Megan Thee Stallion ran a $1 million Bitcoin giveaway on Twitter

Megan Thee Stallion ran a $1 million Bitcoin giveaway on Twitter
December 21
09:00 2020

Megan Thee Stallion partnered with Cash App, a payments application, to launch a giveaway of $1 million in Bitcoin on Twitter. Cointelegraph.com reports that the singer encouraged her followers to participate using the hashtag “#BITCOINMEG”.

It looks like the famous rapper did not specify how much each follower will receive in the giveaway. As a result, many fans became confused. The source reports that people posted screenshots on Twitter where they only received 50,000 satoshis, which is about $11.50. Creating the giveaway is a great initiative. However, perhaps indicating a specific amount could help the followers get a better idea of what to expect.

The source suggests, however, that receiving prizes with high monetary value was not the goal of the giveaway. Instead, the aim was to attract attention to Bitcoin and cryptocurrency in general. Since many followers downloaded Cash App for the first time, it attracted many users unfamiliar with crypto. Moreover, some fans felt inspired to do more research into blockchain.

This was a legitimate Bitcoin giveaway, but earlier this year social networks saw different types of giveaways that turned out to be scams. The most notable was a July scam on Twitter. Back then, three individuals hacked accounts of high-profile figures to scam Bitcoin out of followers. In the tweets, the hackers asked users to send Bitcoin promising to give back twice as much. Affected accounts included Elon Musk, Bill Gates, Jeff Bezos, Barack Obama, and Warren Buffet, among others. The hackers were arrested.

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