Binance Offers $100,000 USDC Rewards and Loss Protection for Spot Trading Participants

Binance,
one
of
the
leading
cryptocurrency
exchanges,
has
unveiled
a
new
promotion
aimed
at
incentivizing
Spot
trading
on
its
platform.
According
to
Binance,
the
promotion
will
distribute
$100,000
USDC
in
rewards
and
offer
loss
protection
to
new
and
existing
users
who
participate.

Promotion
Period
and
Eligibility

The
promotion
runs
from
August
7,
2024,
03:00
(UTC)
to
September
8,
2024,
23:59
(UTC).
It
is
open
to
new,
regular,
and
VIP
1-3
users.
Participants
must
engage
in
depositing,
copying,
automating,
or
trading
any
available
tokens
on
Binance
Spot
during
this
period.

To
be
eligible,
users
must
confirm
their
participation
and
complete
specific
tasks.
The
first
9,000
eligible
users
can
earn
up
to
10
USDC
in
token
vouchers
each.
Additionally,
the
first
1,000
new
users
who
have
not
previously
engaged
in
Spot
Copy
Trading
will
receive
loss
protection
of
up
to
10
USDC
in
token
vouchers.

Loss
Protection
Explained

Binance
will
subsidize
losses
up
to
10
USDC
for
new
users’
first
Spot
Copy
Trading
order
during
the
promotion
period.
The
loss
amount
is
calculated
by
the
difference
in
the
Spot
Copy
Trading
account
balance
before
and
after
copying
at
the
end
of
the
promotion
period.

Terms
and
Conditions

All
verified
users
who
register
during
the
promotion
period
are
eligible
to
participate.
However,
the
promotion
may
not
be
available
or
could
be
restricted
in
certain
jurisdictions
due
to
legal
and
regulatory
requirements.
Trading
volumes
on
all
FDUSD,
TUSD,
and
USDT
trading
pairs
will
not
count
towards
the
trading
volume
requirement
for
EEA
users.

Token
voucher
rewards
will
be
distributed
within
21
working
days
after
the
promotion
ends
and
must
be
claimed
within
two
weeks
of
distribution.
Binance
reserves
the
right
to
disqualify
participants
who
tamper
with
the
program
code
or
engage
in
fraudulent
activities.

For
detailed
terms
and
conditions,
users
can
visit
the
official
announcement
on

Binance.

Important
Considerations

Binance
advises
users
to
be
aware
of
the
risks
associated
with
digital
asset
trading.
Prices
can
be
volatile,
and
users
may
not
get
back
their
initial
investment.
The
exchange
also
underscores
the
importance
of
understanding
the
risks
involved
in
copy
trading,
which
can
be
particularly
risky
when
following
inexperienced
traders.

Users
are
encouraged
to
consult
independent
financial
advisers
before
making
any
investment
decisions.
Additional
information
on
responsible
trading
can
be
found
on
Binance’s
Responsible
Trading
page.

Image
source:
Shutterstock