Binance and Fetch.ai are together committing a total of 100,000 USD in FET tokens to celebrate the launch of FET being added to Margin Trading with 3x leverage in BTC and USDT trading pairs.
Activity Period: 2020/06/17 0:00 AM to 2020/06/24 0:00 AM (UTC)
Promotion A: FET Trading Competition, $80,000 in FET to Be Won!
Users will be ranked in terms of their total FET trading volume traded on their Binance account (including both buys and sells on spot and margin) across all FET trading pairs during the activity period.
Important: FET trading volume completed via isolated margin will be tripled when being counted into each user’s total trading volume.
The reward structure is as follows:
1st place: 20,000 USD in FET tokens.
2nd place: 15,000 USD in FET tokens.
3rd place: 10,000 USD in FET tokens.
4th-10th place: split 35,000 USD in FET tokens for 5,000 USD in FET each.
Promotion B: Trade FET to Share a Prize Pool of $20,000 in FET Tokens!
All users with total trading volume (including both buys and sells on spot and margin) of 100,000 FET or more will equally share a prize pool of 20,000 USD in FET tokens.
Promotion C: Zero FET borrowing fees on Binance Margin!
All users that borrow FET from Binance Margin will enjoy 0 borrowing fees and VIP+1 borrowing volume. The borrowing limit structure is as follows:
| VIP | FET/BTC | FET/USDT | ||
| Base Limit | Quote Limit | Base Limit | Quote Limit | |
| Original Limit | 100,000 | 0.50 | 75,000 | 3,000.00 |
| Regular | 200,000 | 1.00 | 150,000 | 6,000 |
| VIP1 | 400,000 | 2.00 | 300,000 | 12000 |
| VIP2 | 600,000 | 3.00 | 450,000 | 18000 |
| VIP3 | 800,000 | 4.00 | 600,000 | 24000 |
| VIP4 | 1,000,000 | 5.00 | 750,000 | 30000 |
| VIP5 | 1,200,000 | 6.00 | 900,000 | 36000 |
| VIP6 | 1,200,000 | 6.00 | 900,000 | 36000 |
| VIP7 | 1,200,000 | 6.00 | 900,000 | 36000 |
| VIP8 | 1,200,000 | 6.00 | 900,000 | 36000 |
| VIP9 | 1,200,000 | 6.00 | 900,000 | 36000 |
Related links:
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.
Terms & Conditions:
Risk warning: Cryptocurrency investment is subject to high market risk. Binance is not responsible for any direct, indirect or consequential losses as a result of the trading competition. Please make your investments with caution.
Note: This announcement was updated on 2022-03-14 to rename VIP 0 to regular accounts/users.
