Binance's announcement on the Moonbix event left many people feeling let down, dashing hopes of easy money. A large number had signed up early, anticipating Binance would bring in significant profits.
However, Binance's support team made it clear that Moonbix wouldn’t be issuing any coins, debunking rumors fueled by get-rich-quick fantasies.
Some individuals took advantage of the situation, enticing others with false promises. As expected, #moonbix isn't distributing coins, but instead focused on promotional efforts, riding the wave of popularity around certain tokens.
Binance allocated funds for these activities, offering rewards to participants. Early adopters (31,000 users) who traded $200 worth of $DOGS or $NOT tokens received 480 $NOT (which might be valued at around $3.50). This strategy was intended to attract new users, tapping into Telegram’s large user base.
People who’ve invested time in similar events might feel frustrated, realizing they've been led astray. Were you one of them? Share your story in the comments below.
Binance’s goal was clear: grow its user base through attractive rewards and strategic partnerships. While some see this as smart marketing, others feel it exploits users looking for quick profits.
And now, to add to the frustration, Moonbix has introduced region restrictions, leaving even more users locked out of participating. Combine this with the existing anger over $HMSTR, and it's easy to see why tensions are running high.