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Frequently Asked Questions on Binance Pay Share Crypto Challenge

2022-08-30 02:23
Frequently Asked Questions
Terms & Conditions
Frequently Asked Questions
The Share Crypto Challenge is a game on Binance Pay. You can receive up to 100 BUSD rewards when you send crypto to your friends, or invite friends to send crypto to you. Every valid transaction will earn you energy points, which can be used to redeem vouchers.

Frequently Asked Questions

1. Am I eligible to participate in Share Crypto?
To participate in Share Crypto, you must have a verified Binance account that has completed Identity Verification.
2. Why can't I find Share Crypto in the Binance App?
Please make sure that your Binance App is updated (version 2.51.0 or above).
3. How to get energy points?
You can get energy points by sending crypto to friends who are also Binance users, or inviting your friends to transfer crypto to you. You may also invite friends who don’t have Binance Accounts by clicking the [Invite] button on the campaign page and sharing your invitation link with them. When your friends send you any cryptocurrency equivalent to at least $0.01, you will get more energy points.
4. How to invite more friends to participate or send me crypto?
You can share the campaign link or banner on your social media during the campaign period to invite more friends to participate.
5. How many energy points will I get from inviting friends and sending crypto to friends?
You can get more energy points by sending crypto to, or receiving crypto from, a New Binance User.
For Early Bird Promotion Users who Share and send crypto worth at least $0.01 equivalent to earn energy points. Energy point distribution will be in accordance with the “Early Bird Promotion Energy Points Table” for user who participate the campaign from 22 August 2022 00:00:00 - 24 August 2022 23:59:59 (UTC):
Early Bird Promotion Energy Points Table
Transfers involvingRequirementEnergy points earned
New Binance User (*) Invite New Binance User to send at least $0.01 equivalent to you via Binance Pay3 points
You send at least $0.01 equivalent to New Binance User via Binance Pay
New Binance Pay User (^) Invite New Binance Pay User to send at least $0.01 equivalent to you via Binance Pay0.5 points
You send at least $0.01 equivalent to New Binance Pay User via Binance Pay
Existing Binance Pay User Invite Existing Binance Pay User to send at least $0.01 equivalent to you via Binance Pay0.05 points
You send at least $0.01 equivalent to Existing Binance Pay User via Binance Pay
For user who participate the campaign after 24 August 2022 23:59:59 (UTC):
Normal Period Energy Points Table
Transfers involvingRequirementEnergy points earned
New Binance User (*) Invite New Binance User to send at least $0.01 equivalent to you via Binance Pay3 points
You send at least $0.01 equivalent to New Binance User via Binance Pay
New Binance Pay User (^) Invite New Binance Pay User to send at least $0.01 equivalent to you via Binance Pay0.01 points
You send at least $0.01 equivalent to New Binance Pay User via Binance Pay
Existing Binance Pay User Invite Existing Binance Pay User to send at least $0.01 equivalent to you via Binance Pay0.001 points
You send at least $0.01 equivalent to Existing Binance Pay User via Binance Pay
6. Is there a daily cap for getting extra energy points?
No. There is no limit on how many energy points you can earn in a day. However, sending crypto to the same person does not give you more energy. Each user can only get a maximum of 100 energy points during the campaign period. Please note that you can only earn energy points from each friend once. To earn more energy points, you can invite more friends to participate in the campaign.
7. How to make sure I can earn energy points for every transaction?
Sending crypto between friends can earn up to two times as much energy. However, if you send crypto to the same friend twice, you will only get energy once. Please note that you can only earn energy points from each friend once.
You can share your referral link or QR code to get more friends to participate and earn more energy points. Please ensure that the other party's Binance account is valid before sending crypto.
8. How are the rewards distributed?
You may subscribe to the campaign reminder. When your energy points reach 60, 80, or 100, the system will send you a notification for claiming rewards. Please redeem the reward before the campaign ends.

Terms & Conditions

1. Acceptance of terms and conditions
1.1 These terms and conditions (“Challenge Terms'') govern your  participation in the Binance Pay Share Crypto challenge organized by Binance Pay (“Challenge”). By participating in or playing this Challenge, you (“you” or “User”) agree unconditionally and irrevocably to be bound by, and shall be deemed to accept, these terms and conditions, and the following additional terms : (a) Binance Terms and Conditions for Prize Promotions (https://www.binance.com/en/pp-terms); (b) Binance Pay Terms of Use (https://pay.binance.com/en/terms); (c) Binance Terms of Use (https://www.binance.com/en/terms); and (d) Binance Privacy Policy (https://www.binance.com/en/privacy); all of which are incorporated by reference into these terms and conditions. If you do not agree to these terms and conditions, please do not access, participate in, or play this Challenge.  For the avoidance of doubt, capitalized terms used and not defined herein have the same meaning as given to such terms in the Binance Terms of Use.
1.2  In case of any inconsistency or conflict between these terms and conditions, and any other incorporated terms, the provisions of these Challenge Terms shall prevail, followed by the  following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Pay Terms of Use; (c) Binance Terms of Use; and (d) Binance Privacy Policy.
1.3 The rights and protections afforded to Binance under these terms and conditions are in addition and supplemental to the rights and protections afforded to Binance under all the other incorporated terms and conditions mentioned in paragraph 1.1 above (including, without limitation, the Binance Terms and Conditions for Prize Promotions).
2. Eligibility
2.1 A User must also satisfy the following criteria to be eligible to participate in this Binance Pay Share Crypto challenge: (a) User must be a natural person; and (b) User must have passed all Binance and Binance Pay account registration and identity verification/KYC checks (which may include, without limitation, the provision of full name and any other required information in accordance with ID card or passport), and successfully register for Binance and Binance Pay accounts. For clarity, Binance account here refers to a Binance.com account.
2.2 For clarity, this campaign is open to new and existing users of the Binance Pay application. All rewards and prizes given away as part of this campaign will be by way of vouchers, redeemable from the user’s Binance Pay account.
3. Challenge mechanics
3.1 Energy point distribution will be in accordance with the “Early Bird Promotion Energy Points Table” and “Normal Period Promotion Energy Points Table” below:
3.2 For Early Bird Promotion Users who Share and send crypto worth at least $0.01 equivalent to earn energy points. Energy point distribution will be in accordance with the “Early Bird Promotion Energy Points Table” for user who participate the campaign from 22 August 2022 00:00:00 - 24 August 2022 23:59:59 (UTC):
Early Bird Promotion Energy Points Table
Transfers involvingRequirementEnergy points earned
New Binance User (*) Invite New Binance User to send at least $0.01 equivalent to you via Binance Pay3 points
You send at least $0.01 equivalent to New Binance User via Binance Pay
New Binance Pay User (^) Invite New Binance Pay User to send at least $0.01 equivalent to you via Binance Pay0.5 points
You send at least $0.01 equivalent to New Binance Pay User via Binance Pay
Existing Binance Pay User Invite Existing Binance Pay User to send at least $0.01 equivalent to you via Binance Pay0.05 points
You send at least $0.01 equivalent to Existing Binance Pay User via Binance Pay
(*) “New Binance User” refers to users who register with Binance.com and get their accounts verified, AND complete their first transaction with Binance Pay as part of this Challenge, during the Challenge Period.
(^) “New Binance Pay User” refers to existing and verified Binance.com account holders who are new to Binance Pay, AND complete their first transaction with Binance Pay as part of this Challenge, during the Challenge Period.
3.3 For Normal Period Promotion Users who Share and send crypto worth at least $0.01 equivalent to earn energy points. Energy point distribution will be in accordance with the “Normal Period Promotion Energy Points Table” for user who participate the campaign after 24 August 2022 23:59:59 (UTC):
Normal Period Energy Points Table
Transfers involvingRequirementEnergy points earned
New Binance User (*) Invite New Binance User to send at least $0.01 equivalent to you via Binance Pay3 points
You send at least $0.01 equivalent to New Binance User via Binance Pay
New Binance Pay User (^) Invite New Binance Pay User to send at least $0.01 equivalent to you via Binance Pay0.01 points
You send at least $0.01 equivalent to New Binance Pay User via Binance Pay
Existing Binance Pay User Invite Existing Binance Pay User to send at least $0.01 equivalent to you via Binance Pay0.001 points
You send at least $0.01 equivalent to Existing Binance Pay User via Binance Pay
(*) “New Binance User” refers to users who register with Binance.com and get their accounts verified, AND complete their first transaction with Binance Pay as part of this Challenge, during the Challenge Period.
(^) “New Binance Pay User” refers to existing and verified Binance.com account holders who are new to Binance Pay, AND complete their first transaction with Binance Pay as part of this Challenge, during the Challenge Period.
3.4 You will be entitled to claim rewards of different amounts, depending on how many energy points you have earned at the end of the Challenge Period. The rewards distribution will be in accordance with the Rewards Table set out below:
Rewards Table
Points earned at end of Challenge PeriodRewards earned
Points earned 60 NIL
60 < Points earned < 80 20 BUSD
80 Points earned < 100 30 BUSD
Points earned 100 50 BUSD
3.5 This Challenge does not set a cap on the maximum number of energy points you can earn in a day. However, please note that you can only earn energy points for sending or receiving cryptos to/from unique individuals. i.e. if you have already earned points after sending crypto to (or receiving crypto from) person X, you cannot earn further points by sending crypto to (or receiving crypto from) the same person X.
3.6 After you redeem your points for rewards, the reward will be credited in the form of a cash voucher, and you will need to redeem it at the reward center.
3.7 The Challenge rewards are limited and will be on a first-come, first-served basis. The total amount of crypto rewards that will be given out as part of this Binance Pay Share Crypto Challenge (see the rewards mentioned in paragraph 3.3 above) is 100,000 BUSD.
3.8 You also acknowledge and agree that: (a) Binance reserves the rights to stop the event and/or change the prize upon Binance’s sole discretion at any time without prior notice; (b) Binance also reserves the right to cancel any prize(s) if it determines in its sole and absolute discretion, that such user or winner has breached any applicable terms and conditions; and (c) all decisions of Binance relating to and in connection with all aspects of this Challenge, will be final and conclusive and non-appealable.
3.9 You agree not to: 
(I) Create or use cheats, mods and/or hacks, or any other third-party software products that may change the result of this Challenge; 
(II) Use software that allows the mining of data or otherwise intercepts or collects information in connection with this Challenge; and
(III) Sell, buy, or trade user accounts or impersonate any other individual in connection with user accounts, and the foregoing shall include all circumventions, similar actions or actions that produce an effect that matches the aforementioned prohibitions.
3.10 Binance also reserves the right to disqualify users that are deemed to be coming from illegally bulk registered accounts.