Dogecoin giveaway: Coinbase is giving away $1.2 million in DOGE – here’s how to get some.
DOGECOIN has swept the world by storm, and Coinbase, America’s largest crypto exchange, has held a contest to commemorate DOGE’s Coinbase debut. Discover how to take part in the Dogecoin giveaway.
Coinbase is giving out £850,000 ($1.2 million) worth of DOGE coins this month to commemorate Dogecoin’s remarkable climb to stardom this year. On June 3, the popular memecoin was listed on the exchange’s professional platform, reigniting interest in the Shiba Inu-themed asset. Customers of Coinbase can now participate in a DOGE sweepstake to get ahead of the DOGE hype train – but there’s a catch. A hefty £70.67 ($100) entry fee is required to enter the contest.
Before you begin, keep in mind that trading cryptocurrencies such as DOGE has numerous dangers.
The cryptocurrency markets are incredibly unpredictable, and there’s no assurance you’ll profit from your original investment.
According to the most recent Coindesk statistics, as of 3.31pm BST on Tuesday, June 8, DOGE is trading for £0.224254 ($0.317193) per token.
The memecoin, which was launched as a joke in 2013, now has a market valuation of almost £29 billion ($41 billion).
The Financial Conduct Authority (FCA) in the United Kingdom has issued a warning against purchasing cryptoassets.
“If you invest in cryptoassets, you should be prepared to lose all of your money,” the FCA said.
Never put money into a stock or cryptocurrency that you are not willing to lose.
More than 6,000 people are eligible to win substantial prizes, which are divided into three tiers.
One participant will receive the top reward of £212,000 ($300,000) in DOGE tokens.
Another ten persons will have the opportunity to win £21,200 ($30,000) in DOGE tokens.
Another 6,000 people will be eligible to win £70.67 ($100) in DOGE.
The sweepstakes will expire at 11:59 p.m. PT on June 10, 2021.
“Dogecoin is now on Coinbase, and we’re giving away $1.2 million in prizes to celebrate,” Coinbase announced.
“For a chance to win, opt in and then buy or sell $100 in DOGE on Coinbase before June 10, 2021.”
The sweepstakes allows only one entry per individual, and entering more than once “will not boost your chances of winning.”
Click here for additional information on the sweepstakes rules.
You must be a legal resident of the United States, according to the disclaimer. “Brinkwire News in Condensed Form.”