This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
We are excited to announce an exclusive promotion for new Futures users in the MENASA region, with 55,000 FDUSD in rewards! The campaign gives all new Binance Futures traders an opportunity to learn, practice, and share rewards by participating in 4 promotions, including a Futures quiz, a Mock Trading competition, a Copy Trading task, and a Futures trading competition.
Promotion Period: 2024-09-27 06:00 (UTC) to 2024-10-11 06:00 (UTC)
All eligible new Futures users* can register for the Promotion, read the learning materials below, and participate in a Futures quiz designed exclusively for beginners. The first 1,000 users who complete the quiz and answer all questions correctly will share 5,000 FDUSD in token vouchers on a first-come, first-served basis.
Learning Materials:
*Eligible new Futures users refer to users who have never traded on Binance Futures before the start of the Promotion Period.
All eligible new Futures users* who register for the Promotion and create at least one new mock trading portfolio will be ranked by the total Profit and Loss (PnL) of their top 10 positive-PnL mock trading portfolios during the Promotion Period. Qualified participants will then be eligible to share 10,000 FDUSD in token vouchers, as per the table below.
Reward Structure:
How to Start Futures Mock Trading
Step 1: To access Mock Trading, go to Binance Futures and click [Log In] or [Register Now] to create a new Binance Futures account.
Step 2: Click [Profile] - [Mock Trading] located at the top-right corner of the Futures trading interface.
Step 3: Click [Continue] to create a Binance Futures account.
Step 4: In the mock trading environment, you will be prompted to create a new portfolio. Click on "Create Portfolio" and follow the instructions to set up your mock trading account.
Step 5: The system will automatically allocate a virtual amount of funds (3,000 USD) to your mock trading portfolio. These virtual funds can be used to simulate real trading conditions without any financial risk.
For more details, refer to the Mock Trading FAQs.
*Eligible new Futures users refer to users who have never traded on Binance Futures before the start of the Promotion Period.
All eligible new Futures users* who register for the promotion, create their first copy trading portfolio, successfully copy at least one trade, and reach a total investment amount of at least 100 USDT during the Promotion Period will stand a chance to share 15,000 FDUSD in token vouchers under the Loss Protection Coverage for losses incurred by their first copy trading portfolio, as per the table below. Rewards will be distributed on a first-come, first-served basis, based on the first copy portfolio open date**.
How Does Loss Protection Work:
If the portfolio's loss amount is lower than 10 FDUSD, the user's subsidy will be the calculated loss amount (in FDUSD).
If the portfolio's loss amount is higher than 10 FDUSD, the user will receive a 10 FDUSD subsidy.
How to Start Futures Copy Trading
Step 1: Log in to your Binance account and go to [Futures].
Step 2: Select [USDⓈ-M Futures] or [COIN-M Futures] from the dropdown menu.
Step 3: Click [Copy Trading].
Step 4: Choose a portfolio to copy. Users may filter portfolios by their Return on Investment (ROI), PnL, Maximum Drawdown (MDD), etc.
Notes:
*Eligible new Futures users refer to users who have never traded on Binance Futures before the start of the Promotion Period.
**First copy portfolio open date refers to the date when the first copy portfolio was copied/opened.
All eligible new Futures users* who register for the Promotion, make their first Futures trade, and achieve a cumulative Futures trading volume of at least 1,500 USDT or equivalent, will be ranked by their total Profit and Loss (PnL) during the Promotion Period. Qualified participants will then be eligible to share 25,000 FDUSD in token vouchers as per the table below.
Overall Rewards Structure:
*Eligible new Futures users refer to users who have never traded on Binance Futures before the start of the Promotion Period.
Terms and Conditions
Only verified users from eligible MENASA regions who click [Register Now] on the Promotion page during the Promotion Period may qualify for rewards from these Promotions (“Eligible Users”).
For avoidance of doubt, these promotions are only available to Eligible Users who are enabled for Binance Futures and Binance Futures Copy Trading services, 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 informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Futures and Copy Trading services in each country from which the services are accessed.
Users may qualify for rewards from all promotions where applicable.
Promotion B - Mock Trading Competition:
Participants can only create up to 10 mock portfolios at the same time.
Participants’ total PnL during the Promotion Period must be positive to be qualified to enter into the rankings of the Promotion.
Promotion C - Copy Trading Task (Loss Protection Coverage):
Users can only copy up to 10 portfolios at the same time.
Participants’ total PnL for the first Copy Trading Portfolio during the Promotion Period must have a loss to be eligible for loss protection coverage.
Rewards Distribution:
FDUSD token voucher rewards will be distributed to eligible users within 14 working days after the Promotions end. Users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub.
The validity period for vouchers is set at 30 days after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem voucher rewards.
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).
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 if it is justified due to important reasons, including but not limited to:
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.
Additional promotion terms and conditions can be accessed here.
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
2024-09-26
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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.
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Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. 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, see our Terms of Use and Risk Warning.
