Binance and the Utrust team are together launching a trading competition and have committed a total of 50,000 USD in UTK tokens as prizes to celebrate UTK now being available to trade using isolated margin.
Competition period: 2020/11/19 00:00 AM to 2020/11/25 11:59 PM (UTC)
Utrust Trading Competition On Binance – Tutorial As Below
Register Binance Exchange Account
Event 1: New User Exclusive Rewards Of $10,000 In UTK Tokens
All users who register for a Binance account during the competition period and complete any 1 of the 2 tasks below will share an exclusive prize pool of $10,000 in UTK tokens.
Trade 10,000 UTK or more (buys & sells) in any UTK trading pair.
Deposit 10,000 UTK or more in a Binance account from an external wallet or another exchange.
Event 2: UTK Trading Competition
All users with a total trading volume of 60,000 UTK or more during the competition period will share a pool of $40,000 in UTK tokens, based on the proportion of each user‘s total UTK 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 UTK tokens.
Additional Margin Promotion Benefits:
- 0% borrowing interest on UTK margin trading pairs.
- Trading volume completed via margin will be multiplied by a coefficient of 3.
- All users that borrow UTK from Binance Margin will enjoy VIP+1 borrowing limit.
Binance will use the average closing price at 11:59:59 PM (UTC) of UTK/USDT trading pairs during the competition period as the UTK/USDT exchange rate used for distribution.
Trading volume counts both buys and sells, excluding any wash trades, across all UTK spot and margin trading pairs.
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.
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.
You can go to this Binance page to learn more information
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).
The Utrust platform allows merchants to accept digital currencies as a means of payment. It aims to bring digital currencies to mainstream consumers while providing the buyer protection and credibility of traditional payment platforms. With an API for merchants and UX for buyers. Utrust stands at the intersection of e-commerce, mobile payments, and cryptocurrency.
The team believes that digital currency is the future of money and the genesis of a more open and more inclusive financial system. Utrust’s long-term vision is to become the leading platform for digital consumer currency payments, delivering a trusted blockchain payment solution to the world’s most successful companies.
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