Dear Binance Community Members,

Binance NFT launches VIP program for NFT users on 06/01/2023 at 08:00 UTC. The program will provide additional benefits to all NFT users.

The program consists of two parts: the VIP program for NFT traders and the VIP program for NFT holders. Traders participating in the NFT Trader VIP Program will automatically qualify for an upgraded VIP level for NFT users if they meet the 30-day NFT sales volume and 30-day NFT trading volume requirements. NFT holders will be able to qualify for an automatic NFT User VIP level upgrade if they meet the average daily NFT asset balance value requirement over the last 30 days under the NFT Holder VIP Program.

VIP NFT users will have access to reduced trading fees on the Binance NFT Marketplace, as well as additional VIP levels on Binance (up to VIP-4 depending on the NFT user's VIP level). Thanks to this, more users will be able to access benefits that were only available to Binance VIP users, including reduced spot and futures commissions, key account services, and exclusive invitations to Binance events.

Note. Only eligible NFT collections will count toward the NFT VIP Program requirements. A full list of eligible NFT collections is listed here.

VIP Program Requirements for NFT Traders


NFT User VIP Level

Requirements for VIP NFT Traders

VIP benefits for NFT traders

NFT Sales Volume for 30 Days (USDT Equivalent)

and or

NFT trading volume for 30 days (USDT equivalent)

Trading commissions on

Binance NFT marketplace

Increased VIP level on Binance

VIP 1

≥ 10 000

and

≥ 20 000

0,90%

VIP 1

VIP 2

≥ 50 000

and

≥ 100 000

0,80%

VIP 2

VIP 3

≥ 100 000

and

≥ 200 000

0,70%

VIP 3

VIP 4

≥ 180 000

and

≥ 360 000

0,60%

VIP 4

VIP 5

≥ 270 000

and

≥ 540 000

0,50%

VIP 6

≥ 360 000

and

≥ 720 000

0,40%

VIP 7

≥ 450 000 

and

≥ 900 000

0,30%

VIP 8

≥ 540 000 

and

≥ 1 080 000

0,20%

VIP 9

≥ 630 000

and

≥ 1 260 000

0,10%

VIP Program Requirements for NFT Holders


NFT User VIP Level

Requirements for VIP NFT Holders

VIP benefits for NFT holders

Average daily value of NFT asset balance over the last 30 days (USDT equivalent)

Trading commissions on

Binance NFT marketplace

Increased VIP level on Binance

VIP 1

≥ 100 000

0,90%

VIP 1

VIP 2

≥ 250 000

0,80%

VIP 2

VIP 3

≥ 500 000

0,70%

VIP 3

VIP 4

≥ 1 000 000 

0,60%

VIP 4

Notes:

  • Users who meet the requirements of one part of the program will be able to automatically receive an upgrade to the corresponding VIP level of NFT users daily at 08:00 (UTC). Users do not need to apply to participate in the program.

  • Users can visit their Binance NFT profile and check their current NFT user VIP level. If a user meets the requirements of both parts of the NFT User VIP Program, they will be subject to the maximum NFT User VIP level.

  • All NFT VIP users will also be able to receive a VIP level upgrade on Binance to VIP-4 based on the latest NFT user VIP level at 08:00 UTC each day according to the tables above. Current Binance VIP Levels 1-9 will be able to take advantage of reduced trading fees on the Binance NFT Marketplace as they will automatically qualify for VIP Levels 1-9 of the NFT User Program.

    • For example, Binance VIP-9 and NFT VIP-9 will receive the same discounts when trading on the Binance NFT Marketplace. The same applies to VIP-8 level holders on Binance and VIP-8 under the NFT user program and so on.

  • VIP program for NFT traders

    • The 30-day NFT sales volume and 30-day NFT trading volume requirements for the VIP NFT Trader Program will only count purchases and/or sales of NFTs from eligible collections, if any. Full details of participating collections are available in the commissions section.

    • 30-Day NFT Sales Volume is the USDT equivalent value of all eligible NFT sales made by a user on the Binance NFT Marketplace in the last 30 days.

    • 30-Day NFT Trading Volume is the USDT equivalent value of all eligible NFT purchases and sales made by a user on the Binance NFT Marketplace over the past 30 days.

    • Binance will use the real-time USDT rate after an NFT buy/sell order is executed in the daily calculation of 30-day NFT sales volume and 30-day NFT trading volume.

  • VIP program for NFT holders

    • Only NFT assets from eligible NFT collections will be counted toward the average daily balance value of NFT assets over the last 30 days of the NFT Holder VIP Program. A full list of participating collections is available in the commissions section.

    • Binance will take a snapshot of all eligible NFT asset balances in user accounts daily at 04:00 UTC. Binance will then calculate the daily balance value of participating users' NFT assets and the average daily balance value of NFT assets over the past 30 days based on the minimum NFT price of all participating NFT collections as of 04:00 (UTC) according to the formulas below.

      • Balance value of participating NFT assets per day = [(Number of NFTs from participating collection 1 x minimum price of collection 1 at 04:00 (UTC) + ... (Number of NFTs from participating collection N x minimum price of NFT collection N at 04:00 (MSK)].

      • Average daily balance of NFT assets for the last 30 days = sum of the value of NFT asset balances per day for the last 30 days / 30 (days)

Additional information about the Binance NFT Marketplace

  • VIP Program for NFT Users on Binance

  • How to Start Using the Binance NFT Marketplace

  • How to Buy NFTs on the Binance NFT Marketplace

  • How to Sell NFTs on the Binance NFT Marketplace

Terms and conditions

  • To participate in the VIP program for NFT users, you must be verified.

  • Binance has exclusive rights to determine NFT asset balances, NFT trading volume, and metrics related to the NFT User VIP Program. Binance reserves the right to review and finalize level adjustments based on internal requirements.

  • When calculating trading volume, purchases and sales are taken into account, with the exception of wash trading.

  • Binance reserves the right to disqualify a program participant if it detects dishonest or fraudulent activity (such as wash trading, illegal mass account registration, signs of merchant self-dealing, or market manipulation).

  • Detailed information about the commission structure for other products and services is available in the section Commission Structure for VIP Users.

  • Binance reserves the right to cancel and make changes to the program and its rules at its sole discretion.

  • If the translation and the original English version of the terms differ, the English version shall prevail.

Thanks for support!

Binance command

29.05.2023

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Binance reserves the right, at its sole discretion, to edit, modify or cancel this announcement at any time and for any reason without prior notice.

Risk warning. The value of your NFT may fall or rise. NFTs are subject to high market risk. Binance is not responsible for verifying the authenticity, legality, or originality of NFTs. NFTs are not regulated in many countries. You must ensure that you are allowed to use the Binance NFT marketplace. For more details, please review the Binance NFT Terms of Use, Binance Terms of Use, and Risk Disclosure.