Binance and the NEO team have committed a total of 70,000 USD in NEO tokens as prizes to celebrate the successful launch of Flamingo.
Competition period: 2020/10/13 0:00 AM to 2020/10/19 23:59 (UTC)
Promotion A: NEO Deposit Promo - 30,000 USD in NEO Prize Pool
All users that have a net deposit amount (Deposit minus Withdrawal) of 100 NEO tokens or more to their Binance account from a non-Binance external source will share a pool of $30,000 in NEO tokens. The rewards will be split based on each userâs net deposit amount as a proportion of total net deposit amount of all qualified users during the competition period.
Reward Calculation:
The reward for each qualified user = (Each userâs net deposit amount / all qualified usersâ total net deposit amount) Ă $30,000 in NEO tokens.
Promotion B: NEO Trading Competition - 20,000 USD in NEO Prize Pool
Users will be ranked based on the total trading volume within their Binance account (including both buys and sells) across all NEO trading pairs during the competition period.
The reward structure is as follows:
- 1st place: 8,000 USD in NEO tokens
- 2nd place: 4,000 USD in NEO tokens
- 3rd place: 3,000 USD in NEO tokens
- 4th-10th place: split 5,000 USD in NEO tokens equally
Promotion C: NEO Trading Promo: Share a Bonus of 20,000 USD in NEO tokens
All users with a total trading volume (including both buys and sells) of 300 NEO or more during the competition period will equally share a prize pool of 20,000 USD in NEO tokens.
Additional Margin Promotion Benefits:
- 0% borrowing interest on NEO margin trading pairs.
- Trading volume completed via isolated margin will be multiplied by a coefficient of 3.
- All users that borrow NEO from Binance Margin will enjoy VIP+1 borrowing volume.
Terms & Conditions:
- Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and redeem your voucher via Account > Reward Center.
- The validity period for the cash voucher is set at 7 days from the day of distribution.
- How to Redeem a Cash Voucher
- If you donât 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.
- Participants that win rewards in Promotion B will not be eligible to receive rewards from Promotion C.
- Binance will use the average closing price at 11:59:59 PM (UTC) of NEO/USDT trading pairs during the competition period as the NEO exchange rate used for distribution.
- Trading volume counts both buys and sells, excluding any wash trades, across all NEO spot and margin trading pairs.
- 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.
- 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..
- 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.