Binance P2P is excited to present a new Makers Competition in Laos, Cambodia and Myanmar. During the activity period, users who post advertisements featuring the LAK, KHR, MMK and USD fiat currencies on Binance P2P, will stand a chance to share a rewards pool of 5,000 BUSD in token vouchers and receive VIP+1 upgrades.
Activity Period: 2023-01-20 00:00 (UTC) to 2023-02-03 00:00 (UTC)
To qualify for this activity, users must either reach a higher maker volume or successfully complete more orders on Binance P2P during the activity period than those attained during the period between 2023-01-05 00:00 (UTC) to 2023-01-19 00:00 (UTC).
Each eligible user will receive a score based on their maker volume and the number of orders they successfully complete on Binance P2P during the activity period, as per the following calculation method:
- Overall score for each eligible user = [50% x (user’s maker volume / total maker volume by all eligible users)] + [50% x (number of orders completed by user / number of orders completed by all eligible users)]
The top 20 eligible users ranked by their scores will qualify to share a rewards pool of 5,000 BUSD in token vouchers, and receive a VIP+1 upgrade each. These eligible users will split the 5,000 BUSD token voucher rewards pool, based on their respective maker volume as a proportion of the total maker volume reached by all top 20 eligible users during the activity period.
- Reward for each eligible user = (user’s maker volume / total maker volume reached by top 20 eligible users) * 5,000 BUSD token vouchers
- The VIP upgrades are only applicable to regular users and VIP 1-2 users. The highest VIP level that can be obtained by qualifying for the VIP upgrade will be VIP 3.
- Please visit Binance Institutional to check your current VIP level. Learn more about how to become a Binance VIP.
Terms & Conditions:
- The Binance Terms and Conditions for Prize Promotions apply to this activity.
- The promotion is only available to local makers who have completed KYC in Laos, Cambodia and Myanmar. Verified P2P merchants are eligible to participate in this activity as well.
- Maker: When you place an ad that goes on the order book on p2p.binance.com, any subsequent trades coming from that order will be as a “maker”. These ads add liquidity to the order book, helping to "make the market", and are therefore termed the "maker" for any subsequent trades.
- This promotion is available to P2P trading activities in LAK, KHR, MMK and USD only.
- Token voucher rewards will be distributed within three weeks after the activity ends. You will be able to log in and redeem your voucher rewards via Account > Reward Center.
- The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a token voucher.
- To participate in this activity, either the maker volume or number of successful orders completed by the participating user on Binance P2P during the activity period must be higher than those completed by the same user between 2023-01-05 00:00 (UTC) to 2023-01-19 00:00 (UTC).
- Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.
- Binance reserves the right to disqualify trades that are deemed to be illegally bulk registered accounts.
- Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.
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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.