Grammy-nominated American rapper Megan Thee Stallion gives her fans $ 1 million worth of bitcoin on Twitter, and the value of this prize could increase significantly during this bull market. These donations are the result of a partnership with Square’s Cash App.
The rapper announced the promotional campaign in Dec. 17 tweets. At the time of publication, the post has generated 9.4K retweets and 65.2K likes. All you have to do to receive some bitcoin is to post “BITCOINMEG” and provide the name of your Cash App.
However, Meg does not explain how much bitcoin each person will receive. But most people have responded to the tweet, indicating they received 50,000 satoshis – this equates to about $ 11.39 at press time. By the time the giveaways are over, however, the bitcoin price could be worth much more than the current $ 22,991.84.
In a subsequent tweet, the rapper encouraged her followers to continue sharing their Cash App details as bitcoin is “a very smart investment and increases over time”.
For those who are unaware, Cash App is a digital payments service developed by Square, led by avid bitcoin evangelist Jack Dorsey, who doubles as Twitter’s CEO. Megan Thee Stallion has become a household name after she joined Beyonce and Cardi B earlier this year for separate music projects. Megan received four Grammy nominations last month.
The submissions for the giveaway are already pouring in with most rapper followers claim they registered on Cash Bank specifically to participate in the BTC donations.
Bitcoin Gifts are a Common Way to Promote Mainstream Adoption
Most pundits argue that donations are important to promote bitcoin adoption among people who know very little (or nothing) about crypto. This is because people tend to be emotionally invested in the success of the cryptocurrency if they have skin in the game.
Popular bitcoin advocates Tyler and Cameron Winklevoss from Gemini exchange offer a prize of 1 BTC in a fight back in July last year, in hopes of catapulting bitcoin into the mainstream.
Unlike Tesla’s botched Justin Sun gifts, Winklevii’s gifts were largely a success – as was Megan’s. Some of her fans disclosure that they plan to do some thorough research on crypto after receiving their very first bitcoin.