Two Shiba Inu Promotional Events Announced by SBI VC Trade
Two promotional events for tokens based on the Shiba Inu dog, namely SHIB, have been announced by SBI VC Trade, a Japanese cryptocurrency exchange company.
According to a statement released today, the cryptocurrency exchange will celebrate Japan's Dog Day on November 1 by holding two promotional events focused on the Shiba Inu-themed currencies, SHIB and DOGE.
Events for SBI VC Trade Promotion
There are two types of promotional events: a trading campaign (DoggiDoggie Competitionsocial media campaign (Doggie Contest).
DogDog Race
From November 1, 2024, at 10:00 AM to November 8, 2024, at 23:59 PM, this promotional event will be place for one week. The simple social media task for cryptocurrency aficionados at this time is to follow the @sbivc_official X account and publish an AI-generated dog celebration image on X with the hashtag "#sbivc dog campaign."
Following the campaign's conclusion, 11 winners will be chosen at random by SBI VC Trade, and each will get Amazon gift cards worth 10,000 yen. By the end of the year, the exchange promised to send X direct messages to the fortunate winners.
Doggie Race
A trading competition open only to SBI VC Trade users is the second promotional event. From November 1, 2024, at 7:00 AM to December 1, 2024, at 06:59 AM, this event will take place. To be eligible to win 1,000 yen in Shiba Inu tokens, interested parties must exchange at least 10,000 yen worth of SHIB throughout the campaign period.
Before entering this contest, participants must fulfill the KYC conditions set forth by the exchange. After the event, 110 participants will be chosen by lottery by SBI, and each user will get 1,000 yen in SHIB. By January 31, 2025, the exchange will give the winners their prizes.
Exchange Highlights: DOG Utility and SHIB
In the meantime, SHIB and DOGE, tokens with a Shiba Inu motif, were briefly described by the exchange. SBI VC Trade claims that the Shiba Inu dog mascot is used by both coins. It underlined that although they started out as memecoins, they have since evolved into utility tokens with practical applications.
According to the exchange, SHIB will be implemented across several platforms, including NFT marketplaces, whereas DOGE has a payment utility.
Support for SHIB Trade by SBI VC
SBI VC Trade has previously organized a promotional event for SHIB. The exchange held a SHIB giveaway campaign to commemorate Kabosu-Chan's birthday last year.
Additionally, by enabling its users to generate a passive income stream in SHIB, the exchange has kept growing its support for SHIB. Users of SBI VC Trade must lend their SHIB tokens under this program in order to earn an annualized return of 1.3%.
In the meantime, SHIB's price has not increased as a result of the introduction of the SBI VC Trade campaign. As of right now, the token is trading at $0.00001847, down 0.78% from the previous day.
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