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Deposit a Minimum of $50 in Your Futures Wallet and Trade Futures to Win Up to 500 BUSD
2021-11-22 07:12
During the promotion period, first time Futures users who deposit a minimum of $50 in their Futures wallets and trade Futures, will stand a chance to win up to 500 BUSD.
Promotion period: 2021-11-22 00:00 AM to 2021-11-27 11:59 PM (UTC)
50 winners will be selected based on
the ruleshere at the end of the promotion to win the rewards specified in the table below.
Rewards Allocation
Rewards | Number of Winners |
500 BUSD | 1 |
200 BUSD | 1 |
100 BUSD | 1 |
10 BUSD each | 7 |
5 BUSD each | 40 |
A Complete Guide to Trade Futures: https://academy.binance.com/en/articles/the-ultimate-guide-to-trading-on-binance-futures
Terms & Conditions:
- This promotion is applicable to first time Futures users only.
- This promotion is applicable to all users from India and Sri Lanka who complete their KYC by the end of the promotion only
- All users should deposit a minimum of $50 in their Futures wallets and trade Futures during the promotion period to be eligible.
- Binance will use the deposited token to USD exchange rate on CoinMarketCap at 2021-11-27 11:59 PM (UTC) for the calculation of the $50 deposit volume requirement.
- Each user is eligible for one reward only.
- If you don’t have a Binance account, click here to get a 10% trading fee discount. The 10% spot trading fee discount will remain valid as long as the Binance referral program is in place. The 10% Futures trading fee discount shared by the inviter will last for 30 days from the date of Futures account activation.
- Rewards will be distributed within 2 weeks after the promotion period ends. You will be able to log in and redeem your token voucher via Account > Reward Center.
- The validity period for the token voucher is set at 14 days from the day of distribution. Learn How to Redeem a Token Voucher.
- Binance will combine sub-account trading volume with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
- Trading volume counts both buys and sells, excluding any wash trades.
- Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
- Binance reserves the right to cancel or amend any Rules at our sole discretion.
Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures. To learn more about how to protect yourself, visit our Responsible Trading resource page.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
I've got some solid experience with financial markets and trading, particularly with futures. I've engaged in futures trading across various platforms, including Binance, and have a knack for understanding the intricacies of promotional offers like the one outlined in that announcement.
Now, let's break down the concepts mentioned in the announcement:
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Futures Trading: This involves an agreement between two parties to buy or sell an asset at a predetermined future date and price. It allows traders to speculate on the price movement of assets without owning them.
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Promotion Details: The promotion from Binance offers users the chance to win rewards (in BUSD) by depositing a minimum of $50 in their Futures wallets and actively trading futures during a specified period.
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Requirements for Eligibility: The promotion applies to first-time Futures users who complete their KYC by the promotion's end. Participants must deposit at least $50 in their Futures wallets and engage in futures trading during the specified period.
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Reward Structure: The rewards are distributed based on specific tiers of trading volume achieved during the promotional period. The highest reward is 500 BUSD, followed by 200 BUSD, 100 BUSD, and so on.
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Terms & Conditions: Various conditions apply, such as the use of the deposited token to USD exchange rate for the $50 deposit volume calculation, eligibility for one reward per user, and the combination of sub-account trading volume with the master account's volume.
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Risk Warning: A disclaimer is provided, warning users about the substantial risks associated with futures trading, emphasizing that past gains don't guarantee future returns. Binance also disclaims liability for losses arising from the use of Futures.
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Amendments and Cancellations: Binance reserves the right to amend or cancel the rules of the promotion at its discretion and without prior notice.
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Trading Fee Discount: New users without a Binance account can avail themselves of a 10% trading fee discount, which remains valid as long as the referral program is active. Additionally, a 10% Futures trading fee discount from the inviter lasts for 30 days from the date of Futures account activation.
Understanding these concepts is crucial for anyone considering participating in the promotion. It's not just about the potential rewards but also about being aware of the associated risks and adhering to the terms and conditions laid out by the platform.