Big Interest Cashback Promotion from Binance Margin
Binance Margin announced that it has launched a major interest fee refund promotion for Regular and VIP 1 to 6 users.
Eligible users who increase their trading volume on any Margin product during the promotional period can receive a share of the reward pool of token vouchers worth 130,000 USDC.
Promotion Period: 27 August 2024 00:00 (UTC) - 5 September 2024 23:59 (UTC)
How to Participate:
Users registered during the promotion period and reaching the new margin trading volume levels specified in the table below will be rewarded with USDC token coupons. The refund amount users can receive corresponds to the following levels:
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Level 1: 150 USDC for 1,000,000 USD trading volume
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Level 2: 1,500 USDC for 10,000,000 USD trading volume
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Level 3: 4,000 USDC for 25,000,000 USD trading volume
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Level 4: 7,500 USDC for 50,000,000 USD trading volume
How to Calculate New Margin Trading Volume:
New Margin Trading Volume is calculated by subtracting the total trading volume in the 10 days prior to the start of the Promotion Period from the total trading volume during the Promotion Period.
For example, if a user trades a total of $2,500,000 in the 10 days before the Promotion Period begins and trades a total of $3,500,000 during the Promotion Period, that user will be deemed to have traded $1,000,000 in New Margin Trading Volume and will be eligible for Tier 1 rewards.
10 days before the start of the promotion period: 17 August 2024 00:00 (UTC) - 26 August 2024 23:59 (UTC)
Terms and Conditions:
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This Promotion is only valid for Regular and VIP 1-6 users.
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Users must complete the identity verification and address proof processes.
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Users must not live in Binance Margin restricted countries/regions.
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They must be registered for the promotion.
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Liquidity providers in the Binance Spot Liquidity Provider Program are not eligible to participate in this Promotion.
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Eligible users will be rewarded based on the highest level only. Rewards will be awarded in order of application and will continue until the 130,000 USDC token coupons are fully distributed.
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Eligible new Margin trading volume includes the sum of trading volume across all Margin products during the Promotion Period. Transactions made in stablecoins, e-stablecoins and zero-fee pairs are not included in the trading volume requirements under this promotion. Additionally, trading volumes on all FDUSD and USDT trading pairs are not included in the trading volume requirements under this promotion for EEA users.
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Rewards will be distributed in the form of token vouchers to eligible users within 21 business days after the end of the Promotion Period. Users will be able to receive and redeem reward coupons via Profile > Rewards Center. All token coupons will expire within two weeks after distribution. Users must claim their coupons before the expiration date.
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Binance reserves the right to change or terminate these terms and conditions at any time without prior notice. This includes cancellation, extension, termination or suspension of the promotion. Participants will be subject to any changes made.
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Illegal bulk registered accounts or sub-accounts are not included in this promotion. Additionally, users who modify the Binance program code or interfere with other software will be disqualified. Binance reserves the right to immediately disqualify users who demonstrate fraudulent behavior (e.g. wash trading, mass account registrations, self-trading, market manipulation, etc.).
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There may be differences in the translation of the original English article. In case of any differences, it is recommended to consult the original version for the most up-to-date information.