHIB is now trading for around 30 cents. However, winning a BTC or ETH that is worth $60K or $4200 could be a life-changing event for a customer. Burger King is giving away a total of 20 bitcoins and the rules peg the odds of winning one at 1 in 100,000 so in the case of ETH there are 200 tokens up for grabs with a 1 in 10,000 chance of getting one. While this is hardly the first crypto-based promotion, Coinbase conducted a $1.2 million DOGE sweepstake last summer so, with the Burger King involvement, it is likely to become the biggest one of its kind.
According to Robinhood COO Christine Brown, Robinhood, and dogecoin partnered with Burger King because the fast giant’s brand is fun and playful and just like the trading app, it leans into the meme culture. In an interview, Brown added that Robinhood is seeing the promotion as an opportunity to get a bigger segment of the people to get interacting with crypto including those that might otherwise be unfamiliar with it. Since the crypto giveaway counts as a sweepstake, the companies are obligated to allow people to enter without making a purchase, unlike Coinbase that got stuck in a class-action lawsuit from those that said it failed to disclose the non-purchase option.
Those that went to enter the promotion without buying anything can do so by sending an old-time snail mail entry and the contest will be open for anyone above 18 anywhere in the US except Arkansas, Nevada, or Hawaii.
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