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Celebrate Binance's 4th Anniversary with our Vanilla Options Competition

2021-07-05

To celebrate Binance's 4th Anniversary, we're holding a Binance Vanilla Options Competition for a limited time.Competition Period: 2021-07-07 0:00 AM to 2021-07-13 11:59 PM (UTC)

Promotion A: Achieve the Highest Value Vanilla Options Position of the Day and Win 1,000 BUSD

Every hour of each day during the competition period, from 2021-07-07 (00:00 UTC) to 2021-07-13 (23:59 UTC), Binance will take a snapshot and calculate each user's Vanilla Options position value. Achieve the highest average hourly positions of the day, and you'll win 1,000 BUSD! 

Promotion B: Vanilla Options Position Value Ranking Competition - Win a Share of 10,000 BUSD

The top 10 accounts with the highest average daily Vanilla Options position value during the competition period will win the following rewards:

  • 1st place: $2,500 BUSD

  • 2nd place: $2,000 BUSD

  • 3rd place: $1,000 BUSD

  • 4th - 10th place: Equally split a pool of $4,500 BUSD

Notes:

- Position value calculation: Position Value = Theoretical Option Price × Number of Positions;

- Snapshots are taken every hour of each day during the competition period; 

Read for more information: About Binance Vanilla Options Contracts

Terms & Activity Statement:

  • Users do not need to sign up for the activity. Our system will take a snapshot and calculate each user's Vanilla Options position value once every hour during the competition. All eligible users will have a chance to win.

  • Users can choose to trade options for any underlying asset during the event.

  • Average position value rankings will be announced at 00:00 (UTC) the day after the competition ends. Rewards will be issued within 2 weeks after the end of the competition. 

  • Any user who tries to influence the competition results maliciously will be disqualified, and have their results withdrawn.

Risk reminder: Cryptocurrency options contracts are highly volatile and subject to high market risk. Please make your trades cautiously.

Risk warning: Before placing an options order, please ensure that you have full knowledge of our options product (for more details please refer to our FAQ), and that you have adequate free margin in your Vanilla Options wallet balance to pay for the premium. When you buy in an option, all the premium you pay for the option will be a loss in the event you do not profit from the execution of this option; when you sell out an option, any reverse fluctuation of the market price could lead to a margin call, in which case your account will be liquidated if you fail to provide additional collateral in a timely manner. Market price may fluctuate from time to time, therefore there is no guarantee that the price displayed will be the exact price at which you execute. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Options.