Competition period: 2021-08-12 04:00 AM to 2021-08-18 11:59 PM (UTC)

Promotion A: Learn and Earn $70,000 Prize Pool in RAY Tokens

During the competition, users who trade RAY, and carefully watch the Raydium (RAY) introduction video and take the quiz in the form, will share a prize pool of $70,000 in RAY token vouchers.

How to Win:

• Trade 150 RAY or more in the eligible RAY trading pairs (including both buys & sells) during the competition period
• Participate in taking the quiz and providing correct answers to any of the questions during the competition period

Awards:

• All users who trade 150 RAY or more in the eligible RAY trading pairs and participate in taking the quiz, will be qualified to share the prize pool of $70,000 in RAY 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) * $70,000 in RAY token vouchers.

Promotion B: Trade RAY and Win $30,000 Prize Pool in RAY Tokens!

All users who trade 1,200 RAY or more during the competition period will be ranked based on the total RAY trading volume traded on their Binance accounts (including both buys & sells) across eligible RAY trading pairs during the competition period. The reward structure is as follows:

• 1st place: $7,000 in RAY token voucher
• 2nd place: $5,000 in RAY token voucher
• 3rd place: $3,000 in RAY token voucher
• 4th-10th places: equally split $7,000 in RAY token vouchers
• All other qualified participants: split $8,000 in RAY token vouchers based on each user’s total trading volume as a proportion of the qualified users’ total effective trading volume (excluding the top 10 winners)

Reward Calculation:

The reward for the qualified user other than the top 10 winners = (Each user’s total effective trading volume / all qualified users other than the top 10 winners’ total effective trading volume) * $8,000 in RAY token vouchers.
Terms & Conditions:

• 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 RAY trading pairs: RAY/USDT, ​​ ​​RAY/BNB.
• Binance will use the average closing price at 11:59:59 PM (UTC) of ​​RAY/USDT trading pair during the competition period as the RAY exchange rate used for distribution.
• Rewards will be distributed within 2 weeks after the competition 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 RAY 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. Binance will make best efforts to choose high-quality coins, but will not be 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.