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Web 3.0 Special Edition: Share 10% Income with Binance Margin and Crypto Loans

2021-12-13 07:22
Promotion Period: 2021-12-14 00:00 (UTC) to 2021-12-20 23:59 (UTC)
Promo A: Trade Web 3.0 Tokens on Margin to Share 10% Fee Income
During the promotion period, all users that complete an average daily net trading volume of at least 10,000 BUSD or equivalent on HNT, FIL, DOT and/or KSM margin trading pairs, will be eligible for the rewards. Reward amount is based on the user's average daily net trading volume as a proportion of all eligible users’ average daily net trading volume on the eligible trading pairs.
Promo B: Borrow Web 3.0 Assets on Crypto Loans to Share 10% Interest Income
During the promotion period, all users that complete an average daily net borrowing volume of at least 10,000 BUSD or equivalent on HNT, FIL, DOT and/or KSM on Crypto Loans, will be eligible for the rewards. Reward amount is based on the user's average daily net borrowing volume on the eligible assets as a proportion of the average daily net borrowing volume on the eligible assets by all eligible users.
Terms & Conditions:
  • Each day runs from 00:00 AM to 11:59 PM (UTC).
  • Margin Reward Calculation Formula:
Reward of an Eligible User = Margin’s fee income from the eligible assets within the promotion period * 10% * User’s average daily net trading volume on the eligible assets within the promotion period / All eligible users’ average daily net trading volume on the eligible assets within the promotion period
  • Loans Reward Calculation Formula:
Reward of an Eligible User = Crypto Loans’ interest income from the eligible assets within the promotion period * 10% * User’s average daily net borrowing volume on the eligible assets within the promotion period / All eligible users’ average daily net borrowing volume on the eligible assets within the promotion period
  • If the user's average daily net trading/borrowing volume on all eligible assets is more than 30,000 BUSD, it will be counted as 30,000 BUSD.
  • The 10% fee income, 10% interest income and average daily net borrowing/trading volume will be calculated based on the price of the BUSD trading pairs of the eligible assets on Binance at 00:00 AM (UTC) each day within the promotion period.
  • Snapshots will be taken at 00:00 AM (UTC) each day to record the user's daily trading/borrowing volume.
  • Rewards will be distributed in BUSD token vouchers within 2 weeks after the promotion ends. You will be able to log in and redeem your voucher via Account > Reward Center.
  • The validity period for the voucher is set at 14 days from the day of distribution. Learn How to Redeem a Voucher.
  • Binance will combine sub-account’s trading/borrowing volume with the master account’s standard trading/borrowing 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 illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
  • Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits and rates.
  • Please refer to Loan Data for a list of the most updated crypto assets and further information on specific limits and rates.
  • Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
Risk Warning: Margin trading carries a substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movement. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Margin.

Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.