This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
As part of the ‘Spot Traders League’, Binance is excited to launch a spot ROI trading competition for all regular and VIP 1 to 6 users. Eligible users can trade any eligible tokens during the Promotion Period to share $1,500,000 in BNB token vouchers.
Promotion Period: 2024-10-08 00:00 (UTC) to 2024-10-28 23:59 (UTC)
How to Join:
Opt-in to the Promotion by clicking the [Register Now] button on the landing page.
Accumulate at least $500 equivalent in trading volume on Binance Spot, with a positive ROI of at least 1% in your Binance Spot Trading performance.
Eligible participants will be ranked based on their ROI percentage during the Promotion Period. The top 200 qualifying participants will stand to share $1,500,000 in BNB token vouchers, as per the prize pool below.
The Binance Spot Trading ROI will be calculated starting from 2024-10-08 at 00:00 (UTC+0) during the Promotion Period. Rankings can be checked through the leaderboard on this landing page, with data updated on a 24 hours basis.
Prize Pool:
The Spot ROI Trading Competition features a dynamic prize pool of up to $1,500,000 in BNB token vouchers. The total number of *eligible participants will determine the final prize.
Note: An *eligible participant refers to a user who has confirmed participation in the Binance Spot Traders League and trades a total spot trading volume of at least $500 equivalent during the Promotion Period.
Rewards Structure:
ROI Calculation:
Spot ROI calculation = Return / Investment = (Final spot wallet balance - Initial spot wallet balance - Net deposit) / (Initial spot wallet balance + total deposit)
Example: User A has an initial spot wallet balance of 1000 USDC on the day of campaign opt in at 00:00 (UTC+0), which consists of 1000 USDC and 0 BNB. After opting in to the promotion, he deposited 1 BNB (when BNB was at 500 USDC) and bought 2 BNB at 500 USDC each. He then sold his 2 BNB for 600 USDC each before the campaign ended. Using the above ROI calculation and assuming BNB is at 600 USDC at the time of calculation. User A’s ROI will be as such:
Spot ROI calculation: (1800 USDC (from holding 1 BNB at 600 USDC and 1200 USDC from sale of 2 BNB) - 1000 USDC (Initial spot wallet balance) - 500 USDC (Net deposit of 1 BNB deposited at 500 USDC)) / ((1000 USDC (Initial spot wallet balance) + 500 USDC (1 BNB deposited at the price of 500 USDC)) = 20%
Terms & Conditions:
All verified users who click the [Register Now] button on the tournament page by the end of the Promotion Period and fulfill the aforementioned criteria may successfully qualify to participate in the Promotion.
This Promotion is only available to eligible users who are enabled for Binance Spot trading, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements.
Trading volumes on all FDUSD, TUSD, and USDT trading pairs will not count toward the trading volume requirement for EEA users in this Promotion.
Trading volume of all USD stablecoin trading pairs with zero trading fees, as well as any other trading pairs with zero trading fees, will be excluded from final trading volume calculation.
Liquidity providers in the Binance Spot Liquidity Provider Program are not eligible to participate in the Promotion.
Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Spot trading services in each country from which the services are accessed.
Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of Binance Spot trading services from time to time in its sole discretion at any time without notification.
Binance will use the BNB/USD closing price on 2024-10-28 exchange rate for rewards distribution. Please note that the actual value of rewards received is subject to change due to market fluctuation.
All token voucher rewards will be distributed to successful participating users within 21 working days after the end of the Promotion Period. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub.
All token voucher rewards will expire within two weeks after distribution. Successful participating users should claim their vouchers before the expiration date. Learn how to redeem a voucher.
Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.
Binance reserves the right to disqualify trades that are deemed to be prohibited trading activities, including but not limited to, churning, pump-and-dump schemes, ramping, wash trading and other market manipulation aimed at creating a false representation of price and/or quantity, illegal bulk account registrations, self-dealing, etc.
Binance reserves the right at any time in its sole and absolute discretion to terminate, and/or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this Promotion, changing the eligibility terms and criteria, the selection and number of winners, and/or the timing of any act to be done, and all participants shall be bound by any such amendments.
Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.
Additional promotion terms and conditions can be accessed here.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-10-08
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Where copy trading involves futures, trading in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement.
You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. Trading by following and/or copying the trades of other traders involves a high level of risk, even when following and/or copying the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. Copy trading is restricted in certain countries and to certain users. This content is not intended for users/countries to which restrictions apply. For more information, see our Terms of Use and Risk Warning.
