This is a general announcement. Products and services referred to here may not be available in your region.
Binance is excited to launch the first-ever Range Bound Grand Tournament! All users who confirm their registration here and subscribe to Range Bound products during the promotion period can qualify to share up to 100,000 USDT in token vouchers, as well as VIP Upgrade Vouchers.
Promotion Period: 2023-04-20 05:00 (UTC) to 2023-05-19 23:59 (UTC)
To qualify for rewards, users must click [Join Promotion] on the activity page and subscribe to at least one Range Bound product during the promotion period. Eligible participants will then be ranked by their total Range Bound subscription volume during the Promotion Period, and the top 1,000 eligible users will qualify for a share of rewards, as per the reward structure below.
Please note that users must reach a total Range Bound Subscription Volume of at least 200,000 USDT equivalent during the Promotion Period to receive VIP Upgrade Vouchers, where applicable.
Rewards Structure:
User Rankings Based on Range Bound Subscription Volume | Reward per Eligible User |
|---|---|
1st Place | 17.5% of dynamic rewards pool* unlocked and one VIP+1 Upgrade Voucher |
2nd - 3rd Places | 10% of dynamic rewards pool unlocked and one VIP+1 Upgrade Voucher |
4th - 5th Places | 6.25% of dynamic rewards pool unlocked and one VIP+1 Upgrade Voucher |
6th - 10th Places | 4% of dynamic rewards pool unlocked |
11th - 20th Places | 1% of dynamic rewards pool unlocked |
21st - 1,000th Places | Equally split 20% of dynamic rewards pool unlocked |
Dynamic Rewards Pool*:
The dynamic rewards pool goes up to 100,000 USDT in token vouchers, depending on the aggregate Range Bound subscription amount of all eligible participants during the Promotion Period.
Aggregate Range Bound Subscription Volume of All Eligible Participants (USDT Equivalent) | Dynamic Rewards Pool Unlocked (in USDT Token Vouchers) |
|---|---|
< 1,000,000 | 1,500 |
≥ 1,000,000 | 2,500 |
≥ 5,000,000 | 5,000 |
≥ 10,000,000 | 10,000 |
≥ 50,000,000 | 50,000 |
≥ 100,000,000 | 100,000 |
How to Participate:
Step 1: Click on the [Join Promotion] button on the activity page.
Step 2: Complete Range Bound subscriptions to start earning rewards.
How Does Range Bound Work?
Range Bound is a product that allows users to earn rewards when the Reference Price of their chosen digital asset stays within the selected Price Range during the entire Subscription Period.
Users are able to select the Price Range and Settlement Date that most suit their needs from the wide variety of options available. They may also decide the portion of their Subscription Amount to be forfeited (i.e., the Subscription Amount at Risk) if the Reference Price ever touches or exceeds the Upper/Lower Range of the selected Price Range during Subscription Period. The higher the Subscription Amount at Risk, the higher the Potential APR goes.
For More Information:
Terms and Conditions:
Users should click the [Join Promotion] button to successfully participate in the promotion and be eligible for any rewards.
Please refer to the Range Bound Terms & Conditions prior to using any products on the Binance Range Bound platform. All users must complete KYC to be eligible for any rewards.
All subscription amounts will be calculated using the closing price at 23:59 (UTC) of the cryptocurrency to USDT exchange rate on the day of the subscription.
Rewards Distribution:
All voucher rewards will be distributed by 2023-06-02. Users will be able to log in and redeem their voucher rewards via Account > Reward Center.
VIP Upgrade Vouchers cannot be combined with other VIP benefits that have already taken effect.
Users must reach a total Range Bound Subscription Volume of at least 200,000 USDT equivalent during the Promotion Period to receive VIP Upgrade Vouchers, where applicable.
VIP Upgrade Vouchers are only applicable to regular users and VIP 1 users. The highest VIP level that can be obtained by redeeming a VIP Upgrade Voucher will be VIP 2. Users who successfully redeem and activate the VIP Upgrade Voucher can enjoy the corresponding VIP benefits for 30 days.
The voucher redemption period for all voucher rewards is set at 14 days from the day of distribution. Learn how to redeem a voucher.
Binance reserves the right to disqualify any participants that, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.
Additional promotion terms and conditions can be accessed here.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. You may not get back the full amount invested as a portion of your subscription amount is at risk. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Long-term holding of the Range Bound product means you may increase the likelihood of you losing a portion of your subscription amount. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. Before entering into a Range Bound transaction, you should make an independent assessment of the suitability and appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.