To celebrate TRC20-USDT deposits being enabled on Binance.com, Binance and the TRON team have committed to provide 16% APR on TRC20-USDT deposits for users, as well as a 160,000 TRC20-USDT prize pool for a net deposits ranking competition.
Competition period: 2019/10/01 0:00 AM to 2019/10/21 0:00 AM (UTC).
Promotion A: Deposit TRC20-USDT and Earn 16% APR
All users with net deposits (deposits minus withdrawals) of at least 100 TRC20- USDT on Binance.com during the promotion period will automatically earn 16% APR on their net deposit amount over this period.
Promotion B: Net Deposits Competition, 160,000 TRC20-USDT to Win!
All users will be ranked in terms of total TRC20-USDT net deposits on their Binance account (deposits minus withdrawals) during the promotion period and will split 160,000 TRC20-USDT according to the rewards structure below:
1st Place will receive 50,000 TRC20-USDT
2nd Place will receive 30,000 TRC20-USDT
3rd Place will receive 20,000 TRC20-USDT
4th-20th: equally split a pool of 60,000 TRC20-USDT
Terms and Notes：
- You will be able to see your net deposits, cumulative rewards and rank after October 9th, 2019.
- Calculation formula: Daily interest received = Net TRC20-USDT deposits X Daily holding time ÷ 24hours X 16% APR ÷ 365 days
- Each full day refers to 0:00 AM to 0:00 AM (UTC) of the next day, a full 24 hours. the minimum unit of valid holding time for earning rewards is 1 hour. For instance, 2 hours and 45 minutes is considered as 2 hours holding time.
- Net TRC20-USDT deposits = TRC20-USDT deposits minus withdrawals. Withdrawals include TRC20-USDT, OMNI-USDT and ERC20-USDT. Users may trade the TRC20-USDT that is deposited.
- Sub-accounts and master accounts will be treated as one account when participating in this activity.
- Participants are eligible to win prizes across both promotions above.
- Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards via Distribution History > Account Center.
- Binance reserves the right to cancel or amend the competition or competition rules at our sole discretion.
Risk warning: Cryptocurrency investment is subject to high market risk. Binance is not responsible for any direct, indirect or consequential losses as a result of the trading competition. Please make your investments with caution.
