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Since its launch, BitTorrent Token [BTT] has been widely adopted by major exchanges. The launch of Binance's launch pad has been a huge success and the Tron Foundation has actively promoted the token through a variety of activities, including aerodromes. Binance also joined the foundation in token promotion by designing a BTT business competition.
The exchange made the announcement on February 21 via Twitter.
Source: Twitter
Binance said the contest was held to celebrate the successful launch of the BTT token and that the team had committed a total of 200,000,000 BTT of prizes. Binance divided the gifts into four categories: deposit promotion, commercial competition, reward calculation and prize draw. The competition will begin on February 22nd and will continue until March 1st.
The stock exchange has also established certain standards, such as disqualification operations, that are "thought to be washing operations or have the characteristics of market manipulation".
However, some Twitter users feel that it is an orchestrated attempt to pump the market. The Twitter user @ Brad2pointO tweeted on the same thread saying:
"Try to pump it so he can throw it into the new ATH lol."
Another Twitter user, @bitcorn__, also joined the movement and said:
"I do not like this token, but even if I think it's going to be pumping now, I'll probably buy ff now."
Some users seemed preoccupied with the gift as they thought it could have a negative impact on the price of the coin. @harake_hussein said:
"I do not like giving up the competition, it reduces the value of the coin. How could you convince me to invest in something that you give 200 million free.
A number of users, like @ Kumar62399018, have looked at the competition with optimism and said:
"That's what we expected, let's do it. I converted part of my BTC into BTT. Waiting tomorrow to start trading.
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