BitMart Announces Giveaway of 121M SHIB Tokens for French Users

Highlights:

• BitMart announces a giveaway of 121 million SHIB tokens exclusively for French users from November 15 to 17, 2024.
• To be eligible for the giveaway, participants need to complete social tasks, deposit 20 USDT and trade crypto.
• The event will boost Shiba Inu’s adoption among French crypto enthusiasts and encourage more trading on BitMart.

BitMart has announced a giveaway of 121 million SHIB tokens to users in France. The Cayman Islands-based crypto exchange is launching this exclusive event to target French traders and enhance Shiba Inu adoption. The giveaway begins on November 15, 2024, and ends on November 17, 2024.

Participants have a chance to win the prize pool of 121,914,968 SHIB tokens, equivalent to $3,000 USDT at the time of the announcement. However, only 300 users will win, with each receiving at least 406,383 SHIB tokens. This initiative aims to increase trading activity and reward loyal users during this period.

😍 Win your share of 121,914,968 $SHIB (~3,000 USDT)! 😍

How to participate:⁰
1️⃣Follow us, RT & sign up on BitMart https://t.co/JhpXzuK38H⁰
2️⃣Deposit 20 USDT or the equivalent in other cryptocurrencies and make at least 1 Spot transaction⁰
3️⃣Submit your CID… https://t.co/ugstBZbEzO

— BitMart (@BitMartExchange) November 14, 2024

How to Participate in the Giveaway

To join the event, users must follow specific steps. First, they need to follow Bitmart’s social media platforms and retweet the giveaway announcement. This way, more people will hear about this and become more engaged in the community. Moreover, users must sign up on the French version of the BitMart platform using the link provided.

The next requirement is to deposit at least 20 USDT into their new BitMart account. This guarantees that users have an active interest in trading on the platform. Finally, users must initiate a spot trade cryptocurrency listed on BitMart. The core giveaway aspect is trading activity, to encourage users to explore different crypto assets.

After completing these tasks, participants must submit their BitMart customer ID in the Google form linked in the announcement. This step validates their eligibility and enters them into the prize pool.

Boosting Trading Activity and Shiba Inu Adoption

BitMart giveaway aims to boost its exposure in the French market. The exchange thus aims to attract more users and boost trading volume by promising generous SHIB token rewards. Moreover, it promotes the Shiba Inu token encouraging crypto enthusiasts in France to adopt it.

The giveaway follows a recurring trend of crypto exchanges attracting customers with promotional events. In May 2023, Bybit encouraged users to trade Shiba Inu to win USDT worth $20,000. Moreover, CoinMENA gave away 50 million SHIB to two users in June 2023. These highlight a competitive landscape of crypto trading platforms aiming to expand their user base.

📣 The Memes Carnival is here!

Simply trade $DOGE, $PEPE, $SHIB, $LADYS, $FLOKI, and more #memecoins to earn your share of the 20,000 $USDT Prize Pool!

🗓️ From now till May 18, 2023, 11:30AM UTC

Join the event: https://t.co/eesdGaZaWr#TheCryptoArk #BybitSpot pic.twitter.com/LSol0JG0UU

— Bybit (@Bybit_Official) May 11, 2023

Shiba Inu Price Action and Future Outlook

The giveaway comes amidst the ongoing market rally. Shiba Inu’s native token, SHIB, has recorded an impressive surge of 20% and 25% on the weekly and monthly charts, respectively. As of press time, SHIB is exchanging hands at $0.00002357, down by 6% over the past 24 hours. In addition, both the market cap and trading volume have declined to $13.74B and $1.46B, respectively. 

According to Crypto analyst SHIB Bezos, Shiba Inu may soon see a parabolic phase. Based on historical trends, SHIB could see a significant price surge. Using these patterns, the SHIB community expects a bullish rally.

$SHIB is repeating history, and you know what that means…

The parabolic phase is coming! 📈

Are you ready for some gains? 🚀
#SHIB #Crypto pic.twitter.com/C0rNQ2faL4

— SHIB Bezos (@BezosCrypto) November 14, 2024

The analyst identified a recurring SHIB price cycle. It has an initial rally, a cooling-off period, and a rapid surge. The analyst advises investors to be ready for potential gains once the first rally signs are followed by a period of cool-off.