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Binance to give away Tesla Cybertruck (again) and $28,000

Crypto exchange Binance will hand out one of Elon Musk’s famous Cybertrucks and a cash prize to its traders.

1 min read
The Tesla Cybertruck. Image: Shutterstock.

Crypto exchange Binance is giving away another Tesla Cybertruck in its latest promotion, as well as $27,800.

According to an announcement posted today, the promotion is to celebrate the exchange adding the Kava token to its margin trading offering. Kava is a decentralized finance (DeFi) platform, powered by Cosmos technology.

Tesla's Cybertruck is built to handle tough conditions. Image: Tesla.

The competition will start tomorrow and run until June 16. The trader with the top trading volumes of the token, will win the competition—and the Cybertruck. The $27,800 will be split among the majority of the remaining traders, proportional to their trading volume.

“Binance Adds @kava_labs to Margin Trading - Trade KAVA to Win a Tesla Cybertruck and $27,800 in $KAVA Tokens!” the exchange tweeted today.

The exchange last gave away a Cybertruck in December 2019. But while the winner of that competition has been announced, Tesla has yet to mass-produce the trucks Binance has been giving away. According to latest estimates, delivery of the trucks won’t start until sometime in late 2021, according to the Tesla website.

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