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Learn & Trade LOOM - $100,000 Rewards Up for Grabs!

2021-11-16 07:08
Activity period: 2021-11-17 00:00 AM to 2021-11-23 11:59 PM (UTC)
Click [register now] button to join immediately
Promotion A: Learn and Earn $60,000 Prize Pool in LOOM Tokens
During the activity, users who trade LOOM, finish watching the LOOM Network (LOOM) introduction video and take the quiz in this form, will share a prize pool of $60,000 in LOOM token vouchers.
  • Reward 1: All users who trade 5,000 LOOM or more (including both buys & sells) in the eligible LOOM trading pairs and participate in taking the quiz, will be qualified to share the prize pool of $20,000 in LOOM token vouchers. Rewards will be distributed based on the total number of correctly answered questions as a proportion of all correctly answered questions by all qualified users.
Reward Calculation:
The reward for the qualified user = (Individual user’s correctly answered questions / total number of correctly answered questions from all qualified users) * $20,000 in LOOM token vouchers.
  • Reward 2: All users who trade 10,000 LOOM or more (including both buys & sells) in the eligible LOOM trading pairs, and participate in taking the quiz and providing correct answers to all of the questions, will be qualified to equally share the prize pool of $40,000 in LOOM token vouchers.
Promotion B: Trade LOOM and Win $40,000 Prize Pool in LOOM Tokens!
All users who trade 20,000 LOOM or more during the activity period will be ranked based on the total LOOM trading volume traded on their Binance accounts (including both buys & sells) across eligible LOOM trading pairs during the activity period. The reward structure is as follows:
  • 1st place: $8,000 in LOOM token voucher
  • 2nd place: $6,000 in LOOM token voucher
  • 3rd place: $3,000 in LOOM token voucher
  • 4th place: $2,000 in LOOM token voucher
  • 5th place: $1,000 in LOOM token voucher
  • All other qualified participants: Split $20,000 in LOOM token vouchers based on each user’s total trading volume as a proportion of the qualified users’ total effective trading volume (excluding the top 5 winners)
Reward Calculation:
The reward for the qualified user other than the top 5 winners = (Each user’s total effective trading volume / all qualified users other than the top 5 winners’ total effective trading volume) * $20,000 in LOOM token vouchers.
Terms & Conditions:
  • All users should click the [register now] button on this page to participate in the promotion.
  • If you don’t have a Binance account, click here to get a 10% trading fee discount. The 10% spot trading fee discount will remain valid as long as the Binance referral program is in place. The 10% futures trading fee discount shared by the inviter will last for 30 days from the date of Futures account activation.
  • Eligible LOOM trading pairs: LOOM/BTC, LOOM/ETH.
  • Binance will use 0.1075 as the LOOM/USD exchange rate used for distribution.
  • Winners from Promotion A (Reward 2) will not be eligible for winning rewards from Promotion A (Reward 1).
  • Rewards will be distributed within 2 weeks after the activity 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 Token Voucher.
  • Please make sure that you fill in your Binance UID in the Google form correctly. Failure to fill it in correctly will be regarded as a waiver of the qualification to participate in Promotion A in the activity.
  • Binance will combine sub-account’s trading volume with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
  • Trading volume counts both buys and sells, excluding any wash trades, across all eligible LOOM spot trading pairs.
  • 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 to cancel or amend any Activity or Activity Rules at our sole discretion.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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.