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.

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, Binance announced on Monday.

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. To participate, users must register for the promotion and create at least one new mock copy trading portfolio. 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

Participants will be ranked based on the total PnL of their top 10 positive-PnL mock copy trading portfolios during the promotion period. Eligible users will be able to share 20,000 USDT in token vouchers as per their rankings.

Moreover, 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 will be distributed after 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 30 days after distribution.

Getting Started with Futures Mock Copy Trading

To participate in Futures Mock Copy Trading, users need to 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, with detailed metrics provided to help users make informed decisions.

Terms and Conditions

Only verified users from eligible regions will be able to 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 also 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 highlighted that digital asset prices are subject to high market risk and price volatility. Participants are responsible for their own investment decisions and should seek independent financial advice if they are unsure about the risks involved.

Copy trading, in particular, carries a high level of risk, including the possibility of following inexperienced or unprofessional traders, which could lead to substantial losses. Participants are advised to proceed with caution and conduct thorough research before allocating any funds to copy traders. Tags

Timothy Morano