LIT Trading Competition - $50,000 in LIT to Be Won

2021-04-08 11:10

Competition Period: 2021-04-09 0:00 AM to 2021-04-15 11:59 PM (UTC)

Promotion A: NEW USER Exclusive Rewards of $5,000 in LIT

All users that register for a Binance account during the competition period and trade any LIT in eligible LIT trading pairs will qualify for a lucky draw, where 100 lucky winners will be randomly drawn to each win $50 in LIT tokens.

Promotion B: LIT Trading Competition - $35,000 in LIT to Be Won

The top 20 users ranked by effective trading volume (buys and sells) in eligible LIT trading pairs will share a pool of $35,000 in LIT tokens. The rewards will be split based on each user‘s total trading volume as a proportion of all qualified users’ total effective trading volume during the competition period.

Reward Calculation:

The reward for each user in the top 20 = (Each user’s total effective trading volume / Top 20 users’ total effective trading volume) * $35,000 in LIT tokens.

Important Note: The trading volume of Promotion B completed on a different day will be multiplied by a coefficient of the number.

Date	Coefficient
2021-04-09 00:00:00 AM - 2021-04-09 11:59:59 PM (UTC)	3
2021-04-10 00:00:00 AM - 2021-04-11 11:59:59 PM (UTC)	2
2021-04-12 00:00:00 AM - 2021-04-15 11:59:59 PM (UTC)	1

Promotion C: Trade LIT to Win from the Lucky Draw for $500 in LIT Tokens

All users with a total trading volume (including both buys and sells) of 1,000 LIT or more during the competition period will qualify for a lucky draw, where 20 lucky winners will be randomly drawn to each win $500 in LIT tokens.

Additional Margin Promotion Benefits:

0% borrowing interest on LIT margin trading pairs.
Trading volume completed via margin will be multiplied by a coefficient of 2.
All users that borrow LIT from Binance Margin will enjoy VIP+1 borrowing limit.

Terms & Conditions:

If you don’t 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.
Rewards will be distributed within 2 weeks after the competition ends. You will be able to log in and redeem your voucher via Account > Reward Center.
The validity period for the cash voucher is set at 14 days from the day of distribution.
How to Redeem a Cash Voucher.
Eligible LIT trading pairs: LIT/USDT, LIT/BTC.
The lucky draw rules of promotion A and promotion C follow the Lucky Draw Rules Bases on Binance Chain Hash Value.
Participants that win rewards in Promotion B will not be eligible to receive rewards from Promotion C.
Binance will use the average closing price at 11:59:59 PM (UTC) of the LIT/USDT trading pair during the competition period as the LIT exchange rate used for distribution.
Sub-account and margin account trading volume will be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
Trading volume counts both buys and sells, excluding any wash trades, across eligible LIT spot and margin trading pairs.
Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make its best efforts to choose high-quality coins, but will not be responsible for your trading losses.

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.