Binance Margin has unveiled a brand new Curiosity Charge Rebate Promotion, providing a considerable reward pool of 130,000 USDC in token vouchers, in accordance with Binance. This initiative is designed to incentivize each Common and VIP 1-6 customers to extend their margin buying and selling quantity throughout the promotional interval.
Promotion Interval and Eligibility
The promotion runs from August 27, 2024, 00:00 (UTC) to September 5, 2024, 23:59 (UTC). Eligible members embody Common and VIP 1-6 customers who register for the promotion and meet the brand new margin buying and selling quantity necessities. Customers who qualify can obtain USDC token vouchers primarily based on their buying and selling quantity increments throughout the promotion interval.
Tips on how to Take part
Members should register for the promotion and fulfill the brand new margin buying and selling quantity tiers to qualify for the rebates. The brand new margin buying and selling quantity is calculated as the combination buying and selling quantity throughout the promotion interval minus the combination buying and selling quantity within the ten days previous the beginning of the promotion.
As an illustration, if a person traded $2,500,000 within the ten days earlier than the promotion and $3,500,000 throughout the promotion, they might have a brand new margin buying and selling quantity of $1,000,000, qualifying them for Tier 1 rewards.
Phrases and Situations
A number of phrases and circumstances apply to this promotion:
- The promotion is offered solely to Common and VIP 1-6 customers.
- Liquidity suppliers within the Binance Spot Liquidity Supplier Program usually are not eligible.
- Rewards are distributed on a first-come, first-served foundation and are primarily based on the best tier achieved by the participant.
- New margin buying and selling volumes should exclude trades on stablecoin-to-stablecoin and zero-fee pairs.
- For EEA customers, buying and selling volumes on all FDUSD and USDT pairs are excluded.
- Rewards shall be distributed inside 21 working days post-promotion and should be claimed inside two weeks of distribution.
- Binance reserves the best to amend or terminate the promotion phrases at its discretion.
Binance emphasizes compliance with all phrases to make sure eligibility. This promotion gives a lovely alternative for margin merchants to scale back their curiosity charges whereas growing their buying and selling exercise on the platform.
For extra particulars and to register, customers can go to the official Binance announcement web page.
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