Binance Launches Campaign To Entice Nigerians To Trade on its Platform

Binance is wooing Nigerians to join its exchange platform by offering rewards to existing customers who through their referral links bring in new customers into the exchange.
In an email sent to Nigerians on its platform, Binance offers 700 NGN in BNB per invitee and existing customers are allowed to invite as many as they can.
According to Binance, “if you invite 1,000 friends within a week, you could make up to 700,000 NGN.”
In order to curb spamming, for any invitee to qualify to gain his/her upline the reward, the invitee is expected to verify their accounts and must trade either by buying or selling cryptocurrencies of at least 5000 Naira by the end of November, 2019.
Every customer who desires to participate in referring customers is also expected to have a verified account.
According to Binance, the distribution of the BNB will be made once every week to the exchange wallet of participants.
Other than the 700 NGN rewards in BNB, participants are also to enjoy up-to 40% commission off their trading fees every time they trade but this is dependent on the number of people invited.
The drive to see the acquisition of Nigerian customers on its platform has made Binance to partner with Flutterwave to allow the easy purchase of cryptocurrency on its binance.com platform.
The fiat gateway which currently has a restriction of 430,000 NGN and a few of 1.4% has not been found to be interesting by the Nigerian community. This has mostly necessitates Binance creating a survey to get the opinion of Nigerians on the fees charged. The survey is ongoing.
Binance says it reserves the right to cancel or amend the campaign and the rules at our sole discretion.