Binance is excited to hold a new COIN-Ⓜ Quarterly Futures promotion for all Binance users, with a total of 100,000 USD in ADA tokens to be won!
Competition period: 2020/08/07 0:00 AM - 2020/08/14 0:00 AM (UTC)
Promotion A: 60,000 USD in ADA Tokens for New COIN-Ⓜ Users.
During the competition period, all new COIN-Ⓜ users will be rewarded based on the total valid trading volume traded on their Binance accounts across all COIN-Ⓜ Quarterly Futures contracts.
The rewards structure is as follows:
- The top 500 users will equally split 50,000 USD in ADA based on the total COIN-Ⓜ Quarterly Futures trading volume traded on their Binance accounts across all COIN-Ⓜ Quarterly Futures contracts during the competition period.
- The first 1,000 users that complete total trading volume of 100 contracts on the BTCUSD COIN-Ⓜ Quarterly Futures contract OR 1,000 contracts on other COIN-Ⓜ Quarterly Futures will receive a prize of 10 USD in ADA tokens in a first-come-first-served format. The top 500 users above will not be eligible for this reward.
Please note: Trading volume completed via the ADAUSD 0925 Quarterly Futures contract will be multiplied by a coefficient of 2 when calculating final trading volume for the activity.
Promotion B: ADAUSD PNL Competition, 40,000 USD in ADA Tokens to be Won!
All users that trade in the ADAUSD 0925 Quarterly Futures Contract will be ranked based on their ADA PNL during the competition period.
The reward structure is as follows:
1st Place: 8,000 USD in ADA tokens
2nd Place: 5,000 USD in ADA tokens
3rd Place: 2,000 USD in ADA tokens
4th - 10th Place: equally split a pool of 5,000 USD in ADA tokens
11th - 100th Place: equally split a pool of 20,000 USD in ADA tokens
PNL Calculation:
ADA PNL = Final Account ADA Balance (including unrealized pnl) - Initial Account ADA Balance (including unrealized pnl) + ADA Withdrawals - ADA Deposits - ADA Referral bonuses.
Notes & Terms:
- All new COIN-Ⓜ users are users that make their first ever trade on Binance COIN-Ⓜ contracts during the competition period. Users that have previously traded COIN-Ⓜ contracts will not be eligible to participate in Promotion A.
- If you have not opened a Binance account yet, you can click here for an additional 10% discount on trading fees. 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.
- Total valid trading volume counts both buys and sells, excluding any wash trades.
- Users can win rewards in both Promotion A and Promotion B.
- Contract specifications of Quarterly Futures Contracts are available here.
- Binance will use the real price of the ADAUSD quarterly contract trading pair during the competition period as the exchange rate between USD and ADA for prize distribution.
- Sub-account trading volume and ROI 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 from illegally bulk registered accounts, self-dealing or display attributes of 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: Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balance in your futures wallet may be liquidated.