Binance Launches Web3 Challenge During Abu Dhabi Race Weekend with $10,000 in SOL and TON Prizes
Binance has announced an exciting new initiative titled 'Race to Web3: Abu Dhabi Race Weekend', targeting users in the MENA and South Asia regions. The event, which promises a thrilling experience, offers participants a chance to win a share of a substantial $10,000 prize pool in either SOL or TON tokens. The promotion is set to run from November 21 to November 29, 2024, according to Binance.
Team-Based Challenges
The event is structured around team-based challenges, allowing participants to join either 'Team SOL' or 'Team TON'. By completing daily tasks, users can earn points to boost their team's score. The top 1,000 participants from the winning team will share $8,000 of the prize pool, with individual rewards capped at $8. In contrast, participants from the losing team will share $2,000, with a maximum reward of $2 per person. Additionally, the top contributor from the winning team will receive two Grandstand tickets to the Abu Dhabi Race Weekend.
Opportunities for New Users
Binance is also incentivizing new user sign-ups through 'Activity B'. The first 1,000 new users who register, complete identity verification, and make their first eligible trade will qualify to share an additional $2,000 in rewards. To participate, users must trade a minimum of 50 FDUSD equivalent on eligible spot trading pairs during the activity period.
Participation Details and Rewards
Participation in the challenge requires users to log into their Binance accounts, select their preferred team, and engage in daily activities on the Mission Page. The reward distribution will occur within seven business days after the conclusion of the event, with participants needing to claim their token vouchers via the Binance Rewards Hub within 15 days of distribution.
Terms and Conditions
The promotion is open to regular and VIP 1-3 users from the specified regions, excluding certain regulated areas like Bahrain and Dubai. Participants must confirm their participation and complete all requirements to be eligible for rewards. Binance has outlined strict guidelines to prevent dishonest activities, such as wash trading or market manipulation, which could lead to disqualification.
Binance reserves the right to amend or cancel the event rules or structure at its discretion. The official Binance Terms and Conditions for Prize Promotions apply to this activity.