- Binance Futures is offering users an avenue to earn a Tesla Model Y in an Ultimate Challenge.
- The challenge creates room for traders to get incentivized for their use of the platform.
Binance Futures, a leading crypto derivatives platform has unveiled its Futures Ultimate Challenge, offering participants the opportunity to compete for the chance to win a Tesla Model Y and Bitcoin (BTC) as rewards.
The Binance Futures Ultimate Challenge
According to the announcement, the Binance Futures Ultimate Challenge is set to span four weeks commencing on February 18, at 14:00 UTC, and concluding on March 17, 2024, at 13:59 UTC. Throughout this period, users can engage in various challenges and activities to earn Golden Tickets, enhancing their chances of winning weekly prizes and the grand Tesla giveaway.
One of the main attractions of the challenge involves predicting the daily price of Bitcoin against the USDT perpetual contract. Participants can make their predictions daily, from 14:00 UTC to the following day at 13:00 UTC. The individual who accurately forecasts or comes closest to the Bitcoin price will receive a 0.05 BTC voucher. This daily prediction activity adds an element of excitement and engagement to the competition.
Moreover, users have the opportunity to earn Golden Tickets by completing specific tasks. These tasks include initiating futures trading for the first time, achieving a minimum daily futures trading volume of 10,000 USDT, and referring friends to complete their first futures trade. Each task completed earns participants a Golden Ticket, with new users receiving one for their initial futures trade and additional tickets for meeting trading volume and referral criteria.
The accumulation of Golden Tickets plays an important role in determining a participant’s likelihood of winning prizes, particularly the Tesla Model Y. In the event of multiple users possessing matching ticket numbers, the winner will be the one with the highest count of Golden Tickets. If Golden Ticket counts are identical, priority will be given to the participant who joined the Weekly Tesla Challenge first.
It’s important to note that the Tesla Model Y reward will be provided in the form of a 50,000 USDT token voucher to facilitate the vehicle purchase. Winners are required to place their orders directly through the official Tesla website and submit a screenshot of the order to the Binance team for verification.
Upon confirmation, the winning users will receive the token vouchers within 30 days post-submission. However, recipients must claim their rewards within 30 days as vouchers will expire if not utilized within the specified period.
Additional Rewards
In addition to the grand prize, weekly rewards include 1000 trading fee rebate vouchers, each valued at 5 USDT. These vouchers are randomly distributed among the remaining Golden Ticket holders, further enriching the engagement and rewarding active participation.
In conclusion, Binance’s initiative to host the Futures Ultimate Challenge presents an exciting opportunity for crypto traders. In October, Binance introduced a copy trading feature for its futures products in specified markets. With two distinctive modes, “fixed amount” and “fixed ratio”, users can align their investment strategies based on their risk preferences, catering to both newbies and experts alike.
