#Cheers2BinanceP2P: Binance P2P Turns 2!
Binance P2P Anniversary Top 100 Merchants Rewards 2021
In the past two years, over 8,000 merchants have joined the Binance P2P platform and contributed to nearly 90% of its liquidity. Binance P2P has provided crypto services for users from over 70 countries and completed approximately 43M trades.
To celebrate Binance P2P’s 2nd anniversary, we’re giving away exclusive rewards for our global merchants who achieve high growth in P2P volume and trades.
Activity Period: Oct 11, 2021 9 am (UTC+0) - Oct 22, 2021 8.59 am (UTC+0)
Binance will assign a star rating based on the trading performance of each P2P merchant during the activity period. There are a total of three star ratings: Galaxy Merchant, Moon Merchant, and Mars Merchant. The top 100 merchants will receive the corresponding rewards if your star rating improves after the event ends.
How are merchant star ratings calculated?
The merchants will be scored based on these 6 metrics. The points for each metric are combined into a total score, with each metric carrying a different percent weight.
Merchant’s overall score = 50% (maker volume) + 10% (number of unique counterparties traded with) + 10% (Order completion rate) + 10% (avg. pay and release time) + 10% (appeal rate) × 10% (successful order count)
Merchants will be ranked from highest scores to lowest scores. The top 30% will receive the highest level rank—"Galaxy merchants"; the top 30%-60% will receive the second-highest rank"Moon merchants";the remaining 40% are ranked as “Mars merchants”.
Terms and conditions:
This event is open only to verified merchants who joined before Oct 11 9 am UTC+0
Winners will be announced on Announcements and social media.
BNB rewards will be distributed to the winning merchants within 14 working days after the event concludes.
VIP upgrades will be delivered as vouchers to the winning merchants within 14 working days after the event concludes.
P2P fees rebate will be calculated after 30 days from the day of 0 fees implementation. The cashback will be credited to your account in the form of a cash voucher.
Binance will review and cancel any qualification during the event that is suspected of fraudulent behavior such as bulk-registration of accounts, self-buying and self-selling, wash trading, etc.,
Binance reserves the rights of final interpretation for the event
We look forward to celebrating this milestone with you.