SNX and Binance are together launching margin trading competition to give away a total of $50,000 USD in SNX tokens to celebrate SNX being added to Binance Margin Trading with 5x leverage on its BTC and USDT trading pairs.
Competition Period: 2020/07/29 00:00 AM (UTC) to 2020/08/05 00:00 AM (UTC)
SNX Trading Competition On Binance – Tutorial As Below
Register Binance Exchange Account
Event 1: 10% Trading Fee Discount And Exclusive Prize Pool Of $10,000 USD In SNX Tokens For New Registered Users
All users that register a new Binance account during the competition period and complete total trading volume (including both buys and sells) of 50 SNX or more will share an exclusive prize pool of $10,000 USD in SNX tokens.
Event 2: Trade SNX On Binance To Win From A $25,000 USD Prize Pool Of SNX Tokens
Users will be ranked based on the total SNX trading volume traded on their Binance account (including both buys and sells) across all SNX trading pairs during the competition period.
The reward structure is as follows:
- 1st place: win $8,000 USD in SNX tokens
- 2nd place: $4,000 USD in SNX tokens
- 3rd place: $3,000 USD in SNX tokens
- 4th-10th place: split $10,000 USD in SNX tokens equally
Event 3: Trade SNX To Share A Bonus $15,000 USD In SNX Tokens
All users with a total trading volume (including both buys and sells) of 1,000 SNX or more during the competition period will equally share a prize pool of $15,000 USD in SNX tokens
Additional SNX Margin Promotion Benefits:
- 0% borrowing interest for SNX margin trading pairs.
- Trading volume completed via isolated margin will be multiplied by a coefficient of 3.
- All users that borrow SNX from Binance Margin will enjoy VIP+1 borrowing volume.
- Participants that win rewards in Event 2 will not be eligible to receive rewards from Event 3, but are able to win rewards in both Event 1 and 2.
- SNX trading pairs include SNX/BTC, SNX/BNB, SNX/BUSD and SNX/ USDT.
- Binance will use the average price of SNX/USDT trading pairs during the competition period as the SNX/USDT exchange rate used for distribution.
- Sub-account and margin account trading volume will be combined with the master accounts standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
- 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 the Distribution History page in the Account Center.
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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