The $400,000 prize pool is open, but this is not something ordinary people play.
Binance $BNB has thrown in a huge prize pool again.
On the surface, it looks like 'invite friends to share the equivalent of $400,000 in WAL'.
But if you really take this as an ordinary referral activity, then you're likely mistaken.
Because this time you can't just invite one or two friends to easily grab the rewards.
The core gameplay of Activity One is to rank based on the 'number of qualified new trading users successfully invited'. And to rank in the top few, the thresholds are extraordinarily high: the 1st place requires at least 500 qualified new trading users, and the reward is $22,500 equivalent in WAL; 2nd place requires 400 people, and 3rd place requires 300 people. This is not a benefit for ordinary users; this is a battlefield for KOLs, team leaders, and influential players.
What's even tougher is that the so-called 'qualified new users' are not counted just by registering.
New users must register through your referral link, and also must complete a total deposit of $20, along with a total trading volume of $50; both conditions must be met to count as one valid user. In other words, you are not competing on who has more friends, but on who can truly bring people into the Binance process.
As for new users, it seems there are also rewards:
Deposit $20, and you can receive $1,000 equivalent in $WAL cryptocurrency experience funds, with an APR of 20%; then complete a transaction of $50 to receive a WAL token voucher worth $2 to $5. But don't be fooled by the term '1,000 dollars'; the announcement states clearly: the $1,000 face value is not directly given to you, the principal will not be credited to the spot account, and what you really receive is just the 7-day APR earnings. Moreover, both new user rewards are limited to the first 30,000 people, on a first-come, first-served basis.
In summary by a crypto expert:
This is not a money giveaway event; this is Binance screening who has traffic, who has conversion, and who can really bring new users into the market.
If you're just an ordinary retail investor, you can watch this event, but don't fantasize about flipping your situation by just inviting one or two people.
Those who really know how to play are not focusing on the prize pool, but on the ability to monetize traffic.
Binance $BNB has thrown in a huge prize pool again.
On the surface, it looks like 'invite friends to share the equivalent of $400,000 in WAL'.
But if you really take this as an ordinary referral activity, then you're likely mistaken.
Because this time you can't just invite one or two friends to easily grab the rewards.
The core gameplay of Activity One is to rank based on the 'number of qualified new trading users successfully invited'. And to rank in the top few, the thresholds are extraordinarily high: the 1st place requires at least 500 qualified new trading users, and the reward is $22,500 equivalent in WAL; 2nd place requires 400 people, and 3rd place requires 300 people. This is not a benefit for ordinary users; this is a battlefield for KOLs, team leaders, and influential players.
What's even tougher is that the so-called 'qualified new users' are not counted just by registering.
New users must register through your referral link, and also must complete a total deposit of $20, along with a total trading volume of $50; both conditions must be met to count as one valid user. In other words, you are not competing on who has more friends, but on who can truly bring people into the Binance process.
As for new users, it seems there are also rewards:
Deposit $20, and you can receive $1,000 equivalent in $WAL cryptocurrency experience funds, with an APR of 20%; then complete a transaction of $50 to receive a WAL token voucher worth $2 to $5. But don't be fooled by the term '1,000 dollars'; the announcement states clearly: the $1,000 face value is not directly given to you, the principal will not be credited to the spot account, and what you really receive is just the 7-day APR earnings. Moreover, both new user rewards are limited to the first 30,000 people, on a first-come, first-served basis.
In summary by a crypto expert:
This is not a money giveaway event; this is Binance screening who has traffic, who has conversion, and who can really bring new users into the market.
If you're just an ordinary retail investor, you can watch this event, but don't fantasize about flipping your situation by just inviting one or two people.
Those who really know how to play are not focusing on the prize pool, but on the ability to monetize traffic.