One of the top cryptocurrency exchanges, Coinbase, has announced a giveaway to celebrate Bitcoin’s historic halving event, which has the cryptocurrency community giddy with anticipation.
Coinbase will give away Bitcoin every week as part of this celebration, giving participants the opportunity to win Bitcoin in honour of this significant milestone in the history of the cryptocurrency.
A key component of Bitcoin’s monetary policy is the planned Bitcoin halving, which takes place roughly every four years and is intended to restrict the amount of new BTC that may enter circulation.
The pace at which new Bitcoins are produced is halved during the halving, slowing the increase of the supply and gradually driving up the price of Bitcoin.
The fourth Bitcoin halving in history took place last week, and it was the most recent one. Coinbase has launched a series of weekly promotions, giving users the chance to win Bitcoin gifts, to celebrate this milestone and the growth of the Bitcoin network.
From now until May 20th, we will be giving away one bitcoin every week to commemorate the fourth halving. May 9 is the day of the first drawing, Coinbase tweeted.
The contest will run from April 19, 2024, at noon Pacific Time, until May 20, 2024, at 11:59 p.m. Pacific Time. Each week, a random winner will be selected from among all qualifying submissions submitted. This results in four possible winners in all during the course of the promotion.
https://x.com/coinbase/status/1782915996954563042
To be eligible to win one bitcoin, participants may choose from three different ways to enter: by filling out the form on the Coinbase website, they can enter with their email address. Secondly, in order to receive an extra entry, sign up for and validate a Coinbase account before May 20. Third, to qualify for an entry, provide a payment method and finish your first cryptocurrency trade of any size before May 20. The promotion period allows for a maximum of 10 submissions.
According to Coinbase, winners will be chosen at random every week and given a certain amount of Bitcoin that is sent straight to their accounts.
