Coins.ph Boosts Offerings with COREUM Integration and $2,000 Airdrop Fiesta
Coins.ph, a leading cryptocurrency exchange in the Philippines, has expanded its token offerings to include Coreum (COREUM), a Layer-1 blockchain designed for enterprise-grade use, integrated with the CosmosSDK and offering fast transaction speeds and programmable Smart Tokens. The latest initiative is an Airdrop Fiesta promotion rewarding 500 traders with a share of a $2,000 prize pool for trading Coreum. To be eligible, participants must trade Coreum between January 25 and January 31, 2024, have a Level 2 Verified Account with no minimum trade volume, and rank among the top 500 traders by volume. Winners will be announced by February 14, 2024, with rewards deposited directly into Coins.ph wallets. The integration initially permitted deposits of Coreum tokens through the Ripple network but did not support withdrawals. Additionally, Coins.ph has planned future airdrops for various tokens and NFTs associated with projects like fanC, Mirai Labs, Splinterlands, TownStory, and Genopets.
Bullish
The introduction of new token offerings and incentive programs like the Airdrop Fiesta by Coins.ph is typically seen as bullish signals within the crypto community. These initiatives tend to stimulate trading activity by attracting new users and incentivizing higher volumes, thereby increasing liquidity. The integration of Coreum, which aims for high transaction throughput and adherence to ISO 20022 standards, suggests a commitment to quality and performance, creating a positive outlook for this exchange. Although airdrops are promotional events that might not have a lasting impact on the market’s fundamentals, they often result in short-term increases in trading volume and can introduce more users to an exchange, expanding its user base and potentially increasing demand for the related cryptocurrency.