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Introducing BNB Chain’s Trading Volume Incentive Program!

2024.5.21  •  6 min read
Blog post image.

Updated 14 June 2024

We're thrilled to announce our latest initiative designed to reward trading enthusiasts and ecosystem partners alike. BNB Chain’s Trading Volume Incentive Program offers a whopping prize pool of up to $250,000 in two parts (details below), presenting an incredible opportunity for participants to seize substantial rewards.

Key Dates

Challenge

Dates

Part I: Trading Volume Challenge

Registration Period: May 21th, 2024, to May 26th, 2024, 23:59 UTC

Competition Period: May 27th, 2024, 00:00 to June 25th, 2024, 23:59 UTC


Updated to:

May 27th, 2024, 00:00 to July 9th, 2024, 23:59 UTC

Part II: Trading Rankings Competition

Activity Period: May 27th, 2024, 00:00 to June 25th, 2024, 23:59 UTC


Updated to:

May 27th, 2024, 00:00 to July 9th, 2024, 23:59 UTC

Part I: Seize Up to $80,000 Per Qualifying Project!

Our Trading Volume Challenge is tailor-made for opBNB and BSC trading platforms looking to boost their trading volumes and earn lucrative rewards. Apply here.Projects are encouraged to submit as many relevant contracts where possible. 

Dynamic Prize Pool:

Participants stand to win from a prize pool of up to $200,000, determined by the total increment trading volume during the event.

Level

Total increment trading volume of all participants

Unlock prize pool

Tier 1

1B~2B

$50,000

Tier 2

2B~4B

$150,000

Tier 3

4B~

$200,000

Please note that the baseline is determined by the aggregate trading volume of all participants within the 30 days preceding the announcement.

Reward Structure:

Participants will be ranked based on trading volume, with the top performers unlocking impressive rewards.

The leaderboard is currently under development and will be ready by early June. Stay tuned for the announcement on BNB Chain’s X account.

Ranking

Reward per participants

Top 1

40% of the dynamic rewards pool unlocked

Top 2

25% of the dynamic rewards pool unlocked

Top 3

15% of the dynamic rewards pool unlocked

Top 4

7% of the dynamic rewards pool unlocked

Top 5

4% of the dynamic rewards pool unlocked

Top 6-10

Split 9% of unlocked rewards equally

Participants can multiply their chances of winning by increasing their trading volumes. Throughout the event, participants have the opportunity to enhance their trading potential by unlocking doubling multipliers based on their trading volume increments. 

The baseline for this calculation is the total trading volume recorded in the 30 days leading up to the announcement. As participants increase their trading volume, they unlock multipliers as follows: 

  • a 50%+ increase triggers a 2x multiplier, 
  • a 100%+ increase unlocks a 3x multiplier, and 
  • a 200%+ increase unlocks a 5x multiplier. 

For example,

Let's say the total trading volume recorded in the 30 days leading up to the announcement is $100,000. Now, let's consider a scenario where the trading volume increased by 50%:

New trading volume = $100,000 + 50% of $100,000 = $100,000 + $50,000 = $150,000

Multiplier: 2x

Thus, for each scenario, the participant's final trading volume is multiplied by the applicable multiplier, incentivizing them to increase their trading volume for greater rewards.

For new projects, the baseline is calculated using the lowest trading volume recorded during the activity period, multiplied by 30 days.

Ultimately, the participant's final trading volume is determined by multiplying their actual trading volume during the event by the applicable multiplier. This system encourages active participation and offers the potential for significant rewards based on trading performance.

Part II: Compete for Trading Rankings and Win Big!

Calling all community users! Engage in our trading rankings competition and stand a chance to win rewards of up to $50,000. Whether you're a seasoned trader or new to the game, there's an opportunity for everyone to win.

How to participate?

  • Please submit your wallet address to participate in the trading competition.
  • All your trading volume during the event period will be recorded, so increase your trading volume as much as possible to get more rewards!
  • All Web 3 users welcome.
  • Wallet addresses that participate in the interaction of Dapps in Part I will automatically enter the competition without registration.

Reward Structure:

Top performers can win cash prizes ranging from $2,000 to $5,000, with additional rewards for lucky draw winners.

The leaderboard is currently under development and will be ready by early June. Stay tuned for the announcement on BNB Chain’s X account.

Ranking

Rewards

Top 1

$5,000

Top 2

$3,000

Top 3

$2,000

Top 4 – 50

Prizes will be distributed based on the proportion of their trading volume, dividing the $20,000 prize pool.

Lucky Draw: Win up to $5,000!

Participate in our exclusive Lucky Draw for a chance to win fantastic rewards. Only the top 1,000 wallet addresses qualify, so get ready to test your luck!

With a prize pool of $20,000, there are 60 winning spots up for grabs. Check out the prizes below:

Rank

Number of wallets

Prize

First prize

1

$5,000

Second prize

3

$2,000 each

Third prize

6

$500 each

Fourth Prize

50

$120 each


Remember, each address can only win one prize. 

In case of multiple wins, the highest reward will be granted. To participate, ensure your address has conducted transactions totaling at least $10,000. Don't miss out on this exciting opportunity to win big!

To ensure transparency and fairness, the lucky draw will be conducted via a live AMA session on our X account after the event. We'll announce the specific details on X

Don't Miss Out on Your Chance to Win!

Mark your calendars and gear up for an exhilarating trading experience. With substantial rewards up for grabs, there's never been a better time to get involved. Stay tuned for more details on how to participate and maximize your chances of winning big!

Terms and Conditions

  • This Trading Volume incentive program will focus on opBNB and BSC.
  • If you have any questions about this, please contact us in our discords’s #Incentive group, and we will reply to your message within 12 hours.
  • We will announce the new Trading Volume incentive program after the end of this period. The community can follow our official X account for the latest information.
  • BNB Chain reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or performing wash trade, or not in accordance with any applicable terms and conditions.
  • We will announce the leaderboard on X in early June for part I and II of the campaign, and participants can check their ranking on X.
  • Instructions on user-side trading(Compete for Trading Rankings and Win Big!).
    • Trading on BSC
      • Trading of tokens on major decentralized exchanges (DEXs) will be recorded according to the provided DEX list.
      • Only trades of tokens verified on BSC will be counted, with the specific details based on this list.
    • Trading on opBNB
      • Verified tokens trading will be recorded. The list of verified tokens can be found at the provided link.
      • Trading of tokens on major DEXs will be recorded according to the provided DEX list.
  • Reward distribution:
    • About Part I
      • The BNB rewards (50%) will be sent to the participant's BEP20 wallet address within 3 weeks after each epoch concludes.
      • Winners must maintain their Trading Volume until the next calendar month, seeing reductions of less than 15%. The remaining 50% of the reward will be distributed to the project's wallet address by the next calendar month.
      • The BNB Chain core team will use the real-time BNB token exchange rate on the distribution day.
    • About Part II: Rewards will be sent to the winning wallet address within 3 weeks after the event ends.
  • The BNB Chain core team reserves the right to disqualify the projects that are deemed to be wash trading or using illegal bulk wallet addresses, self-dealing, or displaying attributes of market manipulation, etc.
  • The BNB Chain core team reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reason without prior notice.
  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Disclaimer: Participation in the BNB Chain Trading Volume Incentive Program is completely optional. Applicant projects that are found eligible are required to agree to additional terms and conditions to benefit from the program. We do not and cannot control activity and data on the BNB Chain or the activities that community participants may develop using BNB Chain, which is a public, decentralized, and permissionless blockchain. Participation in the BNB Chain DAU Incentive Program by any third-party project should not be construed as a recommendation, vetting, or endorsement of such third-party projects by us, or any other affiliated entity.

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