400 BNB, worth about $745 per coin at current prices, or roughly $298,000 in total—that’s the prize pool for Binance’s newly launched $MET Spot Trading Competition. It ends at 18:00 Beijing time on October 15, with 4 days left.
Here’s how the rewards are split: Rankings are based on cumulative trading volume. First place gets 12 BNB (about $8,900), second place gets 10 BNB, and third place gets 8 BNB. Fourth and fifth place get 6 BNB and 4 BNB, respectively. Places 6–20 split 40 BNB, or about 2.1 BNB each; places 21–50 split another 40 BNB, or about 1 BNB each; places 51–200 split 64 BNB, or 0.32 BNB each; and places 201–1,000 split 56 BNB, or about 0.07 BNB each. After 1,000th place, participants proportionally split the final 80 BNB, capped at 0.05 BNB per person, or about $37.
On top of the main prize pool, there are also sprint rewards. There are two rounds, each awarding an additional 12/10/8/6/4 BNB to the top five. The second round ends at 18:00 Beijing time on October 12. The same trading volume counts toward both rounds—that’s the most practical feature of this promotion.
Requirements: New users who have completed KYC, regular users, and VIP 1–6 users can all participate. Sign up on the promotion page, then accumulate more than $500 equivalent in $MET Spot trading volume between October 9 and 15. Both buys and sells count, but fees and zero-fee trading pairs are excluded.
Is it worth going for? Here’s the verdict: For most people, breaking into the top 20 isn’t realistic. It would take tens of thousands of dollars in trading volume, so trading just to chase the prize would be putting the cart before the horse. The real opportunity is the participation reward after 1,000th place: sign up and clear the $500 threshold to share 80 BNB proportionally, capped at about $37 per person. The cost of meeting the threshold is minimal; fees for a single round-trip trade are negligible, so it’s essentially a bit of easy extra cash.
The decision is clear: If you were already planning to trade $MET , or have a few hundred dollars of spare funds in your account, it’s worth signing up—the worst case is about the cost of a cup of coffee. But don’t make large trades just to climb the rankings; the rewards won’t cover the fees.
Rewards will be issued as token vouchers by October 29. Claim them in the Rewards Hub within 21 days, before they expire.
#TradingCompetition
Here’s how the rewards are split: Rankings are based on cumulative trading volume. First place gets 12 BNB (about $8,900), second place gets 10 BNB, and third place gets 8 BNB. Fourth and fifth place get 6 BNB and 4 BNB, respectively. Places 6–20 split 40 BNB, or about 2.1 BNB each; places 21–50 split another 40 BNB, or about 1 BNB each; places 51–200 split 64 BNB, or 0.32 BNB each; and places 201–1,000 split 56 BNB, or about 0.07 BNB each. After 1,000th place, participants proportionally split the final 80 BNB, capped at 0.05 BNB per person, or about $37.
On top of the main prize pool, there are also sprint rewards. There are two rounds, each awarding an additional 12/10/8/6/4 BNB to the top five. The second round ends at 18:00 Beijing time on October 12. The same trading volume counts toward both rounds—that’s the most practical feature of this promotion.
Requirements: New users who have completed KYC, regular users, and VIP 1–6 users can all participate. Sign up on the promotion page, then accumulate more than $500 equivalent in $MET Spot trading volume between October 9 and 15. Both buys and sells count, but fees and zero-fee trading pairs are excluded.
Is it worth going for? Here’s the verdict: For most people, breaking into the top 20 isn’t realistic. It would take tens of thousands of dollars in trading volume, so trading just to chase the prize would be putting the cart before the horse. The real opportunity is the participation reward after 1,000th place: sign up and clear the $500 threshold to share 80 BNB proportionally, capped at about $37 per person. The cost of meeting the threshold is minimal; fees for a single round-trip trade are negligible, so it’s essentially a bit of easy extra cash.
The decision is clear: If you were already planning to trade $MET , or have a few hundred dollars of spare funds in your account, it’s worth signing up—the worst case is about the cost of a cup of coffee. But don’t make large trades just to climb the rankings; the rewards won’t cover the fees.
Rewards will be issued as token vouchers by October 29. Claim them in the Rewards Hub within 21 days, before they expire.
#TradingCompetition