Blockchain
Binance launches spot trading tournament with prize pool of 300,000 USDC
Binance Announces Spot Trading Tournament
Binance, a leading cryptocurrency exchange, has announced the launch of a new spot trading tournament. According to an ad on his Official sitethe tournament is open to all users who will have the opportunity to share a prize pool of 300,000 USDC in token vouchers.
Tournament details
The tournament promotion period 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 obtain at least the equivalent of $1,000 on each eligible spot trading pair during the promotion period.
Qualifying 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 maximum limit of 1,000 points awarded based on qualifying trade volume. The prize pool may increase up to 300,000 USDC in token vouchers, depending on the total number of qualified participants in each points category during the Promotion Period.
Terms and conditions
To participate in the promotion, users must be verified and enabled to trade on Binance Spot. 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 change or impose additional restrictions without notice.
All token voucher rewards will be distributed to eligible users within 21 business days of the end of the promotional period. Users will be able to access and redeem rewards for vouchers via their Profile > Rewards Hub. Voucher rewards will expire within two weeks of distribution and users must claim their vouchers prior to the expiration date.
Binance reserves the right to disqualify any participant who acts fraudulently or not in compliance with the applicable terms and conditions. Binance also reserves the right to disqualify transactions deemed to be prohibited trading activities.
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