To welcome the Lunar New Year of the Bull, Binance Futures is hosting a Spring Tournament from 2021-03-02 0:00:00 AM (UTC) to 2021-04-01 0:00:00 AM (UTC).
The tournament includes a Top 10 Team P&L competition, bonuses for Top 20 Most Popular Team Leaders, Daily ROI Rewards, and prizes for Picking the Top 10 P&L Teams. There is a total prize pool of over 1,600,000 USD in BNB tokens to be won! (Visit the tournament page here.)
Competition Dates:
Team leader sign-up period: 2021-03-02 0:00:00 (UTC) to 2021-03-17 0:00:00 (UTC).
Team member sign-up period: 2021-03-02 0:00:00 (UTC) to 2021-04-01 0:00:00 (UTC).
Competition period: 2021-03-17 0:00:00 (UTC) to 2021-04-01 0:00:00 (UTC).
Voting period: 2021-03-02 0:00:00 (UTC) to 2021-03-25 2:00:00 AM(UTC).
Top 10 Team P&L Competition - Total Prize Pool of up to $1,550,000 in BNB to be Won!
All teams trading Coin-margined and USDⓈ-margined contracts on Binance Futures during the competition period will be ranked based on their total Team USDT Profit (total sum of all individual team members’ USDT Profit, whose profit ＞0). Please note that USDT Profit from BUSD Futures contracts will be multiplied by a coefficient of 2 when calculating the final USDT Profit for the tournament.
| Dynamic Prize Pool Amount | |||||||||||
| The total prize pool for the Team USDT Profit Tournament will be determined based on the total number of team members across all participating teams. The more participants there are, the higher the total prize pool will be. The maximum prize pool is 1,500,000 USD in BNB tokens. | |||||||||||
| Total Participants | 1,000 | 3,000 | 5,000 | 10,000 | 25,000 | 50,000 | 100,000 | 150,000 | 200,000 | 250,000 | 500,000 |
| Total prize pool(USD in BNB) | 10,000 | 50,000 | 100,000 | 150,000 | 200,000 | 250,000 | 300,000 | 400,000 | 500,000 | 750,000 | 1,500,000 |
| Team USDT Profit Rewards | |||||||||||
| |||||||||||
| The distribution of rewards within each team will be as follows: | |||||||||||
| |||||||||||
| Bonus Pool for Top 20 Most Popular Team Leaders | |||||||||||
The Top 20 Team Leaders with the most qualified team members (counted by trading volume > 0 during the competition period) will receive bonuses. The more qualifying team members you have, the better your chances of taking a share of the bonus prize pool worth 51,000 USD in BNB. The reward structure is as follows:
| |||||||||||
Daily ROI Rewards 75,000 USD in BNB tokens to be won in total!
All users with a minimum total trading volume of 10,000 USDT across any Coin-margined and USDⓈ-margined contracts will be ranked based on their daily ROI. There are a total of 15 qualifying periods, starting at 2021-03-17 at 0:00:00 (UTC), and each qualifying period will run for 24 hours. Please note that ROI from BUSD Futures contracts will be multiplied by a coefficient of 2 when calculating the daily ROI for each run.
The reward structure for each daily ROI competition is as follows:
- 1st place will receive 1,000 USD in BNB tokens
- 2nd place will receive 500 USD in BNB tokens
- 3rd place will receive 300 USD in BNB tokens
- 4th - 10th place equally split a pool of 1,400 USD in BNB tokens
- 11th - 50th place equally split a pool of 1,800 USD in BNB tokens
Prizes for Picking the Top 10 P&L Teams
Users can also vote for the participating teams that they think will be in the Top 10 P&L Teams. At the end of the competition, users who have voted for the Top 10 P&L Teams can qualify to receive bonus rewards. Each voting ticket allows the user to vote once and for one of the participating teams in the competition. Users can vote more than once and for more than one team. Here are the rules to qualify:
- Users with a daily minimum total trading volume of 1,000 USD (BUSD and/or USDT) across any Coin-margined and USDⓈ-margined contracts will receive 1 voting ticket.
- Users who open a Futures account for the first time and accumulate the minimum total trading volume of 1,000 USDT across any Coin-margined and USDⓈ-margined contracts within the same day of opening their Futures account will receive 1 additional voting ticket.
- Users can also choose to acquire additional voting tickets by purchasing them on the tournament landing page for 1 BUSD each. Each user can purchase up to 10 voting tickets per day.
Voting rewards:
Binance has committed 20,000 BUSD tokens for the voting bonus pool, and all additional funds collected from the purchase of the voting tickets will be added to the voting bonus pool. At the end of the trading competition, users who voted for the Top 10 P&L teams will receive the following rewards:
| Voters’ Reward Structure |
|
| Individual Voters’ Rewards |
| The reward for each individual user who voted for the Top 10 Teams will be proportionate to their votes cast for the Top 10 Teams. The calculation is as follows: (total number of votes of the individual user in the top 1 team / total votes of the top 1 team) * 30% of the voting bonus pool + *** *** + (total number of votes of the individual user in the top 10 teams / total votes of the top 10 team) * 40% of the voting bonus pool/7 |
How to be a team leader or team member?
Be A Team Leader
- Team Leader Benefits
- Receive 30% of your team's total reward
- Your account will receive a referral bonus boost to 30%
- Get high-quality exposure from Binance media globally.
- The more team traders (>0 trading volume during the tournament period), the better chance you have of winning one of the “Top 20 Most Popular Team Leaders" rewards of 51,000 USD in BNB tokens.
- Notes for Team Leaders
- Once your team is created, you will not be able to make any further changes.
- Team leaders must have already opened a Binance Futures account and deposited at least 10 USDT in BTC (or 10 USDT in ETH, ADA or LINK, etc.) into your Binance Coin-margined Futures wallet or your Binance USDⓈ-margined Futures wallet before creating a team.
- Each team must have a minimum of 10 team members (Leader + 9 Members).
- If team leaders are unable to reach this requirement within 7 days of signing up, the team will be disbanded and members will be free to join other teams. There is no limit on how many team members can be in each team.
- Team leaders will be able to continue adding team members after the sign-up period ends and find their 10 strongest contributors.
- Share the team link to invite people to join your team to also acquire them as your referral. If existing Binance Futures users join your team, the referral relationship of the user will not be affected.
- During the competition period, team leaders are allowed to create their own community groups and provide valuable market analysis and guidance on how to trade on Binance Futures.
- Please note that the analysis provided by team leaders is not representative of the views of Binance in any way. Binance will not be held liable for any trading losses experienced by team members following guidance from team leaders.
Be A Team Member:
- All participants must have already opened a Binance Futures account and need to deposit at least 10 USDT in BTC (or 10 USDT equivalents in ETH, ADA or LINK, etc.) into your Binance Coin-margined Futures wallet or your Binance USDⓈ-margined Futures wallet, before joining a team.
- Participants can choose to join their favorite team from the tournament landing page. You will not be able to change teams after you join unless the team fails to reach 10 members within the required timeframe.
- Participants can join any team at any point during the competition period.
- Share the team link to invite people to join your team to also acquire them as your referral. If existing Binance Futures users join your team, the referral relationship of the user will not be affected.
Terms & Conditions
- Team USDT Profit Calculations:
➢ Final USDT Profit for each team = Sum of individual USDT profit of all team members with profit > 0 within the team
➢ Individual Final USDT Profit = ∑( USDⓈ-M Futures Asset 1 Profit * Daily close rate of Asset 1 against USDT+COIN-Ⓜ Futures Asset 2 Profit * Daily close rate of Asset 2 against USDT+ Total Deposits of Futures Account Assets in USDT）
➢ Total Deposits of Futures Account Assets in USDT=∑(Total Deposits of Asset 1 in USDⓈ-M Futures * Daily close rate of Asset 1 against USDT +Total Deposits of Asset 2 in COIN-M Futures * Daily close rate of Asset 2 against USDT)
➢ USDⓈ-M Futures Asset 1 Profit = Final Account Balance of Asset 1 (including unrealized PNL) - Initial Account Balance of Asset 1 (including unrealized PNL) + Withdrawals of Asset 1 - Deposits of Asset 1 - Referral bonuses of Asset 1 - BNB commission * Daily close rate of BNB against Asset 1
* PNL from BUSD Futures contracts will be multiplied by a coefficient of 2 when calculating USDⓈ-M Futures Profit
➢ COIN-M Futures Asset 2 Profit = Final Account Balance of Asset 2 (including unrealized PNL) - Initial Account Balance of Asset 2(including unrealized PNL) + Withdrawals of Asset 2 - Deposits of Asset 2 - Referral bonuses of Asset 2 - BNB commission * Daily close rate of BNB against Asset 2
- Individual Daily ROI Calculations:
➢ Individual Daily ROI = Individual daily USDT profit / (100USDT + USDⓈ-M Futures Initial Account Balance in USDT + COIN-M Futures Initial Account Balance in USDT)
➢ Individual USDT profit = ∑(USDⓈ-M Futures Asset 1 Daily Profit * Daily close rate of Asset 1 against USDT + COIN-Ⓜ Futures Asset 2 Daily Profit * Daily close rate of Asset 2 against USDT）
➢ USDⓈ-M Futures Asset 1 Daily Profit = Account Balance of Asset 1 at end of the day (including unrealized PNL) - Account Balance of Asset 1 at beginning of the day (including unrealized PNL) + Withdrawals of Asset 1 - Deposits of Asset 1 - Referral bonuses of Asset 1 - BNB commission * Daily close rate of BNB against Asset 1
* PNL from BUSD Futures contracts will be multiplied by a coefficient of 2 when calculating USDⓈ-M Futures Profit
➢ COIN-M Futures Asset 2 Daily Profit = Account Balance of Asset 2 at end of day (including unrealized PNL) - Account Balance of Asset 2 at beginning of day(including unrealized PNL) + Withdrawals of Asset 2 - Deposits of Asset 2 - Referral bonuses of Asset 2 - BNB commission * Daily close rate of BNB against Asset 2
- All participants must have opened a Binance Futures account and need to deposit at least 10 USDT (or 10 USDT equivalents in BTC, ETH, ADA or LINK, etc.) into their Binance Coin-margined Futures wallet or into their Binance USDⓈ-margined Futures wallet to join each activity during the competition period.
- All Coin-margined and USDⓈ-margined trading pairs are included in this tournament.
- Leaderboard ranks and results of each daily competition will be updated each day at 2:00 AM (UTC).
- Each day refers to 00:00 AM to 00:00 AM the next day (UTC).
- Users can win multiple prizes as long as they follow each competition’s terms and conditions.
- Sub-accounts will not be considered as individual participants. P&L and trading volume of sub-accounts will be combined with the master accounts standard P&L and trading volume in the final calculation.
- Rewards distribution:
- Rewards for USDT Profit and voting will be distributed within 2 weeks after the tournament. You will be able to log in and check your rewards via Account > coin-margined contract wallet.
- Daily rewards will be distributed on the day the winners are confirmed, you will be able to log in and check your rewards via Account > coin-margined contract wallet.
- The exchange rate of BNB and USDT will be based on the real-time exchange rate at the time of distribution.
- Binance reserves the right to disqualify trades that are deemed to be wash trades, illegal bulk account registrations, self-dealing, or display attributes of market manipulation, etc.
- If a team leader is disqualified from the competition, the corresponding 30% reward will be divided equally among team members of the team. Team members who meet 50,000 USDT trading volume on Binance Futures during the activity will qualify.
- Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
Risk Warning: Futures trading carries a substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movement. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and at your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures.