[PRESS RELEASE – Hong Kong, Wednesday, August 11th, 2021]
Following the launch of $BITE token on Uniswap in June and to promote the staking of its cryptocurrency, Dragonbite is organizing a Grand Giveaway with a Ferrari California as a first prize.
DragonBite aims to revolutionize the loyalty program industry by allowing people to swap their reward points from participating loyalty programs into digital assets and to bring attention to their project the team has launched a Grand Giveaway, where – in addition to the Ferrari – participants can win 10 test drives of supercars, 5 iPhone 12 pros, 5 Airpods and thousands of $BITE to 31 winners drawn randomly from the entrants on September 3rd, 2021.
The Ferrari prize is a tongue-in-cheek reference to the popular crypto meme “When Lambo?” For DragonBite, they’re interrupting the recurrent question, part of the nascent crypto culture and a shorthand for crypto success often asked to project owners and denoting when will the coin be worth enough for them to afford the car. DragonBite hopes to intercept this fun meme but replace it for their campaign with “When Ferrari?”
Although Lamborghinis have a bit of a “get rich quick and die out fast” connotation, DragonBite chose a Ferrari California for its association to sophistication, luxury, and speed. By offering a supercar to one of his followers, the team aims to give back to its community and bring awareness and users to its project.
“We are grateful for the support received by our private and retail investors,” says Elvan Yau, COO of DragonBite. We raised US$ 2.7 millions from private rounds in Q1 2021 and the response from our TGE in June was good despite the market downturn at the time. As the DragonBite Dapp launch is scheduled in Q4 2021, we thought this summer was the perfect time to thank our community and keep engaging with it through a boundless campaign”.
To enter the lucky draw, hodlers are invited to buy and stake $BITE in one of the 3 staking pools hosted on MANTRA DAO, BitMart, and PolkaBridge before August 31st and fill out a form on DragonBite’s website after following the project on its social media.
DragonBite is expecting to attract 3,000 participants over the summer and the winners will be announced live on September 3rd. For further information about the rules, eligibility criteria, terms and conditions, please visit the dedicated webpage on DragonBite’s website.
About DragonBite
DragonBite is a fully integrated ecosystem of decentralized financial services built on interoperable technologies, and with many aspects of the ecosystem collectively controlled by its members. Its governance mechanism is predicated upon 2 digital tokens called BITE and BITE Point.
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