Overview
Binance DEX is hosting a simulated trading competition on its testnet, offering participants the chance to win 10,000 BNB in prizes. This event aims to help the Binance Chain community explore the functionalities of Binance DEX (testnet.binance.org) in a risk-free environment.
Key Details
- Event Period: March 7, 2019 – March 21, 2019 (UTC+8)
- Eligibility: Binance account holders with a minimum balance of 1 BNB.
- Test Funds: Each participating Binance DEX wallet address receives 200 BNB in test funds.
Competition Categories
1. Token Ranking Challenge
Participants can issue and list tokens on Binance Chain, competing for rewards based on trading volatility rankings.
Rewards:
- 1st Place: 3,000 BNB
- 2nd Place: 2,000 BNB
- 3rd Place: 1,000 BNB
Rules:
- Tokens must be paired with BNB.
- Minimum 20,000 unique trading addresses required for eligibility.
- Trading volatility is calculated as the sum of 5-minute price fluctuations during the token’s listing period.
👉 Learn how to issue and list tokens
2. Profit Leaderboard
Participants compete for rewards based on absolute profits in BNB, BTC.B, ETH.B, USDT.B, and XRP.B.
Rewards:
- 1st Place: 1,000 BNB
- 2nd Place: 700 BNB
- 3rd Place: 300 BNB
- 4th–10th Place: Share 1,000 BNB
- 11th–20th Place: Share 1,000 BNB
Rules:
- Profits are calculated in BNB equivalent.
- Addresses must not receive transfers exceeding 8,000 BNB in value.
Important Notes
- Reward Distribution: Prizes are distributed within 2 weeks after the event.
- Testnet Reset: Binance Chain testnet was reset before the competition, clearing all prior assets.
- Virtual Assets: Tokens used in the testnet are for simulation only and hold no real-world value.
FAQ
Q1: How do I participate in the competition?
A: Link your Binance account to Binance DEX, deposit test funds, and start trading.
Q2: Can I use multiple wallets?
A: Yes, each Binance account can bind up to 20 wallet addresses.
Q3: Are there geographical restrictions?
A: No, but participants must hold a Binance account with ≥1 BNB balance.
Q4: How are rewards calculated?
A: Rankings are based on trading volatility (Token Challenge) or absolute profits (Profit Leaderboard).
Q5: When will rewards be distributed?
A: Within 2 weeks post-event via Binance’s user center.
Q6: Can I trade non-listed tokens?
A: Only BNB, BTC.B, ETH.B, USDT.B, and XRP.B are eligible for profit calculations.
Conclusion
This competition offers traders a hands-on experience with Binance DEX while competing for lucrative rewards. Whether you're issuing tokens or maximizing profits, strategic trading can lead to significant winnings.
Disclaimer: Cryptocurrency trading involves high risk. Binance selects quality projects but holds no liability for investment outcomes.