By Tobi Loba
According to an update published some hours ago on the official website of Binance exchange, Binance Futures has launched a $70,000 giveaway for users that are trading on Chainlink (LINK) against Tether (USDT) perpetual contract.
According to the report, the competition will hold between 6th March 2020, at 0:00 AM and 13th March 2020, at 0:00 AM (UTC).
The airdrop will be in two parts. $50,000 in BNB and $20,000 in Binance Futures vouchers.
“Trade Chainlink LINK/USDT on Binance Futures for a Chance Win $50,000 in BNB and $20,000 in Binance Futures Vouchers!” Binance exchange shared.
Trade @chainlink $LINK/USDT on #Binance Futures for a Chance Win $50,000 in $BNB and $20,000 in #BinanceFutures Vouchers!https://t.co/QfM2DVw04U pic.twitter.com/ST0VCCa8Mm
— Binance (@binance) March 5, 2020
Promotion A
In the first part of the promotion, the LINK spot traders will be sharing $20,000 in Futures vouchers. All users with more than 1,000 LINK trading volume in any LINK spot trading pair in the last 7 days will be qualified to receive a $20 in Binance Futures voucher for opening a new Binance Futures account during the period of the competition.
- During the activity period, users will receive 20 USDT in Futures Vouchers the day after they open a Binance Futures account.
- Users will be rewarded on a first come first served basis until all 20,000 USDT in Futures Bonus Vouchers is airdropped.
- Users can check their Futures Bonus Vouchers and other guides in the Rewards Center.
- Any user that uses the 20 USDT Futures Voucher to trade the LINK/USDT perpetual futures contract could win even more prizes in Promotion B below.
Promotion B
In the second part of the promotion, the eligible users that trade LINK/USDT perpetual futures contract will share $50,000 in BNB digital tokens.
The sharing of the prize will be based on the proportion of each user’s total effective LINK/USDT Futures trading volume in the course of the competition.
This includes buys and sells of the LINK/USDT perpetual contract. All users ranked in top 10 will share most of the prize pool as follows:
1st: 10,000 USD in BNB tokens
2nd: 5,000 USD in BNB tokens
3rd: 3,000 USD in BNB tokens
4th-10th: Equally split 7,000 USD in BNB tokens
According to Binance exchange, all users, except the top 10s, with 10,000 LINK trading volume on the LINK/USDT perpetual futures contract will evenly share $25,000 in BNB.