Connect with us

Business News

Super Rewards Season 2: Ecobank Shares N1.25m to First Set of Weekly Winners

Published

on

ecobank retail bank

By Modupe Gbadeyanka

The first set of weekly beneficiaries of N25,000 each in the second edition of the Super Rewards campaign of Ecobank Nigeria has emerged.

Advertisement

The winners shared N1.250 million and more customers of the bank will win a similar amount every week for four months.

The Super Rewards Season kicked off in October 2021 and will run till January 31, 2022. It was relaunched after it successfully ran for four months in its first edition.

During the duration of the second season, about 800 customers will win N25,000 weekly and at the end of the campaign, four millionaires will emerge in each of the four regions of Lagos, FCT/North, Mid-West/South West and South-South/South East regions, by winning the grand prize of N1 million each.

Advertisement

A customer can, however, be rewarded more than once provided they fulfil the conditions for eligibility.

In addition, a referral scheme has been introduced to this current season, enabling customers of the bank to earn money when they refer other people to open accounts.

Announcing the winners in Lagos, the Head of Consumer Banking at Ecobank Nigeria, Mrs Korede Demola-Adeniyi, said the Super Rewards scheme is part of the bank’s loyalty initiatives, noting that the beneficiaries are spread across many customer segments and geographical locations in the country.

Advertisement

She noted that the winners have since been contacted, reiterating that participation is open to both new and existing customers of the bank.

She also advised the public that this is the perfect time to open an Ecobank Savings or Current Account or reactivate and fund a dormant account to qualify for the reward and enjoy a first-rate banking experience.

Mrs Demola-Adeniyi enjoined existing customers to earn a referral commission by introducing family members, friends and colleagues as new customers to participate in the campaign.

Advertisement

The Ecobank Super Rewards Campaign requires new customers to open an account with a minimum of N5,000 and maintain the deposit for a 30-day period; the same condition applies to existing customers, who only need to fund their active account with a minimum of N5,000 or reactivate their dormant account with a minimum of N5,000 and maintain the deposit for a 30-day period.

Customers can withdraw funds from their accounts during the campaign period but will only qualify for the reward if they maintain a minimum balance of N5,000 in their accounts. Other details of the campaign are available at www.ecobank.com/superrewards.

Advertisement

Business News

El Salvador Buys Additional 150 BTC as price Falls Below $50,000

Published

on

El Salvador Bitcoin

Many in the cryptocurrency community are now calling the President of El Salvador a Chief Executive Officer (CEO) as he has managed his country like a CEO would a company. He has now allocated his ‘company’s’ treasury into Bitcoin, as he aims to ‘Buy the dip’, anytime there is a price drawdown in the asset class.

Advertisement

Today ‘CEO’ Nayib Bukele took to Twitter to announce that his ‘company’, El Salvador, just bought an additional 150 BTC, adding to the 100 BTC the Latin American nation bought when Bitcoin’s price fell below $60,000.

He stated, “El Salvador just bought the dip! 150 coins at an average USD price of ~$48,670 🥳 #Bitcoin 🎄” He further explained that he missed the bottom as Bitcoin traded as low as $42,874.62 according to coinmarketcap. He stated, “missed the f***ing bottom by 7 minutes.”

What you should know

This purchase puts El Salvador’s Bitcoin reserve at a total of 1,270 BTC, which is worth nearly $61.6 million at the time of writing. On the 26th of November, just 8 days ago, the President announced the purchase of 100 BTC.

The Salvadorean government game plan includes withdrawing unrealized BTC gains in U.S. dollars to fund various developmental projects while maintaining the overall value of the central reserve.

Advertisement

President Nayib Bukele first announced that El Salvador would be making their first major BTC purchase on the eve of the country’s Bitcoin Law going into effect on Sept. 7, buying 200 BTC when the price was roughly $52,000. The nation has seen added 1,020 BTC, with the nation buying whenever there has been a major sell off in the price of Bitcoin.

Nayib Bukele has proposed several initiatives in the country around Bitcoin adoption and mining. The government has started construction of the infrastructure to support the state-issued Bitcoin wallet, Chivo, and recently unveiled plans to launch its own Bitcoin City at the base of a volcano, funded initially by $1 billion in Bitcoin bonds.

Conclusion

Since the adoption of Bitcoin as a legal tender, the Salvadoran government has been investing gains onto various infrastructure development projects. In mid-October, the President announced that the $4 million from the profits of their Bitcoin Trust will be used to construct a new veterinary hospital in the capital, San Salvador. Early November, Bukele announced that the surplus earned from the state’s Bitcoin Trust account will be used for constructing 20 new schools.

Advertisement

However, Many Salvadorans have pushed back against the crypto initiatives, specifically protesting Bukele and Bitcoin. In September, residents marching through the capital city destroyed one of the Chivo kiosks and defaced the remains with anti-BTC logos and signs.

Source: NairaMetrics

Advertisement
Continue Reading

Business News

Superalgos is the go to hub for day traders – Luis Molina, CEO

Published

on

Luis Molina

The SA token is the native token of the Superalgos platform. It was recently launched on PancakeSwap, a decentralized exchange (DEX), under the ticker ‘SA’. The launch comes after four years of development with tens of thousands of downloads during the open beta phase as the community builds up liquidity pools for its native Superalgos token on the DEX.

Advertisement

Molina says, “Our token is a community token and it represents how much you have contributed to the project. The difference between the SA token and other tokens is that others use their token to incentivize security for their respective networks while we don’t need security for our network because our token runs on someone else’s network. What we do is we use 100% of the incentivization power of each token to incentivize contribution to the platform. In the first four years, the contribution was in the form of codes to the codebase to create these tools. We are transitioning to allowing people contribute trading intelligence in the form of indicators, strategies and also signals. The platform will be set up where people will be running bots which produces signals for traders and putting them in the Superalgos network for everyone to benefit.”

Molina concluded by telling us more about the Superalgos application and how traders can benefit from the #1 platform on GitHub. He also gave hints about his top five cryptocurrencies. Click here to watch the full interview.

Advertisement

Source: NairaMetrics

Continue Reading