Binance and the WAVES team have committed a total of 100,000 USD in WAVES tokens as prizes to celebrate WAVES/USDT Perpetual Futures contract being listed on the Binance Futures platform.
Competition period: 2020/08/14 0:00 AM to 2020/08/21 0:00 AM (UTC)
Promotion A: NEW USER Exclusive Rewards, $20,000 in WAVES Tokens to Be Won!
The first 2,000 users that open a Binance Futures account and complete trading volume of 1,000 USDT or more (incl buys & sells) in the WAVES/USDT perpetual contract during the promotion period will each win 10 USD in WAVES tokens. Rewards will be distributed based on a first-come, first-served basis to the first 2,000 users that meet requirements.
Promotion B: USDT Profit Ranking Competition, $30,000 in WAVES Tokens to Be Won!
All users will be ranked based on their final USDT PNL across all USDT-â futures contracts during the competition. To be eligible, users also need to have at least 10,000 USDT in trading volume completed on the WAVES/USDT perpetual contract. The reward structure is as follows:
1st Place: 8,000 USD in WAVES tokens
2nd Place: 5,000 USD in WAVES tokens
3rd Place: 2,000 USD in WAVES tokens
4th - 10th Place: equally split a pool of 15,000 USD in WAVES tokens
Promotion C: USDT Profit Lucky Draw Competition, $50,000 in WAVES Tokens to Be Won!
Users with a minimum total trading volume of 10,000 USDT or more on the WAVES/USDT perpetual contract will be entered into a lucky draw, where 500 lucky winners will be randomly drawn to each win 100 USD in WAVES tokens.
- The lucky draw rules are as follows.
- We will take the final 8 numeric digits of the last Binance chain hash value at 2020/08/21 0:00 AM (UTC) as the winning number.
- We will then use this winning number to match User IDs from the first digit onward. The 500 lucky winners whose IDs have the most consecutive identical digits will win the lucky draw.
- If the number of matches exceeds the number of winners, we will then further select winners based on their User IDs in ascending order (The earlier the registration time, the lower the UID number).
- For example:
- Assume that the last Binance Chain block hash value before 2020/08/21 0:00(UTC) is: 3E53A755905113FD1738F0A585D65CE4AC942AAF214625512E30A07FBBA5DFA5
- Removing the letters from the hash value gives us a string of numbers: 3537559011317380585654942214625512300755
- The winning number is 12300755.
- Comparing the last 8 digits of all User IDs, if it matches the last 8 digits of the winning number 12300755, the user will be a winner.
- If the first digit does not match, the last 7 digits of the User IDs are compared. If they match the last 7 digits of the hash value 2300755 exactly, the user will be a winner.
- If the first 2 digits do not match, the last 6 digits of the User IDs are compared. If they match the last 6 digits of the hash value 300755 exactly, the user will be a winner.
Notes & Terms:
- The Top 10 ranked users in promotion B are not eligible to participate in Promotion C.
- Individual USDT Profit = Final Account Balance (including unrealized pnl) - Initial Account Balance (including unrealized pnl) + Withdrawals - Deposits - Referral bonuses.
- 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.
- Total valid trading volume counts both buys and sells, excluding any wash trades.
- Binance will use the real price of the WAVESUSD perpetual contract trading pair during the competition period as the exchange rate between USD and WAVES for prize distribution.
- Sub-account trading volume and ROI will be combined with the master accounts standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
- 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.
- Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards via the Distribution History page in the Account Center.
- Binance reserves the right to cancel or amend any Activity or Activity 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.