ALGO/USDT Perpetual Futures Trading Competition - $250,000 in ALGO to be Won!

2020-06-24 04:37

Binance and Algorand have together committed a total of 250,000 USD in ALGO tokens to give away to our users worldwide to celebrate the ALGO/USDT perpetual contract being added to Binance Futures.

Competition Period: 2020/06/18 00:00 AM to 2020/06/25 0:00 AM (UTC)

Promotion A: Trade ALGO/USDT Perpetual Futures to Win from a Pool of $100,000 USD in ALGO Tokens!

All Users will be ranked in terms of the ALGO/USDT perpetual contract trading volume traded on their Binance futures account (including both buys and sells) during the activity period. The reward structure is as follow:

1st place: 30,000 USD in ALGO tokens.

2nd place: 20,000 USD in ALGO tokens.

3rd place: 10,000 USD in ALGO tokens.

4th-10th place: split 40,000 USD in ALGO tokens equally.

Promotion B: Complete Tasks on Binance Futures, 150,000 USD in ALGO Tokens to be Won!

All users that complete the tasks listed below during the competition period will be rewarded with a share of 150,000 USD in ALGO Tokens.

Task 1: Refer a friend with your Binance Futures referral code and have them successfully open a Binance Futures account.
Task 2: Complete a combined 50,000 USDT or more equivalent trading volume in the ALGO/USDT perpetual futures contract or in the BTCUSD 0925 quarterly futures contract (trading volume in either contract will contribute to completing the task).
Task 3: Share your ALGO/USDT ROI image from the Binance App and include the hashtag: #BinanceFuturesALGO on social media (Twitter, Facebook or Instagram) and then take a screenshot. Submit your Binance user ID (please check your user ID at the top of user center) + sharing screenshot in this form.

Rewards

Complete any 2 out of the 3 tasks above and equally share a total prize pool of $50,000 USD in ALGO tokens.
Complete all 3 tasks and equally share a total prize pool of $100,000 USD in ALGO tokens.
Users that complete 3 tasks will not receive rewards for completing 2 tasks.

Related Links：

Terms：

Winners of promotion A can also win rewards in Promotion B.
Referring a friend to open a Binance Futures account in Task 1 includes both new users and also existing users that previously did not have a Binance Futures account.
If you have not opened a Binance account yet, you can click here for an additional 10% discount on trading fees. 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.
Sub-accounts will not be viewed as independent accounts when participating in this activity.
The exchange rate between ALGO and USDT will be based on the average ALGO/USDT perpetual contract price during the competition.
Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards in the Distribution History section of your Account Center.
Binance reserves the right to disqualify trades that are deemed to be wash trades or from illegally bulk registered accounts, self-dealing or display attributes of market manipulation, etc.
Binance reserves the right to cancel or amend the Competition or Competition Rules at our sole discretion.

Risk warning: Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balance in your futures wallet may be liquidated.