Disclaimer: Digital asset prices can be volatile. Do your own research. See full terms here and our risk warning here. Binance Futures products are restricted to certain countries and to certain users. This communication is not intended for users/countries subject to restrictions.
The main point
The theme of the Binance Futures Grand Tournament 2023 is 'Welcome to the World of Cyber Futures'.
Tournament participants will have the opportunity to share in a bonus pool worth up to 1.8 million USDT.
The tournament registration period will be open from May 24 to 31. The competition will take place from 01 to 21 June 2023.
The Binance Futures Grand Tournament 2023 has three main components: Referral Challenge, Team Competition, and Individual Competition.
The Binance Futures Grand Tournament is back and bigger than ever!
The theme of the Binance Futures Grand Tournament 2023 is 'Welcome to the World of Cyber Futures'. The maximum bonus pool of this tournament is 1.8 million USDT and 1,400 limited edition NFTs. In this cyber world, whether you are an expert in all things crypto or a humble knowledge seeker – Binance Futures provides a virtual invitation to exchange wisdom, make new friends, and explore the cyber world's NFT ecosystem.
Note the date
Registration (May 24 - May 31): Users can register for the tournament and participate in the Referral Challenge to get a share of 1,400 Limited Edition NFTs & 10,000 USDT Futures Bonus Vouchers.
Competitions (June 01 - June 21): Main competitions will include Team Competition, Individual Competition and Welcome Reward.
Results: After June 21, results will be released once the competition period ends.
Hadiah Futures Grand Tournament 2023
The prize pool is divided into three main categories and the size is determined by the number of participants. The total prize pool will depend on the number of eligible participants. The more participants, the bigger the pool with a maximum ceiling of $1.8 million in USDT.
Grand Tournament Competition
The contest consists of three main elements: Referral Challenge, Team Competition, and Individual Competition.
Referral Challenge
Prize: 1,400 NFTs and 10,000 USDT futures bonus voucher
During the Referral Challenge phase, participants can earn points by completing various tasks.
All of these tasks include opening futures and options accounts, onboarding new users to participate in tournaments, executing put/call option orders, trading futures, sharing on social media, and creating grid futures trading strategies. Each action earns a certain number of points. Some actions that earn point rewards include:
Opening a Futures account gives you 8 points.
Referring non-Binance users earns you 4 points.
Referring existing Binance users rewards you with 3 points.
Daily trading volume in futures ≥ 5,000 USDT gives you a reward of 2 points.
Note: Points will be reset every day at 07.00 WIB, so you can continue to earn points consistently!
Every day, users who accumulate at least 15 points will be ranked based on the points they earned. The top 250 users will each receive a 5 USDT Futures bonus voucher. Additionally, 175 lucky participants who reach 8 points will be randomly selected based on the Challenge Rules to win an NFT Mystery Box.
There are 1400 limited edition NFT mystery boxes containing secret NFTs. These NFTs have varying rarity levels and can only be found on Binance NFT. NFTs from these tournaments can help multiply the points you earn from Team and Individual Competitions.
Team Competition
Prize: Pool bonus up to 1,200,000 USDT
After the collaborative success of the last trading tournament, this year's Futures Grand Tournament also allows traders to battle in groups.
Traders can form teams and pool their skills, ideas and strategies to maximize profitability within a specified time frame. During the competition period, teams that successfully establish themselves and then trade Binance Futures COIN-M and USDⓈ-M contracts will be ranked based on the team's total daily PNL amount.
A team's Daily PNL is calculated by adding up the PNL of the top 10 eligible team members who achieved a daily trading volume of at least 20,000 USDT.
The top 10 teams will receive rewards as outlined below:
Each team is led by a dedicated leader who plays a critical role in their success. Team leaders create community groups, offer valuable market analysis, and guide their team members on custom trading strategies for Binance Futures.
The total prize pool for each winning team will be allocated between the team leader and its members. Below are more details about the reward distribution within each group:
An allocation framework ensures that each participant on a successful team earns a fair share of the winnings. So, even if you don't rank among the team's top 10 profit contributors, you can still earn rewards by achieving sufficient trading volume.
Individual competition
Rewards: Bonus pool up to 300,000 USDT
In addition to team-based competitions, there is also the opportunity for individual traders to participate in the Futures Grand Tournament. Individual competitions focus on recognizing daily traders' Return on Investment (ROI) and their ability to achieve results.
To participate, traders must meet the eligibility criteria to maintain a minimum daily trading volume equivalent to 10,000 USDT across COIN-M and USDⓈ-M contracts on Binance Futures for 21 qualifying periods of 24 hours each starting June 01.
Welcome reward
Rewards: Bonus pool up to 300,000 USDT and 1 BNB
All new users involved in futures trading will have an equal opportunity to share the Welcome bonus pool. Additionally, among eligible users, one lucky winner will be selected based on the Challenge Rules to receive a reward of 1 BNB.
To be eligible for a Welcome Reward, you must meet the following criteria:
Make Futures trading for the first time between 05-24-2023 at 07.00 WIB and 06-22-2023 at 06.59 WIB.
Successfully enter the tournament to participate actively and compete to get attractive rewards.
Futures Bonus Center
Futures Grand Tournament 2023 also introduces the Futures Bonus Center which gives participants access to various packages on a first-come, first-served basis:
The first 10,000 new futures traders can each get a 5 USDT futures bonus voucher.
The first 1,000 tournament participants can purchase 10 USDT futures cashback vouchers for just 1 USDT.
Get ready to expand your network, gain insight into futures trading, earn unique NFTs and huge rewards, and set new trading milestones with your team!
Join the Futures Grand Tournament Now!
Futures Grand Tournament is only available to users who qualify for Binance Futures 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. Users are responsible for understanding and complying with any restrictions and/or requirements set forth in connection with access to and use of Binance Futures trading services in each country/region where the services are accessed. Binance reserves the right to change, modify or impose additional restrictions regarding access to and use of the Binance Futures trading service from time to time in its sole discretion at any time without notice. At its sole discretion, Binance also reserves the right to amend or change or cancel this announcement at any time and for any reason without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment may fall or rise. You may not get back the amount invested. You are fully responsible for your investment decisions. Binance is not responsible for any losses you may experience. Futures trading, in particular, is affected by market risk and high price volatility. All your margin balances may be liquidated in the event of extreme price movements. Past performance is not a reliable determinant of future performance. Before placing a trade, you should make an independent assessment of the appropriateness of the transaction taking into account your own objectives and circumstances, including the risks and potential rewards. Consult your own advisors, if necessary. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, read our Terms of Use and Risk Warning.
