To support the current DOT Slot Auction, Binance will be launching a promotion featuring a prize pool of $12,000 worth of DOT.
$12,000 DOT Prize Pool Promotion: Buy & Deposit Fiat to Share DOT Prizes
Activity Period: 2021-12-02 09:00 AM (UTC) to 2021-12-09 09:00 AM (UTC)
A tier and the corresponding prize pool will be unlocked when the number of eligible participants hit a certain threshold. When the total number of eligible users reach 8,000, the total value of the prize pool will increase to $12,000.
Users who fulfill any of the three tasks below will be eligible to receive an equal share of the DOT prize pool:
- Task 1: Make a crypto purchase via Credit or Debit Card of at least $50 worth of DOT tokens
- Task 2: Deposit fiat of at least $50 equivalent in available currencies AND spot trade at least $50 worth on any DOT pairs
- Task 3: If you are a Tokocrypto user, connect your Tokocrypto wallet to your Binance account AND spot trade at least $50 on DOT/BIDR pair
DOT Prize Distribution will be as per the table below:
Tier | Minimum No. of Eligible Participants | Prize Pool in DOT |
1 | 500 | $500 |
2 | 1,200 | $2,000 |
3 | 2,500 | $4,000 |
4 | 5,000 | $8,000 |
5 | 8,000 | $12,000 |
Participate in DOT Slot Auction, Get BDOT at 1:1 Ratio
Auction Period: 2021-11-11 09:00 AM (UTC) to 2021-12-20 11:59 PM (UTC)
Stake min. 0.1 DOT to support any of the parachain projects available during the 5 rounds of auctions on Binance.
Users who stake at least 0.1 DOT will receive BDOT on a 1:1 basis. BDOT is an exclusive tokenized asset representing your staked DOT on a 1:1 basis that is only available for DOT Auction participants on Binance.
DOT to BDOT swapping feature will be available within 45 days when the auction period ends!
Stake DOT for a chance to receive additional rewards from DOT parachain projects:
- Depending on the projects you vote for during the 35-day Slot Auction Period, varying rewards will be distributed by the parachain projects.
- Some projects will subsidize users' income during the 35-day voting period and some won’t. If the projects distribute any rewards, Binance will distribute 100% of it to voting users based on the amount of DOT they stake, approximately 5 days after the Auction Period ends.
Getting started:
- Vote for your favourite DOT Parachain Projects
- Polkadot (DOT) Slot Auction FAQ
- How to buy DOT with a card?
- How to deposit fiat and trade DOT?
- How to connect to Tokocrypto Connect Wallet on Binance.com?
Terms and conditions:
- All users should click the [register now] button on this page to successfully participate in the promotion.
- This promotion only applies to successful transactions on Binance. Please note that certain fiat currencies are not available for deposits at present time.
- Binance will use the local currency to USD foreign exchange rate at 2021-12-09 09:00 AM (UTC) for the calculation of the $50 deposit and card purchase volume requirements.
- Binance will use the price of DOT/BUSD at 2021-12-09 09:00 AM (UTC) as the DOT exchange rate used for calculating the $50 spot trade volume requirement, as well as for rewards distribution.
- Rewards will be allocated in DOT to winners’ Binance wallets within 14 days after the promotion ends. Users can see their rewards by selecting the Account Center > Wallet > Distribution.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- Binance reserves the right to cancel or amend the Promotion or Promotion Rules at our sole discretion.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Risk warning: Trading cryptocurrencies involves significant risk and can result in the loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, purchase objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.