Frequently Asked Questions on Binance Square “Write to Earn” Promotion
Frequently Asked Questions on Binance Square “Write to Earn” Promotion
2024-08-26 05:45
Binance Square’s "Write to Earn" promotion rewards content creators with up to 30% commission rewards for creating posts on the Square platform. Read on to learn more.
1. What is the Binance Square “Write to Earn” promotion?
“Write to Earn” rewards Binance Square creators who post qualified content on Square platform, for a chance to earn up to 30% trading fee commission from their readers' Spot, Margin, and/or Futures trades.
2. Who is eligible to participate in this promotion?
Binance Square creators who fulfill all of the following requirements during the Promotion Period will be eligible to participate in this promotion:
Publish qualified content pieces (i.e., short posts, long articles, or polls) on Binance Square.
Get up to 30% in trading fee commissions from regular and VIP 1 - 2 users’ Spot, Margin, and Futures trade(s) (excluding copy trading) when they complete the trade(s) directly after clicking on a coin cashtag (e.g., $BTC) or any of the coin price widgets in one of your qualified content pieces, as per the screenshot below.
4. What type of content counts as qualified?
Only short posts, long articles, videos, or polls published organically on Binance Square after users confirm their registration for the promotion will count as qualified content.
Note: Content pieces that contain Quiz Red Packets will not qualify for the commission rewards.
5. How can I enhance my content to earn rewards?
You can incorporate one of the following three elements when creating content on Binance Square:
Add a coin cashtag (e.g., $BTC) for the coin you mention to improve navigation and clarity.
Include a candlestick chart widget for the coin you mention to illustrate its market trend.
Talking about trending coins. The system will automatically detect and highlight any trending coins mentioned in your content.
When qualified readers who trade directly after clicking anywhere in your content, as shown in the screenshot below, you can earn up to 30% in commissions from their trading fees.
6. Can the system recognize the trending coin if I don’t use a coin cashtag or candlestick chart widget in my content?
The system may automatically detect the coins mentioned in your content. To ensure your content is as clear as possible, and to enhance the potential for earning rewards, we suggest adding a coin cashtag or including a candlestick chart widget when discussing or analyzing a specific coin.
7. How can I earn a higher commission rate from “Write to Earn”?
Basic Commission: Every eligible creator receives a 5% commission.
Bonus Commission: At the end of each week, Binance will rank all eligible creators based on the basic commission they earn, where the top 30 eligible creators of the week can earn a bonus commission as per the table below. Please note that the bonus commission is calculated and settled weekly.
Eligible Creators’ Rankings Based on the Basic Commission They Earned in a Week
Basic Commission
Bonus Commission
Total Commission
Top 1 - 10
5%
25%
30%
Top 11 - 30
5%
5%
10%
Other Eligible Creators
5%
N/A
5%
Note: Each week’s bonus commission is calculated independently, and does not affect the following week's commission.
Example:
User A ranked second during Week 1 (2024-08-26 to 2024-09-01). On top of the 5% basic commission, they will receive an extra 25% commission for Week 1, with a total of 30% commission.
User A ranked 100 during Week 2 (2024-09-02 to 2024-09-08). As they are not ranked on the top 1 - 30, they will only receive the 5% basic commission and no bonus commission for Week 2.
8. How and when will the rewards be distributed?
Binance will calculate the commission rewards at the end of each week, with the rewards distributed in FDUSD to qualified participants' Funding Wallets by the following Thursday at 23:59 (UTC).
You may view the distribution records from [Wallets]- [Funding] - [Transaction History] - [Pay].
Note:
Rewards will only be distributed if the weekly earned commission value is at least 0.1 FDUSD. The weekly commission rewards will be reset to zero at the end of each week if it's less than 0.1 FDUSD.
Each week runs from Monday, 00:00 (UTC) to Sunday, 23:59 (UTC). Each day runs from 00:00 (UTC) to 23:59 (UTC).
9. Where can I see updates on the rewards?
Once you accumulate at least 0.1 FDUSD of commission rewards each week, Binance Square will update your weekly performance on the promotion page on the following Thursday at 23:59 (UTC).
On the promotion page, you can view the overall rewards you've earned, your reward amount and commission ratio from the previous week, and the reward earned per each qualified piece of content. This gives you a comprehensive view of your rewards status and progress.
10. Am I eligible to receive commissions from my own transactions on Binance?
No, Binance Square creators will not be eligible to earn any trading fee commissions from their own Spot, Margin, or Futures trades.
11. Who will be counted as eligible readers for generating commissions on Binance?
Regular and VIP 1 - 2 users who execute trades directly after clicking on any section indicated in #5 within one of the participant creator’s qualified contents are considered eligible readers.
Note: Users must update their Binance app to version v2.81 or later to trade on the app.
12. Who are ineligible to participate or receive any rewards from this promotion?