Disclaimer: Binance Options products are restricted in certain countries and to certain users. This promotion is not intended for users/countries to which restrictions apply.
Binance Options is excited to announce a promotion where traders can earn a share of 15,000 USDT in token vouchers.
Promotion Period: 2023-04-20 00:00 (UTC) to 2023-05-04 23:59 (UTC)
Promotion 1: Place Your First Options Order and Earn 3 USDT in Token Vouchers
The first 1,500 eligible users who have never traded on Binance Options before 2023-04-20 00:00 (UTC) and complete their first Options trade during the Promotion Period will each receive 3 USDT in token voucher, based on their order placement time.
Promotion 2: Options ROI % Challenge - Trade on Binance Options to Share Up to 10,500 USDT in Token Vouchers!
Promotion 2 is open to all users who are eligible to trade on Binance Options. Eligible users who register for the promotion (Click "Register Now" on the promotion page) and open at least one new Options position will be ranked according to the Return on Investment percentage* (i.e., ROI %) generated by their trades during the Promotion Period, to share a maximum of 10,500 USDT in token vouchers.
The Promotion Period will be split into four sessions, each ending with the calculation of ROI % of each session. The ROI % calculations will be done respectively on April 24, April 27, May 1 and May 4 at 23:59 (UTC). The total number of winners and prize pool for each session will be determined by the total number of eligible participants.
Rewards Structure:
* Calculation of ROI %:
ROI % = Cumulative PnL (profit and loss) / (100 USDT + Average Balance)
Average Balance = Opening margin balance + Average Day1 to DayN cumulative net transfer
Net Transfer = Total amount transferred in - Total amount transferred out
When calculating Average Balance for the denominator, days with net transfers ≤ 0 will be replaced with the total amount transferred in to calculate the average
Cumulative Account PnL = Sum of Daily Account PnL
Daily Account PnL = EOD (End of day) Total Equity T1 - EOD Total Equity T0 - Intraday Net Transfer
Total Equity = Margin Balance + Market Value
Terms & Conditions:
Users must complete identity verification to be eligible for rewards.
Promotion 1:
Only users who complete their first trade on Binance Options during the Promotion Period will be eligible for rewards.
A maximum of 1,500 eligible users will qualify for rewards, based on the time of placement of their first Options order during the Promotion Period.
Promotion 2:
The ROI % ranking calculation for each session will conclude at 23:59 (UTC) on April 24, April 27, May 1 and May 4 respectively.
Users may participate in and claim rewards from multiple sessions.
Broker accounts will not qualify for rewards from Promotions 1 and 2.
Rewards for Promotions 1 and 2 are not mutually exclusive. Eligible users may participate in and receive rewards from both Promotions.
Token voucher rewards will be distributed to eligible users within 21 working days after the end of the Promotion Period. Users will be able to log in and redeem their voucher rewards via Account > Reward Center.
All the distributed vouchers will expire within two weeks after distribution. Eligible users should claim their vouchers before the expiration date. Learn What Are Binance Vouchers and How to Redeem.
Binance reserves the right to disqualify trades deemed to be wash trades or illegally bulk-registered accounts, as well as trades that display self-dealing or market manipulation attributes.
Both Promotion 1 and Promotion 2 are only available to users who are enabled for Binance Options trading and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements.
Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Options trading services in each country/region from which the services are accessed.
Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of the Binance Options trading services from time to time in its sole discretion at any time without notification.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these Promotions, the eligibility terms and criteria, the selection and number of winners, and the timing of any action to be done, and all Participants shall be bound by these amendments.
Additional promotion terms and conditions apply and can be accessed here.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reason without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment can go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Options trading, in particular, is subject to high market risk and price volatility. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.