Lawrence Jengar
16 Aug 2024 16:40
Binance Futures introduces three promotions offering a 30,000 USDC prize pool that provides loss protection for new traders and rewards for trading volume.
Binance Futures has unveiled three new promotions aimed at rewarding its user community, with a total prize pool of 30,000 USDC in token vouchers. According to Binance, the promotions will run from August 16, 2024 to August 25, 2024.
Promotion Details
New Binance Futures users who register and make their first futures trade during the promotion period will be eligible for loss protection if they reach a minimum cumulative trading volume of 100 USDC. If their first closed position results in a loss, they will receive a token voucher equal to the realized loss, up to a maximum of 10 USDC. A total of 10,000 USDC will be allocated for this promotion on a first-come, first-served basis.
Qualification criteria
New users are defined as users who have never traded Binance Futures before the promotion period. You will receive USDC token vouchers only if your first closed position results in a loss. If your first closed position is profitable, no vouchers will be issued.
Additionally, all eligible users who register during the promotion period and achieve a cumulative USDⓈ-M futures trading volume of at least 1,000 USDC will be eligible for an additional reward. Eligible participants will be able to share a token voucher worth 10,000 USDC based on their cumulative return on investment (ROI) during the promotion period.
Terms of Use
Participants must be verified users in an eligible region and must register for the promotion within the specified period to be eligible to receive a reward. Various terms and conditions apply to the promotion, including:
- Only verified users from eligible regions may participate.
- Users can participate in all three promotions if they meet the eligibility criteria.
- Rewards will be distributed within 14 days after the promotion ends and must be claimed within 30 days from the distribution date.
- The promotion is available only to users using Binance Futures services and may be restricted in certain jurisdictions.
Binance reserves the right to disqualify any participant who exhibits signs of fraudulent activity, and to change or cancel the Promotion at any time without prior notice.
Additional information
Binance also emphasized that trading volumes on FDUSD, TUSD, and USDT trading pairs will not count towards the trading volume requirement for EEA users in this promotion. Users are advised to refer to the full terms and conditions provided on Binance’s official promotion page.
For more details, please check the official announcement from Binance.
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