Dragonbite is organising a Grand Giveaway with a Ferrari California as a first prize. This follows the launch of $BITE token on Uniswap in June and to promote the staking of its crypto currency.

DragonBite aims to revolutionise the loyalty program industry by allowing people to swap their reward points from participating loyalty programs into digital assets.

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.

A total of 31 winners will be drawn randomly from the entrants on September 3, 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?”.

DragonBite chose a Ferrari California for its association to sophistication, luxury and speed. By offering a supercar to a follower, 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 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 31, 2021 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 3, 2021.

For further information about the rules, eligibility criteria, terms and conditions, please visit the dedicated webpage on DragonBite’s website or watch this video trailer.

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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