Binance Coin-margined Futures ROI Trading Competition - DropsEarn
Binance Coin-margined Futures ROI Trading Competition

Binance Coin-margined Futures ROI Trading Competition

    Binance launches coin-margined futures ROI trading competition.

    Reward pool
    $200,000
    Expected profit
    from $15
    Max participants
    DropsEarn score
    Neutral

  • Activity Type: Trading Margin Competition Referral Random reward Share reward
  • Date: 18 Nov 2020 03:00(UTC+3) - 2 Dec 2020 03:00(UTC+3)
  • Registration: Open
  • Event status: You can participate (Event started, Registration open)
  • Links: Official Announcement
Go to event page

Detailed information 

Promotion A: Refer a friend to trade and receive 15 USD in BNB each

Refer a friend now and you both will receive 15 USD in BNB when your friend trades Coin-margined Futures on Binance for the first time with a cumulative trading volume of 10,000 USD or more during the competition period. A total referral reward pool of 15,000 USD is available on a first-come, first-served basis. There are no limits to the number of friends you can refer for this promotion.

Promotion B: Top 50 ROIs Performers will win 140k USD in BNB Tokens

All users whose trading volume is above 50,000 USD (including buys and sells) across any coin-margined contracts during the competition period and whose wallet balance is not less than 0.01 BTC equivalent in any tokens, will be ranked based on ROI and awarded based on the following rewards scheme.

Reward Scheme:

  • 1st place: 30,000 USD in BNB tokens
  • 2nd place: 20,000 USD in BNB tokens
  • 3rd place: 10,000 USD in BNB tokens
  • 4th-10th place: equally split 40,000 USD in BNB tokens
  • 11th-50th place: equally split 40,000 USD in BNB tokens

Promotion C: Daily Lucky Draw - 3,000 USD in BNB to Be Won Each Day

From 2020/11/17 00:00 AM(UTC) to 2020/12/02 00:00 AM (UTC), all users with a minimum daily trading volume of 10,000 USD across any coin-margined contracts will be entered into a daily lucky draw to win 300 USD in BNB.

Qualification periods for the daily lucky draws will be from 0:00:00 AM (UTC) to 11:59:59 PM (UTC) on each day of the competition period, for a total of 15 qualification periods, the first of which will begin on 2020/11/17 at 0:00:00 AM (UTC).

  • Qualification for the lucky draw of each period will be displayed on the activity home page.
  • 10 winners will be randomly drawn in each lucky draw period to win 300 USD in BNB each.
  • The winners of each daily lucky draw will be displayed on the activity home page at approximately 2:00 AM (UTC) the following day.

Terms & Conditions:

  • The trading volume includes buys and sells on any coin-margined Futures trading pairs and does not include wash trading.
  • Individual BTC Profit:
    • Asset i Profit = Final Account Asset i Balance (including unrealized pnl) - Initial Account Asset i Balance (including unrealized pnl) + Asset i Withdrawals - Asset i Deposits - Asset i Referral bonuses
    • Individual BTC Profit =∑(Asset i Profit* Close rate of Asset i against BTC)
  • BTC ROI:
    • BTC ROI = ∑[Proportion of Asset i *Asset i Profit/ (100USD in Asset i + Initial Account Asset i Balance + Time-Weighted Asset i Deposits)]
    • Proportion of Asset i =[(Initial Account Asset i Balance + Time-Weighted Asset i Deposits)*Close rate of Asset i against BTC]/ ∑[(Initial Account Asset i Balance + Time-Weighted Asset i Deposits)*Close rate of Asset i against BTC]
    • Time-Weighted Asset i Deposit = Asset i Deposits * (Selection time period remaining in seconds from Asset i deposits) / Selection time period (in seconds)
  • Leaderboard ranks and results of each daily competition will be updated each day at 0:00 AM (UTC).
  • Binance will use the actual price of BNB/USDT trading pairs during the competition period as the exchange rate between USD and BNB for prize distribution.
  • Users can win prizes on multiple days as long as they follow each competition’s terms and conditions.
  • Sub-accounts, including broker sub-accounts, will be considered individual accounts for ROI calculation purposes in this promotion. The individual account, whether the master-account or sub-account, with the highest ROI performance, will be selected as the winning account for Promotion B above. Each grouping of master account and its associated sub-accounts is limited to one winning account for Promotion B.
  • Sub-accounts, including broker sub-accounts, will be considered individual accounts for lucky draw qualification purposes for Promotion C. All individual accounts are eligible to qualify and win lucky draw prizes.
  • Rewards distribution: BNB rewards for each competition will be distributed within 2 weeks after the end of each specific competition, and use the BNB/USDT price at the time of each distribution.
  • Binance reserves the right to disqualify trades that are deemed to be wash trades, illegal bulk account registrations, self-dealing, or display attributes of market manipulation, etc.
  • Binance reserves the right to cancel or amend any Activity or Activity Rules at 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.