- Binance Pay introduces March promotions, offering rewards and discounts to users.
- The initiative aims to boost Binance Pay usage and promote the ACH token.
- Users can earn rewards for transactions and enjoy discounts on various items through the Binance Marketplace.
OUR TAKE
These promotions provide an excellent opportunity not only to utilise cryptocurrencies practically but also to earn additional rewards in the process for users. The convenience of Binance Pay, coupled with the potential savings and earnings from these promotions, could attract a new wave of users to the platform and the concept of crypto payments.
— Chloe CHEN, BTW Media reporter
Binance Pay has announced promotions for March, offering up to 5,070 ACH tokens in rewards and up to 50% discounts for users spending on their platform.
Binance, the leading cryptocurrency exchange by trading volume globally, recently unveiled a series of March promotions to encourage the use of Binance Pay, their proprietary payment technology. These promotions feature opportunities to earn up to 5,070 Alchemy Pay (ACH) in token vouchers and enjoy up to 50% discounts on purchases made through Binance Pay.
The promotional period is set to run from March 11, 2024, at 00:00 UTC to March 31, 2024, at 23:59 UTC, as part of Binance’s ongoing efforts to expand cryptocurrency usage in everyday transactions and provide added value to their user base.
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The promotions include the following aspects
Early Bird Rewards: Binance Pay is offering an Early Bird Reward of a 70 ACH token voucher for the first 8,970 eligible users who complete a purchase of at least $10 equivalent with any Binance Pay merchant, using cryptocurrency through Binance Pay during the promotion period.
Top Spender Rewards: Additionally, the top 20 users by total purchasing volume using ACH through Binance Pay with eligible merchants have the chance to earn up to 5,000 ACH in token vouchers. Rewards will be distributed based on the user’s purchasing rank, with the highest-ranked user receiving 5,000 ACH, the second-highest 4,000 ACH, and so on.
Hot Deals Discounts: Alongside these rewards, Binance Pay is offering up to 50% discounts on various items like gift cards and gaming top-ups through its Hot Deals promotion on the Binance Marketplace with select partner merchants, including Bamboo, Byte Topup, CryptoMate, Tokenstore, and Uquid.
To be eligible for these promotions, users must be verified and successfully registered for a Binance Pay account. Additionally, they must have the latest Binance app version for iOS (v2.47.0) or Android (v2.47.0) or later.
It will boost Binance Pay’s use as a payment method
This strategic move by Binance is anticipated to significantly boost Binance Pay’s use as a payment method and potentially drive adoption of the ACH token. By incentivising user participation in the crypto ecosystem, Binance is effectively contributing to the overall growth and stability of the cryptocurrency market.
Binance has detailed several terms and conditions for the promotions, with rewards distribution scheduled within 30 days after the promotion period ends. Users can redeem their vouchers through the Rewards Hub. Importantly, Binance emphasises that the promotion is subject to change, and they reserve the right to amend the terms or cancel the promotion at their discretion.
Binance reminds users to exercise responsibility in their investment decisions
While the promotions underscore Binance’s commitment to enhancing user experience and promoting digital asset use, users must bear in mind the volatility of digital asset prices. Binance reminds users to exercise responsibility in their investment decisions and consider the associated risks.
These promotions not only highlight the practicality of cryptocurrencies but also reflect Binance’s ongoing dedication to providing value to its users and the broader crypto community.
