Binance Liquid Swap has now added Bitcoin (BTC) to its supported assets and launched new BTC/ETH and DAI/ETH liquidity pools. To thank users for their support, Binance Liquid Swap is launching the second phase of rewards promo. Become a liquidity provider today to earn $500,000 BUSD in rewards.
Activity period: 2020/12/19 0:00AM (UTC) – 2021/01/02 0:00 AM (UTC)
Binance Liquid Swap Added Bitcoin – Earn $500,000 BUSD in Rewards
Register Binance Exchange Account
Activity Rules And Prizes
During the activity period, users who provide liquidity in BTC/ETH, DAI/ETH, WBTC/ETH, and ETH/BUSD pools will share the $500,000 BUSD prize pool, in addition to earning basic interest (Trading fees + Flexible Savings interest).
Binance will allocate rewards based on the users’ hourly pool share ratio in the liquidity pools (i.e., Users’ hourly rewards = Pool share ratio * The total hourly rewards in the liquidity pools.)
Big Rewards for Liquidity Pools:
|Liquidity Pool||Total Rewards||Duration||Daily Total Rewards|
|BTC/ETH||150,000 BUSD||14 days||10,714 BUSD|
|DAI/ETH||150,000 BUSD||14 days||10,714 BUSD|
|WBTC/ETH||100,000 BUSD||14 days||7,142 BUSD|
|ETH/BUSD||100,000 BUSD||14 days||7,142 BUSD|
For example: during the activity period, if user X adds liquidity in the BTC/ETH pool and holds 0.1% of pool share, then the hourly reward that user X can receive is: 0.1% * (150,000 BUSD / 14 days / 24 hours) = 0.4464 BUSD
Terms And Conditions
- The super rewards for this activity are limited to users who add liquidity to the 4 activity pools.
- The system will calculate the pool share ratio on the hour on an hourly basis. Due to the latency of the network and some other reasons, the pool share ratio displayed on the page might be different from the pool share ratio calculated by the system, and the latter should prevail.
- The rewards will be distributed within 7 working days after the activity ends. Users can see their rewards by selecting the Account Center > Wallet > Distribution History.
You can go to this Binance page to learn more information
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven Binance Chain blockchain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability), Binance X (developer-focused initiative) and Trust Wallet (its official multi-coin wallet and dApps browser).
What Is Liquid Swap?
Liquid Swap is a liquidity pool developed based on the AMM (Automatic Market Maker) principle. It consists of different liquidity pools, and each liquidity pool contains two digital tokens or fiat assets. You can provide liquidity in the pools and become a liquidity provider, earning transaction fees and flexible interest. Also, you can choose to quickly swap two digital tokens or fiat assets in the liquidity pools.
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