Promotion Period: 2022-10-27 03:00 to 2022-11-03 23:59 (UTC)
GMX Trading Tournament - Share $50,000 in GMX Token Vouchers!
All users who confirm their participation in the tournament and reach a minimum total trading volume (including buys and sells) of 10 GMX across all eligible GMX spot and margin trading pairs during the promotion period, will be ranked based on their total GMX trading volume during the promotion period.
Total Rewards Pool:
The total rewards pool will increase proportionally with the total GMX trading volume reached by qualified users during the promotion period. The higher the total trading volume, the higher the total rewards pool will be. The maximum rewards pool is $50,000 in GMX token vouchers.
| Qualified usersâ total trading volume (GMX) | 750,000 | 800,000 | 900,000 |
| Total rewards pool (in GMX token vouchers) | $30,000 | $40,000 | $50,000 |
The rewards structure is as follows:
- 1st Place: 16% of total rewards pool unlocked
- 2nd Place: 12% of total rewards pool unlocked
- 3rd Place: 8% of total rewards pool unlocked
- 4th Place: 4% of total rewards pool unlocked
- 5th Place: 2% of total rewards pool unlocked
- 6th - 10th Places: 1.6% of total rewards pool unlocked each
- All other qualified participants: Split 50% of total rewards pool unlocked, based on each eligible userâs total GMX trading volume as a proportion of all qualified usersâ total GMX trading volume (excluding that of the top 10 winners)
Rewards Calculation:
The reward for each qualified user other than the top 10 winners = (Each userâs total GMX trading volume / total GMX trading volume of all qualified users excluding that of the top 10 winners) * 50% of total rewards pool unlocked
Terms & Conditions:
- All users should click the [Join Now] button on the tournament page and complete KYC to successfully participate in the GMX Trading Tournament. Eligible users can also check their rankings on the tournament page.
- Eligible GMX spot and margin trading pairs: GMX/USDT, GMX/BTC, GMX/BUSD.
- Binance will use the average closing price of the GMX /USDT trading pair at 23:59:59 (UTC) during the promotion period as the exchange rate used for rewards distribution.
- Token voucher rewards will be distributed within two weeks after the promotion ends. You will be able to log in and redeem your token voucher via Account > Reward Center.
- The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a voucher.
- Sub-accountâs trading volume will not be combined with the master accountâs standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
- Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
- Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Promotion Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
- Additional promotion terms and conditions can be accessed here.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
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