Mithat Can Kartlaşmış 
The “Binance Futures Champions 2024” event on Binance Futures offers investors a great opportunity to win big prizes.
You might like: SEC and Ripple Financial Dispute!
Binance is back with another event, and this one is a great opportunity for those who want to participate and win big prizes. Binance is offering a COIN-M and USDⓈ-M contracts event on futures. Now, let’s show you how to participate in this event.
How to Participate in the Event?
Participating in the event is quite simple. First, go to the event page and click the “Join Now” button to participate in the event. The event will be valid from January 29, 2024 to February 14, 2024, so don’t miss out on these dates!
Prize Options:
- Champions:
- The user with the highest PNL will win up to 0.75 BTC.
- Users in the top 20 in the PNL rankings will win prizes based on their ranking.
- ROI Champion:
- The user with the highest ROI will win up to 0.25 USDT.
- Guaranteed Prize:
- Users who trade 50,000 USDT or more will share a prize pool of up to 15,000 USDT.
- First Trade Rewards:
- Users who make their first Futures trade will win 10 USDT between January 23, 2024 and February 14, 2024.
- Invitation Rewards:
- The inviter will win 10 USDT for each friend who completes the invitation task between January 23, 2024 and February 14, 2024.
Dynamic Prize Pool and Working Mechanism: (Binance Futures)
The Binance Futures Event comes with a Dynamic Prize Pool to offer participants even bigger prizes and an exciting experience. Here are the working principles of this dynamic pool:
Dynamic Prize Pool Levels and Limits:
- Dynamic Volume (USDT) Levels:
- 3,000,000,000 USDT
- 5,000,000,000 USDT
- 7,000,000,000 USDT
- 9,000,000,000 USDT
- Dynamic Prize Pool:
- 80,000 USDT
- 100,000 USDT
- 125,000 USDT
- 150,000 USDT
Dynamic Prize Pool Limits:
The Dynamic Prize Pool will be triggered when the total volume of all users’ COIN-M and USDⓈ-M contracts on Binance Futures reaches 3,000,000,000 USDT.
Working Mechanism
- Event Start:
- The Dynamic Prize Pool will evaluate the total volume of all users’ COIN-M and USDⓈ-M contracts at the start of the event.
- Target to be Reached:
- The campaign will wait for 80% of the minimum volume requirement (2,400,000,000 USDT) to be reached. However, if the 3,000,000,000 USDT level is not reached during this process, the campaign will be extended until the 3,000,000,000 USDT volume is reached.
- Required Threshold for Minimum Volume:
- If users cannot reach 80% of the minimum volume requirement within the two-week period, the campaign will end and the prizes will be distributed based on the current total volume.
- Example Reward Calculation:
- Example Situation:
- If the total trading volume of all users is 1,500,000,000 USDT,
- The distributed prize pool: 80,000 USDT / 2 = 40,000 USDT will be.
- Example Situation:
This dynamic mechanism is designed to encourage user participation in the event while ensuring fair prize distribution even if the targeted volume is not reached.
Sign up for the Binance exchange through the discounted registration link of Coin Engineer, and don’t miss the opportunity to make discounted transactions for a lifetime. You can also make leveraged transactions at a discounted rate with the discounted registration link of Binance Futures.
Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.