Binance P2P Offers 15,000 FDUSD in Rewards for MENASA Users
Felix Pinkston Jun 27, 2024 15:02
Binance P2P announces a 15,000 FDUSD reward pool for users in the MENASA region, encouraging new and existing users to participate.
Binance P2P is launching an exclusive promotion for users in the Middle East, North Africa, and South Asia (MENASA) region, offering 15,000 FDUSD in token voucher rewards. The initiative aims to welcome new users and reward existing ones for their continued support.
The promotion runs from June 27, 2024, to July 25, 2024, and is divided into two main parts: Promotion A and Promotion B.
Promotion A: First P2P Purchase Reward
First-time Binance P2P users from the MENASA region who register for the promotion and make their first purchase of at least 50 USDT or equivalent will receive a 3 FDUSD token voucher. This reward is limited to the first 3,000 users who qualify during the promotion period.
Promotion B: Share 6,000 FDUSD
All Binance P2P users who register for the promotion and make a purchase of at least 100 USDT or equivalent will be eligible to share a prize pool of 6,000 FDUSD token vouchers. Users will be ranked based on their accumulated P2P deposit volume during the promotion period, and the top 2,000 users will qualify to share the rewards.
The reward for each qualified user will be calculated as follows:
- (Their total P2P deposit volume during the promotion / Total P2P deposit volume from all eligible participants) * 6,000 FDUSD in token vouchers.
- The reward per qualified participant is capped at 40 FDUSD in token vouchers.
Terms and Conditions
To participate, users must complete KYC and click “Join Now” on the activity page. By participating, users agree to the Activity Terms, Binance Terms and Conditions for Prize Promotions, Binance Terms of Use, and Binance Privacy Policy.
Only P2P taker purchasing volume will count towards the total purchase volume calculations. A taker is defined as a user who places an order that trades immediately before going on the order book.
Rewards from both Promotion A and Promotion B can be combined, with a maximum reward amount of 43 FDUSD. The promotion is applicable to all fiat currencies supported on the Binance P2P platform, and the daily closing price of the local currency to USD exchange rate will be used for calculations.
Token voucher rewards will be distributed within three weeks after the promotion ends, and users can redeem their vouchers via the Rewards Hub. All distributed vouchers will expire within two weeks of distribution.
Binance reserves the right to disqualify any participants acting fraudulently or not in accordance with the terms and conditions. Additionally, trades deemed to be wash trades, bulk account registrations, self-dealing, or market manipulation may also lead to disqualification.
For more details, refer to the official Binance announcement.
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