Upbit Celebrates Chuseok with Digital Asset Giveaway Event

Chuseok Digital Asset Giveaway: 10,000 Winners to Receive Bitcoin

In honor of Chuseok, Dunamu, the operator behind South Korea’s leading cryptocurrency exchange, Upbit, has unveiled an exciting "Chuseok Digital Asset Gift Event." Running until October 12, the event offers a chance for 10,000 participants to win ₩10,000 KRW worth of Bitcoin (BTC).

Participants can enter the giveaway by utilizing Upbit's innovative "Phone Number Withdrawal" feature to send digital assets to friends or family. The Bitcoin prizes will be distributed on a first-come, first-served basis, so early participation is key.

To join, users need to navigate to the "Chuseok Event" page via the Upbit website or mobile app and confirm their participation by clicking the "Participate" button. The next step involves entering a recipient’s phone number and completing a digital asset transfer. Once the recipient accepts the gift by clicking the "Receive" button—required within 72 hours—the event entry is finalized. Each participant is limited to receiving the promotional Bitcoin reward once, irrespective of how many transactions are initiated.

2 BTC Prize Pool with Special Incentives for New Users

The celebration doesn't end with the giveaway for 10,000 users. Upbit has also introduced a lucrative 2 BTC prize pool to incentivize both new and existing users.

Participants have a shot at winning 1 full Bitcoin by inviting a first-time user to register on Upbit using the "Phone Number Withdrawal" feature during the event. Every successful invitation increases the inviter’s odds, with winners chosen via a random draw.

Additionally, Upbit rewards one lucky individual with another 1 Bitcoin. This reward is reserved for a new user who receives a digital asset gift for the first time and completes their Upbit account registration and verification process during the promotion.

Simplifying Crypto Transfers: The "Phone Number Withdrawal" Feature

A central innovation behind Chuseok’s event is Upbit’s recently launched "Phone Number Withdrawal" feature. Introduced in September, this tool allows users to transfer digital assets within the platform swiftly and seamlessly, requiring only the recipient's real name and phone number. By eliminating the need for complex wallet addresses, the feature makes crypto transactions significantly more user-friendly.

The process is hassle-free, offering instant and fee-free transfers, while recipients are notified via SMS or KakaoTalk. To claim their assets, recipients must click the provided "Receive" link within 72 hours. Importantly, people who are not yet Upbit users can still receive digital assets, provided they complete the necessary registration and customer verification steps after receiving the gift.

The ability to incorporate personal messages with each transfer adds a thoughtful dimension, allowing users to create meaningful cryptocurrency gifts.

Event Details and Final Opportunities

All information related to the Chuseok promotion, including specific conditions and updates, can be found on Upbit's official website.

An Upbit spokesperson emphasized the unique nature of the celebration, saying, “The ‘Phone Number Withdrawal’ feature provides an easy and heartfelt way to gift digital assets, complete with personalized messages. This Chuseok, we encourage users to explore this innovative solution for sharing cryptocurrency gifts that are not only unique but deeply meaningful.”

With opportunities to win Bitcoin and simplified transaction processes, Upbit’s Chuseok promotion positions itself as a standout event for driving engagement and adoption in South Korea's dynamic cryptocurrency landscape.