Binance is launching a new trading competition on Binance Liquid Swap. During the competition period, all users who trade in the PHA/USDT Pool will stand a chance to share 65,000 PHA tokens.

Competition Period: 2021-09-15 00:00 AM (UTC) - 2021-09-22 00:00 AM (UTC)

Promotion A: Liquid Swap New User Exclusive Rewards of 20,000 PHA Tokens!

Each Liquid Swap new user who has never swapped on Binance Liquid Swap before the promotion, will share an exclusive prize pool of 20,000 PHA tokens evenly on the condition that the user reaches the minimum trading volume of 1,000 PHA (buy and sell) in the PHA/USDT Pool during the promotion period.

Promotion B: Trading Competition - 45,000 PHA Tokens to Be Won!

During the competition period, all users who trade in the PHA/USDT Pool on Binance Liquid Swap will be ranked by their trading volume, excluding any wash trades. The top 30 users will share a pool of 45,000 PHA tokens.

Reward Calculation:

User Rank	PHA tokens / user
1	10,000
2-5	5,000
6-30	600

Guides and Related Materials:

• How to Farm Yields in Liquid Swap
• About Binance Liquid Swap
• Binance Liquid Swap User Agreement
• How to use Binance Liquid Swap - Liquidity
• How to use Binance Liquid Swap - Swap
• How to check share and history of Binance Liquid Swap

Notes:

• For users who are interested in participating in Binance Liquid Swap, please refer to the FAQ and the API Docs.
• Only swap volume counts towards the final ranking, excluding all wash trades.
• Sub-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 competition.
• During the competition, the trading volume of each currency in the select liquidity pool is denominated in USDT and will be calculated based on the exchange rate at the time of the transaction.
• Rewards will be paid out within two weeks after the competition ends in PHA tokens based on the exchange rate of PHA and USDT at the time of the payout. You can login and check the prize via Account Center -> Distribution.
• 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 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.