Binance Unveils New Theme For WOTD Game, BNB Soars

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As a seasoned crypto investor with a deep understanding of the market, I find the “Word of the Day” (WOTD) game initiated by Binance to be an innovative and engaging way to boost users’ crypto vocabulary and keep them informed about the latest market developments. The opportunity to earn Binance Points, which can be redeemed for various rewards, is an added incentive that I believe will attract a large number of participants.

Binance, a prominent global cryptocurrency exchange, has launched a new educational feature named “Word of the Day” (WOTD) game. This interactive activity is designed to enhance users’ crypto lexicon and keep them updated on current market trends.

The Word of the Day (WOTD) game is scheduled to take place from May 20, 2024, to May 26, 2024. During this period, participants have an opportunity to access a prize pool worth 500,000 Binance Points. These points can be used to claim customized rewards designed exclusively for this event. Additionally, following the announcement, the Binance Coin (BNB) experienced a 1.24% price increase within the hourly timeframe.

How To Participate In ‘Word Of The Day’ Game?

As a game analyst, I’d describe it this way: Each day, I, as an eligible user, can engage in two Decentralized Applications (DApps)-themed Words of the Day (WOTD) games. To be rewarded, I must accurately answer a minimum of five questions dispersed across the game’s duration.

Additionally, those who excel in the program will have equal access to a collective reward pool of 500,000 Binance Points. These points serve as currency and can be exchanged for various incentives. As per recent updates, potential rewards encompass vouchers valued at up to 10 USDT tokens and 50 USDT trading fee discounts available at Binance’s Rewards Center.

To participate in Binance’s Word of the Day (WOTD) game, users need to sign in to their account initially. Following the completion of the first WOTD challenge, they can unlock a second round by clicking the “Get A New WOTD” button. This action involves sharing one of the given articles on social media platforms and confirming that another user clicks on the shared link.

This mechanism not only encourages user involvement but also disseminates informative content related to cryptocurrencies. New sign-ups during the specified timeframe, who register utilizing the referral code “WOTD2024” or via the given referral link, will receive a 10% reduction on spot trading fees. Furthermore, new users can acquire additional welcome bonuses by accomplishing tasks within two weeks of joining. These incentives are accessible through the Rewards Center.

What Are Binance Points?

At Binance, the major cryptocurrency trading platform, members can collect points through a rewards program as they engage in various activities and accomplish tasks. These points are then exchangeable for incentives in the Rewards Center. Important to remember, however, is that any Binance Points accrued will expire at the end of the following year if not utilized beforehand.

As a crypto investor engaging with the Word of the Day (WOTD) game on Binance, it is essential to familiarize myself with the platform’s Activity Terms, Prize Promotion Terms and Conditions, Terms of Use, and Privacy Policy. Please note that this game might not be accessible in all regions. Only users from eligible areas who have completed their account verification process are allowed to participate.

Moving forward, the cryptocurrency exchange maintains the authority to disqualify individuals exhibiting dishonest actions. Consequently, it is advisable for participants to avoid questionable tactics like wash trading and market manipulation. Furthermore, the exchange reserves the right to modify or cancel the activity terms and conditions without prior notification.

BNB Price Today

Despite the recent recovery, the price of Binance Coin (BNB) fell once more, decreasing by 0.45% to reach a value of $575.82 on May 20, Monday. The crypto’s market capitalization stood at $84.98 billion during this period. Contrarily, the trading volume for BNB saw a significant increase of 5.82%, reaching $1.40 billion.

Previously, during the price surge, BNB surpassed $580 and reached its highest point of the day at $580.99. Nevertheless, its monthly growth is insufficient, amounting to less than 3%, suggesting a subpar performance in recent times. Furthermore, Binance Coin experienced a decline of over 3% within the past week, putting pressure on important support thresholds.

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2024-05-20 10:44