This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to introduce a promotion for liquidity providers who qualify for the Spot Liquidity Provider Program between 2024-01-15 00:00 (UTC) and 2024-01-21 23:59 (UTC) (hereinafter referred to as “Qualification Period”). Eligible spot liquidity providers will stand a chance to receive up to 5,000 USDT in token vouchers in this promotion.
Promotion Period: 2024-01-22 00:00 (UTC) to 2024-02-04 23:59 (UTC)
To successfully participate in this promotion, qualified liquidity providers need to confirm their participation and increase their weekly average eligible maker volume percentage of the total eligible Spot and Margin maker volume on Binance during the Promotion Period by at least 0.05 percentage point in comparison to that during the Qualification Period.
Depending on the Spot Liquidity Provider Program fee tier that qualified participants reach at the end of the Qualification Period, they will be separately ranked by their weekly average eligible maker volume percentage increase during the Promotion Period in comparison to that of the Qualification Period, as per the tables below.
Rewards Structure:
The top three Tier 3 and Tier 4 liquidity providers will be eligible to receive the following rewards:
The top ten Tier 1 and Tier 2 liquidity providers will be eligible to receive the following rewards:
Example:
A qualified liquidity provider’s weekly eligible maker volume percentage of the total eligible Spot and Margin maker volume on Binance during the Qualification Period is 0.01%.
To be entered into the leaderboard, the liquidity provider’s weekly average eligible maker volume percentage of the total eligible Spot and Margin maker volume on Binance during the Promotion Period should reach at least 0.06%.
Please note that only maker trades on the following eligible Spot and Margin trading pairs will count toward the calculations of eligible maker volumes in this promotion.
List of Eligible Spot & Margin Trading Pairs:
How to Participate:
Step 1: Click on the [Register Now] button at the activity page.
Step 2: Increase your weekly average eligible maker volume percentage of the total eligible Spot and Margin maker volume on Binance by at least 0.05 percentage point during the Promotion Period, in comparison to that during the Qualification Period (e.g., 0.01% to 0.06%).
Guides & Related Materials:
Terms & Conditions:
The promotion is only available to users who qualify as liquidity providers in the Binance Spot Liquidity Provider Program between 2024-01-15 00:00 (UTC) and 2024-01-21 23:59 (UTC) (i.e., the Qualification Period).
The promotion 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 Spot and Binance Margin trading services in each country from which the services are accessed.
Only maker trades on the aforementioned eligible Spot and Margin trading pairs will count toward the maker volume calculations in this promotion.
Binance reserves the right to delist any of the Spot or Margin trading pairs listed above during the Promotion Period. All eligible maker volumes will still be counted for the purposes of this promotion.
Calculation formula:
[Weekly average eligible maker volume percentage increase] = [Weekly average eligible maker volume % during the Promotion Period] - [Weekly eligible maker volume % during the Qualification Period].
[Weekly average eligible maker volume %] of each account = (Week 1’s [Weekly eligible maker volume %] + Week 2’s [Weekly eligible maker volume %]) / 2 (weeks).
[Weekly eligible maker volume %] of each account = [Weekly eligible maker volume] of each account on Binance Spot and Margin markets / [Weekly eligible maker volume] of all accounts on Binance Spot and Margin markets.
[Weekly eligible maker volume] = Sum of the seven [Daily eligible maker volume] during the week.
[Daily eligible maker volume] = Sum of eligible maker volumes on Binance Spot and Margin markets on the day.
Day: Each day runs from 00:00 (UTC) to 23:59 (UTC).
Week: Each week runs from 00:00 (UTC) on Monday to 23:59 (UTC) on Sunday.
Rewards Distribution:
Winners will be notified via email and inmail within 30 days after the end of the Promotion Period.
Token vouchers will be distributed to eligible liquidity providers within 30 days after the end of the Promotion Period. Users will be able to login and redeem their vouchers via Profile > Rewards Hub.
The validity period for the voucher is set at 14 days from the day of distribution. Learn how to redeem a voucher.
Binance reserves the right to disqualify user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations, self dealing, or market manipulation).
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 at its sole discretion for any reason, including:
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;
Extraordinary events or circumstances beyond our control (force majeure).
Additional promotion terms and conditions can be accessed here.
For more dedicated VIP and Institutional services, please refer to this link.
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
2024-01-12
