Binance’s “Play to Win” Contract Tournament. Win $1.8 million and 1,400 NFTs.
In order to provide a global stage for all cryptocurrency traders, Binance Futures will open a contract tournament with the theme of “Play to Win”, with a prize pool of up to 1,800,000 BUSD and 1,400 “Play to Win” limited-edition NFT blind boxes.
Contract tournaments include:
- Invitation Challenge: Invite users and trade to get NFTs that can boost PNL points for the competition
- Team Competition: Thousands of Regiments, the highest PNL
- Individual competition: individual trading competition, competing for the highest yield
- Breaking Records Competition: Break the team and individual historical transaction records and win tokens and coupons
Go to Binance Official Website
Activity time:
Registration time: 08:00 on May 23, 2022 to 07:59 on June 14, 2022 (East Eighth District time)
Event A – Invitational Challenge Time: 08:00 on May 23, 2022 to 07:59 on May 30, 2022 (East Eighth District Time)
Event B – Competitive competition time: 08:00 on May 30, 2022 to 07:59 on June 14, 2022 (East Eighth District time)
Join Binance’s Futures Grand Tournament
Registration requirements:
Participating users must complete standard identity authentication.
If you do not have a Binance account, click here to register.
Participating users must complete contract transactions of no less than 500 USDT equivalent since 08:00 on January 1, 2022 (East Eighth District time).
Dynamic Total Prize Pool (BUSD):
The amount of the prize pool for each individual competition will vary according to the total number of participants.
The more participants, the higher the prize pool.
The prize pool can be up to 1.8 million BUSD.
| No. of Participants | Team Competition Prize Pool in BUSD | Individual Bout Prize Pool in BUSD | Record-Breakers Prize Pool in BUSD* |
|---|---|---|---|
| 1,000 | $8,000 | $2,000 | $2,000 |
| 3,000 | $40,000 | $10,000 | $10,000 |
| 5,000 | $80,000 | $20,000 | $20,000 |
| 10,000 | $120,000 | $30,000 | $30,000 |
| 25,000 | $160,000 | $40,000 | $40,000 |
| 50,000 | $200,000 | $50,000 | $50,000 |
| 100,000 | $240,000 | $60,000 | $60,000 |
| 150,000 | $320,000 | $80,000 | $80,000 |
| 200,000 | $400,000 | $100,000 | $100,000 |
| 250,000 | $600,000 | $150,000 | $150,000 |
| 500,000 | $1,200,000 | $300,000 | $300,000 |
Token of The Day: You can earn additional benefits if users trade the daily featured coins.
Go to Binance Official Website
Event A: Invitational Challenge
Win 1,400 Binance Futures “Play to Win” Limited Edition NFT Blind Box!
During the period from 08:00 on May 23, 2022 to 07:59 on May 30, 2022 (East Eighth District time) , users who register for the contract tournament can obtain “Invitation Challenge Points” according to the following rules.
Users who accumulate 8 points every day will be eligible to participate in the daily challenge, from which Binance will decide 200 winners, and each will be rewarded with a Binance Futures “Play to Win” limited edition NFT blind box for a total of 7 days.
Binance Futures Championship “Play to Win” Limited Edition NFT Blind Box contains 16 types and 4 different rarity levels: Extreme Rare (SSR), Super Rare (SR), Rare (R), Normal (N):
- Extremely Rare (SSR): King E1, Queen D1
- Super Rare (SR): Rook A1, Rook H1
- Rare (R): Bishop C1, Bishop F1, Knight B1, Knight G1
- Normal (N): Pawn A2, Pawn B2, Pawn C2, Pawn D2, Pawn E2, Pawn F2, Pawn G2, Pawn H2
Invitational Challenge Points Rules:
| Challenge | Referral Challenge Points |
|---|---|
| Refer 1 non-Binance User to the Tournament | 3 points |
| Refer 1 existing Binance User to the Tournament | 2 points |
| For every 10,000 USDT traded on Token of The Day | 1.5 points |
| For every 10,000 USDT traded on other tokens | 1 point |
During the competitive competition, when calculating the revenue/yield of the tournament, the profit part of Token of The Day traders will be settled according to the rarity of the limited edition NFT blind box of Binance Futures “Play to Win”, according to the corresponding multiples in the following table:
Token of the Day multiple table:
| Binance Futures Grand Tournament Limited Edition Chess NFT Holder’s Identity | Token of the Day Coefficient |
|---|---|
| Binance Futures Grand Tournament Limited Edition Chess NFT (SSR) Owner | 3.0x |
| Binance Futures Grand Tournament Limited Edition Chess NFT (SR) Owner | 2.5x |
| Binance Futures Grand Tournament Limited Edition Chess NFT (R) Owner | 2.0x |
| Binance Futures Grand Tournament Limited Edition Chess NFT (N) Owner | 1.8x |
| Users who do not own any Binance Futures Grand Tournament Limited Edition Chess NFT | 1.5x |
There is no limit to the total points per person per day.
If your invitee is a new Binance user or has not passed standard ID verification, you will receive corresponding invitation challenge points after their account is verified; standard ID verification usually takes several days after submitting the relevant documents pass.
Go to Binance Official Website
Event B.1: Team Contest – Break the team record and share 1,200,000 BUSD!
During the competition, any team that participates in any U-based and coin-based contract trading on the Binance Futures platform will be ranked according to the team’s daily PNL total.
Team Daily PNL is the top ten PNL total for eligible team members each day.
- The trading volume of qualified team members on the day must not be less than the equivalent of 30,000 USDT;
- If less than 10 members of the team meet the above qualifications, the team’s daily PNL will be settled based on the actual qualified member PNL.
- The profit part of Token of The Day traders will be settled according to the rarity of the limited edition NFT blind box of Binance Futures
“Play to Win”, according to the corresponding multiples in the following table:
Token of the Day multiple table:
| Binance Futures Grand Tournament Limited Edition Chess NFT Holder’s Identity | Token of the Day Coefficient |
|---|---|
| Binance Futures Grand Tournament Limited Edition Chess NFT (SSR) Owner | 3.0x |
| Binance Futures Grand Tournament Limited Edition Chess NFT (SR) Owner | 2.5x |
| Binance Futures Grand Tournament Limited Edition Chess NFT (R) Owner | 2.0x |
| Binance Futures Grand Tournament Limited Edition Chess NFT (N) Owner | 1.8x |
| Users who do not own any Binance Futures Grand Tournament Limited Edition Chess NFT | 1.5x |
Team Tournament rewards will be distributed as follows:
Team reward distribution:
| Team’s Rank | Team Reward |
|---|---|
| 1st | 25% of Team Prize Pool |
| 2nd | 15% of Team Prize Pool |
| 3rd | 10% of Team Prize Pool |
| 4th-10th | An equal split of 50% of Team Prize Pool |
Reward distribution within the team:
| Role | Reward Distribution Within Each Team |
|---|---|
| Team Leader | 40% of Team Reward |
| Top 10 Profit Contributors | An equal split of 30% of Team Reward |
| All Team Members (Trading Vol >$10,000, Profit >0) |
An equal split of 30% of Team Reward |
In addition to the contract tournament bonus, the winning team leader has the opportunity to get publicity exposure from Binance;
There is no upper limit on the number of members in a single team.
After the team is successfully created, only teams with less than 10 people after 08:00 on May 30, 2022 (East Eighth District time) can make changes. After this time, the team leader can request for team disbandment through Binance customer service. When the team is disbanded, the leader and members can join other teams on their own.
Users invited through the team leader’s referral link will be recorded as your referral users; if existing Binance users do not join your team through the activity referral link, they will not be recorded as your referral users.
After the event is registered, the group leader will be automatically added to the team communication room. During the competition, the team leader can review the team’s performance through the team communication room and guide the team members to conduct Binance Futures transactions.
The market analysis provided by the team leader does not represent the official opinion of Binance, and Binance will not be responsible for any transaction losses caused thereby.
Team members can freely choose the team they want to join on the contract tournament event page.
After joining, the team cannot be changed unless the team has less than 10 members and the leader chooses to disband the team.
Team members can join their favorite team during any period of the game.
Users invited through the team member’s referral link will be recorded as your referral user; if an existing Binance user does not join your team through the activity referral link, it will not be recorded as your referral user.
After registering for the event, members will be automatically added to the team communication room.
Join Binance’s Futures Grand Tournament
Activity B.2: Solo Tournament – Win Daily Yield Challenge Bonuses!
During the competition, all individual competition participants who participate in any U-based and coin-based contract transactions on Binance Futures and reach an equivalent daily trading volume of 10,000 USDT will be ranked according to their daily returns.
From 08:00 on May 30, 2022 (East Eighth District time) , a round of personal daily rate of return ranking will be conducted every 24 hours ( a total of 15 rounds).
- The daily prize pool is one-fifteenth of the total prize pool of the individual competition. The total amount will vary according to the total number of participants. The more participants, the higher the prize pool. The maximum prize pool can reach 1.8 million BUSD;
- The profit part of Token of The Day traders will be settled according to the rarity of the limited edition NFT blind box of Binance Futures “Play to Win”, according to the corresponding multiples in the following table:
Token of the Day multiple table:
| Binance Futures Grand Tournament Limited Edition Chess NFT Holder’s Identity | Token of the Day Coefficient |
|---|---|
| Binance Futures Grand Tournament Limited Edition Chess NFT (SSR) Owner | 3.0x |
| Binance Futures Grand Tournament Limited Edition Chess NFT (SR) Owner | 2.5x |
| Binance Futures Grand Tournament Limited Edition Chess NFT (R) Owner | 2.0x |
| Binance Futures Grand Tournament Limited Edition Chess NFT (N) Owner | 1.8x |
| Users who do not own any Binance Futures Grand Tournament Limited Edition Chess NFT | 1.5x |
Individual Competitive Competition rewards will be distributed as follows:
Daily individual competition reward distribution:
| Individual Daily Rank Based on Daily ROI | Individual Daily Reward |
|---|---|
| 1st | 25% of Individual Daily Prize Pool |
| 2nd | 15% of Individual Daily Prize Pool |
| 3rd | 10% of Individual Daily Prize Pool |
| 4th-20th | An equal split of 50% of Individual Daily Prize Pool |
Activity B.3: Breaking Records Competition – Break the team and individual historical transaction records and win tokens and coupons!
In this event, users who break the record of team transaction volume and individual transaction volume will have the opportunity to receive exclusive rewards.
All teams that break the team transaction record of the 2021 Winter Contract Championship will share the record breaking prize pool and have the opportunity to win special edition NFTs.
- 2021 Winter Contract Championship Team Transactions Records Will Be Announced Here
- Only members who join the team before 07:59 on June 08, 2022 (East 8th District time) are eligible for the record breaking reward.
- If no team wins, Binance Futures will donate the record breaking prize pool to the Binance Foundation.
Reward distribution within the winning team of the record breaking competition:
| Role in Team | Reward Distribution Within Each Team |
|---|---|
| Team Leader | 40% of Team Reward & “The Unmatched” NFT |
| Top 10 Trading Volume Contributors | An equal split of 30% of Team Reward & a “The Masters” NFT each |
| All Team Members (Trading Vol >0) | An equal split of 30% of Team Reward |
If users who participate in the contract tournament break their daily trading record from January 01, 2022 at 07:59 (East 8th District time), they will have the opportunity to win a contract fee cashback coupon of up to 1,000 USDT.
When the old record is broken, the new record is reset.
In order to facilitate the successful distribution of cashback coupons, eligible users need to confirm the value of the coupons on the event page before 07:59 on June 15, 2022 (East Eighth District time).
Rewards not unlocked after this time will be withdrawn.
Binance Futures and Traderwagon will jointly launch a copy trading applet on the Binance APP.
Contestants have a chance to win up to $13,000 in prize money during the Contract Tournament, and participants can click this link for event details and to register.
Participating users must complete standard identity authentication.
If you do not have a Binance account, click here to register ;
Sub-accounts do not participate in team competitions as independent accounts; the income and transaction volume of sub-accounts are credited to the main account.
This contract championship covers all U-margined contracts and currency-margined contract trading pairs.
The valid trading volume includes the total amount of Binance Futures buying and selling, excluding the account pairing volume.
The same user can get one or more activity rewards.
There is one round every day from 08:00 to 08:00 the next day (East Eighth District time).
The leaderboard will be updated at 11:00 (East Eighth District time) every day.
To obtain the limited edition NFT Blind Box of Binance Futures “Play to Win”, the user must open the Blind Box through ” Binance NFT > User Center”.
NFT rewards will be distributed in the form of airdrops within 1 day after the end of the Daily Invitational Challenge. Winning users can go to “NFT Market > User Center > NFT Assets” to view; NFT rewards do not support withdrawal.
Team Championship/Individual Competitive/Breakthrough (Team) will be distributed within 14 days after the contract tournament ends. Winners can log in to their account and view through “Wallet > Transaction History > Distribution”.
The record breaking competition ( individual ) rewards will be issued in the form of coupons within 14 days after the event ends. Winners can view and receive the Binance Futures Cashback Coupon in “My > Card & Voucher Center “; the contract fee cashback coupon is valid for 14 days from the date of issuance, click to learn how to use the contract fee cashback coupon.
Team USDT equivalent revenue = the sum of the total revenue of the top 10 eligible team members every day. Eligible team members’ daily trading volume must be higher than the equivalent of 30,000 USDT.
Personal USDT equivalent income = ∑ (U-based asset i income + currency-based asset j income * asset j’s closing exchange rate against USDT on the day)
U Standard Asset i Income = Unrealized PNL of Asset i Account at the End of the Period – Unrealized PNL of Asset i Account at the Beginning of the Period + Realized PNL of Asset i during the Competition + Funding Rate of Asset i during the Competition – Handling Fee of Asset i during the Competition
Coin-based asset j income = unrealized PNL of asset j account at the end of the period – unrealized PNL of account of asset j at the beginning of the period + realized PNL of asset j during the competition + funding rate of asset j during the competition – handling fee of asset j during the competition.
BUSD assets are converted to USDT at 1:1.
The BNB handling fee is converted into USDT according to the closing price of the day.
The formula for the daily rate of return of individual participants:
Personal daily rate of return = personal USDT equivalent daily income / (100 USDT + USDT equivalent balance at the beginning of the U standard contract account + USDT equivalent balance at the beginning of the currency standard contract account + USDT equivalent assets recharged in the contract account)
The assets and deposits of BUSD at the beginning of the period are converted into USDT at 1:1.
Currency-based assets at the beginning of the period are converted to USDT at the opening price, and currency-based deposits are converted to USDT at the closing price.
Go to Binance Official Website
Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
Binance official website is here.
Please click "Introduction of Binance", if you want to know the details and the company information of Binance.
Comment by Hans
April 24, 2024
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