Fellow Binancians,
Thank you for your participation in the BTCUSD Quarterly Futures Trading Competition thus far. Since launching the activity, we have received strong feedback and discussion on various rules within this competition.
To ensure fairness and impartiality in this activity, Binance will use the following updated calculation method for the ongoing Daily ROI competitions starting from 2020/07/03 0:00 AM (UTC).
Updated Daily Returns Calculations:
BTC Profit = Final Account BTC Balance (including unrealized pnl) - Initial Account BTC Balance (including unrealized pnl) + BTC Withdrawals - BTC Deposits - BTC Referral bonuses.
BTC ROI = BTC Profit Amount / (Initial Account BTC Balance + 0.001 BTC + Time-Weighted BTC Deposits)
Time-Weighted BTC Deposit = BTC Deposits * (Competition time remaining in seconds) / 86,400
The time remaining on each daily ROI competition starts at 86,400 and decreases to 0. Deposits at the start of the competition receive full weight. After 12 hours, deposits will only have a 50% weighting. After 23 hours have passed, deposits will receive a 1/24 weighting and so on.
Please note:
Thanks for your support!
Binance Team
2020/07/03
Trade on the go with Binance’s mobile crypto trading app:
Find us on
Telegram: https://t.me/binanceexchange
Twitter: https://twitter.com/binance
Facebook: https://www.facebook.com/binance
Instagram: https://www.instagram.com/binance