August 9, 2022

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The high-profile crypto exchange will celebrate its first gift card anniversary on the 24th of July. Binance created the gift card to make the transactions process easier for their users and none users. 

The gift card allows users to send and receive cryptocurrencies in a fast, simple way with no fees attached. The card will be redeemed by the user regularly. 

How To Join And Win The DOGE Meme Token Giveaway

The meme token giveaway is divided into two places; new and existing card users. New Users – New gift card users of the platform will compete for 7,000 out of the 10,000 DOGE reward package.

The anniversary time will start from 12; am on the 24th of July till midnight on the 25th of July. During this period, any new users who buy any crypto via the Binance card will be eligible for the reward giveaway. Qualified users will be chosen to compete for the 7,000 DOGE reward. The platform will evaluate points.

Returning Users; Returning card users of the platform will compete for the remaining 3,000 DOGE reward giveaway. Returning users who buy or trade any crypto via the Binance card within the anniversary time will be eligible for the giveaway. Points will be calculated as stated above.

In preparation for the anniversary day, the exchange platform had earlier compensated Dogecoin users who used their savings for the first time. Binance also developed new methods that allowed its users to stake DogeCoin in their trading.

However, the action made by the platform came under criticism and attack on the microblogging app, Twitter. Crypto experts asked how the platform staked meme tokens like DOGE with its POW instead of POS consensus.

In response, the crypto company stated that meme tokens like; coins such as Dogecoin will not leave the platform. The platform stated that such tokens included in its staking program that uses proof-of-work would remain with the exchange.

Dogecoin Warns Against Scam Promises and Knock-offs

Dogecoin company has warned its users and buyers to beware of scam promises that impersonators are making. The meme token official stated that some token companies are impersonating to be affiliated with the meme coin. They stated that there is Dogecoin is not affiliated with any other tokens nor its blockchain. 

This warning follows an announcement from the token company on the 21st of July that its network would upgrade to Core 1.14.6. This upgrade would make transactions on its network easier, secure, and efficient.


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