This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is thrilled to launch a new promotion for users on Referral ("Lite referral"). During the Promotion Period, all eligible users can participate in a maximum of six referral rounds to share a reward pool of 1,000,000 USDC and earn up to 1000 USDC in token vouchers each.
Promotion Period: 2024-09-30 04:00 (UTC) to 2024-12-07 23:59 (UTC)
How to Participate:
Step 1: Click to begin a new round on the Referral ("Lite referral") page.
Step 2: Share your Referral ID/Link with friend(s) who have not registered with Binance yet. Ensure that your referral(s) complete the following tasks during the same referral round after registering with Binance. Each completed task will boost your progress towards earning USDC rewards.
Task 1: Complete account verification (KYC); and
Task 2: Complete their first single trade on Binance Spot or Binance Convert, and ensure that the trade is worth more than $100.
Step 3: Each referral round will last for 10 days. Continue inviting new users and ensure that they complete the aforementioned tasks within the 10-day task period to reach 100% progress.
The rewards for each referral round will increase progressively, referrers will receive more rewards when they invite more friends. The reward structure is as follows:
How to Receive Rewards:
The completion of account verification (KYC) or first trade task by each newly invited user boosts the referrer’s progress by 0.005% to 10%. Users who have successfully reached 100% progress in a round will receive rewards in USDC token voucher.
Each eligible user can participate in a maximum of six referral rounds and earn up to 1000 USDC in token vouchers.
If a referrer fails to reach 100% of the rewards progress bar by the end of a referral round, the progress accumulated in that referral round will be void, and no USDC token vouchers will be distributed for that referral round.
During the Promotion Period, referrers can start a new referral round immediately once they have reached 100% of the rewards progress bar in their current referral round, even if this is before the expiration of the maximum allotted time of 10 days. Alternatively, users can start a new referral round once the allotted time for each referral round has passed.
Users will not be able to start a new referral round after the Promotion ends, however, those who are still in an ongoing referral round after 2024-12-07 23:59 (UTC), can continue referring their friends to Binance until the maximum allotted time of ten days has passed.
Note:
The total prize pool of this promotion is capped at 1,000,000 USDC in token vouchers. Rewards will be distributed on a first-come, first-served basis. Users will not be able to participate in the Promotion once all rewards are distributed, as all ongoing referral rounds will automatically be terminated thereafter.
Terms & Conditions:
Users in restricted regions are disqualified from participating in the Binance Referral Program as referrers or referred users.
Binance will use the price of the USDT trading pair at trading time to calculate the value of the trades completed on Binance Spot or Binance Convert during the Promotion Period. If there is no USDT pair for a specific cryptocurrency, it will be converted to another token or coin with a USDT pair to determine its value.
Each new user can only be referred to Binance via one referral mode. If a new user registers for a Binance account via the Referral ID/Link, the referrer will not be eligible for any commission rewards from Referral Pro Mode (“Standard Referral”).
USDC Token Voucher Rewards:
Referrers can boost their reward progress bar by 0.005% to 10% with every successful referral during the Promotion Period. The value of the boost will be determined by the referrer’s historical activity with Binance.
Sub-accounts cannot be used to participate in this promotion. Spot trades or Convert trades that are completed with a sub-account will not count toward the trading volume requirement.
Referrers who are eligible for any USDC token voucher rewards must complete account verification (KYC) no later than 10 days after the end of the Promotion Period to receive the corresponding rewards.
After the completion of each referral round, USDC token voucher rewards will be distributed within 48 hours to eligible referrers who complete account verification. Users will be able to log in and redeem their token voucher rewards via Profile > Rewards Hub.
The validity period to claim the token voucher is set at 14 days from the day of distribution. Users should redeem the token vouchers before the expiry date. Thereafter, the token vouchers will become invalid. Learn how to redeem a voucher.
Lite Referral Program’s Deposit Task:
Deposits made via sub-accounts, third-party payment methods or from another Binance account will not count toward the Lite Referral Program’s deposit task requirement.
Binance will use the real-time fiat currency to USD foreign exchange rates for calculating the USD value of deposits via fiat channels during the Promotion Period.
Both referrers and referrals may unlock the $100 Trading Fee Rebate Voucher reward via Profile > Rewards Hub within 48 hours after referrals successfully fulfill the Lite Referral Program’s deposit task.
Eligible referrers and referrals must claim their $100 Trading Fee Rebate Voucher reward within seven days after the rewards are distributed.
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 and revoke rewards for participants who engage in dishonest or abusive activities during the promotion, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.
At Binance's sole discretion, user participation will be considered without effect and users will automatically be excluded, disqualified and prevented from accumulating benefits, in cases where it is identified:
Any violations of Binance's Terms of Use and its Compliance Policies, as well as attempted or proven fraud, human and/or through the use of technology;
Manipulation of results or failure to fulfill the requirements and provisions set forth in these Terms and Conditions;
Completion, by the user, of incorrect, outdated, mistaken information or filled with untrue information, and may also be liable for the crime of ideological or documental falsehood;
Registrations and participations for which any technological means have been used or there are indications of their use, whether electronic, computerized, digital, robotic, repetitive, automatic, mechanical and/or analogous, with the intention of automatic and/or repetitive reproduction of registrations, identical or not, which will also result in the nullity of all registrations and participations made by the user who has used one of the aforementioned means or for one of the aforementioned purposes, even if not all registrations or participations have resulted from the use of such means and/or were carried out with such purpose.
Additional promotion terms and conditions can be accessed here.
Binance reserves the right of final interpretation of this promotion.
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
2024-09-30
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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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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