Binance exchange and PAX Gold are together launching a Trading Competition to their users. Trade PAXG Tokens on Binance, You will have a chance to win $50,000 in PAXG Tokens.
Competition period: 2021-02-03 0:00 AM to 2021-02-09 11:59 PM (UTC)
PAX Gold Trading Competition On Binance – Tutorial As Below
Register Binance Exchange Account
Event 1: New User Exclusive Rewards Of $10,000 In PAXG
All users who register for a Binance account during the competition period and trade 0.2 PAXG or more effective trading volume (including buys & sells) in any PAXG trading pair will share an exclusive prize pool of 10,000 USD in PAXG tokens.
Event 2: Trade PAXG To Win $40,000 In PAXG Tokens
The top 40 users ranked by effective trading volume will share a pool of $40,000 in PAXG tokens. The rewards will be split based on each user‘s total trading volume as a proportion of the top 40 users’ total effective trading volume during the competition period.
Reward Calculation: The reward for each user in the top 40 = (Each user’s total effective trading volume / Top 40 users’ total effective trading volume) * $40,000 in PAXG tokens.
Event 3: Additional Margin Promotion Benefits
- 0% borrowing interest on PAXG margin trading pairs.
- Trading volume completed via margin will be multiplied by a coefficient of 3.
- All users that borrow PAXG from Binance Margin will enjoy VIP+1 borrowing limit.
Terms & Conditions
- 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.
- PAXG trading pairs eligible: PAXG/USDT, PAXG/BTC, PAXG/BNB.
- Binance will use the average closing price at 11:59:59 PM (UTC) of PAXG/USDT trading pairs during the competition period as the PAXG exchange rate used for distribution.
You can go to this Binance page to learn more information
About Pax Gold
Pax Gold (PAXG) is a gold-backed cryptocurrency, launched by the creators of Paxos Standard (PAX) in September 2019. As an ERC-20 token operating on the Ethereum blockchain, Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.
The main goal behind Pax Gold is to make gold more tradable, as the physical commodity is not easily divisible or flexible in terms of transport. This is why Paxos Standard decided to create a cryptocurrency entirely backed by gold. According to the official whitepaper, Pax Gold was created to allow investors to buy indefinitely small amounts of gold through the cryptocurrency, thus virtually eliminating minimum buy limits for the commodity.
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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