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

1. Opt-in
   by
   clicking
   the
   register
   button
   on
   the
   Binance
   landing
   page.
2. Start
   trading
   on
   Binance
   Spot
   products
   and
   achieve
   an
   ROI
   of
   at
   least
   1%.
3. Accumulate
   a
   minimum
   trading
   volume
   equivalent
   to
   $1,000
   on
   Binance
   Spot.
4. 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