Binance Unveils $100,000 BNB Spot Trading ROI Competition
Binance
has
announced
its
first-ever
limited-time
spot
trading
ROI
competition,
giving
users
the
opportunity
to
win
a
share
of
$100,000
in
BNB
rewards
and
exclusive
Binance
VIP
swag.
This
competition
is
open
to
all
users
who
achieve
a
return
on
investment
(ROI)
of
at
least
1%
during
the
activity
period,
according
to
Binance.
Activity
Period
The
competition
runs
from
August
22,
2024,
at
00:00
(UTC)
to
September
11,
2024,
at
23:59
(UTC).
Participants
must
opt-in
by
registering
on
the
dedicated
landing
page.
The
ROI
calculation
will
start
from
the
day
of
opt-in
at
00:00
(UTC+0)
during
the
activity
period.
How
to
Participate
-
Opt-in
by
clicking
the
register
button
on
the
Binance
landing
page. -
Start
trading
on
Binance
Spot
products
and
achieve
an
ROI
of
at
least
1%. -
Accumulate
a
minimum
trading
volume
equivalent
to
$1,000
on
Binance
Spot. -
Check
rankings
via
the
leaderboard,
which
updates
every
24
hours.
Rewards
Structure
Rewards
will
be
distributed
based
on
the
final
ROI
leaderboard
ranking
at
the
end
of
the
activity
period.
The
reward
structure
is
as
follows:
-
1st
place:
$1,280
in
BNB
token
voucher -
2nd
place:
$880
in
BNB
token
voucher -
3rd
place:
$580
in
BNB
token
voucher -
4th-10th
place:
$380
in
BNB
token
voucher
each -
11th-50th
place:
$180
in
BNB
token
voucher
each -
All
other
qualified
participants
with
a
positive
ROI
of
at
least
5%
will
share
a
consolation
prize
pool
worth
$87,400
in
BNB
rebate
vouchers.
ROI
Calculation
The
Spot
ROI
calculation
formula
is
as
follows:
Spot
ROI
calculation
=
(Final
spot
wallet
balance
–
Initial
spot
wallet
balance
–
Net
deposit)
/
(Initial
spot
wallet
balance
+
total
deposit)
For
example,
if
User
A
has
an
initial
spot
wallet
balance
of
1,000
USDC,
deposits
1
BNB
at
500
USDC,
and
later
sells
2
BNB
at
600
USDC
each,
the
ROI
would
be
calculated
as
20%.
Exclusive
Bonus
for
VIP
0-3
Users
The
top
10
eligible
VIP
0-3
users
with
the
highest
ROI
and
more
than
$1M
in
trading
volume
on
Binance
Spot
will
receive
a
Binance
VIP
Merchandise
Gift
Pack,
which
includes
Open
Run
Pro
Headphones,
a
duffle
bag,
a
blanket,
a
cap,
and
socks.
If
shipping
is
not
possible,
a
$200
BNB
token
voucher
will
be
provided
instead.
Terms
and
Conditions
-
Participants
must
agree
to
the
Activity
Terms,
Binance
Terms
and
Conditions
for
Prize
Promotions,
Binance
Terms
of
Use,
and
Binance
Privacy
Notice. -
Only
users
from
qualified
regions
who
complete
KYC
by
the
end
of
the
activity
period
are
eligible
for
rewards. -
Trading
volumes
on
FDUSD,
TUSD,
and
USDT
trading
pairs
do
not
count
towards
the
trading
volume
requirement
for
EEA
users. -
Rewards
will
be
distributed
as
token
vouchers
and
rebate
vouchers
within
three
weeks
after
the
campaign
ends.
Token
vouchers
must
be
claimed
within
two
weeks
of
distribution. -
Sub-account
trading
volumes
are
not
combined
with
master
accounts
for
this
activity. -
Binance
reserves
the
right
to
disqualify
participants
involved
in
dishonest
behavior
or
tampering
with
the
program. -
Binance
may
amend
or
cancel
the
activity
at
any
time
without
prior
notice.
This
competition
represents
Binance’s
ongoing
efforts
to
engage
its
user
base
with
innovative
and
rewarding
opportunities
in
the
cryptocurrency
trading
space.
Image
source:
Shutterstock
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