🚀In addition to the traditional trading competition, Binance futures participants can participate in the Copy Trading Competition and the Trading Bots Competition.
👉 Registration for the Futures Tournament team. ✅🔥
UNLEASH THE POWER OF FUTURES
On Monday, September 27, Binance Futures, the world's leading cryptocurrency derivatives exchange, unveiled the long-awaited Binance Futures Major Trading Tournament. With the largest prize pool in the tournament's history, participants have the chance to compete for up to $2 million USD.
This exciting evolution of the tournament features new competitions that are in line with Binance's latest innovations. In addition to the traditional trading competition, participants can take part in the Copy Trading Competition and the Trading Bots Competition. This expansion further aligns with Binance's commitment to offering its users a diverse trading experience.
Additionally, the tournament starts today and will run for four weeks until December 24, 2023. To encourage early participation, they have introduced a week-long Early Bird Challenge that allows participants to complete challenges and claim exclusive Binance Futures bonus vouchers.
The stage of the competition, which lasts three weeks, consists of several categories, each of which has a separate prize fund:
Team Credit: Up to $1,250,000
Copy Trading Competition: Up to $350,000
Trading Bot Competition: Up to $200,000
Newcomer Welcome Bonuses: Up to $200,000
Notably, Binance Futures grand tournaments emphasize teamwork, maintaining the spirit of friendly competition and cooperation in the crypto community. The dynamic nature of the prize pool is tied to the number of entrants with the goal of reaching a maximum total prize pool of $2 million. Binance encourages active community participation to take competition to new heights.
Binance futures to reward different teams
Binance Futures will evaluate and distribute rewards based on team competitiveness, trading competition, trading bot competition, etc. Below is a breakdown:
🧿Team Competition Rewards: Teams will be awarded based on their cumulative daily PNL (Profits and Losses) during the competition period. Team Daily PNL is determined by aggregating the daily PNL of the top 10 eligible users on the team who accumulate the highest PNL on futures.
1st place: 20% of the team prize fund
2nd place: 15% of the team prize pool
3rd place: 10% of the team prize pool
4-10 places: 35% of the team prize fund is divided equally
11-20 places: 20% of the team prize fund is divided equally
🧿Copy Trading Competition Awards: The Copy Trading Competition includes two segments: the Top Traders Competition and the Copy Traders Vote. Top traders' portfolios are ranked by PNL on USDⓈ margin futures, with the top 10 competing for weekly rewards. Copy Traders voting involves users voting for top traders they prefer.
Rating of leading traders:
1st place: 25% of the weekly prize fund
2nd place: 15% of the weekly prize fund
3rd place: 10% of the weekly prize fund
4th place: 6% of the weekly prize fund
5th place: 4% of the weekly prize fund
6-10 places: 10% of the weekly prize fund equally
Voting of copy traders (30% of the prize pool):
Users with a daily trading volume of 1000 USDT in futures or copies are eligible to vote.
Voters divide the prize fund proportionally depending on the number of votes cast.
🧿Trading Bot Competition Awards: Participants who create Futures Grids trading bots will also showcase their bots and be judged based on the ROI of the trading bots created.
1st place: 25% of the prize pool
2nd place: 15% of the prize pool
3rd place: 10% of the prize pool
4-20 places: equal distribution of 50% of the prize fund
🧿Welcome Reward: New Binance Futures users also have a chance to share a welcome prize pool of up to $200,000 in USDT simply by trading a minimum of 100 USDT in futures volume during the contest phase. In addition, one newbie will receive a special reward of 1 BNB.
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