Binance Futures Announces 30,000 USDC Prize Pool in New Promotions
Lawrence Jengar Aug 16, 2024 16:40
Binance Futures introduces three promotions with a 30,000 USDC prize pool, offering loss protection for new traders and rewards for trading volume.
Binance Futures has unveiled three new promotions aimed at rewarding its user community, with a total prize pool of 30,000 USDC in token vouchers. The promotions are set to run from August 16, 2024, to August 25, 2024, according to Binance.
Promotion Details
During the promotion period, new Binance Futures users who register and make their first futures trade, achieving a cumulative trading volume of at least 100 USDC equivalent, will be eligible for loss protection. If their first closed position results in a loss, they will receive a token voucher equal to the realized loss, up to 10 USDC. A total of 10,000 USDC is allocated for this promotion on a first-come, first-served basis.
Eligibility Criteria
New users are defined as those who have never traded Binance Futures before the promotion period. They will receive a USDC token voucher only if their first closed position results in a loss. If the first closed position is profitable, no voucher will be issued.
Additionally, all eligible users who register and reach a cumulative USDⓈ-M Futures trading volume of at least 1,000 USDC equivalent during the promotion period will qualify for further rewards. Qualified participants can share in 10,000 USDC in token vouchers based on their cumulative return on investment (ROI) during the promotion period.
Terms and Conditions
Participants must be verified users from eligible regions and register for the promotion during the specified period to qualify for rewards. The promotions are subject to various terms and conditions, including:
- Only verified users from eligible regions can participate.
- Users can participate in all three promotions if they meet the qualifying criteria.
- Rewards will be distributed within 14 working days after the promotion ends and must be claimed within 30 calendar days from distribution.
- Promotions are available only to users enabled for Binance Futures services and may be restricted in certain jurisdictions.
Binance reserves the right to disqualify participants showing signs of fraudulent behavior and to amend or cancel the promotions at any time without prior notice.
Additional Information
Binance has also highlighted that trading volumes on FDUSD, TUSD, and USDT trading pairs will not count toward the trading volume requirement for EEA users in this promotion. Users are advised to consult the full terms and conditions available on Binance's official promotion page.
For more details, visit the official announcement on Binance.
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