Binance, the world's leading cryptocurrency exchange, has introduced a new educational initiative called "Word of the Day" (WOTD). This engaging activity aims to enhance users' crypto vocabulary while keeping them updated on market trends.
How to Participate in WOTD?
The WOTD game runs from May 20–26, 2024, offering participants a chance to share a 500,000 Binance Points pool. These points can be redeemed for exclusive rewards.
Step-by-Step Guide:
- Log in to your Binance account.
- Complete the first daily game.
- Click "Get New WOTD" to unlock the second game by sharing an article on social media.
- Earn rewards by correctly answering ≥5 questions during the event.
👉 Boost your crypto knowledge with WOTD
Bonus Offers:
- New users using referral code "WOTD2024" get a 10% discount on spot trading fees.
- Additional welcome rewards available within 14 days of registration.
What Are Binance Points?
Binance Points are part of the exchange’s loyalty program, redeemable for rewards like:
- Vouchers (up to 10 USDT).
- Trading fee rebates (up to 50 USDT).
⚠️ Note: Unused points expire by the end of the following year.
BNB Price Analysis
Following the announcement, BNB surged 1.24% within an hour, briefly surpassing $580. However:
- Current price: $576.9 (↓0.45%).
- Market cap: $84.98B.
- Weekly drop: >3%, testing key support levels.
Key Observations:
- Monthly growth remains under 3%, indicating weak momentum.
- Trading volume rose 5.82% to $1.4B.
FAQs
1. Can I participate in WOTD without a Binance account?
No, you need a verified Binance account to join.
2. How are Binance Points calculated?
Points are awarded based on activity completion and expire annually if unused.
3. Is the WOTD game available globally?
Availability varies by region; check Binance’s terms for eligibility.
4. What caused BNB’s recent price drop?
Market volatility and profit-taking likely contributed to the decline.
5. How do I redeem Binance Points?
Visit the Rewards Shop within your account dashboard.
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Final Notes:
- Binance may disqualify users for dishonest practices (e.g., market manipulation).
- Terms are subject to change without notice.
Stay informed and leverage educational tools like WOTD to navigate the crypto space effectively!
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