In a startling development, GroveX has announced a $5,000 Shiba Inu (SHIB) giveaway to celebrate the integration of Shibarium on its platform.
Popular Australian-based crypto exchange GroveX has announced exciting news for the Shiba Inu community. The exchange has introduced a trading competition for SHIB enthusiasts to celebrate its support of Shibarium, Shiba Inu’s L2 scaling solution.
It bears mentioning that GroveX was among the first crypto exchanges to enable support for Shibarium officially. In October 2023, GroveX added Shibarium support to its trading platform and its native wallet, dubbed the GroveKeeper wallet.
GroveX $5,000 Shiba Inu Giveaway
At the time, GroveX did not announce any giveaway to celebrate the successful integration of Shibarium on its platform.
Days after Shibarium surpassed the 300 million transaction milestone, GroveX has finally rolled out a $5,000 Shiba Inu trading competition to celebrate its support of the L2 network.
In a tweet today, the official X handle of GroveX urged members of the Shiba Inu community to participate in the trading competition and win a share of $5,000 worth of SHIB. According to the announcement, the trading competition commenced today and will end on January 31, 2024.
Celebrate #Shibarium on #GroveX and join the Shiba Inu Trading Competition! ?
Win a share of $5000 worth of $SHIB! The competition starts now and ends on January 31, 2024.
To Enter:
1️⃣ Deposit or buy a minimum of $20 in $SHIB on GroveX.
2️⃣ Follow @GroveXchange.
3️⃣ Tag three… pic.twitter.com/xi4nZkqcx7— GroveX (@GroveXchange) January 23, 2024
Trading Competition Requirements
Users must follow three steps in order to participate in the event, including following GroveX’s official X handle and tagging three friends to the giveaway announcement.
The last step requires users to trade at least $20 worth of SHIB. Each GroveX user will receive a ticket for trading SHIB worth $20. You can boost your winning chances by increasing the number of tickets you stack up.
GroveX will release the daily results of the top 4 ticket holders and the last two digits of their user IDs. At the end of the competition, the top 4 ticket holders will each receive $1,000 worth of SHIB.
Additionally, the exchange will randomly select two other winners through a Lucky Draw, with each receiving $500 worth of SHIB.
The development comes days after Shibarium’s total transactions surpassed 300 million. At the time of writing, the figure has reached 304,658,998 (304.65 million)
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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