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How to Start a Battle
Binance
2020-10-19 15:06
Futures Battle Tutorial Video
I. Important to note before start:
  • The battle is currently available on BTCUSD perpetual contract, Coin-Margined Futures. Please make sure you have a futures account before participating in the battle;
  • User can choose Leverage and Margin mode is to Isolated margin during the battle;
  • Check if you have any position or open order on BTCUSD perpetual, please remove them to start the battle;
  • Please ensure that there is enough BTC balance in your futures coin wallet so that you have sufficient margin to support the number of orders placed in the battle;
  • You are not allowed to make any changes to the BTCUSD order placed during the battle in any other way, including change in leverage, quantity, reduce/close/open position, change in margin-mode etc. Users should self-assess any possible losses that arise from the abnormal battle result caused by those actions. Trading on symbols is not affected.
  • The same trading fee shall apply as the BTCUSD perpetual contract. Please refer to the Taker rate on the Coin-Margined Futures Trading Fee Rate
II. How to start a battle?
The battle will be launched on the Web and H5 page. Visit the Battle page to get started.
1. Battle entrance:
  • Web: Open Futures Trading interface, go to ‘Activities’, then click into ‘Battle’.
  • Mobile App: At Home page, click into ‘Battle’.
2. Choose the desired contract size 1/ 5/ 10/ 20/ 50/ 100/ 200 / 500 Cont. If you expect prices to rise within the next 5 minutes, select “Long” to express your view. Conversely, if you expect prices to fall, select “Short”. The battle will start when an opponent is matched.
3. Waiting for a battle match-up.
4. Battle in progress: the latest price of BTCUSD perpetual contract is displayed in real-time along the bar, You may choose to end the battle manually after a 10-seconds countdown when the ‘End Battle’ button appears, or wait for the position to be auto-closed when TP/SL level is reached. Otherwise, the system will force-close the position at the end of the battle.
5. Your Battle results
III. Battle Rules
i.Winning conditions:
  • Long: closing - opening price > 0
  • Short: opening price - closing > 0
ii. First, choose the desired contract size of 1/ 5/ 10/ 20/ 50/ 100/ 200 / 500 Cont. Next, predict how the price will move in 5 minutes and select long or short to start the battle, the system will then auto-assign a player for your battle. In each battle, you are able to collect points regardless of whether you win or lose, please refer to Points Rules* for more detail.
  • Countdown 05:00-04:50min: User cannot close the position manually unless Take profit or Stop loss is triggered and the system automatically closes the order to exit the battle.
  • Countdown 04:49-00:00min: When the ‘End Battle’ button pops up, the user can choose to close the position manually or wait for the system to force-close the position at the time out to exit the battle.
iii. Every battle trade will be sent as market order type with Take profit/Stop loss, at the same time the isolated-margin mode is enabled.
The Take profit/Stop loss price is defined as a percentage of the opening price, condition as below:
Take long as an example, same logic for short:
  • Stop loss level: opening price - opening price * 0.13%
Exit the battle when: latest price <= Lose & exit price
  • Take profit level: opening price + opening price * 0.17%
Win & Exit the battle when: latest price >= Take profit level
*Points Rule (The points redeem scheme will be announced soon)
Contract size (Cont)Battle result
Points
Countdown 5:00-4:50
Points
Countdown 4:49-0:00
1Win+5
if
0 < abs(closing price - opening price)/opening price < = 0.5*0.17% , return points=+2
else
0.5*0.17% < abs(closing price-opening price)/opening price , return points=+5
Lose+1
5Win+25
if
0 < abs(closing price-opening price)/opening price < = 0.5*0.17% , return points=+10
else
0.5*0.17% < abs(closing price-opening price)/opening price , return points=+25
Lose+5
10Win+50
if
0 < abs(closing price-opening price)/opening price < = 0.5*0.17% , return points=+20
else
0.5*0.17% < abs(closing price-opening price)/opening price , return points=+50
Lose+10
20Win+100
if
0 < abs(closing price-opening price)/ opening price < = 0.5*0.17% , return points=+40
else
0.5*0.17% < abs(closing price-opening price)/opening price , return points=+100
Lose+20
50Win+250
if
0 < abs(closing price-opening price)/opening price < = 0.5*0.17% , return points=+100
else
0.5*0.17% < abs(closing price-opening price)/opening price , return points=+250
Lose+50
100Win+500
if
0 < abs(closing price-opening price)/opening price < = 0.5*0.17% , return 积分=+200
else
0.5*0.17% < abs(closing price-opening price )/opening price , return points=+300
Lose+100
200Win+1000
if
0 < abs(closing price-opening price)/opening price < = 0.5*0.17% , return points=+400
else
0.5*0.17% < abs(closing price-opening price)/opening price , return points=+600
Lose+200
500Win+2500
if
0 < abs(closing price-opening price)/opening price < = 0.5*0.17% , return points=+1000
else
0.5*0.17% < abs(closing price-opening price)/opening price , return points=+1500
Lose+300
Abnormal state
N/A+0
+0
Note:
1.Failure of placing an order on the battle page (if order closed via web trading, mobile app, PC, API )
2.Scenario of abnormal error

IV. Other functions
1. Battle Badge & Points System
Badge
Points
Master
≥ 10,000,000
Diamond
1,000,000 ≤ Points < 10,000,000
Platinum
100,000 ≤ Points < 1,000,000
Gold
10,000 ≤ Points < 100,000
Silver
5000 ≤ Points <10,000
Bronze
< 5000
2. Winning Streak & Battle Point Leaderboards are automatically updated every 5 minutes.
2. Battle history
3. Share your battle result with your friends