The Streamr project recently launched its Data Union framework, a cutting-edge system that empowers Internet users around the world to sell their own data. To celebrate, Binance is running a Streamr DATAcoin trading competition. This DATA trading competition will feature 3 promotions.
Competition Period: 2020/10/16 0:00 AM to 2020/10/22 23:59 PM (UTC)
Promotion A: New User Promo: Exclusive Rewards of 10,000 USD in DATA!
All users that register for a Binance account during the competition period and complete any 1 of the 2 tasks below will share an exclusive prize pool of 10,000 USD in DATA tokens.
- Trade 2,500 DATA or more in any DATA trading pairs.
- Deposit 2,500 DATA or more in a Binance account from an external wallet or another exchange.
Promotion B: DATA Trading Competition
All users with a total trading volume of 25,000 DATA or more during the competition period will share a pool of 50,000 USD in DATA tokens, based on the proportion of each userâs total DATA trading volume.
Reward Calculation:
The reward for each qualified user = (Each userâs total effective trading volume / all qualified usersâ total effective trading volume) * $50,000 in DATA tokens.
Promotion C: Special DATA Event in Binance Savings
The special event will be opened to users who traded DATA on their Binance account during the competition period.
- Subscription Format: First-come, first-served basis.
- Subscription Period: From 2020/10/23 12:00 PM (UTC) to 2020/10/24 12:00 PM (UTC).
- Interest Calculation Period: 2020/10/24 12:00 PM (UTC) to the end of each respective product period.
- Interest Payout Time: Immediately after the loan term matures.
| Digital Asset | Term to Maturity | Total Subscription Cap | Annualized Interest Rate | Lot Size | Interest Per Lot at Maturity |
| DATA | 14 days | 25,000,000 DATA | 12% | 1,000 DATA | 4.6 DATA |
| DATA | 30 days | 25,000,000 DATA | 20% | 1,000 DATA | 16.44 DATA |
Terms & Conditions:
- Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and redeem your voucher via Account > Reward Center.
- The validity period for the cash voucher is set at 7 days from the day of distribution.
- How to Redeem a Cash Voucher.
- If you donât 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.
- Binance will use the average closing price at 11:59:59 PM (UTC) of DATA/USDT trading pairs during the competition period as the DATA/USDT exchange rate used for distribution.
- Trading volume counts both buys and sells, excluding any wash trades, across all DATA trading pairs.
- Sub-account and margin 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 illegal bulk registration accounts, self-dealing or display attributes of market manipulation, etc..
- 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.