Binance to Give Away 15,000 NANO in New Competition
The Tokyo-based cryptocurrency exchange Binance has announced a new competition with 15,000 NANO coins to be given away to winners.
The competition will begin at 0:00 AM on Saturday May 5, and run through Friday May 11, 2018.
— Binance (@binance) May 3, 2018
The rules of the Binance competition encourage trading, but do not have a guaranteed effect on buying or selling.
“Users will be ranked in terms of the total NANO volume traded on their Binance account (including both Buys and Sells) across all NANO trading pairs during the competition period,” the company said in a statement.
Binance Competition, An Additional Boost for Nano
NANO remains shaky, after problems with exchanges, wallets, and a general loss of hype in comparison to other hot projects taking the spotlight with more concerted marketing efforts.
Nano foundation, the company behind the cryptocurrency, had of recent been charged with a class action lawsuit by an alleged victim who accussed the company of forcing developers to adopt a “rescue fork” to recover the Bitgrail lost funds.
However, the coin manages to keep some of the price gains, and is seeing volumes return for a push above $10. NANO will receive an additional boost through the Binance trading competition.
Binance competitions have boosted assets like Ontology (ONT), but also controversial digital coins like Centra (CTR) a few months earlier. Still, the campaigns increase visibility and volumes, and for NANO, this may mean a higher volume and profit returns.
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