Binance, one of the world’s leading cryptocurrency exchanges, has introduced a new theme for educational initiative called the “Word of the Day” (WOTD) game. This engaging activity aims to boost users’ crypto vocabulary. Moreover, it focuses on keeping them informed about the latest market developments.

The WOTD game is set to run from May 20, 2024, to May 26, 2024. Moreover, it offers participants a chance to share in a pool of 500,000 Binance Points. These Binance Points can be utilized to redeem user rewards specifically tailored for this initiative. Moreover, the Binance Coin (BNB) rebounded after the announcement with a 1.24% gain in the 1-hour frame.

How To Participate In ‘Word Of The Day’ Game?

The WOTD game allows eligible users to play up to two games per day, focusing on the theme of Decentralized Applications (DApps) for this week. To qualify for the reward, participants need to correctly answer at least five questions throughout the activity period.

Moreover, successful participants will equally share a pool of 500,000 Binance Points. These points can be redeemed for various rewards. According to the latest announcement, these rewards include vouchers worth up to 10 USDT token and up to 50 USDT trading fee rebate vouchers at Binance’s Rewards Hub.

Hence, to play the WOTD game, users must first log into their Binance account. After completing the initial game of the day, they can unlock a second game by clicking the “Get A New WOTD” button. This requires sharing one of the selected articles on social media and ensuring that the shared link is clicked by a third party.

Furthermore, this mechanism not only promotes user engagement but also spreads educational content about cryptocurrencies. In addition, new users who register during the activity period using the referral code “WOTD2024” or through the provided referral link will benefit from a 10% discount on spot trading fees. Additional welcome rewards are also available by completing tasks within 14 days of registration. These incentives can be accessed through the Rewards Hub.

What Are Binance Points?

Binance Points are part of the leading crypto exchange’s loyalty program. It offers users the opportunity to earn and accumulate points by participating in various activities and completing tasks. These points can be exchanged for rewards in the Rewards Shop. However, users should note that any Binance Points earned will expire at the end of the month in the following year if not redeemed.

Participation in the WOTD game is subject to Binance’s Activity Terms, along with their Terms and Conditions for Prize Promotions, Terms of Use, and Privacy Policy. The game may not be available in all regions, and only users from eligible areas who have completed account verification can participate.

Furthermore, the crypto exchange also reserves the right to disqualify participants found engaging in dishonest behavior. Hence, participants should refrain from questionable practices, such as wash trading or market manipulation. Additionally, the CEX retains the discretion to amend or cancel the activity terms and conditions without prior notice.

BNB Price Today

Despite the recent rebound, the BNB price slumped thereafter. The BNB crypto value dropped 0.45% to $575.82 at the time of writing on Monday, May 20. Whilst, the crypto held a market valuation of $84.98 billion. On the contrary, the trading volume for BNB surged 5.82% to $1.40 billion.

Earlier, during the price recovery. BNB rallied past the $580 mark and attained the day’s peak at $580.99. However, BNB’s monthly gain is lower than 3%, which indicates a weak performance lately. Moreover, the Binance Coin has lost over 3% in a week, testing crucial support levels.

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