Binance P2P is launching a trading competition for takers in selected South Asia countries. Eligible users who trade with verified P2P merchants on Binance P2P in their local fiat currencies during the Promotion Period, will stand a chance to earn up to 250 USDT in token voucher, along with their choice of Binance merchandise.
Promotion Period: 2023-10-16 00:00 (UTC) to 2023-10-30 00:00 (UTC)
All eligible users who register for the Promotion on the activity page, and trade a total of at least $100 equivalent with verified P2P merchants during the Promotion Period shall qualify.
All eligible participants will be ranked based on the percentage increase of their total trading volume with verified P2P merchants during the Promotion, relative to their total trading volume with verified P2P merchants in the 14 days prior to the Promotion. The top 200 users by trading volume increase percentage will receive rewards as per the structure below.
Refer to the following table for an example of the ranking system.
The more users trade, the higher their ranking and the chance of winning a larger reward. Note that users should obtain a minimum of 10% increase in total trading volume to qualify.
Rewards Structure
For More Information
Terms and Conditions
This Promotion is open to takers from selected South Asia countries who receive notifications about this Promotion via app push, inmail or email only. P2P merchants are not eligible for this Promotion.
To qualify for this Promotion, eligible taker must click “Join Now” on the activity page, trade at least a total of $100 equivalent with verified merchants on Binance P2P during the Promotion, and achieve a minimum of 10% increase in trading volume as specified above.
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.
Only P2P trades with verified merchants will count. Verified merchants have a yellow badge attached to their profiles.
Go to P2P Homepage, select your local fiat currency, click “Filter”, and then select “Merchant Only”, to show ads from verified merchants.
For participants whose P2P trading volume is 0 during the 14 days prior to the Promotion, $1 equivalent will be used as their total trading volume during that period when calculating trading volume increase.
Binance will use the daily closing price at 23:59:59 (UTC) of the local currency to USD foreign exchange rate on the day of purchase for the calculation of the user trading volume increase.
This Promotion is subject to Binance Terms and Conditions for Prize Promotions.
Token voucher rewards will be distributed within three weeks after the Promotion ends.
All the distributed token vouchers will expire within two weeks after distribution. Eligible users should claim their token vouchers before the expiration date. Learn how to redeem a token voucher.
Binance merchandise winners will be contacted via inmail within 14 days after the end of the Promotion, where they will be asked to fill in a survey with their choice of reward and shipping details. The survey will only be open for a week from the date of delivery. Users who fail to submit the survey on time will not be eligible to receive the merchandise rewards.
Binance merchandise will be distributed within six weeks after the Promotion ends. Binance will only be responsible for shipping fees.
Sub-account’s trading volume will not be combined 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.
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.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. These fluctuations may affect the value of digital assets you buy or sell on the Binance P2P platform, which may be lower or higher at the time of and after completion of the transaction. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. By using the Binance P2P platform you trade digital assets directly with other users. Binance facilitates transactions by releasing the digital assets once the offline fiat currency exchange is confirmed by both parties. The trading amount, price and conditions of each advertisement are set by the user publishing it. All payments are final upon completion, unless otherwise required by law. Binance has neither the right nor the obligation to resolve any disputes arising from a completed payment. Binance is not liable for any loss you incur in connection with a completed payment. Not financial advice. For more information, see our Terms of Use and Risk Warning.
