๐จ BINANCE'S USD1 AIRDROP JUST ENTERED STAGE 2 โ BUT ARE THE BONUS REWARDS WORTH IT?
Binance has confirmed new terms for its USD1 rewards campaign:
๐ 75 million WLFI tokens for eligible USD1 holders
๐ฐ Up to 2.5 million USD1 in additional rewards
๐ Up to 3% for qualifying first-time holders and 2% for eligible increased holdings in the first payout phase
๐ New-holder enrollment: October 16โ30
โ ๏ธ THE DETAILS MATTER:
โข Extra $USD1 rewards apply to a maximum qualifying balance of 50,000 USD1 per user.
โข Reward rates are not guaranteed and may be reduced if pools are oversubscribed.
โข Eligibility, balance snapshots and regional restrictions apply.
๐ MUSLIM INVESTOR PERSPECTIVE:
A reward described as an airdrop isn't automatically Shariah-compliant. Holding a stablecoin for promotional rewards may raise different questions from simply using it for payments. Examine the contracts, source of returns and financial arrangements with qualified scholars.
๐ SAVE THIS before considering any rewards campaign.
๐ฌ Should crypto platforms explain how their rewards are generated before advertising percentages?
#Binance #WLFI #Stablecoins #IslamicFinance
Binance has confirmed new terms for its USD1 rewards campaign:
๐ 75 million WLFI tokens for eligible USD1 holders
๐ฐ Up to 2.5 million USD1 in additional rewards
๐ Up to 3% for qualifying first-time holders and 2% for eligible increased holdings in the first payout phase
๐ New-holder enrollment: October 16โ30
โ ๏ธ THE DETAILS MATTER:
โข Extra $USD1 rewards apply to a maximum qualifying balance of 50,000 USD1 per user.
โข Reward rates are not guaranteed and may be reduced if pools are oversubscribed.
โข Eligibility, balance snapshots and regional restrictions apply.
๐ MUSLIM INVESTOR PERSPECTIVE:
A reward described as an airdrop isn't automatically Shariah-compliant. Holding a stablecoin for promotional rewards may raise different questions from simply using it for payments. Examine the contracts, source of returns and financial arrangements with qualified scholars.
๐ SAVE THIS before considering any rewards campaign.
๐ฌ Should crypto platforms explain how their rewards are generated before advertising percentages?
#Binance #WLFI #Stablecoins #IslamicFinance