Competition period: 2020/08/27 00:00 AM (UTC) to 2020/09/03 00:00 AM (UTC)
Promotion A: Exclusive Prize Pool of 5,000 USD in BNB Tokens for New Registered Users
All users that register a new Binance account during the competition period and complete total trading volume (including both buys and sells on spot or margin) of 500 USDT or more in DeFi tokens will share an exclusive prize pool of 5,000 USD in BNB tokens.
Promotion B: Trade the Hottest DeFi Tokens, 45,000 USD in BNB to be Won
The following 9 DeFi tokens will be ranked by total spot and margin trading volume on Binance: COMP, MKR, SNX, LEND, REN, BNT, LRC, KNC & KAVA.
Users that complete total trading volume (including both buys and sells on spot or margin) of 15,000 USDT or more across the top 2 and bottom 2 DeFi tokens ranked by total trading volume across the competition period will share a prize pool of 45,000 USD in BNB tokens. Users need to make at least one trade in each of the top 2 and bottom 2 DeFi tokens to be eligible.
For example, if the top 2 DeFi tokens by trading volume are KAVA and LEND, and the bottom 2 DeFi tokens are LRC and RUNE, users that completed total trading volume (including both buys and sells) of 15,000 USDT or more across KAVA, LEND, LRC and RUNE will share the prize pool of 45,000 USD in BNB tokens.
Additional Margin Promotion Benefits:
- 0 borrowing interest on margin trading pairs.
- Trading volume completed via isolated margin will be multiplied by a coefficient of 3 for the purposes of this competition.
- All users that borrow DeFi tokens from Binance Margin will enjoy VIP+1 borrowing volume.
Terms & Conditions:
- If you don’t have a Binance account, click here to get a 10% trading fee discount. The 10% spot trading fee discount will remain valid as long as the Binance referral program is in place. The 10% futures trading fee discount shared by the inviter will last for 30 days from the date of Futures account activation.
- DeFi trading pairs applicable for the competition: COMP, MKR, SNX, LEND, REN, BNT, LRC, KNC and KAVA spot and margin trading pairs.
- This competition will measure trading volume in USDT.
- Binance will use the average price of BNB/USDT trading pairs during the competition period as the BNB/USDT exchange rate used for distribution.
- Sub-account and margin account trading volume will be combined with the master accounts standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
- Trading volume counts both buys and sells, excluding any wash trades.
- Binance reserves the right to disqualify trades that are deemed to be wash trades or illegal bulk registration accounts, self-dealing or display attributes of market manipulation, etc.
- Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards via Distribution History > Wallet > Account Center.
- Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
Risk warning: Cryptocurrency investment is subject to high market risk. Binance is not responsible for any direct, indirect or consequential losses as a result of the trading competition. Please make your investments with caution.