This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Margin is excited to announce an Interest Fee Rebate Promotion for Regular and VIP 1 - 6 users. Eligible users who increase their Margin trading volume across any Margin products during the Promotion Period can stand to share a reward pool of 130,000 USDC in token vouchers.
Promotion Period: 2024-08-27 00:00 (UTC) to 2024-09-05 23:59 (UTC)
How to Participate
During the Promotion Period, eligible users who have registered for the Promotion and satisfy the new margin trading volume tiers listed in the table below can stand to receive USDC token vouchers. The rebate amount that qualified participants can receive corresponds to the relevant tiers, as per the table below:
How to Calculate New Margin Trading Volume:
New Margin Trading Volume = Aggregate Trading Volume during the Promotion Period - Aggregate Trading Volume in the 10 days preceding the start of the Promotion Period
For example, a user has traded a total volume of $2,500,000 in the 10 days preceding the start of the Promotion Period, and trades a total volume of $3,500,000 during the Promotion Period. This user is considered to have traded $1,000,000 in New Margin Trading Volume and thus qualifies for Tier 1 rewards.
For avoidance of any doubt, the 10 days preceding the start of the Promotion Period is defined as 2024-08-17 00:00 (UTC) to 2024-08-26 23:59 (UTC).
Terms and Conditions:
This Promotion is available for Regular and VIP 1-6 users only, who
Liquidity providers in the Binance Spot Liquidity Provider Program are not eligible to participate in the Promotion.
Eligible users will receive rewards based only on the highest tier achieved.
Rewards are distributed on a first-come, first-served basis. Qualifying users will be ranked based on the time of registration for this Promotion and rewarded up until 130,000 USDC token vouchers have been fully distributed.
The qualifying new Margin trading volume consists of the sum of incremental trading volumes across all Margin products in each user’s master and sub-accounts during the Promotion Period.
Please note that trades on any stablecoin-to-stablecoin and zero fee pairs, such as AEUR/USDT, BTC/FDUSD, BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, FDUSD/USDT, LINK/FDUSD, SOL/FDUSD, USDC/USDT, USDP/USDT and XRP/FDUSD will not count toward the trading volume requirement in this Promotion.
Trading volumes on all FDUSD and USDT trading pairs will not count toward the trading volume requirement for EEA users in this Promotion.
Rewards will be distributed in the form of token vouchers to eligible users within 21 working days after the end of the Promotion Period. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub.
All token voucher rewards will expire within two weeks after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a voucher.
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.
Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
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.
Binance reserves the right to disqualify any participants showing any signs of fraudulent behavior immediately (e.g., wash trading, bulk account registrations, self-dealing, market manipulation, and more).
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
2024-08-26
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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 and Risk Warning: Digital asset prices are subject to high market risk and price volatility. The information provided does not constitute, in any way, a solicitation or recommendation or inducement to buy or sell the products. The value of your investment may go down or up, and you may not get back the amount invested. Cross-margining contributes to providing greater leverage than a regular margin account, and greater leverage creates greater losses in the event of adverse market conditions. There is increased risk that a user's cross-margin positions will be liquidated involuntarily, causing possible loss. Comments and analysis do not constitute a commitment or guarantee on the part of Binance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. 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. This material should not be construed as financial advice. This product may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our Terms of Use and Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
