Binance & Streamr Trading Competition - DropsEarn
Binance & Streamr Trading Competition

Binance & Streamr Trading Competition

    The Streamr project recently launched its Data Union framework, a cutting-edge system that empowers Internet users around the world to sell their own data. To celebrate, Binance is running a Streamr DATAcoin trading competition.

    Reward pool
    $60,000
    Expected profit
    from $3
    Max participants
    DropsEarn score
    Neutral

  • Activity Type: Registration Trading Deposit Competition
  • Date: 16 Oct 2020 03:00(UTC+3) - 24 Oct 2020 03:00(UTC+3)
  • Registration: Closed
  • Event status: You can't participate (Event ended)
  • Links: Official Announcement
Go to event page

Detailed information 

Promotion A: New User Promo: Exclusive Rewards of 10,000 USD in DATA

All users that 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 USD in DATA tokens.

  • Trade 2,500 DATA or more in any DATA trading pairs.
  • Deposit 2,500 DATA or more in a Binance account from an external wallet or another exchange.

Promotion B: DATA Trading Competition

All users with a total trading volume of 25,000 DATA or more during the competition period will share a pool of 50,000 USD in DATA tokens, based on the proportion of each user‘s total DATA trading volume.

Reward Calculation:

The reward for each qualified user = (Each user’s total effective trading volume / all qualified users’ total effective trading volume) * $50,000 in DATA tokens.

Promotion C: Special DATA Event in Binance Savings

The special event will be opened to users who traded DATA on their Binance account during the competition period.

  • Subscription Format: First-come, first-served basis.
  • Subscription Period: From 2020/10/23 12:00 PM (UTC) to 2020/10/24 12:00 PM (UTC).
  • Interest Calculation Period: 2020/10/24 12:00 PM (UTC) to the end of each respective product period.
  • Interest Payout Time: Immediately after the loan term matures.

 

Digital Asset Term to Maturity Total Subscription Cap Annualized Interest Rate Lot Size Interest Per Lot at Maturity
DATA 14 days 25,000,000 DATA 12% 1,000 DATA 4.6 DATA
DATA 30 days 25,000,000 DATA 20% 1,000 DATA 16.44 DATA

Terms & Conditions:

  • Rewards will be distributed within 2 weeks after the competition ends. You will be able to login 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.
  • How to Redeem a Cash Voucher.
  • 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.
  • Binance will use the average closing price at 11:59:59 PM (UTC) of DATA/USDT trading pairs during the competition period as the DATA/USDT exchange rate used for distribution.
  • Trading volume counts both buys and sells, excluding any wash trades, across all DATA 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 illegal bulk registration accounts, self-dealing or display attributes of market manipulation, etc..
  • Rewards will be distributed within 2 weeks after the competition ends. You will be able to login and see your rewards via Distribution History > Wallet > Account Center.
  • Binance reserves the right to cancel or amend any Activity or Activity Rules at sole discretion.

Risk warning: Cryptocurrency investment is subject to high market risk. Binance is not responsible for any direct, indirect or consequential losses as a result of the trading competition. Please make your investments with caution.