Binance Futures Launches Grand Tournament with 3M USDT Prize Pool - Blockchain.News

Binance Futures Launches Grand Tournament with 3M USDT Prize Pool

Iris Coleman Jun 13, 2024 03:55

Binance Futures announces a Grand Tournament with up to 3M USDT in rewards, featuring team and solo competitions.

Binance Futures Launches Grand Tournament with 3M USDT Prize Pool

Binance Futures has unveiled an exciting new competition, the Futures Grand Tournament, offering a prize pool of up to 3,000,000 USDT in token vouchers. The tournament invites both regular and VIP 1-6 users to participate, according to Binance.

Activities in the Futures Grand Tournament

The Futures Grand Tournament features several activities designed to engage traders of all levels:

  • Welcome Rewards: New futures traders can equally share up to 300,000 USDT.
  • Referral All Stars: Participants can earn medals by referring friends who complete their first futures trade.
  • Team Competition: Teams compete for the highest Profit and Loss (PnL) performance to share up to 1,800,000 USDT.
  • Solo Competition: Individual traders compete based on best PnL or Return on Investment (ROI) to share up to 900,000 USDT.

Duration of the Tournament

The registration, Welcome Rewards, and Referral All Stars promotion period runs from June 13, 2024, to July 14, 2024. The trading competition period for team and solo competitions will take place from June 17, 2024, to July 14, 2024.

How to Participate

  • Step 1: Log in to your Binance Futures account. New users can sign up on the same platform.
  • Step 2: Register for the tournament on the promotion page.

Dynamic Prize Pool

The prize pool, comprising up to 3,000,000 USDT in token vouchers, is dynamic, with the final amount determined by the total number of eligible participants.

Activity Details

Activity A: Welcome Rewards

New futures users who confirm their participation and trade futures for the first time during the tournament period will equally share a prize pool of up to 300,000 USDT.

Activity B: Referral All Stars

Participants earn medals by referring new users to Binance Futures. Each qualified referral must register for the tournament and complete their first futures trade during the promotion period.

Activity C: Team Competition

Teams, led by appointed leaders, compete on Binance Futures by trading COIN-M or USDⓈ-M contracts. The top 20 teams will share a prize pool of up to 1,800,000 USDT, based on their cumulative daily PnL.

Activity D: Solo Competition

In the Solo Competition, traders are ranked daily based on PnL and ROI performance. The top 20 participants in each category will receive medals and share a prize pool of up to 900,000 USDT.

Terms and Conditions

  • All promotions are only available to users eligible for Binance Futures trading. Restrictions may apply in certain jurisdictions.
  • Binance reserves the right to change or impose additional restrictions at any time without prior notice.
  • Sub-accounts and portfolio margin accounts are not eligible to participate.
  • Trades on USDⓈ-M futures contracts, COIN-M futures contracts, and options are eligible.
  • The effective trading volume counts both buys and sells, excluding wash trades.

Additional promotion terms and conditions apply and can be accessed on the Binance website.

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