Cryptocurrency trade Binance introduced on March 25 that it will likely be internet hosting a buying and selling match the place members may compete in groups and win a prize pool of as much as $1 million in BNB tokens.
According to the announcement, the match will happen between April 10 and April 25, and can happen in two methods: each day ROI and general USDT group revenue tournaments.
Binance explains that every one groups that commerce in perpetual contracts on Binance Futures through the competitors interval will likely be ranked primarily based on the full USDT revenue of the group, which corresponds to the sum of the highest 10 particular person outcomes inside the group.
Team buying and selling’s circumstances
The trade provides extra particulars on how the full $ 1M prize pool in BNB tokens will likely be break up: First place will obtain 30% of the full reward. Second and third place will every get 20% of the full reward. Fourth to tenth place will break up the remaining 40%.
Among different circumstances, Binance says that the distribution of the rewards inside every group will likely be made on the premise that every group chief will obtain 30% of their group’s complete reward.
The high 10 particular person USDT revenue contributors will obtain the 20% divided equally, whereas the opposite group members will obtain the remaining 50% equally.
Popularity bonus to be awarded
Binance clarifies that group members should register for the competitions between March 26 to April 10, additional explaining that there will likely be no modifications after the registration interval has elapsed.
Besides, a “bonus popularity” award of USD 5,000 in BNB tokens will likely be awarded to that chief with the biggest group.