BTC-USD Quarterly Futures Competition - DropsEarn
BTC-USD Quarterly Futures Competition

BTC-USD Quarterly Futures Competition

    To celebrate the launch of Quarterly Futures contracts on Binance Futures, the team have committed over 200,000 USD in BNB tokens in prizes to be won across the three competitions detailed below.

    Reward pool
    $200,000
    Expected profit
    $200 - 30,000
    Max participants
    DropsEarn score
    Neutral

  • Activity Type: Trading Random reward Social networks Contest Futures
  • Date: 30 Jun 2020 03:00(UTC+3) - 15 Jul 2020 03:00(UTC+3)
  • Registration: Closed
  • When reward: BNB rewards for each competition will be distributed within 2 weeks after the end of each specific competition.
  • Event status: You can't participate (Event ended)
  • Links: Official Announcement Official Website
Go to event page

How To Participate:

  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 across all BTCUSD quarterly futures contracts during the competition period. 
  4. Terms of participation for each particular competition, see in details below.

Detailed Information

Competition A: BTCUSD Quarterly Futures Trading Competition, 110,000 USD in BNB Tokens to Be Won!

All users will be ranked based on their total trading volume (including buys and sells) across all BTCUSD quarterly futures contracts during the competition period. 

The reward structure is as follows:

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 50,000 USD in BNB tokens

Competition B: Daily Lucky Draw - 3,000 USD in BNB to Be Won Each Day!

All users with a minimum trading volume of 10 BTCUSD quarterly contracts (1,000 USD in BTC)across each qualification period will be entered into a lucky draw to win 1,000 USD in BNB.

Qualification periods for the lucky draw 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 2020/06/30 at 0:00:00 AM (UTC).
 

  • Qualification for the lucky draw of each period will be displayed on the activity landing page. 
  • 3 winners will be randomly drawn in each lucky draw period and will win 1,000 USD in BNB each. 
  • The winners of each lucky draw period will be displayed on the activity landing page at approximately 2:00 AM (UTC) the following day.

Bonus:

Share the results of your lucky draw with the hashtag #BinanceQuarterlyFutures for a chance to win a 50 USDT Binance Futures voucher. 10 winners will be announced on Twitter at the end of the competition period.

Competition C: BTCUSD Daily ROI Activities, 3,000 USD in BNB to Be Won Each Day!

All users with a minimum trading volume of 10 BTCUSD quarterly contracts (1,000 USD in BTC) in each qualification period will be ranked based on their daily ROI. Qualification periods for the daily ROI competition will be from 0:00:00 AM (UTC) to 11:59:59 PM (UTC) each day of the competition period, for a total of 15 qualification periods, the first of which will begin on 2020/06/30 at 0:00:00 AM (UTC).
 

The reward structure for each of the 15 daily ROI competitions is as follows:

1st Place: 1,000 USD in BNB tokens

2nd Place: 500 USD in BNB tokens

3rd Place: 300 USD in BNB tokens

4th - 10th Place: equally split a pool of 1,200 USD in BNB tokens


Terms & Conditions:

  • BTC trading volume includes buys and sells on the BTC/USD delivery contract trading pair and does not include wash trading.
  • Returns Calculations:
    • BTC Profit = Final Account BTC Balance (including unrealized pnl) - Initial Account BTC Balance (including unrealized pnl) + BTC Withdrawals - BTC Deposits - BTC Referral bonuses.
    • BTC ROI =  BTC Profit Amount / (Initial Account BTC Balance + Time-Weighted BTC Deposits)
    • Time-Weighted BTC Deposit = BTC Deposits * (Competition time remaining in seconds) / 86,400
    • Time remaining on each daily ROI competition starts at 86,400 and decreases to 0. Deposits at the start of the competition receive full weight. After 12 hours, deposits will only have a 50% weighting. After 23 hours have passed, deposits will receive a 1/24 weighting and so on.
  • Leaderboard ranks and results of each daily competition will be updated each day at 0:00 AM (UTC).
  • Binance Futures uses “contract” as a standardized size unit when describing a quarterly futures contract position size. 1 contract equals 100 USD in BTC.
  • Binance will use the real 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 will not be counted as individual accounts in the trading volume activity but can participate in the daily ROI activity.
  • 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 our sole discretion.
     

Risk WarningFutures 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.


Updated Daily Returns Calculations from 2020-07-03:

BTC Profit = Final Account BTC Balance (including unrealized pnl) - Initial Account BTC Balance (including unrealized pnl) + BTC Withdrawals - BTC Deposits - BTC Referral bonuses.

BTC ROI =  BTC Profit Amount / (Initial Account BTC Balance + 0.001 BTC + Time-Weighted BTC Deposits)

Time-Weighted BTC Deposit = BTC Deposits * (Competition time remaining in seconds) / 86,400

The time remaining on each daily ROI competition starts at 86,400 and decreases to 0. Deposits at the start of the competition receive full weight. After 12 hours, deposits will only have a 50% weighting. After 23 hours have passed, deposits will receive a 1/24 weighting and so on.

Please note:

  • The first three Daily ROI competitions results will remain using the previous calculation methodology, which ran from 2020/06/30 0:00 AM (UTC) to 2020/07/03 0:00 AM (UTC).
  • Binance reserves the right to cancel or amend any Activity or Activity 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.