Binance & Algorand Trading Competition - DropsEarn
Binance & Algorand Trading Competition

Binance & Algorand Trading Competition

    Binance and Algorand have together committed a total of 250,000 USD in ALGO tokens to give away to users worldwide to celebrate the ALGO/USDT perpetual contract being added to Binance Futures.

    Reward pool
    $250,000
    Expected profit
    from $20
    Max participants
    DropsEarn score
    Neutral

  • Activity Type: Trading Competition Futures
  • Date: 18 Jun 2020 03:00(UTC+3) - 25 Jun 2020 03:00(UTC+3)
  • Registration: Closed
  • When reward: Rewards will be distributed within 2 weeks after the competition ends.
  • Event status: You can't participate (Event ended)
  • Links: Official Announcement
Go to event page

How To

  1. Log in to your account on Binance exchange or create a new.
  2. Go to your Futures account or Open an account.
  3. Go to trade ALGO/USDT perpetual contract on Binance futures account (promotion A)
  4. Refer a friend and have them successfully open a Binance Futures account (promotion B)
  5. Complete a combined 50,000 USDT or more equivalent trading volume in the ALGO/USDT perpetual futures contract or in the BTCUSD 0925 quarterly futures contract (promotion B)

Detailed Information

Promotion A: Trade ALGO/USDT Perpetual Futures to Win from a Pool of $100,000 USD in ALGO Tokens!

All Users will be ranked in terms of the ALGO/USDT perpetual contract trading volume traded on their Binance futures account (including both buys and sells) during the activity period. The reward structure is as follow:
 

1st place: 30,000 USD in ALGO tokens.

2nd place: 20,000 USD in ALGO tokens.

3rd place: 10,000 USD in ALGO tokens.

4th-10th place: split 40,000 USD in ALGO tokens equally.
 

Promotion B: Complete Tasks on Binance Futures, 150,000 USD in ALGO Tokens to be Won!

All users that complete the tasks listed below during the competition period will be rewarded with a share of 150,000 USD in ALGO Tokens.
 

  • Task 1: Refer a friend with your Binance Futures referral code and have them successfully open a Binance Futures account.
  • Task 2: Complete a combined 50,000 USDT or more equivalent trading volume in the ALGO/USDT perpetual futures contract or in the BTCUSD 0925 quarterly futures contract (trading volume in either contract will contribute to completing the task).
  • Task 3: Share your ALGO/USDT ROI image from the Binance App and include the hashtag: #BinanceFuturesALGO on social media (Twitter, Facebook or Instagram) and then take a screenshot. Submit your Binance user ID (please check your user ID at the top of user center) + sharing screenshot in this form.
     

Rewards

  • Complete any 2 out of the 3 tasks above and equally share a total prize pool of $50,000 USD in ALGO tokens.
  • Complete all 3 tasks and equally share a total prize pool of $100,000 USD in ALGO tokens.
  • Users that complete 3 tasks will not receive rewards for completing 2 tasks. 

Related Links:


Terms:

  • Winners of promotion A can also win rewards in Promotion B.
  • Referring a friend to open a Binance Futures account in Task 1 includes both new users and also existing users that previously did not have a Binance Futures account.
  • If you have not opened a Binance account yet, you can click here for an additional 10% discount on trading fees. The 10% spot trading fee discount will remain valid as long as the Binance referral program is in place. The 10% futures trading fee discount shared by the inviter will last for 30 days from the date of Futures account activation. 
  • Sub-accounts will not be viewed as independent accounts when participating in this activity. 
  • The exchange rate between ALGO and USDT will be based on the average ALGO/USDT perpetual contract price during the competition.
  • Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards in the Distribution History section of your Account Center.
  • Binance reserves the right to disqualify trades that are deemed to be wash trades or from illegally bulk registered accounts, self-dealing or display attributes of market manipulation, etc.
  • Binance reserves the right to cancel or amend the Competition or Competition Rules at our sole discretion.
     

Risk warning: Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balance in your futures wallet may be liquidated.