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Binance Futures Copy Trading Lead Trader Growth Plan

Binance Futures Copy Trading Lead Trader Growth Plan

2023-11-07 02:18

What is the Lead Trader Growth Plan?

Binance Futures Copy Trading launched the Leader Trader Growth Plan to better define the paths for growth and benefits for new and existing lead traders.
1. Standard benefits
1.1 Lead trader standard benefits
  • 200 copy trader slots;
  • A 10% profit share from their copy traders; and
  • A 10% commission from their copy traders’ trading fee (please refer to the T&C for details).
  • A tailored weekly newsletter that provides personalized performance data, your ranking among all lead traders, and news on the latest Binance Copy Trading offerings.
1.2 Binance Affiliates standard benefits
  • A 30% commission generated from your referees’ copy trading volume;
  • Other Affiliates benefits.
  • Trading volume generated from lead trading will be counted towards their USDⓈ-M Futures trading volume.
2. Whale newbies
Eligible new lead traders can enjoy a 15% profit sharing from their copy traders for one week. This applies to users who:
  • Register for a lead trader account after 18 March 2024, 00:00 UTC;
  • Maintain a lead margin balance ≥ 50,000 USDT;
  • Manage an AUM (Assets Under Management) ≥ 100,000 USDT;
  • Maintain a 90-day MDD (Maximum Drawdown) ≤ 25%.
3. Copy trader slots/minimum copy amount upgrade
Qualified lead traders that are collaborative and demonstrate a steady growth can enjoy more copy trader slots and a higher minimum copy amount for both the fixed amount and fixed ratio modes. Eligibility is determined based on the following criteria, subject to approval:
  • Portfolio's runtime ≥ 15 days;
  • Portfolio is currently copied by ≥190 copy traders;
  • Portfolio has no "high leverage" tag (indicating that ≥ 20x leverage hasn't been used in the past 7 days);
  • Maintain a lead margin balance ≥ 10,000 USDT;
  • Maintain a 90-day MDD (Maximum Drawdown) ≤ 25%.
3.1 Sharpe Star and Mega Whale benefits
Lead traders qualifying as either Sharpe Star or Mega Whale can increase their copy trader slots to 400. The minimum copy amount for copy traders (fixed amount/fixed ratio mode) will be increased to at least 50 USDT/500 USDT respectively. Eligibility is determined based on the following criteria, subject to approval:
  • Sharpe Star
    • Maintain a Sharpe Ratio ≥ 8.0 (Sharpe Ratio will be displayed on your portfolio after a 30-day runtime);
    • Maintain a lead margin balance ≥ 10,000 USDT.
  • Mega Whale
    • Maintain a lead margin balance ≥ 500,000 USDT.
4. Lock-up period feature
Eligible lead traders will have the option to establish a 0-day, 7-day, 15-day, or 30-day lock-up period for their portfolio. During this period, copy traders won’t be able to stop copying, adjust portfolio stop loss, or transfer out their assets. Qualified lead traders will be automatically enrolled in the lock-up period feature prior to the upcoming Tuesday at 23:59 UTC.
  • Portfolio is currently copied by ≥ 300 copy traders;
  • Maintain a lead margin balance ≥ 10,000 USDT.
5.1 Elite Trader Badge: Lead traders will be automatically awarded a tier-specific badge once they fulfill the following criteria:
Criteria
Cadet
Champion
Master
Legend
Minimum Number of Copy Traders in a Portfolio
400
600
800
1,000
Minimum AUM of Copy Traders in a Portfolio (USDT)
≥ 400,000
≥ 600,000
≥ 1,000,000
≥ 2,000,000
5.2 Additional Elite Trader Benefits: Lead traders can claim the benefits associated with each tier corresponding to their badges. Benefits corresponding to tier-specific badges are subject to approval.
Advanced Features & Exclusive Benefits
Regular Lead Trader
Elite Lead Trader
Cadet
Champion
Master
Legend
Profit Sharing Ratio
10%
Up to 12%
Up to 15%
Up to 20%
Up to 30%
Increase Minimum Copy Amount of Copy Traders
x
Lock-up Period Feature
x
Adjust Margin Balance Cap of Lead Trader
x
Adjust Margin Balance Cap of Copy Traders
x
Private Portfolio Access
API Rate Limit20 orders/10 seconds20 orders/10 seconds20 orders/10 seconds40 orders/10 seconds40 orders/10 seconds
Option to Use a NFT Profile Picture
Opportunity to Be a Binance Live Host or Guest
x
Chatroom Member Cap
1,000
1,000 as default (could be increased)
Portfolio Exposure
✓✓
✓✓
✓✓✓
✓✓✓

Terms and Conditions

  • The performance of qualified participants in each benefit will be reviewed on a weekly basis (Tuesday 00:00 UTC to Monday 23:59 UTC).
  • Binance Futures Copy Trading team will contact participants with qualified weekly performances via the social media handle(s) provided in the application form by Tuesday before 23:59:59 (UTC).
  • Data presented in the portfolio details will be used by the Binance Futures Copy Trading team to assess performance and determine eligibility for the benefits.
  • The tailored weekly newsletter is provided via email to active lead traders who have ongoing portfolio(s), a verified email address, and are subscribed to the mailing list.
  • To access benefits #2, #3, #3.1, #3.2, and/or #5.2, an application must be submitted through the designated link. The Binance Futures Copy Trading team will only contact qualified lead traders via the social media handle(s) provided in the application form.
  • All metrics related to the program are measured by Binance at its sole and absolute discretion. Binance reserves the rights to the review and final approval of tier adjustments, in line with internal requirements.
  • Caps apply to each benefit. Please refer to the respective program pages for their Terms and Conditions. For example, There is a cap for the weekly 10% trading fee commission. The system will take snapshots of each copy portfolio’s margin balance at 00:00 UTC on Mondays. The cap is calculated as: min[Total Trading Fee * 10%, Copy Portfolio Margin Balance * 3% * 10%]
  • Approved benefits are not granted indefinitely. Binance reserves the right to conduct periodic reviews and promote and demote accounts for tier adjustments, in line with internal requirements.
  • Binance reserves the right to, at its sole discretion, promote and demote accounts within the program.
  • Binance reserves the right to, at its sole discretion, cancel or amend the program or program rules.
  • Binance reserves the right to, at its sole discretion, amend or cancel this program at any time and for any reasons without prior notice.
  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. 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. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. Trading by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance is not a reliable indicator of his/her future performance. Content on our platform does not contain advice or recommendations. This material should not be construed as financial advice. To learn more about how to protect yourself, visit our Responsible Trading page. Copy trading is restricted in certain countries and to certain users. This content is not intended for users/countries to which restrictions apply. For more information, see our Terms of Use and Risk Warning.