Binance Set to List Solana, Offer $50,000 Bounty Promotion

Binance Set to List Solana, Offer $50,000 Bounty Promotion

The Malta-based Binance Exchange has announced that it will list its Solana (SOL) crypto project soon.

The company added that it would launch a bounty promotion for SOL worth $50,000.

Binance stated on its website that the rewards will be distributed in the form of SOL tokens, and the listing fees would be zero.

In a tweet, the platform said:

“Complete tasks and earn up to $1,000 in SOL tokens! The first 1,000 people to complete all 5 tasks will earn a guaranteed reward of $20 in SOL tokens.”

The first 10 winners to perform four out of five tasks will earn SOL tokens worth $100, and the first person to accomplish the five tasks will be awarded SOL tokens worth $1,000.

The bounty promotion aims to accelerate the SOL listing on the platform. Binance has teamed up with Solana to make the promotion program a reality.

Binance acquires CoinMarketCap

Despite the rapid speed of coronavirus and its negative impact on global markets, the crypto industry witnessed the biggest merger deal in history.

The world’s most popular crypto exchange Binance has signed an agreement to acquire CoinMarketCap, the most accurate, real-time crypto data website, according to Cointelegraph website.

Binance CEO Changpeng Zhao said Binance and CoinMarketCap have the same vision of making digital assets more accessible and useful for interested people. Zhao said:

“The acquisition will enable us to build on each other’s strengths, and further grow and instill transparency in the industry.”

Binance forays into Korea

Binance has announced that it will launch soon a new platform named ‘Binance KR’ in the Korean market.

According to a blog post published on 31 March, the new exchange will be launched on Binance Cloud. It will provide “the market’s deepest spot trading liquidity, most robust matching engine, and most advanced state-of-the-art security, custody, and risk controls.”

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.