Binance Spot Trading Competition: Win $100,000 in BNB Rewards and VIP Swag
Binance has introduced an exciting spot trading competition where users can compete to win a portion of $100,000 in BNB rewards along with exclusive VIP merchandise from Binance. This competition is open to all users who achieve a minimum return on investment (ROI) of 1% during the specified activity period.
Activity Period
The competition will run from August 22, 2024, at 00:00 (UTC) to September 11, 2024, at 23:59 (UTC). To participate, users must opt-in by registering on the dedicated landing page. The ROI calculation will commence from the date of opt-in at 00:00 (UTC+0) throughout the activity period.
How to Participate
- Click the register button on the Binance landing page to opt-in.
- Engage in trading on Binance Spot products and achieve at least a 1% ROI.
- Accumulate a minimum trading volume equivalent to $1,000 on Binance Spot.
- Check your rankings on the leaderboard, which updates every 24 hours.
Rewards Structure
The distribution of rewards will be based on the final ROI leaderboard ranking at the conclusion of the activity period. Here is the breakdown of the reward structure:
- 1st place: $1,280 in BNB token voucher
- 2nd place: $880 in BNB token voucher
- 3rd place: $580 in BNB token voucher
- 4th-10th place: $380 in BNB token voucher each
- 11th-50th place: $180 in BNB token voucher each
- All other qualified participants with a minimum ROI of 5% will share a consolation prize pool valued at $87,400 in BNB rebate vouchers.
ROI Calculation
The formula for calculating Spot ROI is as follows:
Spot ROI calculation = (Final spot wallet balance – Initial spot wallet balance – Net deposit) / (Initial spot wallet balance + total deposit)
For example, if you have an initial spot wallet balance of 1,000 USDC, deposit 1 BNB at 500 USDC, and later sell 2 BNB at 600 USDC each, your ROI would be 20%.
Exclusive Bonus for VIP 0-3 Users
The top 10 qualifying VIP 0-3 users with the highest ROI and over $1M in trading volume on Binance Spot will receive a special Binance VIP Merchandise Gift Pack, featuring premium items. In case of shipping constraints, a $200 BNB token voucher will be provided instead.
Terms and Conditions
- Agree to the Activity Terms, Binance Terms and Conditions for Prize Promotions, Binance Terms of Use, and Binance Privacy Notice.
- Only users from eligible regions who complete KYC by the end of the activity period will be eligible for rewards.
- Trading volumes on certain trading pairs do not contribute to the total trading volume requirement for users in the EEA.
- Rewards will be distributed as token vouchers and rebate vouchers within three weeks after the competition ends, and token vouchers must be claimed within two weeks of distribution.
- Sub-account trading volumes will not be combined with master accounts for this competition.
- Binance reserves the right to disqualify participants engaged in fraudulent behavior or manipulation of the program.
- Binance retains the right to modify or terminate the competition at any time without prior notice.
Closing Thoughts
This competition is a testament to Binance’s commitment to providing engaging and rewarding opportunities to its users within the cryptocurrency trading realm. Get ready to showcase your trading skills and seize the chance to win attractive rewards and exclusive VIP swag!
By
By
By
By
By
By