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Binance NFT Marketplace Launches “STEPN x ASICS NFT Sneakers” Mystery Box Collection via the Subscription Mechanism
The Binance NFT Marketplace is excited to present the “STEPN x ASICS NFT Sneakers” Mystery Box Collection! The launch of the collection will follow the BNB Prerequisite as part of the Subscription Mechanism.
What is STEPN?
A Web3 lifestyle application with Social-Fi and Game-Fi elements, STEPN aims to inspire millions to a healthier lifestyle, connect them to Web3, and combat climate change through carbon neutrality.
“STEPN x ASICS NFT Sneakers” Mystery Box Collection
Each Mystery Box contains one unique NFT sneaker, and is priced at 0.5 BNB. The Mystery Boxes consist of NFTs in four different designs: Walker, Jogger, Runner and Trainer, and each design may come in two rarity levels: Uncommon and Common.
With each NFT sneaker collected, NFT holders are able to participate in STEPN’s Move2Earn game by walking, jogging, or running outdoors to earn in-game tokens. These tokens can be used in the game to level up their NFT sneakers, or be cashed out for profit. In addition, users who collect two NFT sneakers from this collection, will have the choice to burn their tokens to mint a “Shoebox” containing a brand-new NFT sneaker! $100,000 of all proceeds for these NFT sneakers will be donated to a charitable cause jointly supported by Binance, STEPN and ASICS. Learn more about how to play the game here.
Trade STEPN x ASICS NFT Sneakers to Share a 3,000 GMT Token Vouchers Prize Pool
Activity Period: 2022-04-19 12:00 (UTC) to 2022-04-25 12:00 (UTC)
Snapshot Date: 2022-04-26 (UTC)
The top 30 users ranked by their NFT transaction volume on the “STEPN x ASICS NFT Sneakers” Mystery Box collection on Binance NFT marketplace during the activity period, will share a prize pool of 3,000 GMT token vouchers.
The reward for each qualified user = (Each qualified user’s total effective NFT trading volume / All qualified users’ total effective NFT trading volume) * 3,000 GMT token vouchers
Subscription Mechanism Timeline and Details
1. Preparation Phase: 2022-04-13 00:00 (UTC) to 2022-04-16 02:00 (UTC)
Users are required to meet the minimum daily average BNB holding of 0.1 BNB during the Preparation Phase, to be qualified to participate in the corresponding NFT primary sale.
2. Subscription Phase: 2022-04-16 02:00 (UTC) to 2022-04-19 09:00 (UTC)
Qualified users will proceed to the subscription, where they will be allocated participation tickets to join the sale. Each qualified user will receive one participation ticket, as determined by the corresponding NFT primary sale.
During this phase, users are required to subscribe their participation ticket to the sale, by clicking [Subscribe for Ticket(s)]. Only users who subscribe by committing their tickets will be qualified to participate in the sale.
After users subscribe to the NFT primary sale, all committed participation tickets will enter a pool, where all committed tickets have a fair chance of winning. Each committed participation ticket will mean that 0.5 BNB will be locked, and this will only be refunded at the end of the Distribution Phase. Please note that users can only use the available BNB balance in their spot wallets to complete the subscription, hence users should ensure that they have sufficient BNB in their spot wallets before committing their participation tickets.
3. Calculation Phase: 2022-04-19 09:00 (UTC) to 2022-04-19 12:00 (UTC)
The system will select winning tickets from all committed participation tickets in a fair and square manner. A winning ticket allows the user to purchase an NFT in the NFT primary sale.
4. Distribution Phase: 2022-04-19 12:00 (UTC)
Users who hold a winning participation ticket will be able to purchase the NFT(s) in the NFT primary sale and the BNB equivalent will be deducted accordingly. Users who do not hold winning participation tickets will have their BNB automatically returned to their spot wallets.
For more details on the Subscription Mechanism, read our blog here and a detailed step-by-step guide here. Follow @TheBinanceNFT and @Stepnofficial on Twitter now for more updates on this NFT Mystery Box collection!
Learn More About Binance NFT Marketplace:
- How to Find Your NFT Contract Address
- How to Get Started with the Binance NFT Marketplace
- How to Buy an NFT on Binance NFT Marketplace
- How to Sell an NFT on Binance NFT Marketplace
- How to Deposit NFT on Binance
- Find Out More About NFT Mystery Box Collection
Terms & Conditions:
- Each account is limited to a maximum purchase of one “STEPN x ASICS NFT Sneakers” Mystery Box.
- Users can find their Mystery Boxes via Binance NFT Marketplace > User Center > Mystery Box.
- After the end of the Distribution Phase, users may list their Mystery Box(es) on Binance NFT Marketplace’s secondary market for sale.
- The GMT token voucher rewards will be distributed within three weeks after the activity ends. Users will be able to log in and redeem their token voucher via Account > Reward Center.
- The validity period for the token voucher is set at 30 days from the day of distribution. Learn how to redeem a token voucher.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- 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 activity, 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.
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.
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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.