Binance Introduces "Discover" Feature on Copy Trading
Rebeca Moen Apr 08, 2024 14:08
Binance, one of the leading cryptocurrency exchanges, has announced the introduction of the "Discover" feature on its Copy Trading platform. To celebrate the launch, Binance has also launched a Swipe and Trade Competition, offering participants a chance to share a prize pool of 30,000 USDT in token vouchers.
Binance, the popular cryptocurrency exchange, has unveiled the "Discover" feature on its Copy Trading platform. With this new feature, users can browse and copy the trading strategies of top-performing traders. To commemorate the launch, Binance has initiated the Swipe and Trade Competition, where participants have an opportunity to win a share of 30,000 USDT in token vouchers.
The promotion period for the competition is set to run from April 9, 2024, 00:00 (UTC) to April 22, 2024, 23:59 (UTC). The competition consists of two components: Promotion A and Promotion B.
In Promotion A, eligible users who register for the promotion and create at least one mock copy portfolio using the "Discover" feature will be ranked based on the total Profit and Loss (PnL) of their top 10 positive-PnL mock copy trading portfolios. Qualified participants will have a chance to share 15,000 USDT in token vouchers, with rewards distributed based on the rankings.
In Promotion B, eligible users who register for the promotion and create at least one copy portfolio using the "Discover" feature will be ranked based on the total PnL of their top 10 positive-PnL copy trading portfolios. Participants in this category will also have an opportunity to share 15,000 USDT in token vouchers, with rewards distributed according to the rankings.
The rewards structure for both promotions is as follows:
Promotion A (Mock Copy Trading):
1st Place: 2,500 USDT
2nd Place: 1,500 USDT
3rd Place: 500 USDT
4th - 5th Places: Equally split 500 USDT
6th - 10th Places: Equally split 500 USDT
11th - 100th Places: Equally split 4,500 USDT
Remaining Eligible Participants Amongst the Top 5,000: Equally split 5,000 USDT
Promotion B (Copy Trading):
Rewards follow the same structure as Promotion A.
To get started with the "Discover" feature on Copy Trading, users need to log into the Binance App and navigate to [Futures] - [Copy Trading] - [Discover] tab. From there, they can swipe right to "Favorite" a portfolio or swipe left to pass. Detailed portfolio metrics, such as 7-day PnL/ROI, Lead Trader badges, and performance charts, can be explored before deciding to either mock or copy the chosen portfolio.
Participants should take note of the terms and conditions of the competition. Users from eligible regions must click "Register Now" on the promotion page during the designated period to qualify for rewards. Rewards will be distributed as USDT token vouchers within 14 working days after the promotion ends. Vouchers must be claimed within 30 days of distribution.
Binance reserves the right to disqualify participants engaging in fraudulent behavior or to make changes to the terms and conditions, eligibility criteria, and reward distribution if necessary. Users are responsible for adhering to legal and regulatory requirements specific to their jurisdiction.
With the introduction of the "Discover" feature and the Swipe and Trade Competition, Binance aims to enhance the user experience on its Copy Trading platform and provide an opportunity for traders to learn from and follow successful strategies.
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