Through its cryptocurrency derivatives division, Binance Futures, Binance has announced a competition where users can enter to win a Tesla Model Y. The competition, which runs from February 18 to March 17, 2024, will take place over four weekly challenges, according to the cryptocurrency exchange.
Binance Futures Reveals Daily Crypto Reward Schedule and Tesla Model Y Challenge
A daily price prediction competition by Binance Futures will begin on February 18 and give participants the chance to win either 0.05 BTC token coupons or the grand weekly prize of a Tesla Model Y.
Users with futures accounts are required to anticipate the indicated price of the BTCUSDT perpetual contract in order to complete the daily challenges. By 14:00 UTC the next day, if their forecast is correct or the closest to the real price, they will receive the 0.05 BTC coupon, which is currently worth more than $2,500. Loaded Tether (USDT) vouchers are also included in the daily prizes.
Participants will earn a golden ticket for the weekly Tesla Model Y giveaway if they achieve particular criteria by completing specific tasks. Their chances of winning the Tesla Model Y each week rise as they accumulate more golden tickets.
The Golden Ticket Count scoreboard for The Ultimate Challenge by Binance Futures will be updated hourly to show players’ rankings in an open and transparent manner. In terms of trade volume, Binance is the largest cryptocurrency exchange in the world. Its derivatives division, Binance Futures, used to lead the BTC futures open interest market but is currently ranked second.
With $6.75 billion in open interest in Bitcoin futures as of February 17, 2024, the CME Group leads, over Binance’s $5.93 billion. In terms of ethereum (ETH) and other alternative crypto assets, Binance’s derivatives business takes the lead. The open interest (OI) for ETH on the Binance Futures platform is now at about $3.28 billion as of February 17.
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