What could be better than a competition with $ 1 million to be won to attract new traders to its Bitcoin Futures platform.
Binance Futures therefore organizes a trading competition from April 10 to 25, 2020, the winnings are to be won in BNB tokens (Binance Coin).
All teams negotiating perpetual contracts on Binance Futures during the competition period will be ranked based on the total team profit in USDT (sum of the 10 best individual USDT profit results within the team ).
All users of each team must have a minimum balance of 10 USDT before the start of the competition period. As stated in the Binance press release.
Margin trading like Bitcoin Futures is reserved for informed and professional traders due to the risk of capital loss associated with this type of trading.
With this contest which can save $ 1 million in winnings, Binance aims to attract traders who are on Bitmex, Bybit, FTX Exchange, etc.
The more people who participate in the tournament, the higher the price.
Teams can trade perpetual contracts on Binance Futures throughout the competition period, whether Bitcoin Futures, Ripple perpetual contracts, EOS, Link, etc.
Each team must have a registered team leader who will receive 30% of the team price.
The top 10 team members will share 20% of the remaining reward, while all other team members will receive 50% of the total team reward.
It’s important to note that only team members with a transaction volume of $ 50,000 will receive a fraction of the reward.
Team leaders must register between March 26 and April 10, 2020.
All other members can register throughout this period but also until the end of the trading competition.
If you know Bitcoin Futures type margin trading or have trading skills, try your luck in order to win these prizes offered by Binance Futures.
You just need to create an account on Binance Futures to participate in the trading contest: click here.