Binance and Fetch.ai are together committing a total of 100,000 USD in FET tokens to celebrate the launch of FET being added to Margin Trading with 3x leverage in BTC and USDT trading pairs.
Activity Period: 2020/06/17 0:00 AM to 2020/06/24 0:00 AM (UTC)
Promotion A: FET Trading Competition, $80,000 in FET to Be Won!
Users will be ranked in terms of their total FET trading volume traded on their Binance account (including both buys and sells on spot and margin) across all FET trading pairs during the activity period.
Important: FET trading volume completed via isolated margin will be tripled when being counted into each userâs total trading volume.
The reward structure is as follows:
1st place: 20,000 USD in FET tokens.
2nd place: 15,000 USD in FET tokens.
3rd place: 10,000 USD in FET tokens.
4th-10th place: split 35,000 USD in FET tokens for 5,000 USD in FET each.
Promotion B: Trade FET to Share a Prize Pool of $20,000 in FET Tokens!
All users with total trading volume (including both buys and sells on spot and margin) of 100,000 FET or more will equally share a prize pool of 20,000 USD in FET tokens.
Promotion C: Zero FET borrowing fees on Binance Margin!
All users that borrow FET from Binance Margin will enjoy 0 borrowing fees and VIP+1 borrowing volume. The borrowing limit structure is as follows:
| VIP | FET/BTC | FET/USDT | ||
| Base Limit | Quote Limit | Base Limit | Quote Limit | |
| Original Limit | 100,000 | 0.50 | 75,000 | 3,000.00 |
| Regular | 200,000 | 1.00 | 150,000 | 6,000 |
| VIP1 | 400,000 | 2.00 | 300,000 | 12000 |
| VIP2 | 600,000 | 3.00 | 450,000 | 18000 |
| VIP3 | 800,000 | 4.00 | 600,000 | 24000 |
| VIP4 | 1,000,000 | 5.00 | 750,000 | 30000 |
| VIP5 | 1,200,000 | 6.00 | 900,000 | 36000 |
| VIP6 | 1,200,000 | 6.00 | 900,000 | 36000 |
| VIP7 | 1,200,000 | 6.00 | 900,000 | 36000 |
| VIP8 | 1,200,000 | 6.00 | 900,000 | 36000 |
| VIP9 | 1,200,000 | 6.00 | 900,000 | 36000 |
Related links:
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.
Terms & Conditions:
- Users that win rewards for ranking in the top 10 in FET trading volume will not be eligible to receive rewards from the bonus activity.
- Valid trading volume counts both buys and sells on spot and margin, excluding any wash trades. Trading volume completed via isolated function will be triple counted into total trading volume.
- FET trading pairs include FET/BTC, FET/USDT, FET/BNB, with isolated margin also supported on FET/BTC and FET/USDT.
- Binance will use the average price of FET/USDT trading pairs during the competition period as the exchange rate between USD and FET for prize distribution.
- Participants will not be eligible to win multiple prizes across Promotion A and Promotion B.
- Sub-account and margin account trading volume will be combined with the master accountâs total 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, self-dealing or display attributes of market manipulation, etc.
- Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards via your Distribution History 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.
Note: This announcement was updated on 2022-03-14 to rename VIP 0 to regular accounts/users.