Binance and KAVA are together giving away a Tesla Cybertruck (worth 47,000 USD) and a total of 27,800 USD in KAVA tokens to celebrate KAVA being added to Binance Margin Trading with 3x leverage on its BTC and USDT trading pairs.
Activity Period: 2020/06/09 0:00 AM to 2020/06/16 0:00 AM (UTC)
Promotion A: Trade KAVA to Win a Tesla Cybertruck!
The top trader with the most KAVA trading volume during the activity period will win a Tesla Cybertruck, including a single motor RWD and full self-driving package (worth 47,000 USD). This includes buys and sells across all KAVA trading pairs on both spot and margin.
Trading volume completed via isolated margin and will be multiplied by a coefficient of 3.
Promotion B: Lucky Draw - Trade KAVA and Win from a Pool of 27,800 USD in KAVA Tokens.
Users ranked 11th, 21th, 31th, 41th, and so forth until the 1991st place of the top 2,000 KAVA traders based on their trading volume (including buys and sells) during the competition period will split a total of 27,800 USD in KAVA. Trading volume completed via isolated margin will also be multiplied by a coefficient of 3.
Promotion C: Zero KAVA borrowing fees on Binance Margin!
All users that borrow KAVA from Binance Margin will enjoy 0 borrowing fees and VIP+1 borrowing volume during the activity period. The borrowing structure is as follows:
| VIP | KAVA/BTC | KAVA/USDT | ||
| Base Limit | Quote Limit | Base Limit | Quote Limit | |
| Original Limit | 1,100 | 0.50 | 1,200 | 1600 |
| Regular | 2,200 | 1.00 | 2,400 | 3200 |
| VIP1 | 4,400 | 2.00 | 4,800 | 6400 |
| VIP2 | 6,600 | 3.00 | 7,200 | 9600 |
| VIP3 | 8,800 | 4.00 | 9,600 | 12800 |
| VIP4 | 11,000 | 5.00 | 12,000 | 16000 |
| VIP5 | 13,200 | 6.00 | 14,400 | 19200 |
| VIP6 | 15,400 | 7.00 | 16,800 | 22400 |
| VIP7 | 17,600 | 8.00 | 19,200 | 25600 |
| VIP8 | 19,800 | 9.00 | 21,600 | 28800 |
| VIP9 | 22,000 | 10.00 | 24,000 | 32000 |
Related links:
Terms & Conditions:
- Valid trading volume counts both buys and sells, excluding any wash trades. Trading volume completed via isolated margin will be multiplied by a coefficient of 3.
- If you donât have a Binance account, click here to get on with a 10% trading fee discount. The 10% trading fee discount will remain valid as long as the Binance referral program is in place.
- KAVA trading pairs include KAVA/BTC, KAVA/USDT, KAVA/BNB, with isolated margin also supported on KAVA/BTC and KAVA/USDT.
- The Tesla Cybertruck reward does not include taxes, fees, and shipping fees. The KAVA team supports replacing the Tesla with an equivalent reward in KAVA tokens.
- Binance will use the average price of KAVA/USDT trading pairs during the competition period as the exchange rate between USD and KAVA.
- Sub-account and margin account trading volume 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 illegal bulk registration accounts, self-dealing or display attributes of market manipulation, etc.
- Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards via Distribution History > Wallet > Account Center.
- Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
Risk warning: Cryptocurrency investment is subject to high market risk. Binance is not responsible for any direct, indirect or consequential losses as a result of the trading competition. Please make your investments with caution.
Note: This announcement was updated on 2022-03-14 to rename VIP 0 to regular accounts/users.