2,000,000 SPNDB and 2,000 BNB Giveaway! 2% Transfer Reward for ERC20 to BEP2 swap and 1% Spending Enhancement for SPNDB and BNB on the Spend Wallet + Spend Visa® Card.
To Our Spenders and Binancians,
As we embark on our journey to launch Spendchain, an interoperable cross-chain payments blockchain, we are excited to announce that we will be introducing our first decentralized bridge for our ERC20 SPND to BEP2 SPNDB.
Part I
Today, we will be going over three items for the Binance Competition Event:
- 2,000,000 SPNDB and 2,000 BNB to be awarded to users trading on Binance DEX
- When exchanging from SPND (ERC20) to SPNDB (BEP2), users will receive a 2% bonus in exchange (ex: 100 SPND = 102 SPNDB) for the duration of the event
- An additional 1% Card Rewards back and Wallet Rewards back when spending or purchasing BNB or SPNDB with fiat for the duration of the event
Exchange SPND to SPNDB
Previously, users were able to perform a free cross chain swap directly in the Spend Wallet instantly, in real time. This enabled SPND and SPNDB to be converted back and forth seamlessly. We will be introducing Spend Swap (https://swap.spend.org), a decentralized non-custodial service that will similarly enable users to swap ERC20 SPND to BEP2 SPNDB, for free. More information regarding the decentralized swap service will be released soon.
To celebrate this upcoming launch, we are giving users a bonus of 2% SPNDB until 7/20/19 0:00 UTC. That means, when users utilize this decentralized swap service to convert ERC20 SPND to BEP2 SPNDB, they will receive a bonus of 2% SPNDB on their transfer.
Our competition event will span from 6/20/19 to 7/20/19 UTC at Binance DEX. The prizes will be the following:
Ten (10) Weekly Prizes:
The top 10 traders in weekly volume on the SPNDB/BNB markets will receive their share of 250,000 SPNDB and 250 BNB. This event will be closed weekly on Saturdays at 23:59 UTC and will go on for 4 weeks (the duration of the competition).
Three (3) Single Month Performance Prizes:
The top 3 traders in volume for the month will receive a free Spend Black Membership* and their share of 1,000,000 SPNDB and 1,000 BNB.
*Contingent upon KYC approval and availability within the users region.
To recap, we will be giving away a total of 2,000,000 SPNDB and 2,000 BNB. All payments will be made on-chain to the traders BEP2 address.
Rules of the Contest:
To be eligible for the Weekly and Monthly prize, the user must have a minimum of $10,000 trading volume daily in the duration of the prize period (weekly or monthly).
Wash trading is strictly prohibited. Any trader caught wash trading or using multiple accounts to wash trade will be disqualified from the prizes.
This promotion will still apply in the event Spendcoin is not listed in Binance.
This promotion is being conducted by Spend Europe LTD and specifically excludes residents of the United States and OFAC restricted countries. Any decentralized non-custodial swap service will also geo-block USA and OFAC restricted IP addresses from using the services. Any winner that is determined in Spend’s sole discretion as being a resident of the United States will forfeit their winnings and will be prohibited from participating in any future promotional event.
We are excited about the progress on Binance Chain and Binance DEX. Spend is a proud supporter of their ecosystem. As an extra bonus for our Spend Wallet users, we are offering an additional 1% rewards back (in addition to our robust rewards program) when users spend SPNDB or BNB for the duration of this event!
Part II
How to swap SPND to SPNDB on the Spend Wallet
To exchange SPND to SPNDB on the Spend Wallet app, users first need to download the app for iOS or Android:
iOS: https://apps.apple.com/us/app/id1357740381
Android: https://play.google.com/store/apps/details?id=com.spend.app
To learn how to register an account and complete KYC, please click here: https://help.spend.com/hc/en-us/articles/360016451193-How-to-get-Tier-1-Verified-in-the-Spend-Wallet-App