Binance Restricts Nigerian Users from Accessing Free Token Rewards and Airdrops

Binance has restricted Nigerian users from accessing free token rewards and airdrops, a decision that has drawn significant backlash from its users. This action is part of a broader conflict between the exchange and the Nigerian government. Users previously earned substantial rewards through various tasks on the platform, leading to daily earnings of up to $50, which have now been curtailed, prompting widespread frustration.

Global cryptocurrency exchange Binance has placed restrictions on its Nigerian users, denying them access to free token rewards and airdrops. This decision marks a significant development in the ongoing tension between Binance and the Nigerian government, which has escalated since early 2023. Reports indicate that users have expressed frustration over the denial of daily earnings that could reach up to $50, typically obtained through tasks on the platform.

The airdrop rewards were previously accessible to Nigerian users for participating in various activities such as signing up for projects, staking test tokens, testing decentralized finance (DeFi) protocols, or holding specific assets. Additional rewards were available for those who referred friends to the platform. Upon attempting to log in, many users discovered notifications indicating that the airdrop feature was no longer available.

Chike Nnadi, a frequent user of the platform, has voiced his disappointment, stating, “It is a pity that for a crypto-loving country like Nigeria, our access to the industry is becoming severely limited as the days go by. Imagine being able to earn such an amount of money in a country where most people are living below the poverty line and now to have that opportunity taken away, it is frustrating.”

In recent months, the Nigerian government has increased its scrutiny of cryptocurrency activities, prompted by the significant devaluation of the naira. They directed local internet service providers to block access to Binance shortly before the exchange disabled its peer-to-peer (P2P) trading options within Nigeria. Despite these obstacles, many Nigerian crypto users have turned to over-the-counter P2P exchanges and employed virtual private networks (VPNs) to circumvent these restrictions and continue accessing Binance’s services.

The recent blockage imposed by Binance on Nigerian users’ access to free tokens and airdrops marks a critical point in the ongoing conflict between the exchange and the Nigerian government. The denial of these opportunities, particularly in a country struggling with economic challenges, has sparked considerable discontent among users. As Binance and the Nigerian authorities navigate these tensions, users are resorting to alternative methods to access the platform.

Original Source: www.mariblock.com