Binance & Paxos Trading Competition - DropsEarn
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Binance & Paxos Trading Competition

Binance & Paxos Trading Competition

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Reward pool

$50,000

equal in PAXG

Expected profit

from $5

equal in PAXG

Max participants

No limit

DropsEarn score

Neutral

Normal, Low Risks

Detailed information 

Promotion A: New User Exclusive Rewards of $10,000 in PAXG.

All users who register for a Binance account during the competition period and trade 0.2 PAXG or more effective trading volume (including buys & sells) in any PAXG trading pair will share an exclusive prize pool of 10,000 USD in PAXG tokens.

Promotion B: PAXG Trading Competition - $40,000 in PAXG to Be Won.

The top 40 users ranked by effective trading volume will share a pool of $40,000 in PAXG tokens. The rewards will be split based on each user‘s total trading volume 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) * $40,000 in PAXG tokens.

Promotion C: Additional Margin Promotion Benefits:

  • 0% borrowing interest on PAXG margin trading pairs.
  • Trading volume completed via margin will be multiplied by a coefficient of 3.
  • All users that borrow PAXG from Binance Margin will enjoy VIP+1 borrowing limit.

Terms & Conditions:

  • If you don’t have a Binance account, click here to get a 10% trading fee discount. 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.
  • 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 14 days from the day of distribution.
  • How to Redeem a Cash Voucher.
  • PAXG trading pairs eligible: PAXG/USDT, PAXG/BTC, PAXG/BNB.
  • Binance will use the average closing price at 11:59:59 PM (UTC) of PAXG/USDT trading pairs during the competition period as the PAXG 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, across all PAXG spot and margin trading pairs.
  • Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
  • Binance reserves the right to cancel or amend any Activity or Activity Rules at sole discretion.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.

 
 

About

Binance and Paxos have teamed up to hold a trading competition and give away $50,000.

Activity Type

Registration

Trading

Deposit

Margin

Competition

Date

3 Feb 2021 03:00(UTC+3) - 10 Feb 2021 03:00(UTC+3)

Registrition

Closed

Event Status

You can't participate (Event ended)