- Referral Challenge: Refer friends & trade to receive NFTs that multiply PNL points.
- Team Competition: A competition between teams for the best PNL performance.
- Individual Bout: An individual traders’ competition for the top ROI.
- Record-Breakers: Break historical tournament team’s and personal trading volume to win token prizes and vouchers.
- Registration Period: 2022-05-23 00:00 to 2022-06-13 23:59 (UTC)
- Activity A - Referral Challenge Period: 2022-05-23 00:00 to 2022-05-29 23:59 (UTC)
- Activity B - Competition Period: 2022-05-30 00:00 to 2022-06-13 23:59 (UTC)
- Users must verify their accounts to participate. Please register here if you do not have a Binance Account.
- Participants must have completed trades of at least 500 USDT equivalent on Futures since 2022-01-01 00:00 (UTC).
No. of Participants | Team Competition Prize Pool in BUSD | Individual Bout Prize Pool in BUSD | Record-Breakers Prize Pool in BUSD* |
1,000 | $8,000 | $2,000 | $2,000 |
3,000 | $40,000 | $10,000 | $10,000 |
5,000 | $80,000 | $20,000 | $20,000 |
10,000 | $120,000 | $30,000 | $30,000 |
25,000 | $160,000 | $40,000 | $40,000 |
50,000 | $200,000 | $50,000 | $50,000 |
100,000 | $240,000 | $60,000 | $60,000 |
150,000 | $320,000 | $80,000 | $80,000 |
200,000 | $400,000 | $100,000 | $100,000 |
250,000 | $600,000 | $150,000 | $150,000 |
500,000 | $1,200,000 | $300,000 | $300,000 |
Maximum Prize Pool | 1,800,000 BUSD |
- SSR: King E1, Queen D1
- SR: Rook A1, Rook H1
- R: Bishop C1, Bishop F1, Knight B1, Knight G1
- N: Pawn A2, Pawn B2, Pawn C2, Pawn D2, Pawn E2, Pawn F2, Pawn G2, Pawn H2
Challenge | Referral Challenge Points |
Refer 1 non-Binance User to the Tournament | 3 points |
Refer 1 existing Binance User to the Tournament | 2 points |
For every 10,000 USDT traded on Token of The Day | 1.5 points |
For every 10,000 USDT traded on other tokens | 1 point |
Binance Futures Grand Tournament Limited Edition Chess NFT Holder’s Identity | Token of the Day Coefficient |
Binance Futures Grand Tournament Limited Edition Chess NFT (SSR) Owner | 3.0x |
Binance Futures Grand Tournament Limited Edition Chess NFT (SR) Owner | 2.5x |
Binance Futures Grand Tournament Limited Edition Chess NFT (R) Owner | 2.0x |
Binance Futures Grand Tournament Limited Edition Chess NFT (N) Owner | 1.8x |
Users who do not own any Binance Futures Grand Tournament Limited Edition Chess NFT | 1.5x |
- There is no limit to the points that each participant can accumulate every day.
- You will receive Referral Challenge Points only when your referrals get their accounts verified. Verification usually takes several days after necessary documents are submitted.
- An eligible user is a user whose daily trading volume on Futures is at least 30,000 USDT equivalent during the activity period.
- If less than ten team members meet the above criterion, the daily PNL of all eligible members will be recorded.
- During the Competition Period, the profit calculation from trades in Token of the Day Futures contracts will vary, depending on whether one holds a Binance Futures Grand Tournament Limited Edition Chess NFT, as well as the rarity of the NFT held. Depending on the rarity of the NFT held, these NFT holders’ profit from Token of the Day Futures contracts will be multiplied by a coefficient, which thereby affects the calculation of daily PNL.
Binance Futures Grand Tournament Limited Edition Chess NFT Holder’s Identity | Token of the Day Coefficient |
Binance Futures Grand Tournament Limited Edition Chess NFT (SSR) Owner | 3.0x |
Binance Futures Grand Tournament Limited Edition Chess NFT (SR) Owner | 2.5x |
Binance Futures Grand Tournament Limited Edition Chess NFT (R) Owner | 2.0x |
Binance Futures Grand Tournament Limited Edition Chess NFT (N) Owner | 1.8x |
Users who do not own any Binance Futures Grand Tournament Limited Edition Chess NFT | 1.5x |
Team’s Rank | Team Reward |
1st | 25% of Team Prize Pool |
2nd | 15% of Team Prize Pool |
3rd | 10% of Team Prize Pool |
4th-10th | An equal split of 50% of Team Prize Pool |
Role | Reward Distribution Within Each Team |
Team Leader | 40% of Team Reward |
Top 10 Profit Contributors | An equal split of 30% of Team Reward |
All Team Members (Trading Vol >$10,000, Profit >0) | An equal split of 30% of Team Reward |
- In addition to the prizes, winning Team Leaders may as well receive publicity exposure from Binance.
- There is no limit on the size of each team.
- Once your team is created, you will not be able to make any further changes to the input details, unless the team has less than ten members after 2022-05-30 00:00 AM (UTC). You can raise a Customer Support request to disband your team after 2022-05-30 00:00 AM (UTC). After the team is disbanded, you and your members will be free to join other teams.
- You will be able to continue adding team members after the Competition Period starts.
- Use your team referral link to invite people to join your team and record them as your referrals; existing Binance Futures users who join your team without using your referral link will not be recorded as your referrals.
- After registration, the team leaders will be automatically added into the Team Chat Room. During the Competition Period, team leaders can use the Team Chat Room to review team’s performance and provide guidance on how to trade on Binance Futures.
- Please note that the analysis provided by team leaders is not representative of the views of Binance in any way. Binance will not be held liable for any trading losses experienced by team members following guidance from team leaders.
- Team Members can choose to join their favorite team from the Futures Grand Tournament landing page.
- Team Members will not be able to change teams after joining unless the team fails to reach 10 members after the Competition Period begins and the Team Leader decides to disband the team.
- Team Members can join any team at any point during the Competition Period.
- Use your team referral link to invite people to join your team and record them as your referrals; existing Binance Futures users who join your team without using your referral link will not be recorded as your referrals.
- After registration, team members will be automatically added into the Team Chat Room.
- Each Individual Daily Prize Pool is one fifteenth of the Individual Bout Prize Pool, which keeps increasing with an increase in the number of participants. The Individual Bout Prize Pool is capped at $300,000 in BUSD tokens.
- Depending on whether one holds Binance Futures Grand Tournament Limited Edition Chess NFT, as well as the rarity of the NFT held, the daily profit calculation from Token of the Day Futures contracts will be multiplied by a coefficient when calculating the daily ROI for the tournament, according to the table below:
Binance Futures Grand Tournament Limited Edition Chess NFT Holder’s Identity | Token of the Day Coefficient |
Binance Futures Grand Tournament Limited Edition Chess NFT (SSR) Owner | 3.0x |
Binance Futures Grand Tournament Limited Edition Chess NFT (SR) Owner | 2.5x |
Binance Futures Grand Tournament Limited Edition Chess NFT (R) Owner | 2.0x |
Binance Futures Grand Tournament Limited Edition Chess NFT (N) Owner | 1.8x |
Users who do not own any Binance Futures Grand Tournament Limited Edition Chess NFT | 1.5x |
Individual Daily Rank Based on Daily ROI | Individual Daily Reward |
1st | 25% of Individual Daily Prize Pool |
2nd | 15% of Individual Daily Prize Pool |
3rd | 10% of Individual Daily Prize Pool |
4th-20th | An equal split of 50% of Individual Daily Prize Pool |
- The previous record for the total team trading volume attained in Futures Grand Tournament Nov 2021 will be announced here.
- Only team members who participate in the tournament before 2022-06-07 23:59 (UTC) will qualify for sharing the team rewards of this activity.
- If there is no team who can break the historical total team trading volume record by the end of the Competition Period, Binance Futures will donate the relevant rewards to Binance Charity.
Role in Team | Reward Distribution Within Each Team |
Team Leader | 40% of Team Reward & “The Unmatched” NFT |
Top 10 Trading Volume Contributors | An equal split of 30% of Team Reward & a “The Masters” NFT each |
All Team Members (Trading Vol >0) | An equal split of 30% of Team Reward |
- All Binance users must have their accounts verified before registering for the tournament. Please register here if you do not have a Binance Account.
- Sub-accounts will not be considered as individual participants. PNL and trading volume of sub-accounts will be combined with the master account’s standard PNL and trading volume in the final calculation.
- All COIN-M and USDⓈ-M trading pairs are included in this tournament.
- The effective trading volume counts both buys and sells, excluding any wash trades.
- Rewards are not mutually exclusive and users can win multiple prizes as long as they meet the relevant terms and conditions.
- Each day refers to 00:00 AM to 00:00 AM on the next day (UTC).
- Leaderboard ranks and results will be updated each day at 03:00 AM (UTC).
- To check the rarity of your Binance Futures Grand Tournament Limited Edition Chess NFT, you may find your Mystery Boxes via Binance NFT Marketplace > User Center > Mystery Box.
- Binance reserves the right to mint an addition of 200 Binance Futures Grand Tournament Limited Edition Chess NFTs to reward community members.
- Binance reserves the right to disqualify trades that are deemed to be wash trades, illegal bulk account registrations, self-dealing, or display signs of market manipulation, etc.
- 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.
- NFT Mystery Boxes will be distributed within one day after each daily Referral Challenge is complete. Users can find their Mystery Boxes via Binance NFT Marketplace > User Center > Mystery Box.
- NFT rewards from the Record-Breakers activity will be airdropped to the winners’ Binance wallets within 14 days after end of the tournament. Winners can find their NFT rewards via Binance NFT Marketplace > User Center > NFT Assets > Collections.
- Withdrawals of Binance Futures Grand Tournament Limited Edition Chess NFTs and NFT rewards from the Record-Breakers activity are not supported.
- All token rewards will be distributed within 14 days after the tournament. You will be able to log in and check your rewards via Account > Wallet > Transaction History > Distribution.
- Futures Cashback Vouchers will be distributed within 14 days after the tournament. Winners will be able to log in and redeem the Futures Cashback Voucher via Account > Reward Center. The validity period for the Futures Cashback Voucher is set at 14 days from the day of distribution. Learn how to redeem cashback voucher.
- Team’s Daily PNL (in USDT) = Sum of daily profit of top 10 eligible team members for the day, with trading volume > 30,000 USDT and profit > 0.
- Individual Final Profit (in USDT) = (USDⓈ-M Futures Asset 1 Profit * Daily closing rate of Asset 1 against USDT) + (COIN-M Futures Asset 2 Profit * Daily closing rate of Asset 2 against USDT).
- USDⓈ-M Futures Asset 1 Profit = Final Account Balance of Asset 1 Unrealized PNL - Initial Account Balance of Asset 1 Unrealized PNL + Realized PNL of Asset 1 + Funding Fee of Asset 1 - Commission of Asset 1.
- COIN-M Futures Asset 2 Profit = Final Account Balance of Asset 2 Unrealized PNL - Initial Account Balance of Asset 2 Unrealized PNL + Realized PNL of Asset 2 + Funding Fee of Asset 2 - Commission of Asset 2.
- BUSD assets are converted to USDT at 1:1.
- BNB commission is converted into USDT according to the closing price of the day.
- Individual Daily ROI (in USDT) = Individual daily profit / (100 USDT + USDⓈ-M Futures Initial Account Balance + COIN-M Futures Initial Account Balance + Futures Account Deposit).
- The Initial Account Balance and Deposits of BUSD are converted into USDT at 1:1.
- The Initial Account Balance of COIN-M are converted into USDT at open price, while the Deposits of COIN-M are converted into USDT at closing price.