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- Singaporean exchanges MEXC Global and Bitrue offer daily bonus opportunities for XRP traders.
- MEXC Global will provide additional incentives to users with upcoming Coreum airdrop support.
- Bitrue encouraged participation in the new Coreum blockchain ecosystem by offering XRP users airdrops.
The cryptocurrency industry is constantly evolving, with new developments emerging every day. Among the latest developments are MEXC Global and Bitrue, two Singapore-based exchanges that recently made important announcements.
Exchanges provide opportunities for traders to participate in events and Air drop. Users can participate in Coreum’s Bitrue and MEXC Global launch promotion events for a chance to win prizes.
Bitrue & MEXC global offer for XRP Coreum Airdrop users
global mexca reputable crypto exchange based in Singapore, It was launched recently An ETF Trade Mining event that offers incentives for XRP merchants. The event allows users to trade selected XRP token pairs and participate in a total prize pool of 6,500 XRP tokens.
The promotion has been running since March 22nd and will end on March 24th at 3:59 PM UTC, with 50% of the total prize pool (3250 XRP) automatically distributed daily to user accounts. In addition, MEXC Global announced support for the upcoming Coreum airdrop, where 50 million xCORE tokens will be dropped to SOLO and XRP holders.
Petro, another Singapore-based crypto exchange, recently held an airdrop event for XRP users, which concluded earlier this morning. Users can receive an xCORE Airdrop during the event by locking in their SOLO and XRP assets before 3:50 AM UTC on March 24.
The event is designed to encourage participation in the new Coreum blockchain ecosystem, which will be launched on March 24, 2023, at approximately 4:00 am UTC.
These xCORE options tokens can be exchanged for CORE tokens, which are the native tokens of the Coreum blockchain. The Coreum team has prepared community airdrops to boost participation in the new Coreum ecosystem, with 100 million CORE tokens distributed to COREUM holders along with xCORE tokens.
on the flip side
- Promoting these events is known to perpetuate a culture of FOMO (fear of missing out) and pressure users to engage in risky behaviors in pursuit of short-term gains.
- The fact that exchanges like MEXC and Bitrue can exert such significant influence over certain cryptocurrencies through airdrops and farming rewards raises questions about true decentralization in the cryptocurrency market.
Why should you bother
The recent initiatives of MEXC Global and Bitrue to incentivize XRP traders and support the upcoming Coreum airdrop demonstrate the potential of new blockchain ecosystems and the importance of community participation in their success.
For Singaporeans, these developments highlight the city’s growing role Axis for the cryptocurrency industry.
To learn more about airdrops and how they can affect users, see this article about the latest Arbitrum Airdrop launch:
Arbitrum Users Outraged Over Airdrop Launch Failure: Here’s What Happened
Learn more about how Binance temporarily suspended spot trading:
Binance halts spot trading, sending BTC price down $700
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