Fellow Binancians,

Binance P2P is launching an exclusive promotion for Philippine users, which both new makers and takers on Binance P2P can participate in. Users who are eligible for Promotion A can stand a chance to win a trip to Boracay Island or share $1,800 in Gift Cards, while users who qualify for Promotion B can receive cashback on their trades, capped at $2 per user.

Activity Period: 2022-04-20 01:00 (UTC) to 2022-05-04 15:59 (UTC)

Promotion A: Trading Competition for New Makers

During the promotion period, new makers will be ranked based on their maker volume on Binance P2P, and the top 10 new makers can stand to share a prize pool, which includes a trip to Boracay, as well as a total of $1,800 in Gift Cards.

To be eligible for the rewards, makers must meet all the following requirements during the promotion period:

• Never traded as P2P Makers before 2022-04-20 01:00 (UTC).
• Process both buy and sell transactions as makers and achieve an overall order completion rate of at least 95%.
• Complete a minimum total maker volume of $1,500 equivalent by the end of the promotion period.
• Minimum of 80% of users traded with during the promotion period are unique users.

Rewards Structure

Ranking by Maker Volume	Reward
1st Place	Boracay Trip (valid for one person)
2nd Place	750 BUSD in Gift Card
3rd Place	350 BUSD in Gift Card
4th - 10th Places	100 BUSD each in Gift Card

Promotion B: Trade P2P and Win Exciting Rewards!

This activity is only open to new Binance P2P users who trade on Binance P2P for the first time as takers during the promotion period. A total of 575 new users who make their first Buy trade on Binance P2P, will receive cashback on their trades in BUSD tokens, based on their net deposit and trade volume during this period. Cashback rewards are available on a first-come, first-served basis, and capped at $2 in BUSD per user.

Min. P2P Deposit & Trade Volume	Reward Quantity	Cashback Reward (in BUSD)
$50	100	$2
$30	150	$1.50
$20	325	$1

Learn More About Binance P2P:

• What Is P2P Trading
• How to Buy Crypto on Binance P2P Platform
• How to Sell Crypto on Binance P2P Platform
• How to Post Ads on Binance P2P Platform

Terms and Conditions:

• The promotion is only available to Binance P2P users who are identified as Philippine users via KYC.
• Promotion A is for makers only, and Promotion B is for takers only. The rewards for Promotion A and B are mutually exclusive.
• Maker: When you place an ad that goes on the order book on p2p.binance.com, any subsequent trades coming from that order will be as a “maker.” These ads add liquidity to the order book, helping to "make the market", and are therefore termed the "maker" for any subsequent trades.
• Taker: When you place an order that trades immediately without going on the order book on p2p.binance.com, you are a taker. These trades are "taking" volume off the order book, and are therefore taker trades.
• Promotion A:
  • Verified merchants are not eligible to participate in this promotion.
  • The promotion is available to P2P trading activities in the following market only: PHP.
  • Winners of Promotion A will be announced on 2022-05-11 (UTC) via the Binance Filipino Facebook page and email.
  • Rewards in the form of Gift Cards will be distributed within two weeks after the promotion ends. Winners will receive an email with a unique redemption code, and can claim their gift cards on Binance App by visiting the homepage > Profile > Gift Card. Learn how to use a Gift Card.
  • The first prize winner to Boracay Island must claim the prize within seven days after the list of winners is released. The prize will be forfeited otherwise, and no refunds or cash equivalent value of the rewards will be granted.
    • The trip to Boracay Island is valid for one person only, from 2022-06-03 to 2022-06-05 (UTC).
    • The package will include return air tickets to Manila and accommodation in a five-star hotel in Boracay (three days, two nights with breakfast included). Land and sea transfers will take place at Caticlan Airport.
    • The winner must book their flight and hotel accommodation using the same email provided when completing KYC.
    • Other costs incurred during the trip, such as changing flight details, will be borne by the winner.
    • The winner needs to check COVID 19 travel requirements in Boracay before flying and comply with the requirements from the airlines.
    • Permission to enter Boracay Island should also be obtained before the trip takes place.
• Promotion B:
  • Rewards for Promotion B will be distributed in BUSD. The distribution will take place within two weeks after the promotion ends. You will be able to login and see your rewards via Wallets > Transaction History > Distribution.
  • Binance will use the local currency to USD foreign exchange rate at 2022-05-04 15:59 (UTC) for the calculation of the $50, $30 and $20 net deposit and trade volume requirements in Promotion B.
• Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
• Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.

Disclaimer: Your use of the Binance P2P services and all information and other content (including that of third parties) included in or accessible from the Binance P2P services is at your sole risk. Our only responsibility is to handle crypto transactions. All payments are final upon completion unless otherwise required by law. Binance P2P platform has neither the rights nor the obligations to resolve any disputes arising from a completed payment. Neither Binance P2P platform nor merchants shall be responsible for your loss in a completed payment.

Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.