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Bitcoin (BTC) and Kaspa (KAS) miners are at the center of a new mining promotion launched by Binance Pool. The promotion, which runs from November 28, 2024, to January 27, 2025, offers a total bonus pool of 88,000 KAS tokens.
Participants can earn rewards based on their net hashrate rankings, with the top 100 miners eligible for prizes. Kaspa miners can receive up to 1,300 KAS each, while Bitcoin miners contributing to Binance Pool can earn up to 1,000 KAS.
Rewards will be distributed to participants’ Binance wallets within 14 days after the promotion concludes, provided all conditions are met, including the proper setup of payout addresses. This initiative has sparked speculation about a potential spot listing for Kaspa on Binance.
Speculation Grows Around Kaspa Spot Listing
This promotional campaign has fueled discussions within the cryptocurrency community about the likelihood of a Kaspa spot listing on Binance.
Historically, Binance has used initiatives like mining pool promotions as a precursor to full token listings. Kaspa is already available for trading on Binance Futures, and its inclusion in Binance Pool is seen as a step toward increasing its visibility among traders.
A tweet from @Crypt0Proselyte highlighted that the mining promotion could signify Binance’s growing institutional support for Kaspa.
The tweet also underscored the potential benefits of a spot listing, such as increased liquidity, price stability, and heightened interest from mainstream investors. A listing could also drive market activity, potentially leading to price rallies as demand increases.
Market Trends Suggest Re-Accumulation Phase for Kaspa
Technical analysis of Kaspa’s price action points to bullish momentum.
According to @D_DTRADING, the token has rebounded from a structural low and appears to be in a re-accumulation phase. Currently, Kaspa is trading near the mid”
Source: captainaltcoin.com