Dear Binancian,
In response to our users’ demand for more variety in trading contest mechanics, Binance is pleased to launch its first limited-time spot trading contest based on your trading performance. This contest is open to all users who trade on Binance’s Spot trading product and achieve at least 1% ROI during the contest period. Join now for a chance to win up to USD$1,280 worth of BNB. In total, USD$100,000 worth of BNB vouchers and special Binance VIP goodies will be given away as part of the contest!
Contest Period: 08/22/2024 00:00 (UTC) to 09/11/2024 23:59 (UTC) (hereinafter, the “Contest Period”)
How to participate?
Register by clicking on the [Register] button on the home page.
Your ROI (return on investment) generated on our spot trading product will be calculated from the day of your registration at 00:00 (UTC+0) during the Contest Period.
Accumulate the equivalent of at least $1,000 in trading volume on our Spot trading product, while having a positive ROI of at least 1% on your trading performance, and be ranked based on your ROI during the Contest Period.
The rankings can be viewed in the dashboard on this homepage, whose data is updated every 24 hours.
How to win?
Rewards will be distributed based on the ROI ranking established at the end of the Activity Period, according to the following reward structure:
1st Place: $1,280 in BNB Token Voucher
2nd place: $880 equivalent in BNB token voucher
3rd place: $580 equivalent in BNB token voucher
4th to 10th places: $380 BNB token voucher each
11th to 50th places: $180 BNB token voucher each
All other qualifying entrants with a positive ROI of at least 5% will receive an equal share based on a total consolation prize pool valued at $87,400 in BNB vouchers. The consolation prize is capped at $10 in BNB vouchers per winner.
Calculating Return on Investment (ROI):
Spot ROI Calculation = Return/Investment = (Spot Portfolio Ending Balance - Spot Portfolio Starting Balance - Net Deposit)/(Spot Portfolio Starting Balance + Total Deposit)
Example: User A has an initial Spot Wallet balance of 1,000 USDC on the day of registration for the campaign at 00:00 (UTC+0), which consists of 1,000 USDC and 0 BNB. After registering for the promotion, he/she deposited 1 BNB (when BNB was trading at 500 USDC) and purchased 2 BNB at 500 USDC each. He/she then sold his/her 2 BNB for 600 USDC each before the end of the campaign. Calculating the ROI above and assuming that BNB is at 600 USDC at the time of calculation. User A’s ROI will be as follows:
Spot ROI Calculation: (1,800 USDC (for holding 1 BNB at 600 USDC and 1,200 USDC for selling 2 BNB) - 1,000 USDC (Initial Spot Wallet Balance) - 500 USDC (Net Deposit of 1 BNB deposited at 500 USDC)) / ((1,000 USDC (Initial Spot Wallet Balance) + 500 USDC (1 BNB deposited at 500 USDC)) = 20%
Exclusive bonus for VIP users 0-3:
The first 10 eligible VIP 0-3 users with the highest ROI and over $1 million in trading volume on Binance Spot during the Contest Period will each receive a Binance VIP goodie set consisting of a pair of Open Run Pro earphones, a travel bag, a blanket, a cap, and a pair of socks.
Note: *If for any reason we are unable to send you the full set of Binance VIP goodies, we may, at our sole discretion, provide you with $200 BNB token vouchers instead.
Enter the ROI Contest Now!
General conditions:
These specific promotion terms and conditions (hereinafter, the “Specific Terms”) govern users’ participation in this trading competition (hereinafter, the “Promotion”). By participating in this Promotion, users agree to these Specific Terms and Conditions.
In the event of any inconsistency or conflict between the Specific Terms and the Binance France General Terms, these Specific Terms shall prevail.
Trading volumes on all FDUSD, TUSD and USDT trading pairs will not be counted towards your trading volume calculation. You must trade on USDC pairs in order to participate in the Promotion.
If multiple users share the same leaderboard, they will have to share the respective reward pool of that leaderboard equally.
Distribution of rewards:
Rewards will be distributed in the form of token vouchers and discount vouchers within three weeks after the end of the Promotion. Winners will be able to log in and claim their token voucher rewards via Profile > Rewards Area.
Token vouchers will expire within two weeks of distribution. Eligible users must claim their vouchers before the expiration date. How do I claim a voucher?
Exclusive bonus for VIP users 0 to 3:
The Binance VIP Team will contact the winners via the email address associated with their Binance account within 30 business days after the promotion ends.
Prize will be forfeited if winner does not respond within five days of receiving email. Winners must provide a valid shipping address and will be subject to payment of taxes, if applicable.
If for any reason we are unable to deliver all Binance VIP goodies to you, we may, at our sole discretion, provide you with vouchers worth $200 each in BNB token vouchers within 30 business days after the end of the promotion.
The consolation prize is capped at $10 in BNB vouchers per winner.
Users not registered on Binance can click here to create a Binance account and enjoy a 10% discount on Spot trading fees. The 10% discount on Spot trading fees will remain valid as long as the Binance Referral Program is in place.
Binance reserves the right to disqualify any participant who tampers with Binance's systems code or interferes with the operation of Binance's systems using other software.
The trading volume of sub-accounts will not be combined with the standard trading volume of the main account in the final calculation. The different sub-accounts will not be considered as independent accounts when you participate in this activity.
Binance reserves the right to disqualify the user's reward eligibility if the account is involved in dishonest behavior (e.g., wash trading, illegally mass-registered accounts, risky accounts, self-trading, or market manipulation).
Thank you for your support!
The Binance Team
22/08/2024
Risk Warning: Prices of digital assets can be volatile. The value of your investment may go down as well as up and you may not get back the amount you invested. You are solely responsible for your investment decisions and Binance is not responsible for any losses that may result from your use of margin trading. Margin trading involves substantial risks and increases both losses and profits. Past performance is not a reliable indicator of future performance. Your entire margin balance may be liquidated in the event of adverse price movements. This information should not be considered 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
