Binance Announces $20 Reward For Experimenting With Matic Network's Crypto Wallet

    Binance Announces $20 Reward For Testing Matic Network's Crypto Wallet

    Matic Network is an Indian blockchain transaction solution which promises to be scalable and fast as per the market standards. The Matic Network has teamed up with Binance to promote and test its crypto wallet. Matic in association with Binance has announced a bounty programme which would reward the users with $20 in Matic coin. In order to stand a chance to win the $20 voucher, a user needs to signup for the Matic programme and download the wallet. A user needs to execute at least one transaction on the Matic wallet in order to stand a chance to win the voucher.

    Matic will select 3,000 random users for the bounty programme which is underway and ends by May 4th. Matic also launched its native token through the Binance Launchpad which is a sidearm of Binance specialized for token sales. The Matic token is up by 66.8% since its launch and a total of 1,900,000,000 was offered through the token sale, which is 19% of the total circulation supply.

    What Does Matic Network Bring To The Table

    As per the information available on the Matic's website, the blockchain powered network is aiming to become the choice of developers for deploying of decentralized applications which are in trend in the decentralized ecosystem. The platform leverages Ethereum as the second-layer scalability solution to help it handle off-chain transactions. Apart from that, Matic also makes use of Proof-of-Stake consensus and leverages a Plasma Framework on its network.

    The website description reads,

    “Matic Wallet is a production-ready Plasma wallet with WalletConnect natively integrated, which can be used by end-users to seamlessly interact with dapps on the Matic Network,” states the Matic team. “Developers can offer a user-friendly option to their dapp users, which enables them to keep their private keys on mobile.”

    Binance Is Creating A Decentralized Empire Of Its Own

    Binance is primarily known for its crypto exchange which also happens to be the largest and most trusted in the decentralized community. The reason being, Binance does not resort to unethical trading manipulation and fudging of numbers to show an inflated volume. However, Binance is more than just a crypto exchange, as it has various sidearms like the Binance Academy which provides relevant and necessary information on various topics related to blockchain and crypto space.

    Apart from that it also has a token sale platform in the form of Binance launchpad which is being used extensively by many new entrants to launch their respective tokens. Recently the firm also announced its decentralized exchange which also helped its native token BNB to reach an all-time high price. Thus, its quite evident that Binance is focused on the long term goal and looking at their current progress, they are setting a decentralized empire of their own.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Open Interest on CME Bitcoin Futures Outgrowing BTC Price

    If BTC closes above the 200-day moving average, just above $9,000, we could see $10k Institutional investors leading the way for a new...

    Here’s How DeFi’s Smashing Growth Puts a Trillion-Dollar Case for Ethereum

    Total USD value locked in DeFi surpasses $800 million creates “a new paradigm for global finance” with one common theme Ether The trillion-dollar...

    This Uncannily Accurate Bitcoin Chart from Dec. 2018 Predicts a New ATH in 2020/21

    Analyst ‘s post from Dec. 2, 2018, correctly predicts Bitcoin’s bottom and momentum in 2019 Bitcoin price is currently hovering around $9,000 after surging...

    Lawmaker Proposes Bill For State-Chartered Institution For Blockchain & Crypto Innovations

    An Oklahoma lawmaker has come forward with the proposition of creating a financial institution chartered by the state and that functions as a central...

    Block.One's ‘Voice' Social Network Has An Open Door Policy To Other Blockchains, Not Just EOS

    During its June ICO, had indicated that its Facebook rivaling social network dubbed Voice, would be launched on the EOS network. However, plans...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.