This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to introduce a promotion for liquidity providers who qualify for the Spot Liquidity Provider Program from 2023-09-11 00:00 (UTC) to 2023-09-17 23:59 (UTC) (hereinafter referred to as “Qualification Period”). Eligible Spot Liquidity Providers can stand a chance to receive up to 5,000 USDT in token vouchers in this promotion.
Promotion Period: 2023-09-18 00:00 (UTC) to 2023-10-01 23:59 (UTC)
To successfully participate in this promotion, qualified liquidity providers need to confirm their participation and increase their average weekly eligible maker volume % of the total eligible Spot and Margin maker volume during the Promotion Period by at least 0.05 percentage points in comparison to the weekly eligible maker volume % of the total eligible Spot and Margin maker volume during the Qualification Period.
Please note that only maker trades on the following eligible Spot and Margin trading pairs will count toward the calculations of eligible maker volumes in this promotion.
Example:
A qualified liquidity provider’s weekly eligible maker volume % of the total eligible Spot and Margin maker volume during the Qualification Period is 0.10%.
To join this promotion, the liquidity provider’s average weekly eligible maker volume % of the total eligible Spot and Margin maker volume during the Promotion Period needs to reach at least 0.15%.
List of Eligible Spot & Margin Trading Pairs:
All eligible liquidity providers will then be ranked by their average weekly percentage increase in the proportion of their eligible maker volume on Binance Spot and Margin over the total eligible Spot and Margin maker volume attained by all liquidity providers during the Promotion Period, in comparison to that from the Qualification Period.
The top five liquidity providers will be eligible to receive rewards, as shown in the table below:
How to Participate:
Step 1: Click on the [Register Now] button at the activity page.
Step 2: Increase your average weekly eligible maker volume % by at least 0.05 percentage points during the Promotion Period, in comparison to your weekly eligible maker volume % during the Qualification Period (e.g., 0.10% to 0.15%).
Guides & Related Materials:
Terms & Conditions:
The promotion is only available to users who qualify as liquidity providers in the Binance Spot Liquidity Provider Program from 2023-09-11 00:00 (UTC) to 2023-09-17 23:59 (UTC) (i.e., the Qualification Period).
The promotion 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 informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Spot and Binance Margin trading services in each country from which the services are accessed.
Only maker trades on the aforementioned eligible Spot and Margin trading pairs will count toward the maker volume calculations in this promotion.
Binance reserves the right to delist any of the Spot or Margin trading pairs listed above during the Promotion Period. All eligible maker volumes will still be counted for the purposes of this promotion.
Calculation formula:
[Increase in average weekly eligible maker volume %] = [Average weekly eligible maker volume % during the Promotion Period] - [ Weekly eligible maker volume % during the Qualification Period].
[Average weekly eligible maker volume %] of each account = (Week 1’s [Weekly eligible maker volume %] + Week 2’s [Weekly eligible maker volume %] / 2 (weeks).
[Weekly eligible maker volume %] of each account = [Weekly eligible Spot and Margin maker volume] of each account / [Weekly eligible maker volume] of Binance Spot and Margin markets.
[Weekly eligible maker volume] = Sum of the seven [Daily eligible maker volume] during the week.
[Daily eligible maker volume] = Sum of eligible maker volumes on Binance Spot and Margin markets on the day.
Day: Each day runs from 00:00 (UTC) to 23:59 (UTC).
Week: Each week runs from 00:00 (UTC) on Monday to 23:59 (UTC) on Sunday.
Rewards Distribution:
Winners will be notified via email and inmail within 30 days after the end of the Promotion Period.
Token vouchers will be distributed to eligible liquidity providers within 30 days after the end of the Promotion Period. Users will be able to login and redeem their vouchers via Profile > Rewards Hub.
The validity period for the voucher is set at 14 days from the day of distribution. Learn how to redeem a voucher.
Binance reserves the right to disqualify user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).
Binance reserves the right to determine and/or amend or vary these Terms & Conditions, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done at its sole discretion for any reason, including:
Changes in applicable regulations or policies;
Obligations arising out of law or decisions issued by common courts or public administration;
Anti-money laundering or combating financing terrorism rules;
Technical issues beyond our control;
Necessity to protect users from potential losses;
Necessity to protect Binance from the loss of reputation;
Extraordinary events or circumstances beyond our control (force majeure).
Additional promotion terms and conditions can be accessed here.
For more dedicated VIP and Institutional services, please refer to this link.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-09-13
Note: This announcement was last updated on 2023-09-13 to add DOGEFDUSD, SOLFDUSD and XRPFDUSD to the list of eligible Spot and Margin trading pairs.
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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.
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