This is a general announcement. Products and services referred to here may not be available in your region.
Binance P2P is excited to present a new “Learn & Trade'' challenge for all Binance users! Eligible users can gain knowledge on Binance P2P and share a total rewards pool of 10,000 BUSD in token vouchers during the Promotion Period by completing a quiz and P2P trades.
Promotion Period: 2023-02-08 08:00 (UTC) to 2023-02-28 08:00 (UTC)
Promotion A: Only for New P2P Users - Learn & Trade to Share 7,000 BUSD in Rewards
This promotion is open to users who have not traded on Binance P2P prior to 2023-02-08 08:00 (UTC). To qualify for rewards, users must read the following articles and complete the quiz with all the correct answers during the Promotion Period:
- Binance P2P Newbie Guide
- Binance P2P: How Am I Protected as a P2P Trader?
- Common P2P Scams and How to Avoid Them
- How to Buy Cryptocurrency on Binance P2P
Eligible users who make their first purchase of at least $25 equivalent for any cryptocurrency in a single transaction on Binance P2P during the Promotion Period, will be ranked by their total purchasing volume on Binance P2P during the Promotion Period. The top 50 eligible users will stand to share 2,000 BUSD in token vouchers, capped at 100 BUSD in token voucher per user.
- Rewards Calculation:
The reward for each qualified user who rank amongst the top 50 = (User’s total purchasing volume on Binance P2P during the Promotion Period / The top 50 users’ total purchasing volume on Binance P2P during the Promotion Period) * 2,000 BUSD token vouchers
In addition, the first 5,000 eligible users who complete the quiz with all the correct answers will each receive 1 BUSD in token voucher.
Promotion B: Only for Existing P2P Users - Learn & Trade to Share 3,000 BUSD in Rewards
This promotion is open to existing P2P users who have traded on Binance P2P prior to 2023-02-08 08:00 (UTC). To qualify for a share of rewards, users must meet the following requirements during the promotion period:
- Read the following articles and complete the quiz with all the correct answers during the Promotion Period.
- Reach a total P2P trading volume of at least $500 equivalent (including buys and sells) with any fiat currency on Binance P2P during the Promotion Period.
- Complete trades with at least three unique counterparties on Binance P2P during the Promotion Period.
All eligible users will be ranked by their total trading volume on Binance P2P (including buys and sells) during the Promotion Period. The top 20 eligible users will stand to share 3,000 BUSD in token vouchers, capped at 300 BUSD in token voucher per user.
- Rewards Calculation:
The reward for each qualified user who rank amongst the top 20 = (User’s total trading volume on Binance P2P during the Promotion Period / The top 20 users’ total trading volume on Binance P2P during the Promotion Period) * 3,000 BUSD token vouchers
For More Information:
- Introduction to P2P Trading
- Binance P2P Newbie Guide
- How to Buy Cryptocurrency on Binance P2P (App/Web)
- How to Sell Cryptocurrency on Binance P2P (App/Web)
Terms and Conditions:
- Only users who complete account verification by the end of the Promotion will be eligible for rewards.
- The Binance Terms and Conditions for Prize Promotions apply to this Promotion.
- These Promotions are available for all fiat currencies supported on the Binance P2P platform.
- This Promotion is applicable to takers only.
- Taker: When you place an order on Binance P2P that trades immediately before going on the order book, you are a taker. These trades are “taking” volume off the order book, and are therefore taker trades.
- The rewards for Promotion A and Promotion B are mutually exclusive. All participants must complete the quiz with all the correct answers for either Promotion A or Promotion B to qualify for rewards.
- Binance will use the daily closing price at 23:59:59 (UTC) of the local currency to USD foreign exchange rate for the calculation of the user purchase and trading volume requirements.
- Token voucher rewards will be distributed within three weeks after the Promotion ends. You will be able to log in and redeem your voucher via Account > Reward Center.
- All the distributed vouchers will expire within two weeks after distribution. Eligible users should claim their vouchers before the expiration date.
- Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.
- Binance reserves the right to disqualify trades that are deemed to be illegally bulk registered accounts.
- Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
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.