Binance is launching a COIN-Ⓜ Quarterly Futures trading competition for all users, with a total of $100,000 USD in ADA Tokens.
Binance Future Trading Competition – Tutorial As Below
Competition Period: 2020/08/07 0:00 AM – 2020/08/14 0:00 AM (UTC).
Register Binance Futures Account
Register Binance futures account by our link to receive a 10% Trading Fee discount within 30 days.
Event 1: $60,000 USD In ADA Tokens For New COIN-Ⓜ Users
During the competition period, all new COIN-Ⓜ users will be rewarded based on the total valid trading volume traded on their Binance accounts across all COIN-Ⓜ Quarterly Futures contracts.
The rewards structure is as follows:
- The top 500 users will equally split $50,000 USD in ADA based on the total COIN-Ⓜ Quarterly Futures trading volume traded on their Binance accounts across all COIN-Ⓜ Quarterly Futures contracts during the competition period.
- The first 1,000 users that complete total trading volume of 100 contracts on the BTCUSD COIN-Ⓜ Quarterly Futures contract OR 1,000 contracts on other COIN-Ⓜ Quarterly Futures will receive a prize of $10 USD in ADA tokens in a first-come-first-served format. The top 500 users above will not be eligible for this reward.
Event 2: ADAUSD PNL Competition, win $40,000 USD in ADA Tokens
All users that trade in the ADAUSD 0925 Quarterly Futures Contract will be ranked based on their ADA PNL during the competition period.
The reward structure is as follows:
- 1st Place: win $8,000 USD in ADA tokens
- 2nd Place: $5,000 USD in ADA tokens
- 3rd Place: $2,000 USD in ADA tokens
- 4th – 10th Place: equally split a pool of $5,000 USD in ADA tokens
- 11th – 100th Place: equally split a pool of $20,000 USD in ADA tokens
PNL Calculation: ADA PNL = Final Account ADA Balance (including unrealized pnl) – Initial Account ADA Balance (including unrealized pnl) + ADA Withdrawals – ADA Deposits – ADA Referral bonuses.
- All new COIN-Ⓜ users are users that make their first ever trade on Binance COIN-Ⓜ contracts during the competition period. Users that have previously traded COIN-Ⓜ contracts will not be eligible to participate in Event 1.
- Total valid trading volume counts both buys and sells, excluding any wash trades.
- Users can win rewards in both Event 1 and Event 2.
- Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards via the Distribution History page in the Account Center.
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).
Binance Futures is the fastest-growing crypto-derivative exchange by trading volume. Binance Futures currently offers the highest leverage of 125x margin among major crypto exchanges, making it one of the most competitive products in the market. This was made possible by their robust risk management system, which includes a sophisticated risk engine, smart liquidation model, and insurance funds that provide traders with extra protection for highly leveraged trading.
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