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Binance Launches $30,000 P2P Trading Competition

2020-10-12 07:00
In celebration of Binance P2P’s 1st anniversary, Binance P2P has launched a trading competition with $30,000 in BNB to be won!
The Binance P2P trading competition is open to CNY, VND, INR, RUB, NGN, VES, ARS, COP, BRL, and PHP markets, and each market will have a total prize of $3,000 in BNB to be won.
Activity Period: 2020/10/12 8:00 AM (UTC) - 2020/10/26 8:00 AM (UTC)
Promotion A: P2P Maker Competition - $1,000 in BNB to be won
During the activity period, the top five makers who trade with the highest number unique users can win the following prizes:
  • 1st place: $300 in BNB + VIP 2 trading discount for a month
  • 2nd & 3rd place: $200 in BNB + VIP 1 trading discount for a month
  • 4th & 5th place: $150 in BNB
To be eligible for the rewards, makers must meet all the following requirements:
  • Achieve an order completion rate of 90% and above;
  • Trade with at least 30 different users;
  • Process both buy and sell transactions;
  • Complete minimum total trading volume of $10,000
Promotion B: Make Your First Purchase to Share $1,000 in BNB
During the activity period, users who complete their first purchase of $50 worth crypto on Binance P2P can equally share a prize pool of $1,000 in BNB
Promotion C: P2P Trading Competition - $1,000 in BNB to be won
Meanwhile, the top five traders by net purchase amount will win the following prizes:
  • 1st place: 300 in BNB + VIP 2 trading discounts for a month
  • 2nd & 3rd place: $200 in BNB + VIP 1 trading discounts for a month
  • 4th & 5th place: $150 in BNB
  • A maker means a user who posts trade ads and processes transactions. Promotion A is applicable to both P2P merchants and users.
  • Net purchase amount = Total P2P buy amount - total P2P sell amount. Suppose a user buys 1,000 BNB and sells 5,000 BUSD during the activity, assuming that 1 BNB=27.5 BUSD, then his/her net purchase amount will be 1,000 x $27.5 - $5,000 = $22,500.
  • Users can only win one prize. For example, if a user becomes one of the top 3 takers in both INR and VND market, he/she will only win the prize based on the highest net purchase amount.
  • Promotion A is for makers only, and promotion B and C are for takers only. A user CANNOT be eligible for rewards in both promotions.
  • Rewards will be distributed within 2 weeks after the campaign ends. You will be able to login and see your rewards via the Distribution History page in the Account Center.
  • 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.
  • Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion
Risk Warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.