Binance we announced to the world one of the best ways to celebrate the launch of the futures contract quarterly in Binance Futures: Three competitions where they play $200,000 in prizes! How?!
New competition in Binance Futures
Recall that the June 11, Binance launched the future quarterly of Bitcoin. For those not in the know, a future is a vehicle that allows operators to bet on the expected price of Bitcoin for a certain time in the future.
Yes, Binance has from 2019 offering futures contracts to their clients. However, the main difference lies in the fact that those contracts he offered were perpetual. This means that they could end at any time.
Now, the new release of the exchange allows operators to acquire future quarterly ending on the last Friday of the corresponding three-month period.
Something important to celebrate
Obviously this is a big step for Binance and for their customers. Therefore, celebrate it with three competitions is a way of promoting the use of the platform to the time that the best operators to receive rewards. And… it’s fun.
The period of the competition will be from 20/06/2020 0:00:00 AM (UTC) at 15/07/2020 0:00:00 AM (UTC).
Binance explains that the operators are classified in function of their trading total (including purchases and sales) in all futures contracts on a quarterly basis by BTC-USD during the period of competition.
The winners will be:
1st place: USD 30,000 in tokens BNB.2nd place: $ 20,000 in tokens BNB.3rd place: $ 10,000 in tokens BNB.4th to 10th place: will be split equally $ 50,000 in tokens BNB.
In this competition daily Binance grant of 3,000 USD in prize money. Yes, as well as read it.
Binance explains that “all users with a minimum volume of 10 contracts quarterly BTCUSD ($1,000 USD in BTC) in each grading period will be entered into a drawing to win $ 1,000 USD in BNB”.
The qualifying time for each day of the competition will be from 0:00:00 AM (UTC) to 11:59:59 PM (UTC), for a total of 15 marking periods, the first of which will begin the 30/06 2020 at 0:00:00.m. (UTC).
In this competition, daily raffle 3 winners at random in each period of the sweepstakes and each will receive $ 1,000 USD in BNB.
In this competition also will be 3.000 USD on BNB every day. To participate Binance explains that you must have a minimum volume of trading 10 contracts quarterly BTC-USD (1.000 USD in BTC).
So daily, the participants are classified in function of your ROI per day. Also, “the periods of qualification for the competition’s daily ROI will be 0:00:00 AM (UTC) to 11:59:59 PM (UTC) each day of the period of competition, for a total of 15 marking periods, the first of which will begin the 30/06 2020 at 0:00:00.m. (UTC)”.
The structure of rewards for each of the 15 competitions daily ROI will be:
1st place: $ 1,000 in tokens BNB.2nd place: $ 500 in tokens BNB.3rd place: $ 300 in tokens BNB.4th to 10th place: will be split equally us $ 1200 in tokens BNB.
If you want to know more about the terms and conditions of Binance for the competition, we invite you to review his blog post.