Binance Unveils $100,000 BNB Spot Trading ROI Competition

Binance has announced its first-ever limited-time spot trading ROI competition, giving users the opportunity to win a share of $100,000 in BNB rewards and exclusive Binance VIP swag. This competition is open to all users who achieve a return on investment (ROI) of at least 1% during the activity period, according to Binance.

Activity Period

The competition runs from August 22, 2024, at 00:00 (UTC) to September 11, 2024, at 23:59 (UTC). Participants must opt-in by registering on the dedicated landing page. The ROI calculation will start from the day of opt-in at 00:00 (UTC+0) during the activity period.

How to Participate

1. Opt-in by clicking the register button on the Binance landing page.
2. Start trading on Binance Spot products and achieve an ROI of at least 1%.
3. Accumulate a minimum trading volume equivalent to $1,000 on Binance Spot.
4. Check rankings via the leaderboard, which updates every 24 hours.

Rewards Structure

Rewards will be distributed based on the final ROI leaderboard ranking at the end of the activity period. The reward structure is as follows:

• 1st place: $1,280 in BNB token voucher
• 2nd place: $880 in BNB token voucher
• 3rd place: $580 in BNB token voucher
• 4th-10th place: $380 in BNB token voucher each
• 11th-50th place: $180 in BNB token voucher each
• All other qualified participants with a positive ROI of at least 5% will share a consolation prize pool worth $87,400 in BNB rebate vouchers.

ROI Calculation

The Spot ROI calculation formula is as follows:

Spot ROI calculation = (Final spot wallet balance – Initial spot wallet balance – Net deposit) / (Initial spot wallet balance + total deposit)

For example, if User A has an initial spot wallet balance of 1,000 USDC, deposits 1 BNB at 500 USDC, and later sells 2 BNB at 600 USDC each, the ROI would be calculated as 20%.

Exclusive Bonus for VIP 0-3 Users

The top 10 eligible VIP 0-3 users with the highest ROI and more than $1M in trading volume on Binance Spot will receive a Binance VIP Merchandise Gift Pack, which includes Open Run Pro Headphones, a duffle bag, a blanket, a cap, and socks. If shipping is not possible, a $200 BNB token voucher will be provided instead.

Terms and Conditions

• Participants must agree to the Activity Terms, Binance Terms and Conditions for Prize Promotions, Binance Terms of Use, and Binance Privacy Notice.
• Only users from qualified regions who complete KYC by the end of the activity period are eligible for rewards.
• Trading volumes on FDUSD, TUSD, and USDT trading pairs do not count towards the trading volume requirement for EEA users.
• Rewards will be distributed as token vouchers and rebate vouchers within three weeks after the campaign ends. Token vouchers must be claimed within two weeks of distribution.
• Sub-account trading volumes are not combined with master accounts for this activity.
• Binance reserves the right to disqualify participants involved in dishonest behavior or tampering with the program.
• Binance may amend or cancel the activity at any time without prior notice.

This competition represents Binance’s ongoing efforts to engage its user base with innovative and rewarding opportunities in the cryptocurrency trading space.

Image source: Shutterstock