Binance Launches Spot Traders League with $3.2 Million in BNB Vouchers
Caroline Bishop Oct 08, 2024 07:13
Binance introduces a Spot Traders League, offering $3.2 million in BNB token vouchers for regular and VIP users. The competition includes volume and ROI contests.
Binance, a leading cryptocurrency exchange, has announced the launch of its Spot Traders League, a competitive event offering a total of $3.2 million in BNB token vouchers. This initiative is part of the broader Binance Traders League, aiming to engage both regular and VIP users in a series of trading challenges.
Participation Details
The Spot Traders League is open to all regular users and VIP levels 1 through 6. Participants can trade any eligible tokens on Binance's Spot platform during the promotion period to vie for a share of the prize pool. The competition is structured to include Bonus Tasks, a Volume Competition, and an ROI (Return on Investment) Competition, catering to traders of various skill levels and strategies.
Dynamic Prize Pool
The Volume and ROI Competitions feature a dynamic prize pool, potentially reaching up to $3 million in BNB token vouchers. Each competition can distribute up to $1.5 million, with the total number of eligible participants determining the final prize distribution. To be considered eligible, participants must confirm their involvement in the league and achieve a minimum total spot trading volume of $500 equivalent during the promotion.
Eligibility and Conditions
All verified users who register on the tournament page by the promotion's end and meet the criteria can qualify. However, the promotion is subject to regional restrictions, and certain trading pairs, such as FDUSD, TUSD, and USDT, will not count towards the volume requirement for European Economic Area (EEA) users. Additionally, zero trading fee pairs are excluded from the final volume calculations.
Additional Rules and Distribution
Binance has outlined several terms and conditions for the competition. Token voucher rewards will be distributed within 21 working days post-promotion and must be claimed within two weeks of distribution. Binance has the discretion to amend or cancel the promotion and disqualify participants engaged in prohibited trading activities or market manipulation.
For more detailed information, users can refer to the official announcement on the Binance website.
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