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Binance Enables Isolated Margin for UNI and Launches Deposit and Trade Competition with $60,000 in Prizes to be Won!
Binance has enabled Isolated Margin trading for UNI trading pairs UNI/BTC and UNI/USDT. We are committing a total of 60,000 USD in BNB tokens to celebrate the addition of UNI to Margin Trading with 3x leverage for BTC and USDT trading pairs.
Competition period: From Today to 2020/09/24 11:59 PM (UTC)
Promotion A: Deposit UNI - Collect rewards of $20 in BNB tokens
All users that have a net deposit (Deposit minus Withdrawal) of 400 UNI tokens or more to their Binance account from a non-Binance external source will each win a reward of $20 in BNB tokens. Rewards will be distributed daily on a first-come, first-served basis to the first 100 users that meet requirements, ordered by the time that the requirement was met. Daily tracking starts at 0:00 AM UTC and ends at 11:59 PM UTC. Each user can only receive up to one UNI deposit reward.
Promotion B: Trade UNI and Win up to $6,000 USD in UNI Tokens!
Users will be ranked based on the total UNI trading volume traded on their Binance account (including both buys and sells) across all UNI spot or margin trading pairs during the competition period.
The reward structure is as follows:
- 1st place: 6,000 USD in UNI tokens
- 2nd place: 4,000 USD in UNI tokens
- 3rd place: 2,000 USD in UNI tokens
- 4th-10th place: split 4,000 USD in UNI tokens equally
Bonus Activity: All users with a total trading volume (including both buys and sells) of 1,500 UNI or more during the competition period will equally share a prize pool of 30,000 USD in UNI tokens. Users that win rewards for ranking in the top 10 in UNI trading volume will not be eligible to receive rewards from the bonus activity.
Promotion C: Special UNI Event in Binance Savings
The special event will be opened to users who traded UNI on their Binance account (including both buys and sells) across all UNI spot or margin trading pairs during the competition period.
- Subscription Format: First-come, first-served basis.
- Subscription Period: From 2020/09/25 12:00 PM (UTC) to 2020/09/26 12:00 PM (UTC).
- Interest Calculation Period: 2020/09/26 12:00 PM (UTC) to the end of each respective product period.
- Interest Payout Time: Immediately after loan term matures.
|Digital Asset||Term to Maturity||Total Subscription Cap||Annualized Interest Rate||Lot Size||Interest Per Lot at Maturity|
|UNI||7 days||4,000,000 UNI||6%||400 UNI||0.460274 UNI|
Additional Margin Promotion Benefits:
- 0 borrowing interest on UNI margin trading pairs.
- Trading volume completed via isolated margin will be multiplied by a coefficient of 3.
- All users that borrow UNI from Binance Margin will enjoy VIP+1 borrowing volume.
Terms & Conditions:
- 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.
- UNI trading pairs include UNI/BTC, UNI/BNB, UNI/BUSD and UNI/ USDT.
- Binance will use the average closing price at 11:59:59 PM (UTC) of UNI/USDT trading pairs during the competition period as the UNI/USDT exchange rate used for distribution.
- Trading volume counts both buys and sells, excluding any wash trades, across all UNI spot or margin trading pairs.
- Sub-account trading volume will be combined with the master accounts 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 trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
- Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards via the Distribution History page in the Account Center.
- Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
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.