Binance Futures is thrilled to announce the launch of the new Futures Grand Tournament! All eligible regular and VIP 1-6 users can participate and stand to share up to 1,800,000 USDT in token voucher rewards, 1,400 limited-edition Cyberworld NFTs and more exclusive rewards!
@BinanceFutures will share the promotion page on Twitter by 2023-05-24 (UTC).Â
The tournament comprises the following activities:Â
Referral Challenge: Complete tasks to collect Referral Challenge Points and receive NFTs that multiply the profit in PNL calculations, as well as voucher rewards.
Team Competition: A competition between teams for the best PNL (Profit and Loss) performance.Â
Individual Competition: An individual tradersâ competition for the top ROI.Â
Welcome Rewards: An exclusive rewards pool for new futures users only.
Futures Bonus Center: Limited voucher offers for both new and existing futures users, which will be available on a first-come, first-served basis.
Duration of the Tournament:
Referral Challenge Period: 2023-05-24 00:00 (UTC) to 2023-05-31 23:59 (UTC)
Welcome Rewards Offer Period: 2023-05-24 00:00 (UTC) to 2023-06-21 23:59 (UTC)
Trading Competition Period: 2023-06-01 00:00 (UTC) to 2023-06-21 23:59 (UTC)
Futures Bonus Center Availability Period: 2023-06-01 00:00 (UTC) to 2023-06-21 23:59 (UTC)
How to Participate:Â
Step 1: Login to your Binance Futures account. If you donât have a Binance Futures account yet, please sign up here.
Step 2: Register for the tournament on the promotion page.
Dynamic Rewards Pool (in USDT Equivalent):
The total rewards pool for each activity is dynamic and will be determined based on the total number of eligible participants*. The rewards pool will keep increasing as the number of eligible participants increases, with the maximum rewards pool being 1,800,000 USDT equivalent. * Note: An eligible participant refers to a user who has registered for the Futures Grand Tournament and has a total futures trading volume of at least 500 USDT equivalent in 2023.
Activity A: Referral Challenge - Complete Tasks to Share 10,000 USDT in Futures Bonus Vouchers and 1,400 Limited-Edition Cyberworld NFTs!
Referral Challenge Period: 2023-05-24 00:00 (UTC) to 2023-05-31 23:59 (UTC)
For each day of the Referral Challenge Period (i.e., 00:00 UTC to 23:59 UTC), all registered participants can collect Referral Challenge Points by completing various tasks, as per the table below. Participants who accumulate eight points per day shall qualify to enter a daily challenge, where 175 users will be selected daily based on the Challenge Rules to each receive a Binance Futures Grand Tournament Limited Edition Cyberworld NFT.
On top of that, for each day of the Referral Challenge Period, all users who attain at least 15 points will be ranked by the number of Referral Challenge Points they have accumulated that day. The top 250 users per day will each receive a 5 USDT Futures Bonus Voucher.Â
Please note that the number of challenge points accumulated by each user will be reset daily. The Binance Futures Grand Tournament Limited Edition Cyberworld NFT comes in 16 types and four rarity levels: Super Super Rare (SSR), Super Rare (SR), Rare (R), and Normal (N).Â
Referral Challenge Points Accumulation Rules:Â
Please note:
There is no limit to the Referral Challenge Points that each participant can accumulate every day. Each user can qualify to receive multiple NFTs and Futures Bonus Vouchers on different days in Activity A.Â
Users will receive Referral Challenge Points for the referral tasks only when their referrals get their accounts verified. Verification usually takes several days after necessary documents are submitted.
Profit calculation in the Team Competition and Individual Competition activities will vary depending on whether one holds a Binance Futures Grand Tournament Limited Edition Cyberworld NFT, as well as the rarity of the NFT held. The profit from Team Competition and Individual Competition will be multiplied by a coefficient, according to the table below. This will thereby influence PNL calculations for the respective activities.Â
If users hold more than one Binance Futures Grand Tournament Limited Edition Cyberworld NFT, which are of different NFT rarity levels, Binance will use the rarer NFTâs NFT coefficient for the calculation of profit in the Team Competition and Individual Competition activities.Â
NFT Coefficient Table:
Activity B: Team Competition - ďźove Up the Leaderboard With Your Team & Share Up to 1,200,000 USDT in Token Vouchers!
Trading Competition Period: 2023-06-01 00:00 (UTC) to 2023-06-21 23:59 (UTC)
All teams trading COIN-M and USDâ-M contracts on Binance Futures during the Trading Competition Period, will be ranked based on their sum of Team Daily PNL during the Competition Period. Team Daily PNL is calculated by adding up the daily PNL of the teamâs top ten eligible users* who accumulate the highest PNL on Futures during the Trading Competition Period.
Please note:
Users can create their own teams for this Team Competition by submitting a Team Leader application via the promotion page. Each application may take several days to process, and Team Leaders can proceed to recruit team members once their application is approved. For more information, please refer to the promotion page that will be shared on Twitter.Â
Eligible users* refer to users whose daily trading volume on Futures is at least 20,000 USDT equivalent during the Trading Competition Period.
If less than ten team members reached a daily futures trading volume of at least 20,000 USDT equivalent each during the Trading Competition Period, the daily PNL of all team members will be recorded.
Depending on the highest rarity of the Binance Futures Grand Tournament Limited Edition Cyberworld NFT(s) held, the NFT holdersâ profit calculation from the Team Competition will be multiplied by a coefficient, according to the NFT coefficient table above. This thereby affects the calculation of the sum of Team Daily PNL on the leaderboard.
If more than one team has the same sum of Team Daily PNL during the Trading Competition Period, the team with a higher total futures trading volume during the Trading Competition Period will receive a higher ranking.
If more than one team member has the same PNL during the Trading Competition Period, the user with the higher total futures trading volume during the Trading Competition Period will be considered as a greater profit contributor.
The Team Competition Rewards Pool will be distributed as follows:
Team Rewards:
Rewards Distribution Within Each Team:
Activity C: Individual Competition - Daily ROI Rewards to Be Won!
Trading Competition Period: 2023-06-01 00:00 (UTC) to 2023-06-21 23:59 (UTC)
All individual participants trading COIN-M and USDâ-M contracts on Binance Futures during the Trading Competition Period will be ranked based on their daily ROI. There are a total of 21 qualifying periods, starting at 2023-06-01 00:00 (UTC). Each qualifying period will go on for 24 hours.
Please note:
Each Individual Daily Rewards Pool is one twenty-first of the Individual Competition Rewards Pool, which keeps increasing with an increase in the number of eligible participants. The Individual Competition Rewards Pool is capped at 300,000 USDT in token vouchers.
Depending on the highest rarity of the Binance Futures Grand Tournament Limited Edition Cyberworld NFT(s) held, the NFT holdersâ profit calculation from the Individual Competition will be multiplied by a coefficient, according to the NFT coefficient table. This thereby affects the calculation of Daily ROI on the leaderboard.
If more than one individual participant attains the same Daily ROI, the user with the higher total futures trading volume during the Trading Competition Period will receive a higher ranking.
The Individual Competition Rewards Pool will be distributed as follows:
Individual Reward Structure for Each Day:
Activity D: Welcome Rewards - Register and Trade Futures for the First Time to Share Up to 300,000 USDT and 1 BNB in Token Vouchers!
Welcome Rewards Offer Period: 2023-05-24 00:00 (UTC) to 2023-06-21 23:59 (UTC)
All registered participants who trade futures for the first time during the Welcome Rewards Offer Period, will be eligible to equally share the Welcome Rewards Pool of up to 300,000 USDT in token vouchers. The final Welcome Rewards Pool unlocked is dependent on the total number of eligible participants in the Futures Grand Tournament.Â
On top of that, one winner will be selected among all eligible users based on the Challenge Rules to receive 1 BNB in token voucher.
Activity E: Futures Bonus Center - Access Exclusive Voucher Offers Worth Up to 10 USDT
Futures Bonus Center Availability Period: 2023-06-01 00:00 (UTC) to 2023-06-21 23:59 (UTC)Â
The Futures Grand Tournament also introduces the Binance Futures Bonus Center, where both new and existing users who register for the tournament can access exclusive offers on a first-come, first-served basis:
Newbie Package: 5 USDT Futures Bonus Voucher
The first 10,000 users who have never traded futures before 2023-06-01 00:00 (UTC) and register for the tournament can claim 5 USDT in Futures Bonus Voucher on a first-come, first-served basis.
Exclusive Package: 10 USDT Trading Fee Rebate Voucher
The first 1,000 users who register for the tournament can purchase 10 USDT Trading Fee Rebate Vouchers at 1 USDT each on a first-come, first-served basis.
Terms and Conditions:
All promotions are only available to users who are eligible for Binance Futures trading and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements.Â
Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Futures trading services in each country/region from which the services are accessed.Â
Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of the Binance Futures trading services from time to time in its sole discretion at any time without notification.
The Futures Grand Tournament is open to regular and VIP 1-6 users only. Eligible users must have their account verifiedâ before registering for the tournament. Please register here if you do not have a Binance account.
Only users who have registered for the tournament will be eligible for any rewards.
Rewards Distribution:
For Activity A: Futures Bonus Voucher rewards will be distributed within two days after the end of each day of the Referral Challenge Period. NFTs will be distributed within two days after each daily Referral Challenge is complete. Users can find their NFTs via Binance NFT Marketplace > My NFTs > Collected.
For Activity E: All Futures Bonus Voucher and Trading Fee Rebate Voucher rewards will be distributed to usersâ accounts immediately after users complete the necessary redemption/purchase at the Futures Bonus Center.Â
Token voucher rewards will be distributed within 30 days after 2023-06-21 23:59 (UTC).
Users will be able to log in and redeem all voucher rewards via Account > Rewards Hub.Â
All voucher rewards will expire within 30 days after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a Binance voucher.
Each day runs from 00:00 to 23:59 (UTC) on the same day.
Sub-accounts will not be considered as individual participants. PNL and trading volume of sub-accounts will be combined with the master accountsâ standard PNL and trading volume in the final calculation.
Trades on all COIN-M and USDâ-M trading pairs will count as eligible trades in the Futures Grand Tournament.
The effective trading volume counts both buys and sells, excluding any wash trades.
Rewards are not mutually exclusive. Users can win multiple prizes as long as they meet the relevant terms and conditions.
Leaderboard ranks and results will be updated at approximately 06:00 (UTC) daily.
Binance reserves the right to mint 200 more Binance Futures Grand Tournament Limited Edition Cyberworld NFTs to reward community members.
Binance reserves the right to disqualify trades that are deemed to be wash trades, illegal bulk account registrations, self-dealing, or display signs of market manipulation, etc.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these activities, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.
Additional promotion terms and conditions apply and can be accessed here.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment can go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.