Binance exchange and STRAX are together launching a Trading Competition to their users. Trade STRAX on Binance exchange, You will have a chance to win $75,000 in STRAX Tokens.
Competition period: 2021-05-21 0:00 AM to 2021-05-27 11:59 PM (UTC)
STRAX Trading Competition On Binance – Tutorial As Below
Register Binance Exchange Account
Event 1: New User Exclusive Reward Of $10,000 In STRAX
All users who register for a Binance account during the competition period and trade 300 STRAX or more effective trading volume (including buys & sells) in select STRAX trading pairs will equally share an exclusive prize pool of $10,000 in STRAX tokens.
Event 2: STRAX Trading Competition – $50,000 In STRAX To Be Won
The top 40 users ranked by effective trading volume will share a pool of $50,000 in STRAX tokens. The rewards will be split based on each user’s total trading volume (including buys & sells) 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) * $50,000 in STRAX tokens.
Event 3: Trade STRAX To Win $500 In STRAX Tokens
All users with a total trading volume (including buys & sells) of 2,000 STRAX or more during the competition period will qualify for a Challenge, where 30 winners will be selected based on Challenge rules to each win $500 in vouchers.
Additional Margin Promotion Benefits:
- 0% borrowing interest on STRAX margin trading pairs.
- Trading volume completed via margin will be multiplied by a coefficient of 3.
- All users that borrow STRAX 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 Challenge rules of Event 3 follow the Challenge Rules Bases on Binance Chain Hash Value.
- Participants that win rewards in Event 2 will not be eligible to receive rewards from Event 3.
- Eligible STRAX trading pairs: STRAX/USDT, STRAX/BTC, STRAX/ETH.
- Binance will use the average closing price at 11:59:59 PM (UTC) of the STRAX/USDT trading pair during the competition period as the STRAX exchange rate used for distribution.
- Trading volume counts both buys and sells, excluding any wash trades, across STRAX/USDT, STRAX/BTC and STRAX/ETH spot and margin trading pairs.
You can go to this Binance page to learn more information
Stratis is a blockchain-as-a-service platform that offers several products and services for enterprises, including launching private sidechains, running full nodes, developing and deploying smart contracts, an initial coin offering platform, and a proof-of-identity application. The company also provides cryptocurrency wallets and blockchain consulting services.
Stratis operates its own blockchain powered by a native token, STRAX, used to purchase and operate services such as executing smart contracts, paying for sidechains, and staking as collateral to operate a Masternode — a node on the network that provides a specific needed service.
The platform was first announced in June 2016, and it launched in August 2016. In November 2020, Stratis deployed a new blockchain that uses STRAX instead of its previous STRAT token.
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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