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Margin & Loans Competition: Rocket Up & Share 100K BUSD in Rewards

2021-11-18 11:55
Promotion Period: 2021-11-19 00:00 AM to 2021-12-24 11:59 PM (UTC)
Promotion A: Win a 1,000 BUSD Margin Interest Free Voucher When You Borrow on Margin or Loans
  • Reward 1: During the promotion period, all users that complete an average daily net borrowing volume of or equivalent to 10,000 BUSD on Margin for at least 10 days (daily snapshot taken at 00:00 AM UTC), will be rewarded a 1,000 BUSD Margin Interest Free Voucher.
  • Reward 2: During the promotion period, all users that complete an average daily net borrowing volume of or equivalent 10,000 BUSD on Crypto Loans for at least 10 days (daily snapshot taken at 00:00 AM UTC), will be rewarded a 1,000 BUSD Margin Interest Free Voucher.
Promotion B: Margin & Loans Elites Challenge
During the promotion period, all users that complete an average daily net borrowing volume of or equivalent to at least 100,000 BUSD on Margin and/or Crypto Loans will be ranked by their average daily net borrowing volume on Margin and Crypto Loans, to share 100,000 BUSD in token vouchers. The reward structure is as follows:
  • 1st place: 25,000 in BUSD token voucher
  • 2nd place: 17,000 in BUSD token voucher
  • 3rd place: 15,000 in BUSD token voucher
  • 4th place: 10,000 in BUSD token voucher
  • 5th place: 8,000 in BUSD token voucher
  • 6th place: 5,000 in BUSD token voucher
  • 7th place: 4,000 in BUSD token voucher
  • 8th place: 3,000 in BUSD token voucher
  • 9th place: 2,000 in BUSD token voucher
  • 10th place: 1,000 in BUSD token voucher
  • Other eligible users: share a pool of 10,000 BUSD in token vouchers according to the proportion of the borrowing amount
    • Reward calculation for an eligible user other than the top 10 winners:
Reward for an eligible user other than the top 10 winners = (the average daily net borrowing volume of this user / the sum of the average daily net borrowing volume of all eligible users except the top 10 users) * 10,000 BUSD in token vouchers
Additional Promotion
  • Users can enjoy a promotional interest rate, with the annual interest rate starting at 6.20% when borrowing BUSD on the Margin platform.
  • Users can enjoy a promotional interest rate, with the annual interest rate starting at 9.30% when borrowing USDT on the Margin platform.
  • Users can enjoy a promotional interest rate, with the annual interest rate starting at 3.10% when borrowing BTC, ETH on the Margin platform.
  • Users can enjoy a promotional interest rate, with the daily interest rate starting at 0.04% when borrowing BUSD on the Crypto Loans platform.
  • Users can enjoy a promotional interest rate, with the daily interest rate starting at 0.06% when borrowing USDT on the Crypto Loans platform.
Terms & Conditions:
  • Margin Interest Free Voucher is valid for all BUSD quoted isolated margin pairs.
  • Rewards will be distributed within 2 weeks after the promotion ends. You will be able to log in and redeem your voucher via Account > Reward Center.
  • The validity period for the voucher is set at 7 days from the day of distribution. Learn How to Redeem a Voucher.
  • Binance will combine sub-account’s trading volume 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 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.
  • Margin & Loans average daily net borrowing volume is calculated using the snapshots taken at 00:00 AM UTC.
  • Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits and rates.
  • Please refer to Loan Data for a list of the most updated crypto assets and further information on specific limits and rates.
  • Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
Risk Warning: Margin trading carries a substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movement. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Margin.
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.