Published On : 2019-05-16 11:38:47
Binance is a centralized crypto exchange and the world’s largest crypto exchange based on traded volume. It was founded in 2017, by Changpeng Zhao (current CEO) and Yi He, and is located on the crypto-friendly island of Malta.
As you probably already know, Binance was hacked and 7000 BTC was stolen with 1 transaction. Binance announced a system upgrade, and Binance has completed the system upgrade and will resume all trading activity at 1:00 PM (UTC). To celebrate this, Binance announced a VIP User Promotion & 50,000 BNB Community GiveAway.
Official announcement by Binance:
1) Trade over 1 BTC to share a 50,000 BNB prize pool
Promotion Period: 2019/05/15 1:00 PM - 2019/05/18 0:00 AM (UTC)
All users with valid trading volume of 1 BTC or more (buy & sells) across any trading pairs on Binance during the promotion period will split a pool of 50,000 BNB.
2) Enjoy a VIP level up for 7 days
Promotion Period: 2019/05/15 1:00 PM - 2019/05/22 0:00 AM (UTC)
All existing VIP users will enjoy a one VIP level up on their current VIP level obtained by the standard qualified trading volume and BNB asset holding calculation. For example, a VIP 3 user will be promoted to VIP 4 during the promotion period. Please refer to our Binance VIP Level Standard to see if you qualify.
- Binance reserves the right to cancel or amend the Activity or Activity Rules at our sole discretion.
- Valid trading volume refers to total buys and sells, excluding wash trades.
- Binance reserves the right to disqualify trades which are deemed to be wash trades or display attributes of market manipulation.
- Rewards will be issued within 2 weeks after the competition ends. You will be able to login and see your prize via Distribution History > Account Center.
- Sub-accounts will not be able to participate in this activity.