Binance Futures Unveils Its Grand Trading Tournament with $2 Million USDT in Prize

Binance Futures Unveils Its Grand Trading Tournament with $2 Million USDT in Prize

| Updated
by Bhushan Akolkar · 3 min read
Binance Futures Unveils Its Grand Trading Tournament with $2 Million USDT in Prize
Photo: Binance Futures

Alongside the traditional trading competition, Binance futures participants can engage in a Copy Trading Competition and a Trading Bots Competition.

On Monday, November 27, Binance Futures, the leading crypto derivatives exchange globally, has unveiled the highly anticipated Binance Futures Grand Trading Tournament. Boasting the largest prize pool in the tournament’s history, participants have the chance to compete for up to $2 million in USDT.

In an exciting development, this edition of the tournament introduces new competitions aligned with Binance’s recent innovations. Alongside the traditional trading competition, participants can engage in a Copy Trading Competition and a Trading Bots Competition. This expansion further aligns with Binance’s commitment to offering diverse trading experiences for its users.

Furthermore, the tournament kicks off today and spans four weeks, concluding on 24 December 2023. To incentivize early participation, they have introduced a week-long Early Bird Challenge, allowing participants to complete tasks and qualify for exclusive Binance Futures Bonus Vouchers.

The Competition Phase, lasting three weeks, features multiple categories, each with its dedicated prize pool:

  • Team Competition: Up to $1,250,000 USDT
  • Copy Trading Competition: Up to $350,000 USDT
  • Trading Bots Competition: Up to $200,000 USDT
  • Newcomers Welcome Rewards: Up to $200,000 USDT

Notably, the Binance Futures Grand Tournaments emphasize teamwork, fostering a spirit of friendly competition and collaboration within the crypto community. The dynamic nature of the prize pool is tied to participant numbers, with the goal of reaching the maximum total prize pool of $2 million in USDT. Binance encourages active participation from the community to elevate the competition to new heights.

Binance Futures to Reward Different Teams

The Binance Futures will evaluate and distribute rewards based on team competitiveness, trading competition, trading bots competition, etc. Here’s the breakdown as mentioned below:

Team Competition Rewards: Teams will be evaluated based on their cumulative Team Daily PNL (Profit and Loss) during the Competition Period. The Team Daily PNL is determined by aggregating the daily PNL of the top 10 eligible users within a team who amass the highest PNL on Futures.

  • 1st Place: 20% of Team Prize Pool
  • 2nd Place: 15% of Team Prize Pool
  • 3rd Place: 10% of Team Prize Pool
  • 4th-10th Place: Equal split of 35% of Team Prize Pool
  • 11th-20th Place: Equal split of 20% of Team Prize Pool

Copy Trading Competition Rewards: The Copy Trading Competition introduces two segments: the Lead Traders Competition and Copy Traders Voting. Lead Traders’ portfolios are ranked by PNL on USDⓈ-Margined Futures, and the top 10 compete for weekly rewards. Copy Traders Voting involves users voting for their preferred Lead Traders.

  • Lead Traders Ranking:
    • 1st Place: 25% of the Weekly Prize Pool
    • 2nd Place: 15% of the Weekly Prize Pool
    • 3rd Place: 10% of the Weekly Prize Pool
    • 4th Place: 6% of the Weekly Prize Pool
    • 5th Place: 4% of the Weekly Prize Pool
    • 6th-10th Place: Equal split of 10% of the Weekly Prize Pool
  • Copy Traders Voting (30% of Prize Pool):
    • Users with a daily trading volume of 1,000 USDT in Futures or Copy Trading are eligible to vote.
    • Voters share the prize pool proportionally based on the number of votes cast.

Trading Bots Competition Rewards: Participants creating Futures Grids Trading Bots will also have their bots showcased and ranked based on the ROI of the created Trading Bots.

  • 1st Place: 25% of Prize Pool
  • 2nd Place: 15% of Prize Pool
  • 3rd Place: 10% of Prize Pool
  • 4th-20th Place: Equal split of 50% of Prize Pool

Welcome Reward: New users on Binance Futures also stand a chance to share the Welcome Prize Pool of up to $200,000 in USDT by simply trading a minimum of 100 USDT in futures volume during the Competition Phase. Additionally, one newcomer will receive a special reward of 1 BNB.

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