Binance Launches Spot Trading Tournament with 300,000 USDC Prize Pool
Darius Baruo May 20, 2024 14:12
Binance announces a new spot trading tournament offering a share of 300,000 USDC in token vouchers as prizes to participants.
Binance Announces Spot Trading Tournament
Binance, a leading cryptocurrency exchange, has announced the launch of a new spot trading tournament. According to an announcement on its official website, the tournament is open to all users who will have the chance to share in a prize pool of 300,000 USDC in token vouchers.
Tournament Details
The promotion period for the tournament runs from May 20, 2024, at 12:00 (UTC) to June 2, 2024, at 23:59 (UTC). To qualify, users must confirm their participation on the tournament page and achieve at least $1,000 equivalent on each eligible spot trading pair during the promotion period.
Qualified participants will be ranked based on their points, calculated from the total spot trading volume on all eligible spot trading pairs during the promotion period. The reward structure is divided into base and bonus rewards. Each token has a cap of 1,000 points awarded based on qualifying trading volume. The rewards pool can increase up to 300,000 USDC in token vouchers, depending on the total number of qualified participants in each point category during the Promotion Period.
Terms and Conditions
Users must be verified and enabled for Binance Spot trading to participate in the promotion. The promotion may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements. Binance reserves the right to modify or impose additional restrictions without prior notification.
All token voucher rewards will be distributed to eligible users within 21 working days after the end of the Promotion Period. Users will be able to login and redeem their token voucher rewards via their Profile > Rewards Hub. The voucher rewards will expire within two weeks after distribution, and users should claim their vouchers before the expiration date.
Binance reserves the right to disqualify any participants who are acting fraudulently or not in accordance with any applicable terms and conditions. Binance also reserves the right to disqualify trades that are deemed to be prohibited trading activities.
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