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Competition on Binance Trading Carnival NEAR You, with $100,000 Rewards Up for Grabs
New Contest on Binance Exchange a NEAR Protocol (NEAR) Token for a chance to win prizes. The pot is $ 100,000
NEAR Protocol (NEAR) has committed a total of $100,000 in rewards to thank the Binance community for supporting their ecosystem, and invite more users to explore their open-source platform.
Promotion period: 2021-10-21 00:00 AM to 2021-10-27 11:59 PM (UTC)
Reward A: New User Exclusive Prize Pool of $10,000 in NEAR Token Vouchers!
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All new users that register for a Binance account during the promotion period with a total trading volume (including both buys and sells) of at least 40 NEAR across eligible NEAR trading pairs will equally split an exclusive prize pool of $10,000 in NEAR Protocol token vouchers.
Reward B: Trade NEAR to Win a Share of $80,000 in NEAR Token Vouchers!
All users who trade 23,000 NEAR or more during the promotion period will be ranked by their total trading volume (including both buys & sells) across eligible NEAR Protocol trading pairs during the promotion period. The reward structure is as follows:
1st place: $5,000 in NEAR token vouchers
2nd place: $4,000 in NEAR token vouchers
3rd place: $3,000 in NEAR token vouchers
4th-15th places: Split $20,000 in NEAR token vouchers equally
All other qualified participants: Split $48,000 in NEAR token vouchers equally (excluding the top 15 winners)
Reward C: Trade NEAR to Each Win $500 in NEAR Token Vouchers
All users with a total trading volume (including both buys and sells) of 40,000 NEAR or more across all eligible NEAR Protocol trading pairs during the promotion period will qualify for a challenge, where 20 winners will be selected based on the challenge rules to each win $500 in NEAR token vouchers.
Additional Margin Promotion Benefits:
0% borrowing interest on NEAR margin trading pairs.
All users that borrow NEAR from Binance Margin will enjoy a VIP+1 borrowing limit.
Terms & Conditions:
Only users who have complete KYC by the end of the activity period shall be eligible for any rewards.
Activity Spot & Margin trading pairs: NEAR/USDT, NEAR/BTC, NEAR/BNB.
Binance will use the average closing price at 11:59:59 PM (UTC) of the NEAR/USDT trading pair during the promotion period as the NEAR exchange rate used for distribution.
Rewards will be distributed within 2 weeks after the promotion ends. You will be able to log in and redeem your token voucher via Account> Reward Center.
The validity period for the token voucher is set at 14 days from the day of distribution.
The award selection rules of Promotion C follow the Award Selection Rules Bases on Binance Chain Hash Value.
Trading volume counts both buys and sells, excluding any wash trades, across selected NEAR spot and margin trading pairs.
Binance will combine sub-account’s and margin account’s trading volume with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Some About NEAR Protocol
NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees.
NEAR is the native utility token that is used for:
Fees for processing transactions and storing data.
Running validator nodes on the network via staking NEAR tokens.
Used for governance votes to determine how network resources are allocated.
NEAR tools include:
NEAR SDKs which includes standard data structures and testing tools for Rust and AssemblyScript.
Gitpod for NEAR to create a zero time onboarding experience for developers.
NEAR Wallet that lets application developers create streamlined user experiences.
NEAR Explorer to aid with both debugging of contracts and the understanding of network performance.
NEAR Command Line Tools to allow developers to deploy applications from local environments.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins but will not be responsible for your trading losses.
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More information about Binance
Binance Exchange offer you a wide range of options to grow your crypto holdings, even when you’re not trading. With Binance, you have the power to allocate your tokens to different activities and services that we regularly launch on the platform.