This is a general announcement and the products and services mentioned here may not be available in your area.
Dear User:
In order to help new users start their cryptocurrency journey more conveniently and quickly, Binance will launch a limited-time special event for new and old users who have not yet completed their first C2C coin purchase and spot transaction, with a maximum price subsidy of 50 USDT for the first order.
Event time: 08:00 am, September 2, 2023 to 07:59 am, September 22, 2023 (GMT+8)
During the event, new and old users who click to register and meet the qualifications complete the first C2C quick purchase of coins. Binance will provide price protection for the user's first BTC purchased through the BTC/USDT spot trading pair. If the closing price of BTC at the end of the event (i.e. 07:59 am, September 22, 2023, Eastern Time) falls relative to the average transaction price of orders, Binance will calculate the subsidy based on the BTC price drop multiplied by the user's first BTC purchase order amount (denominated in USDT). Each eligible user can receive a maximum subsidy of 50 USDT. This event is limited to the first 1,000 eligible users, and the prize pool is limited, first come first served.
Participation conditions:
Old users who have registered a Binance account but have not made any deposits or transactions on Binance;
New users who registered a Binance account during the promotion period.
How to participate:
Register/log in to your Binance account;
Eligible users can enter the event page and click to register to obtain the qualification to participate in the event;
After successful registration, complete the purchase of any amount of cryptocurrency through Quick Purchase (C2C); and complete at least one BTC purchase order through the BTC/USDT spot trading pair;
Binance will provide price protection for the first BTC buy orders of the first 1,000 eligible users. If the BTC price drops from the average first buy price on the end day of the event, the subsidy will be calculated based on the BTC price drop multiplied by the user's first BTC purchase amount, with a maximum subsidy of 50 USDT per person.
What is price guarantee?
If the closing price of the Binance BTC/USDT spot trading pair at 07:59 (ET) on September 22, 2023, the end date of the event, is lower than the average transaction price of the user's first BTC purchase order through the BTC/USDT spot trading pair*, and the user always holds the amount of BTC purchased in the order from the purchase to the end of the event*, then the loss of the order caused by the decline in BTC price (denominated in USDT) will be subsidized by Binance, up to 50 USDT per person;
Subsidy amount calculation formula = (average transaction price of the first BTC order - BTC closing price at the end of the activity) / average transaction price of the first BTC order * BTC transaction amount (USDT);
If the subsidy amount is less than 50 USDT, the subsidy will be based on the actual calculated USDT amount; if the subsidy amount is greater than 50 USDT, the user can receive a maximum subsidy of 50 USDT; if the user has no loss, there will be no subsidy.
Related definitions:
The average transaction price/transaction quantity/transaction amount of the user's first order to buy BTC in the BTC/USDT spot trading pair can be viewed in Spot Orders-Historical Orders-Order Details;
Always hold the BTC purchased in this order: The minimum daily BTC holding quantity must not be less than the transaction quantity of the first BTC purchase order of the BTC/USDT spot trading pair; if the user's minimum BTC holding quantity is lower than the transaction quantity of the first BTC purchase order, it is deemed that the user has sold or withdrawn the BTC purchased in this order and cannot enjoy price protection.
terms and Conditions:
This event is limited to users in certain regions.
Eligible new users: During the event, new users who have registered on Binance and completed identity verification can obtain the qualification to participate in the event by clicking on the registration form.
Eligible old users: registered old users who have not traded on Binance before the event starts;
The subsidies for eligible users will be distributed to the winners’ spot wallets in the form of USDT tokens within 14 working days after the end of the event. The winners can check the distribution records in their spot accounts;
Sub-accounts do not participate in this activity as independent accounts;
During the event, if there is any malicious volume-increasing behavior, batch registration of smurfs, self-buying and self-selling, mutual knock-on and other cheating behaviors, Binance will strictly review and disqualify the participants;
Binance reserves the right to modify or change the Promotion or the Promotion Rules at any time at its sole discretion without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners and the time limit for taking any action, and all participants shall be bound by such revised terms.
Thank you for your support!
Binance Team
September 01, 2023
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Binance reserves the right to modify, change or cancel this announcement at any time and for any reason at its sole discretion without prior notice.
Risk Warning: Cryptocurrency prices are subject to high market risk and price volatility. The value of your investment may fluctuate, and you may lose your investment amount. You are solely responsible for your investment decisions, and Binance is not responsible for any possible losses. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial advisor before making any investment. This article should not be considered as financial advice. Please refer to Binance Terms of Use and Risk Warning for more details.
