ICYMI: Binance is launching a 10,000 $DOGE giveaway to celebrate Binance Gift Card’s first anniversary Dogecoin DOGE DOGEArmy
New gift card users meeting the stated requirements will be entitled to share a 7,000 DOGE rewards pool. On the other hand, existing gift card users would share a 3,000 DOGE reward pool within 24 hours starting from July 24, 12 midnight., Binance introduced rewards for Dogecoin users signing up for the first time for Binance Savings. The crypto exchange also introduced a new series of locked staking activities that enable users to"stake" Dogecoin and earn APYs of up to 10%.
Binance then clarified that coins such as Dogecoin, which utilizes POW, deposited in its recently announced staking program, would remain with the exchange and will not be lent out to generate further yield. It states that"There is no on-chain staking of LTC and DOGE for network validation since these are non-proof-of-stake tokens," while claiming responsibility for the APR rewards for the campaign.
There have been many tokens over the past nine years that have quickly come and gone. 1 Dogecoin=1 Dogecoin, and there is only one Dogecoin, which is its own blockchain, and not directly associated with any tokens. Beware of imposters.
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