Technology

Trade and Save: Binance’s Ramadan Trading Fee Rebate Event with 50,000 FDUSD Pool

Binance Celebrates Ramadan with Special Event

In celebration of the holy month of Ramadan, Binance, a global cryptocurrency exchange, has announced a special event for its users. The event, named “Unlock the Moon,” offers participants the chance to share a pool of 50,000 FDUSD in trading fee rebate vouchers. This event aligns with the spirit of giving during Ramadan and will run from March 14, 2024, to March 28, 2024.

Unlock the Moon: Collect, Trade, and Earn

Participants in the event are encouraged to engage in various trading activities to collect Fanoos Lantern icon cards. These cards can be obtained by making a deposit of at least 50 FDUSD equivalent through Fiat Deposit, purchasing crypto with a Credit/Debit Card, or using Binance P2P. Additionally, completing a trade of at least 100 FDUSD equivalent in qualified spot trading pairs will grant users additional cards. The qualified trading pairs include BTC/FDUSD, BTC/USDT, BNB/FDUSD, BNB/USDT, ETH/FDUSD, and ETH/USDT.

To enhance community spirit, Binance incentivizes users to exchange their collected icon cards with friends or on social media, increasing their chances to generate the “Moon” and claim their share of the rewards.

Reward Distribution and Terms

The reward for each qualified user will be calculated based on the proportion of icon cards they collect relative to the total number collected by all participants. Individual rewards are capped at 10 FDUSD in trading fee rebate vouchers to ensure fair distribution among all successful participants. Only verified users who unlock the “Moon” and complete a task during the event period will qualify for rewards, and the availability of the activity may vary by region.

Market and Community Impact

This special event is expected to increase user engagement on the Binance platform as traders participate to earn rewards while celebrating Ramadan. It also demonstrates Binance’s commitment to cultural diversity and inclusivity by recognizing important occasions in various communities worldwide.

Binance has stated that trading fee rebate voucher rewards will be distributed within two weeks after the event concludes, and users can redeem their vouchers via the Rewards Hub in their profile.

Ensuring Fair Participation

Binance reserves the right to disqualify any participant engaging in wash trades or other manipulative behaviors. The exchange emphasizes the importance of fair play and community values during the event, reflecting the principles of Ramadan.

Conclusion and Considerations

Participants are reminded that trading digital assets carries significant risk due to market volatility. Binance encourages users to trade responsibly and seek independent financial advice if necessary. This event provides an innovative way for Binance to engage with its user base while respecting cultural practices, offering a festive and potentially rewarding opportunity for users to participate in the cryptocurrency market.

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