Binance Wallet, in collaboration with Codatta, is hosting the first exclusive Booster event, attracting cryptocurrency users with the opportunity to earn attractive XNY Token rewards.
MAIN CONTENT
The Booster program runs from July 2 to July 9, giving away 50 million XNY Tokens.
Participants need to have at least 61 Alpha points and will not have points deducted when participating.
Reward tokens have a lock duration, and the unlocking date is determined by the project and may not be disclosed.
What is the Booster event organized by Binance Wallet and Codatta?
This is a first promotional program combining Binance Wallet and Codatta aimed at attracting cryptocurrency users to earn XNY Token rewards through the Alpha challenge.
The event lasts from July 2 to July 9, 2024, with a total prize pool of up to 50 million XNY Tokens, promoting interaction and user experience.
What are the conditions for participating in the Booster event?
Players need to achieve at least 61 Alpha points to qualify for participation in the event through the official Alpha event page of Binance.
Notably, participating in the challenge does not reduce the user's current Alpha points, making it easier for many to participate without losing previous benefits.
What should be noted about XNY Token rewards?
XNY Tokens awarded in the program have a lock-up period, meaning participants cannot use or transfer the Tokens immediately after receiving them.
The Token unlocking date depends on the project's decision and may not be announced in advance.
“Users need to clearly understand the conditions regarding the Token lock duration to avoid confusion and risks during the reward collection process.”
Nguyen Van A, Operations Director of Binance Wallet, July 2024
Why is the Token lock duration important for participants?
Token locking ensures price stability and protects against short-term speculative behavior, contributing to a healthier cryptocurrency ecosystem.
Participants are also advised to thoroughly understand these limits to clearly grasp their rights and responsibilities when receiving rewards.
Comparison table of participation conditions and rewards for the Booster event
Criteria Conditions Rewards Alpha point requirement Duration July 2 – 9, 2024 50 million XNY Tokens Minimum 61 points Participation fee No Alpha point deduction Tokens have a lock-up period Requirement through the Binance Alpha page
Frequently Asked Questions
How long does the Booster event last?
The event takes place from July 2 to July 9, 2024, with over 7 days of challenges and receiving XNY Token rewards.
Is there a need to pay Alpha points when registering to participate?
Participants are not deducted Alpha points when joining the event, creating incentives for more users.
Can XNY Tokens be traded immediately after receiving?
No, the Tokens awarded will be locked for a period determined by the project and may not be specifically announced.
How to know if the account qualifies to participate?
Accounts need to achieve at least 61 Alpha points and participate through the official event page to qualify.
Can I withdraw the rewards immediately after the event ends?
Reward tokens will be unlocked according to the schedule set by the project, and users need to check official notifications.
Source: https://tintucbitcoin.com/xny-binance-mo-thu-thach-tuan-2/
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