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Binance, the world’s largest crypto exchange by 24-hour trading volume, has announced two giveaway campaigns for enthusiasts of meme-based cryptocurrency Pepe (PEPE).
According to an announcement today, the two promos center on Binance’s Simple Earn Locked Products, with winners promised a massive reward of 700,000 PEPE each and an exclusive bonus of up to 9% APR.
#Binance Simple Earn launches a new $PEPE promotion!
Complete a quiz to earn 700,000 #PEPE in rewards and up to 9% bonus tiered APR 🤝
Get involved ⤵️
— Binance (@binance) February 23, 2024
First Promotion
Notably, the first giveaway campaign requires new users of Binance’s Simple Earn Locked Products to learn about the memecoin.
Afterward, the users will be required to test their knowledge by completing a quiz within the promotion period. The campaign, which commenced today at 14:00 (UTC), is slated to end on March 7, 2024, at 06:00 (UTC).
According to the announcement, the first 50,000 users who correctly answer all questions in the quiz will receive 700,000 PEPE each. Binance will distribute the rewards to the winners as a 150-day PEPE Locked Products position on March 20, 2024.
Second Promo
The second campaign requires users to subscribe to PEPE on the Simple Earn Locked Products between March 1, 2024, and May 31, 2024. Per the announcement, the subscription format will be on a first-come, first-served basis.
Users who subscribe with 10,000 to 500 million PEPE will receive an exclusive bonus tiered APR of 9% alongside a real-time APR.
In addition, you will only receive a real-time APR when you subscribe to the product with over 500M PEPE. While the minimum subscription is 10,000 PEPE, the maximum amount is set at 1 trillion PEPE.
Expert Projects PEPE Rally to $0.00000274
Binance’s giveaway announcement follows PEPE’s breakout. The token surged to a high of $0.00000140 in the daily chart before consolidating within the $0.0000013 price level.
At the time of writing, a unit of PEPE was trading at $0.00000128, up 9.3% over the past 24 hours.
Meanwhile, famous crypto analyst Ali Martinez forecasted that PEPE will continue its rally in the coming days. According to him, the meme-based token will first surge to $0.00000166 before making a bullish run toward $0.00000274.
Hitting the $0.00000274 target would require PEPE to rise by 114% from its current price.
You know where $PEPE is going! $0.00000166 first, then $0.00000274. Send it! 🚀 https://t.co/cJ9IftCXiK pic.twitter.com/BAwzMLaxoj
— Ali (@ali_charts) February 23, 2024
Martinez’s recent analysis comes nearly two weeks after he called attention to a buy signal on PEPE’s 3-Day chart. At the time, he noted that the signal indicated a bullish impulse for the token.