Welcome to the Year of the Ox! To usher in the Lunar New Year, Binance Futures is hosting a Spring Tournament from March 2, 2021, 0:00:00 AM (UTC) to April 1, 2021, 0:00:00 AM (UTC).
All teams trading Coin-margined and USDⓈ-margined contracts on Binance Futures during the competition period will be ranked based on their total Team Profit in USDT (total sum of all individual team members’ USDT Profit, whose profit ＞0). Please note that USDT Profit from BUSD Futures contracts will be multiplied by a coefficient of 2 when calculating the final USDT Profit for the tournament.
The total prize pool for the Team P&L competition will be determined based on the total number of team members across all participating teams. The more participants there are, the higher the total prize pool will be. The maximum prize pool is 1,550,000 USD in BNB tokens.
During the 30-day event, you stand to win prizes from these categories :
- Top 10 Team P&L Competition: prize pool of up to 1,500,000 USD in BNB
- Top 20 Most Popular Team Leaders: prize pool of up to 51,000 USD in BNB
- Daily ROI Rewards: 75,000 USD in BNB giveaway
- Predict The Top 10 P&L Teams Competition: 20,000 BUSD giveaway
A total prize pool of over 1,600,000 USD in BNB tokens to be won!
Users can also vote for the participating teams they think will be in the Top 10 P&L Teams. At the end of the competition, users who have voted for the Top 10 P&L Teams can qualify to receive bonus rewards.
Each voting ticket allows the user to vote once and for one of the participating teams in the competition. Users can vote more than once and for more than one team. Here are the rules to qualify:
- Users with a daily minimum trading volume of 1,000 USDT across any Coin-margined and USDⓈ-margined contracts will receive 1 voting ticket.
- Users who open a Futures account for the first time and accumulate the minimum total trading volume of 1,000 USDT across any Coin-margined and USDⓈ-margined contracts within the same day of opening their Futures account will receive 1 additional voting ticket.
- Users can also choose to acquire additional voting tickets by purchasing them on the tournament landing page for 1 BUSD each. Each user can purchase up to 10 voting tickets per day.
Voting Rewards – Pick the winning team and win prizes!
Binance has committed 20,000 BUSD tokens for the voting bonus pool, and all additional funds collected from the purchase of the voting tickets will be added to the voting bonus pool. At the end of the trading competition, users who voted for the Top 10 P&L teams will receive the following rewards:
Voters’ Reward Structure
- Users who voted for the 1st ranked P&L team will receive 30% of the voting bonus pool in BUSD tokens.
- Users who voted for the 2nd ranked P&L team will receive 20% of the voting bonus pool in BUSD tokens.
- Users who voted for the 3rd ranked P&L team will receive 10% of the voting bonus pool in BUSD tokens.
- Users who voted for the 4th – 10th ranked teams will equally split 40% of the voting bonus pool in BUSD tokens.
Individual Voters’ Rewards
The reward for each user who voted for the Top 10 Teams will be proportionate to their votes cast for the Top 10 Teams.
The calculation is as follows: (total number of votes of the individual user in the top 1 team / total votes of the top 1 team) * 30% of the voting bonus pool + *** *** + (total number of votes of the individual user in the top 10 teams / total votes of the top 10 team) * 40% of the voting bonus pool/7
How to be a team leader or team member?
Be A Team Leader
- Team Leader Benefits
- Receive 30% of your team’s total reward
- Your account will receive a referral bonus boost to 30%
- Get high-quality exposure from Binance media globally.
- The more team traders (>0 trading volume during the tournament period), the better chance you have of winning one of the “Top 20 Most Popular Team Leaders” rewards of 51,000 USD in BNB tokens.
- Notes for Team Leaders
- Once your team is created, you will not be able to make any further changes.
- Team leaders must have an existing Binance Futures account and deposited at least 10 USDT in BTC (or 10 USDT in ETH, ADA or LINK, etc.) into your Binance Coin-margined Futures wallet or your Binance USDⓈ-margined Futures wallet before creating a team.
- Each team must have a minimum of 10 team members (Leader + 9 Members).
- If team leaders cannot reach this requirement within seven days of signing up, the team will be disbanded, and members will be free to join other teams. There is no limit on how many team members can be in each team.
- Team leaders will be able to continue adding team members after the sign-up period ends and find their ten strongest contributors.
- Share the team link to invite people to join your team also to acquire them as your referral. If existing Binance Futures users join your team, the referral relationship of the user will not be affected.
- During the competition period, team leaders can create their own community groups and provide valuable market analysis and guidance on how to trade on Binance Futures.
- Please note that the analysis provided by team leaders is not representative of the views of Binance in any way. Binance will not be held liable for any trading losses experienced by team members following team leaders’ guidance.
Awards:- Top 10 Team P&L Competition – Total Prize Pool of up to $1,500,000 in BNB
Deadline:- 01-04-2021
