Binance Futures is holding a Futures Grand Tournament giving users a chance to win from a maximum prize pool of 1,800,000 BUSD tokens and 1,400 limited edition Chess NFTs.
The competition starts on 30 May and will end on 13 June 2022. There are now over 60,000 registered participants and 950 competing teams, and registration is ongoing until the end of the tournament.
Participation and activities
The tournament would include the challenges and activities such as:
- Record-Breakers: Win token prizes and vouchers by breaking historical tournament teams and personal trading volumes.
- Team Competition: A competition between teams for the best PNL performance.
- Individual Bout: Competition between individual traders for the top ROI.
- Referral Challenge: Refer friends and trade in order to get NFTs that multiply PNL points.
In order to participate in the tournament, users have to verify their accounts and must have completed trades of at least 500 USDT on the Futures platform since 01 January 2022 at 00:00 UTC.
The Referral Challenge
Users who register for the Futures tournament can accumulate Referral Challenge points between 23 May 2022 and 29 May 2022. Participants who collect 8 points every day will qualify to enter a daily challenge where 200 winners would be selected daily to win a Binance Futures Grand Tournament Limited Edition Chess NFTs. These NFTs come in 16 types and 4 rarity levels: Super Super Rare (SSR), Super Rare (SR), Rare (R), and Normal (N).
Profit calculation from Token of the Day Futures contracts will depend on whether a user holds a Binance Futures Grand Tournament Limited Edition Chess NFT and its rarity.
Team Competition, Individual Bouts, and Record-Breakers
In the Team Competition, all teams trading COIN-M and USDⓈ-M contracts during the tournament will be ranked depending on their total sum of Team Daily PNL. This would be calculated by adding up the PNL of the top 10 eligible users for the day who get the highest trading volume on Futures.
Users taking part in the Individual Bout would be ranked on the basis of their daily ROI given they have a daily trading volume of 10,000 USDT equivalent across COIN-M and USDⓈ-M contracts on Binance Futures.
For the Record-Breakers, participants could get a chance to share exclusive rewards by breaking the existing total team trading volume record of Futures Grand Tournament Nov 2021 and their personal daily trading volume record on Binance Futures. Winners would get to equally split the corresponding Record-Breakers Prize Pool unlocked and also get exclusive NFTs.
Dynamic prize pool
Every competition has a dynamic prize pool that depends on the total number of participants. The prize pool would increase with the number of participants with the full prize pool being 1,800,000 BUSD tokens.
Additionally, for the Record-Breakers activity, only the eligible participating teams would share the prize pool while other qualified individual users can receive Futures Cashback Vouchers instead. Every Futures Cashback Voucher would be capped at a value of 1,000 USDT.
All participants will also be eligible to receive a Futures cashback voucher of up to 1,000 USDT by surpassing their daily trading volume record since 1 January 2022. Participants can qualify for repeat rewards by breaking their individual records throughout the duration of the tournament.
About Binance Futures
The Binance Futures platform gives users a unique opportunity to become a part of one of the most liquid derivatives exchanges in the market while also offering a massive selection of crypto trading pairs.
It has been designed with a user-centric approach allowing traders to plan their strategies ahead of time to improve trading consistency, manage risks better and prevent compulsive trading.
Disclaimer: This is a paid post and should not be treated as news/advice.