This is a general advertisement and the products and services referred to may not be available in your area.
Hello dear Binance members,
Binance is pleased to offer an offer to liquidity providers that qualify for the Instant Liquidity Provider Program from 09-11-2023 at 00:00 (UTC) to 09-17-2023 at 23:59 (UTC) (hereinafter referred to as the “Qualification Period”). ). Eligible instant liquidity providers can have a chance to get up to 5,000 USDT in token vouchers in this offer.
Join the show now!
Offer Period: 09-18-2023 at 00:00 (UTC) to 10-01-2023 at 23:59 (UTC)
To successfully participate in this Offer, Eligible Liquidity Providers must confirm their participation and increase their Eligible Average Weekly Market Making Volume (%) of the total Eligible Spot and Borrow Market Making Volume (%) during the Offer Period by at least 0.05 percentage points compared to their Eligible Weekly Market Making Volume (%) %) of the total volume of the spot and borrowing market industry during the qualification period.
Please note that only the following eligible spot and put double market maker trades will be counted towards qualifying market maker volume calculations in this offer.
Example:
The ratio of the weekly market making volume of a qualifying liquidity provider to the total spot and borrowing market making volume during the qualification period is 0.10%.
To join this Offer, the Liquidity Provider's average weekly eligible market making volume during the Offer Period must be at least 0.15% of the total eligible spot and borrowing market making volume.
List of eligible dual spot and borrowing trades:
All Eligible Liquidity Providers will then be ranked by the average weekly percentage increase relative to their eligible spot and borrowed market making volume on the Binance Spot and Borrowed Market over the total eligible spot and borrowed market making volume achieved by all Liquidity Providers during the Offer Period, compared to in the Offer Period. Qualification.
The top five liquidity providers will qualify for the rewards, as shown in the table below:
How to participate:
First Step: Click the [Register Now] button on the activity page.
Step 2: Increase your average weekly market making size percentage by at least 0.05 percentage points during the Offering Period, compared to what your Qualifying Market Making Volume percentage was during the Qualifying Period (for example, 0.10% to 0.15%).
Register for the offer now!
Manuals and related materials:
Who are the liquidity providers/market makers?
What Cryptocurrency Liquidity Providers Do
Binance Spot Market Liquidity Provider Program
Limited Time Offer: Enjoy higher discounts with the promotional fee level in the Binance Instant Liquidity Provider Program (Binance)!
Terms and Conditions:
The offer is available to users who qualify as liquidity providers in the Binance Spot Liquidity Provider Program only from 11-09-2023 at 00:00 (UTC) to 17-09-2023 at 23:59 (UTC) (i.e., the qualification period).
This offer may not be available or may be prohibited in some jurisdictions or regions, or to certain users, based on legal and regulatory requirements.
Users are responsible for educating themselves and monitoring any restrictions and/or requirements imposed regarding access to and use of the Binance Spot and Borrowing Services in each country where the Services are accessed.
Market making trades on the qualifying spot and borrowed dual trades listed above will only be counted towards the market making volume accounts in this offering.
Binance reserves the right to remove any spot double or borrow trading from the list listed below during the promotion period. All eligible market making volumes will still be counted for the purposes of this offering.
calculation method:
[Percentage increase in average qualifying weekly market making volume] = [Percentage increase in average qualifying weekly market making volume during the promotion period] - [Percentage increase in average qualifying weekly market making volume during the qualifying period].
[Average Eligible Weekly Market Make Volume Ratio] per account = (Week 1 [Eligible Weekly Market Make Volume Ratio] + Week 2 [Eligible Weekly Market Make Volume Ratio]) / 2(weeks).
[Eligible Weekly Market Making Volume Ratio] per account = [Eligible Weekly Volume on Spot and Borrowed Markets] per account / [Eligible Weekly Market Making Volume] for Binance Spot and Borrowed Markets.
[Qualifying Weekly Market Making Volume] = the sum of [Qualifying Daily Market Making Volume] for seven days during the week.
[Eligible Daily Market Making Volume] = Sum of eligible market making volumes on Binance spot and borrow markets during the day.
Day: It lasts every day from 00:00 (UTC) to 23:59 (UTC).
Week: Each week lasts from Monday at 00:00 (UTC) to Sunday at 23:59 (UTC).
Reward distribution:
Winners will be notified via email and internal mail within 30 days after the end of the promotion period.
Token vouchers will be distributed to eligible liquidity providers within 30 days after the end of the offer period. Users will be able to log in and redeem their vouchers via the Profile > Rewards section.
The coupon is valid for 14 days from the day of distribution. Learn how to redeem a coupon.
Binance reserves the right to disqualify a user for the reward if the account is involved in any dishonest behavior (e.g., money laundering trades, illegally randomly registered accounts, self-dealing, or market manipulation).
Binance reserves the right to determine and/or amend or change these terms and conditions, eligibility requirements and criteria, the selection and number of winners, and the timing of taking any action in its sole discretion for any reason, including:
changes to applicable regulations or policies;
Obligations arising from laws or decisions of public courts or the general government;
Anti-money laundering or anti-terrorism rules;
technical problems beyond our control;
The need to protect users from potential losses;
The need to protect Binance from damage to its reputation;
Unusual events or circumstances beyond our control (force majeure).
Additional offer terms and conditions can be accessed here.
For more corporate and VIP client services, please refer to this link.
In the event of a conflict between the translated versions and the original English version, the English version shall prevail.
thanks for your support!
Binance Team
2023-09-13
Note: This announcement was last updated on 09-13-2023 to add DOGEFDUSD, SOLFDUSD, and XRPFDUSD to the eligible spot and put double trading list.