Binance Introduces New Trading Competition
Binance Futures has announced a new competition focused on Mock Copy Trading, offering participants the chance to share a total of 30,000 USDT in token voucher rewards, according to Binance.
The competition, which runs from June 14, 2024, to June 27, 2024, allows users to explore Futures Copy Trading without incurring any costs or risks. Participants must register for the promotion and create at least one new mock copy trading portfolio to qualify. The competition will rank participants based on the total Profit and Loss (PnL) of their top 10 positive-PnL mock copy trading portfolios during the promotion period.
Promotion Details and Rewards Structure
Eligible users can share 20,000 USDT in token vouchers as per their rankings. Additionally, new Binance Futures Copy Traders who open at least one copy trading portfolio with a minimum of 20 USDT equivalent during the promotion period will be ranked based on the average number of daily swipes made via the ‘Discover’ feature on the Binance App. The top 2,000 participants will share an additional 10,000 USDT in token vouchers.
The rewards distribution will follow the completion of the promotion, with USDT token vouchers being distributed within 14 working days. Users can redeem their rewards via the Rewards Hub on the Binance platform, and the validity period for vouchers is set at 30 days after distribution.
Getting Started with Futures Mock Copy Trading
To participate, users must log in to their Binance account and navigate to the Futures section, where they can select and copy a portfolio. The system will allocate a virtual amount of 10,000 USDT to each Mock Copy Trading portfolio. The ‘Discover’ feature on the Binance App allows users to swipe right to mark a portfolio as a favorite or left to pass, providing detailed metrics to help inform their decision.
Terms and Conditions
Only verified users from eligible regions can participate in the promotion. Participants can mock up to 10 and copy up to 20 trading portfolios simultaneously. The total PnL in Promotion A must be positive for participants to qualify for rankings and rewards. Binance reserves the right to disqualify any participants showing signs of fraudulent behavior and to amend the terms and conditions as necessary.
Participants are advised to familiarize themselves with the legal and regulatory requirements of their respective regions, as the promotion may be restricted or unavailable in certain jurisdictions.
Disclaimer
Binance emphasizes that digital asset prices are subject to high market risk and price volatility. Participants are responsible for their investment decisions and should consult independent financial advisers if necessary. Copy trading involves a high level of risk, including the possibility of following inexperienced or unprofessional traders.
Image source: Shutterstock
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