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Giveaways are an effective way to lure investors into a new crypto project. Those promotional events help crypto projects cultivate healthy communities and simultaneously incentivize early crypto adoption before the actual project launches. The more effective crypto giveaways are, the more investors get interested and the more valuable the platform becomes. The fame drives a lot of inflow investments from enterprising investors, leading to a massive surge in value for the corresponding digital asset related to the platform of the DeFi project. Bitcoin Spark recently hosted an event that allowed investors to win $5,000 awarded in BTCS tokens, the platform’s native digital currency.
What is Dogecoin?
Dogecoin is a decentralized crypto platform that was started as a meme by Billy Markus and Jackson Palmer. Dogecoin was developed to mimic Bitcoin with a proof-of-work consensus mechanism and a mining infrastructure for network participants. Unlike Bitcoin, Dogecoin has an infinite supply of coins, making it a decentralized inflationary crypto asset. The inflationary aspect of Dogecoin has put off many investors since this feature fails to meet the purpose of cryptography, which is to provide an antithesis to the current monetary systems. When all factors remain constant, dogecoin miners will continue to mint new tokens, causing the underlying DOGE price to fall sharply. This impact is seen in fiat currencies that are being printed by governments worldwide, causing their underlying value to decrease with time. That is why Dogecoin investors are looking at Bitcoin Spark.
Bitcoin Spark’s $5,000 giveaway success
Bitcoin Spark is a new DeFi project that is luring investors and whales to invest in the platform. The project recently hosted a Claw Machine Game with a life-changing opportunity for investors to earn exclusive rewards and bonuses that could be worth much more in the future. The total amount to be worn was $6,100, which was to be given away in BTCS tokens at the then-market price set by the prevailing ICO phase.
The game was simple to enter, and all users had to do was purchase BTCS tokens worth $100 or more, and for every $100, the user got one coin to be used in the game. The more coins users got from the platform, the more attempts they could have made, thus increasing their chances of winning.
Participants also had the opportunity to redeem their coins. All they had to do was forward their TXN number that was issued at the time of purchase to Bitcoin Spark’s support staff on Telegram or the Website’s official live chat. The winner was destined for a $5,000 reward, while the first runners-up got $1,000. The second runner-up got $100. The winners already got their rewards and can redeem them for Tether (USDT) at the rate of 25% of the face value.
The game was powered by an online stopwatch and an independent server that ensured that no one was discriminated against and that each draw was subjected to equal chances of winning without hesitation. Bitcoin Spark’s ongoing ICO event has raised over 2 million dollars, and three auditing firms have scrutinized its smart contract. The ICO intends to distribute 4 million tokens to anyone who takes part in the ICO event and buys BTCS tokens at a discounted price depending on the underlying ICO phase. For instance, the current sixth phase’s sales amount to BTCS tokens retailing for $2.75 per token.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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