Yeliz Akmaca 
Following the recent sharp downturns in the cryptocurrency market, Binance has launched a $400 million support program to assist its investors. Named the “Together Initiative”, this program is designed to cover both individual and institutional users.
Support Package: $300 Million for Individuals, $100 Million for Institutional Users
Binance has allocated $300 million of the total support package to individual users and $100 million to institutional users. Each eligible participant will receive coupons ranging from $4,000 to $6,000, depending on the losses they have incurred. This support aims to help offset losses, particularly those arising from margin and futures trading in recent weeks.
Binance has also created a $100 million low-interest credit fund for institutional users, designed to help ecosystem participants recover, relieve liquidity pressures, and maintain stable operations. Eligible VIP and institutional users can submit applications via their dedicated account managers. Binance ensures confidentiality and a prompt response for all applications.
Eligibility Criteria for Individual Support
To benefit from the support, users must meet the following conditions:
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Experience forced liquidations from margin or futures trading between October 10, 03:00 UTC – October 12, 02:59 UTC.
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Total losses from liquidation must be at least $50.
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Losses must account for at least 30% of net assets as of October 10, 02:59 UTC.
Eligible users will receive their coupons in the Rewards Hub within 24 hours, with all distributions completed within 96 hours.
Binance Statement: Restoring Confidence
Binance clarified that while it holds no legal responsibility for user losses, the initiative reflects the company’s commitment to restoring confidence in the crypto sector. The program is expected to contribute to the healthy growth of the cryptocurrency ecosystem.
For individual users, USDC coupon amounts will be calculated based on the user’s liquidation losses, loss ratio, and other factors. Users are advised to monitor the app and email notifications, as distribution may be delayed due to high workload.
Key Details
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Total Support Package: $400 million
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Individual Users: $300 million
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Institutional Users: $100 million
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Coupon Amounts: $4,000 – $6,000
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Distribution Timeline: 24 hours for initial allocation, 96 hours for completion
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