NEM and Binance exchange are together launching a Trading competition to community. Trade XEM Tokens on Binance exchange, You will have a chance to win $50,000 in XEM Tokens.
Competition period: 2021/01/13 0:00 AM to 2021/01/19 11:59 PM (UTC)
NEM Trading Competition On Binance – Tutorial As Below
Register Binance Exchange Account
Event 1: New User Exclusive Rewards Of $10,000 In XEM Tokens
All users that register for a Binance account during the competition period and trade 10,000 XEM or more effective trading volume (including buys & sells) in any XEM trading pairs will share an exclusive prize pool of 10,000 USD in XEM tokens.
Event 2: XEM Trading Competition – Win $40,000 In XEM Tokens
All users with a total effective trading volume of 50,000 XEM or more during the competition period will share a pool of $40,000 in XEM, based on the proportion of each user‘s total XEM trading volume.
Reward Calculation: The reward for each qualified user = (Each user’s total effective trading volume / all qualified users’ total effective trading volume) * $40,000 in XEM.
Event 3: Additional Margin Promotion Benefits
0% borrowing interest on XEM margin trading pairs.
Trading volume completed via margin will be multiplied by a coefficient of 3.
All users that borrow XEM from Binance Margin will enjoy VIP+1 borrowing limit.
Terms & Conditions
- XEM trading pairs eligible: XEM/USDT, XEM/BTC, XEM/ETH.
- Binance will use the average closing price at 11:59:59 PM (UTC) of XEM/USDT trading pairs during the competition period as the XEM exchange rate used for distribution.
- Rewards will be distributed within 2 weeks after the competition ends. You will be able to log in and redeem your voucher via Account > Reward Center.
You can go to this Binance page to learn more information
About NEM (XEM)
NEM (New Economy Movement) is an ecosystem of platforms that use blockchain and cryptography to provide solutions for businesses and individuals. XEM is the native cryptocurrency of NEM’s NIS1 public blockchain.
NIS1 operates in a similar way to Bitcoin (BTC): it has a network of distributed independent nodes that process and record transactions on a public ledger called “blockchain.” These nodes are incentivized to contribute their time and computing resources and remain incorruptible via transaction fee rewards; these rewards are paid out in XEM coins to each node that manages to add a new block of transactions to the end of the blockchain.
However, NIS1’s blockchain has a number of unique features that set it apart from Bitcoin and most other cryptocurrencies.
The alpha version of NIS1 — or NEM as it was known at that time — was launched on June 25, 2014, and its mainnet went live on March 31, 2015.
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).
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