Bithumb Offers Pizza, Bitcoin to First-Time Depositors for Bitcoin Pizza Day
Summary
- Bithumb said it is launching an event for Bitcoin Pizza Day that will give first-time depositors Bitcoin and pizza.
- The exchange said users with no prior Bithumb deposit history who make a net deposit of at least $36 will receive about $7 worth of Bitcoin, while the top 2,026 users by net deposit amount will get pizza gift certificates.
- It also said the top 10 users by net deposit amount will receive a fee-free trading benefit covering cumulative trading volume of up to about $72,000, and that promotional coins must be traded at least once within 30 days.
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Bithumb, a South Korean cryptocurrency exchange, is launching a Bitcoin Pizza Day promotion.
The exchange said on May 18 that it will run the event through May 31 to mark Bitcoin Pizza Day on May 22, offering pizza and Bitcoin to users making their first deposit. Bitcoin Pizza Day commemorates May 22, 2010, when a US investor bought two pizzas with 10,000 Bitcoin in the cryptocurrency's first real-world transaction.
The event is open to users with no prior deposit history on Bithumb. To qualify, users must complete an application on the event page and make net deposits of at least $36 during the promotional period.
All eligible participants will receive about $7 worth of Bitcoin. The top 2,026 users by net deposits during the event will also receive a Domino's Pizza mobile gift certificate for a set that includes a Grilled Patty Cheeseburger Pizza, hot wings and cola.
The top 10 users by net deposits will also get zero-fee trading on cumulative transactions of up to about $72,000. The fee waiver will remain in effect for 30 days from the benefit distribution date.
Net deposits will be calculated by subtracting withdrawals from total deposits made during the event period. For cryptocurrency deposits and withdrawals, amounts will be calculated based on market prices at the time transactions are completed. Internal transfers between members will not count toward the promotion, and users must maintain both their balance and ranking through June 5, the payout date, to receive the benefits.
The Bitcoin reward will be provided based on the previous day's closing price before distribution. Coins received through the promotion must be traded at least once within 30 days. Withdrawals will be allowed 30 days after the payout.
Moon Sun-il, Bithumb's head of service, called Bitcoin Pizza Day a symbolic date that showed cryptocurrency could prove its value in everyday life. He added that he hopes the event will give users a special chance to experience their first deposit on Bithumb while reflecting on the meaning of Pizza Day.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
