In a groundbreaking move, Binance Futures, the world’s leading cryptocurrency derivatives exchange, has announced the much-anticipated return of the Binance Futures Grand Trading Tournament, boasting an unprecedented prize pool of up to $2 million USDT. This marks the highest reward amount in the history of the tournament.
The tournament is set to take place over four weeks, commencing on November 27, 2023, and concluding on December 24, 2023. After the recent introduction of Binance Copy Trading, this year’s edition introduces the Copy Trading Competition as well as the Trading Bots Competition – alongside the traditional Team Competition. This diversity aims to cater to a broader audience and showcase the multifaceted nature of crypto trading.
Promising Thrills with Historic Prize Pool
To kick off the event, Binance Futures has organized a week-long Early Bird Challenge, providing participants with an opportunity to qualify for Binance Futures Bonus Vouchers by completing specific tasks. This early phase aims to engage the community and set the stage for the competitive weeks to follow. The Competition Phase, spanning three weeks, features various competitions:
– Team Competition: With a staggering prize pool of up to $1,250,000 USDT, teams will be ranked based on their cumulative Team Daily PNL (Profit and Loss) during the competition period.
– Copy Trading Competition: This competition includes both Lead Traders and Copy Traders. The top 10 Lead Traders will compete for a share of the weekly prize pool, while Copy Traders have the chance to vote for their favorite Lead Traders, with the remaining 30% of the prize pool allocated to this segment.
– Trading Bots Competition: Users creating Futures Grids Trading Bots will be ranked based on the ROI of their bots, competing for a prize pool of up to $200,000 USDT.
– Newcomers Welcome Rewards: New users on Binance Futures stand a chance to equally share a Welcome Prize Pool of up to $200,000 USDT by simply trading a minimum of 100 USDT in futures volume during the Competition Phase. Additionally, one lucky newcomer will receive a reward of 1 BNB.
The distribution of prizes for each competition is detailed based on rankings. In the Team Competition, rewards are distributed to the top 20 teams, with the top-ranked team receiving 20% of the prize pool. For the Copy Trading and Trading Bots Competitions, rewards are divided among the top-ranked participants based on their performance, fostering a competitive yet collaborative spirit within the Binance community.
Celebrating Innovation and Boundless Possibilities
The Binance Futures Grand Tournaments are crafted as team-based events, fostering a spirit of amicable competition and collaboration within the community. The size of the dynamic prize pool hinges on the number of participants, making it imperative for increased community involvement. Binance urges more individuals to join, contributing to its goal of reaching the maximum total prize pool of $2 million in USDT. Interested individuals can register for the tournament by visiting the official website.
Binance Futures enables experienced users to trade cryptocurrency futures contracts with leverage of up to 125x. With its cutting-edge NASDAQ-level matching engine, Binance Futures ensures efficient order processing with minimal latency, averaging 5 milliseconds at 100,000 orders per second. As a global blockchain ecosystem and cryptocurrency infrastructure provider, Binance remains at the forefront of the industry.
With a wide array of financial products, including the largest digital asset exchange by volume, Binance is committed to advancing the freedom of money for users worldwide. Their comprehensive portfolio spans trading and finance, education, data and research, social goods, investment and incubation, decentralization, and infrastructure solutions.
Overall, the Binance Futures Grand Trading Tournament’s return is not just a competition for the community; it’s a celebration of innovation, collaboration, and the boundless possibilities within the cryptocurrency space. As participants vie for their slice of the historic prize pool, the impact of this event is destined to resonate far beyond the closing date, leaving an indelible mark on the future of crypto trading.
Disclaimer: Trading may involve risk and participants should carefully consider their trading approach based on their risk tolerance and expertise. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits.
