Binance & Reef Finance Trading Competition - DropsEarn
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Binance & Reef Finance Trading Competition

Binance & Reef Finance Trading Competition

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Reward pool

$50,000

equal in REEF

Expected profit

from $10

equal in REEF

Max participants

No limit

DropsEarn score

Neutral

Normal, Low Risks

Details 

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

All users who registered for a Binance account during the competition period and achieve a total effective trading volume of 50,000 REEF or more (including buys & sells) across any REEF trading pair will share an exclusive prize pool of 10,000 USD worth of REEF.

Promotion B: REEF Trading Competition - $30,000 in REEF to Be Won.

The top 30 users ranked by effective trading volume will share a pool of $30,000 in REEF tokens. The rewards will be split based on each user‘s total trading volume as a proportion of the top 30 users’ total effective trading volume during the competition period.

Reward Calculation:

The REEF reward for each qualified user = (Each user’s total effective trading volume / Top 30 users’ total effective trading volume) * $30,000 in ​​REEF tokens.

Promotion C: Trade REEF to Win from Lucky Draw for $500 in REEF Tokens

All users with a total trading volume (including both buys and sells) of 10,000 REEF or more during the competition period will qualify for a lucky draw, where 20 lucky winners will be randomly drawn to each win 500 USD in REEF tokens.

Additional Margin Promotion Benefits:

  • 0% borrowing interest on REEF margin trading pairs.
  • Trading volume completed via margin will be multiplied by a coefficient of 3.
  • All users that borrow REEF 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 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.
  • REEF trading pairs include REEF/USDT, REEF/BTC.
  • Participants that win rewards in Promotion B will not be eligible to receive rewards from Promotion C.
  • The lucky draw rules of promotion C follow the Lucky Draw Rules Bases on Binance Chain Hash Value.
  • Binance will use the average closing price at 11:59:59 PM (UTC) of the REEF/USDT trading pair during the competition period as the REEF/USD exchange rate for REEF distribution.
  • The effective trading volume counts both buys and sells, excluding any wash trades, across REEF 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.
  • 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 Reef Finance have teamed up to hold a trading competition and give away $50,000.

Activity Type

Registration

Trading

Margin

Competition

Date

5 Feb 2021 03:00(UTC+3) - 12 Feb 2021 03:00(UTC+3)

Registrition

Closed

Event Status

You can't participate (Event ended)