May 5, 2024

Binance Exchange Launches Competition With $ 1,600,000 Prize Pool

Binance Exchange Launches Competition With $ 1,600,000 Prize Pool

In honor of the year of the bull, the largest cryptocurrency exchange Binance organized a competition program forits users. The prize fund for the planned event will be $1.6 million,the competition will be held from March 2 to April 1, 2021... The start and end of the draw will take place at 3:00 Moscow time.

During the event, the 10 best teams in P&L, 20 leading team leaders will be determined, in addition to this, other drawings will be held with various prize funds.

Official page of the competition https://www.binance.com/ru/futures-activity/tournament/

Key dates of the event

Participants who take the place of team leaders can register from March 2 to March 17, 2021. Participants canapply between March 2 and April 1... The competition will be held from March 17 to April 1, and users of the blockchain ecosystem will be able to vote from March 2 to 25.

Join the Crypto Punks @Binance Futures for the chance to win a share of the $ 1,600,000 prize pool!

Competition program for the top 10 P teams&L, distribution of awards:

Teams of participants who will apply forset deadlines, will be able to compete for valuable prizes during the event. The list of the best teams will be formed based on the indicators of the total trading volume obtained by adding the indicators of each of the team members. In this case, the awards will be distributed as follows:

  • The winner will receivethirty%from the total prize fund.
  • The team in second place will taketwenty%from the prize fund.
  • Participants included in the team that took 3rd place will receiveten%of the total amount.
  • Teams in 4-10 places will be divided40%from the prize fund.

In addition, the organizers of the event noted the peculiarities of the distribution of awards within the team. In accordance with the established rules, prizes within the teams will be distributed as follows:

  • The team leader will takethirty%from the amount won.
  • The team's 10 leading players will be takentwenty%from winning.
  • All other participants will divide among themselves50%from the prize fund that the team received during participation in the drawing.

In addition, the organizers of the event prepared valuable prizes for the 20 best professional team members:

  • First place has been awarded a $ 5,000 BNB award.
  • For places 2-5, a prize of $ 16,000 in BNB is awarded.
  • Participants in 6th-10th place will split $ 15,000 in BNB.
  • Leaders in the 11-15th place will share 10 thousand dollars in BNB tokens.
  • Users ranked 16th to 20th will split $ 5,000 in BNB.

ROI Prize Draw

All participants of the event will be providedthe opportunity to win valuable prizes for ROI. When calculating the daily ROI indicators, all users with a trading volume of more than 10 thousand USDT will be able to receive valuable prizes. Rewards will be distributed according to the occupied places:

  • The winner will receive1000 dollarsin BNB tokens.
  • For second place there is a reward of500 dollarsin BNB.
  • Third place will go to300 dollarsin BNB.
  • Users in 4-10 places will share1400 dollarsin BNB.
  • Participants who took 11th to 20th places will share1800 dollarsin BNB tokens.

A total of 15 qualification periods will be organized during the event, each of which will last 24 hours. Winners will be determined during each period.

Guide: How to Start Trading Bitcoin Futures on Binance Futures?

Prizes for choosing the winners

All users of the blockchain ecosystem,those who have joined the competition program will be able to vote for their favorite teams. After the end of the competition, the results will be summed up, according to which users who voted for the top 10 teams will receive valuable prizes. To vote, the user needs to get a special ticket. The more tickets, the more votes the user can give.

You can get tickets in the following ways:

  • Participants with a trading volume of at least $ 1,000 will receive one ticket each.
  • If a user opens a futures account for the first time and also reaches a trading volume of $ 1,000, he will receive one additional ticket.
  • Additionally, 1 BUSD can be purchased for 1 ticket. A maximum of 10 additional tickets can be purchased during the day.

For each ticket, the user will be able to vote once. The more votes, the higher the chances of winning.

Additional reward for voting

Binance representatives highlighted inas an additional prize fund of 20 thousand BUSD tokens. The presented prize fund will be replenished from the funds that users will spend on the purchase of voting tickets.

After the end of the competition, participants who voted for the top 10 teams will receive the following rewards:

  • Participants who voted for the winner will share 30% of the prize pool.
  • The participants who cast their votes for the team in second place will receive 20%.
  • The prize for the participants who voted for the team in 3rd place will be 10%
  • The remaining users who voted for teams in 4-10 places will share 40% of the prize pool.

You can get more detailed information about the features of the event on the official Binance website — https://binance.com/.

Binance Exchange Launches Competition With $ 1,600,000 Prize Pool

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