Binance exchange and SKALE Network are together launching a Trading Competition to their users. Trade SKL Tokens on Binance, You will have a chance to win $50,000 in SKL Tokens.
Competition period: 2021-01-27 00:00 AM to 2021-02-03 00:00 AM (UTC)
SKALE Network Trading Competition On Binance – Tutorial As Below
Register Binance Exchange Account
Event 1: New User Exclusive Rewards Of $10,000 In SKL Tokens
For each day of this competition, Binance will pick the top 70 new users who registered for a Binance account on that particular day and traded 7,000 SKL or more in effective trading volume (including buys & sells) via eligible SKL trading pairs. These daily winners (total of 490 for the entire promotion) will share an exclusive prize pool of 10,000 USD in SKL tokens.
The trading competition will run for 7 days, and each activity day runs from 00:00 AM (UTC) to 00:00 AM (UTC) the next day.
Event 2: SKL Trading Competition – Win $40,000 In SKL Tokens
The top 30 users ranked by effective trading volume will share a pool of $40,000 in SKL tokens. The rewards will be split based on each user‘s total trading volume as a proportion of the top 30 users’ total effective trading volume during the competition period.
Reward Calculation: The reward for each user in the top 30 = (Each user’s total effective trading volume / Top 30 users’ total effective trading volume) * $40,000 in SKL tokens.
Additional Margin Promotion Benefits:
- 0% borrowing interest on SKL margin trading pairs.
- Trading volume completed via margin will be multiplied by a coefficient of 3.
- All users who borrow SKL 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.
- The validity period for the cash voucher is set at 7 days from the day of distribution.
- SKL trading pairs: SKL/USDT, SKL/BTC.
- Binance will use the average closing price at 11:59:59 PM (UTC) of SKL/USDT trading pair during the competition period as the SKL exchange rate used for distribution.
You can go to this Binance page to learn more information
About SKALE Network
SKALE Network is an open source elastic blockchain network that gives developers the ability to easily provision highly configurable fully decentralized chains. It serves as a security and execution layer that connects with Ethereum and is deeply integrated into the Ethereum Network. The network grows linearly to support thousands of independent blockchains (elastic sidechains) file storage chains, and other types of sub chains – all tied to the Ethereum public mainnet and fully compatible with the entire Ethereum ecosystem. SKALE uses the $SKL token, a hybrid use token which represents the right to work in the network as a validator, stake as a delegator, or access a share of its resources. SKALE chains can execute sub-second block times, run over 2,000 tps on every chain, and run full-state smart contracts in addition to decentralized storage, and machine learning in EVM.
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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