Binance and GXChain (GXS) are together launching a trading competition with a total of 100,000 GXS tokens in prizes to celebrate the launch of GXS being added to Isolated Margin Trading with up to 5x leverage in BTC and USDT trading pairs.
Competition period: 2020/08/19 0:00 AM to 2020/08/26 0:00 AM (UTC)
GXS Trading Competition On Binance – Tutorial As Below
Register Binance Exchange Account
Event 1: New User Exclusive Rewards
All users that register a new Binance account during the competition period and complete any 1 of the 2 tasks below will each win a reward of 10 GXS tokens. Rewards will be distributed on a first-come, first-served basis to the first 2,000 users that meet requirements, and will be ordered by their account registration time.
- Trade 100 GXS or more (buys & sells) in any GXS trading pairs.
- Deposit 100 GXS or more to your Binance account from an external wallet or from another exchange
Event 2: GXS Trading Competition – Win 80,000 GXS Tokens In Prizes
Users will be ranked based on the total GXS trading volume traded on their Binance account (including both buys and sells) across all GXS trading pairs during the competition period. Please note that trading volume completed via isolated margin will be multiplied by a coefficient of 3.
The reward structure is as follows:
- 1st place: 10,000 GXS tokens
- 2nd place: 6,000 GXS tokens
- 3rd place: 4,000 GXS tokens
- 4th-10th place: split 20,000 GXS tokens equally
Bonus Activity: All users with a total trading volume (including both buys and sells) of 3,000 GXS or more during the competition period will equally share a prize pool of 40,000 GXS tokens
Additional Margin Promotion Benefits:
- 0% borrowing interest on GXS margin trading pairs.
- All users that borrow GXS from Binance Margin will enjoy VIP+1 borrowing volume.
- GXS trading pairs eligible: GXS/USDT, GXS/BTC, GXS/ETH.
- Users that win rewards for ranking in the top 10 in the trading competition in Event 2 will not be eligible to receive rewards from the bonus reward.
- Trading volume counts both buys and sells, excluding any wash trades.
- Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards via Distribution History > Wallet > 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).
About GXS (GXChain)
The vision of GXS is to solve the issues of the current data economy by introducing “decentralization, cryptography, and smart token design”.
GXS offers three different products: GXChain, a delegated-Proof-of-Stake (DPoS) blockchain based on Graphene; Blockcity, a store for decentralized applications with “Mining incentive”, and a decentralized data marketplace.
The GXS token may be used in the consensus mechanism for staking or delegating, or may be used to unlock further functions of the network.
Join Other Trading Competitions To Get Rewards
You can learn more about other trading competitions at our page of Trading competition and don’t forget to follow us to receive newsletters:
Like our Facebook page and share (Optional)