Binance the world’s largest crypto exchange launched Binance Futures ROI Trading Competition with the following rules. The winners of ROI will be rewarded in BNB Tokens.
- 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 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.
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Awards:- Top 50 ROIs Performers will win $140,000 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.
Daily Lucky Draw -$3000 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.
10 Winners! Each win $300in 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 2020/11/17 at 0:00:00 AM (UTC).