Binance Launches Time-Limited Referral Program with Rewards up to 1000 USDC

Binance, a leading cryptocurrency exchange, has announced a new time-limited referral program aimed at increasing user engagement and rewarding participants with substantial USDC token vouchers. According to Binance, the promotion period runs from September 30, 2024, to December 7, 2024, offering eligible users the opportunity to earn up to 1000 USDC each.

How to Participate

The referral program, also known as 'Lite referral,' allows users to participate in up to six referral rounds. To join, users must start a new round on the Lite referral page and share their Referral ID/Link with friends who have not yet registered on Binance. The referred friends must complete specific tasks within the same referral round to boost the referrer's progress towards earning USDC rewards.

The tasks include completing account verification (KYC) and making a first trade of more than $100 on Binance Spot or Binance Convert. Each referral round lasts for 10 days, and the rewards increase progressively as more friends are invited and complete the tasks.

Reward Structure

Participants can earn rewards based on their progress in each referral round. The completion of account verification or the first trade task by a newly invited user boosts the referrer's progress by 0.005% to 10%. Users who reach 100% progress in a round will receive USDC token vouchers. Each eligible user can participate in a maximum of six referral rounds, earning up to 1000 USDC in total.

If a referrer fails to reach 100% progress by the end of a referral round, the accumulated progress will be void, and no USDC token vouchers will be distributed for that round. However, users can start a new referral round immediately after reaching 100% progress in their current round or after the 10-day period expires.

Terms and Conditions

Binance has outlined several terms and conditions for the referral program. Users in restricted regions are disqualified from participating, and the total prize pool is capped at 1,000,000 USDC, distributed on a first-come, first-served basis. Referrers must complete account verification within 10 days after the promotion period to receive their rewards.

Additional rules include the exclusion of sub-accounts from participation and the requirement for both referrers and referrals to redeem their rewards within specific time frames. Binance reserves the right to disqualify participants engaging in dishonest or abusive activities and to amend or cancel the promotion at any time without prior notice.

For more information, you can visit the official announcement on Binance's website.