Binance Announces $40,000 TON Token Voucher Spot Trading Tournament - Blockchain.News

Binance Announces $40,000 TON Token Voucher Spot Trading Tournament

Felix Pinkston Aug 16, 2024 14:02

Binance launches a spot trading tournament with a $40,000 TON token voucher prize pool. Participants must trade selected tokens during the promotion period.

Binance Announces $40,000 TON Token Voucher Spot Trading Tournament

Binance, one of the world's leading cryptocurrency exchanges, has announced a new trading tournament where participants can share a reward pool of $40,000 in TON token vouchers. The event is set to run from August 15, 2024, to September 8, 2024, according to Binance.

Participation Details

To join the tournament, users must confirm their participation and achieve a total spot trading volume of at least $3,500 equivalent on eligible spot trading pairs during the promotion period. Participants will be ranked based on their total spot trading volume, including both buys and sells.

The top 2,500 qualified participants will have the opportunity to share the $40,000 reward pool in TON token vouchers. The rewards will be distributed according to a predefined structure, which has not been disclosed in the announcement.

Terms and Conditions

Several terms and conditions apply to this promotion:

  • All users must complete identity verification to be eligible.
  • Liquidity providers in the Binance Spot Liquidity Provider Program are excluded from participation.
  • Trading volumes on FDUSD, TUSD, and USDT trading pairs will not count towards the volume requirement for EEA users.
  • Users are responsible for complying with local regulations regarding the use of Binance Spot trading services.
  • The TON/USD exchange rate for rewards distribution is set at $6.956, but the actual value may vary due to market fluctuations.
  • All token voucher rewards will be distributed within 21 working days after the promotion ends and must be claimed within two weeks of distribution.

Additional Information

Binance reserves the right to disqualify participants who engage in prohibited trading activities such as churning, pump-and-dump schemes, wash trading, and other forms of market manipulation. The exchange also retains the right to modify or cancel the promotion at its discretion without prior notice.

For more detailed terms and conditions, participants can visit the official Binance announcement page.

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