Popular rapper Megan Thee Stallion has teamed up with Square’s Cash App
to launch a $1 million Bitcoin giveaway on Twitter in partnership with
Square’s Cash App.
Cash App, the
Bitcoin-friendly payments application from U.S.-based financial services
company Square, has teamed up with Grammy-nominated rapper Megan Thee
Stallion on a $1 million Bitcoin (BTC) giveaway.
Megan
announced the promotional campaign via Twitter on Dec. 17. The post has
received more than 60,000 likes and 8,800 retweets at the time of
writing. The rapper encouraged her followers to post “#BITCOINMEG” in
order to be a part of the giveaway.
The post does not make it
clear how much BTC each person will receive, saying: “I’m giving $1
MILLION in Bitcoin to as many hotties as I can.” Numerous replies on
Twitter feature screenshots from winners indicating they had received
50,000 satoshis each, worth roughly $11.40 as of this writing.
It appears that many of Meg’s followers are not aware of the value of
the Bitcoin individual users receive, with replies to her post
containing ultrasound images of unborn babies, links to college
application forms, a variety of hard luck stories, and photos of smiling
children gathered by Christmas trees in a bid to tug on the rapper’s
heartstrings.
One user claimed to have purchased a Telsa after misreading that he would receive $50,000.
Amid the cries for assistance, computer science major “William
Clemente III” urged Megan’s followers to hodl their new-found satoshis, sharing an image detailing the inflation of German Marks relative to gold over the past century alongside the plea:
“Don’t
convert! The whole point of this is to raise understand of bitcoin.
Dollars are garbage. 30% of all dollars were printed THIS year. On the
other hand, the rate of new supply of BTC cut in HALF. Bitcoin will grow
exponentially agains the dollar because it’s scarce.”
The
campaign appears to have been largely successful in its aim of driving
Bitcoin and Cash App adoption among noncrypto natives, with many of
Megan’s fans stating they downloaded Cash App exclusively to participate in the giveaway, and others indicating they intend to research crypto further after receiving their first satoshis.
source link : https://cointelegraph.com/news/twitter-loses-its-mind-over-rapper-s-1m-bitcoin-giveaway-worth-11-each