In order to increase awareness of Binance DEX within the Binance Chain community, Binance has decided to sponsor a simulated trading competition on the Binance DEX testnet. All users who hold at least 1 real BNB on their Binance account will be eligible to participate in this Binance DEX Simulated Trading Competition. Each Binance.com account is able to register a maximum of 20 Binance Chain addresses and will receive 200 virtual testnet BNB tokens to each address to use as their starting funds before the Binance DEX trading competition begins.

Please Note:

All data on the Binance Chain testnet will reset right before 08:00 AM (UTC) on March 7, with all existing asset balances being cleared. After the reset occurs, the competition will begin.
Competition 1: Token Competition for Healthy Price Volatility
Individuals are able to issue and list tokens on the Binance Chain Testnet. The addresses that own tokens will be ranked in terms of the sum of each token price’s volatility over every five minute interval on the “Token”/BNB trading pair during the competition period. The summation will start when each token is listed, with the maximum price volatility that can contribute to the sum set at 10 (every five minutes). The greater this sum of volatility is at the end of the competition period, the higher each token will be ranked. The initial price of each Token must be set at 1 BNB and there is no limit to the total supply of each token type. The rewards structure is as follows:
3,000 BNB
3,000 BNB
2,000 BNB
2,000 BNB
1,000 BNB
1,000 BNB
RankingTokenTrade Fluctuation
1
IHH-D4E8593.62825000
2
IFF-8048520.59571000
3
III-25C8374.90429500
4
PND-9436573.58671300
5
IGG-0135723.83797000
6
IDD-5165667.67263000
7
ICC-6EF5414.31513000
8
IJJ-65E5322.97797000
9
IBB-8DE5021.19846000
10
IAA-C814980.01650000
Note:
  • This volatility competition is limited to “Token”/BNB trading pairs only.
  • Each issued token must have at least 20,000 unique addresses holding the token and each address must have also executed at least one buy or sell transaction of the token during the competition period to be eligible for a reward.
  • Trade Volatility = Sum (min (The highest and lowest price spread within 5 minutes, 10)).
Update to the "Healthy Price Volatility" competition:
  • If during a 5-minute interval, the highest price is above 15 BNB, this will not count as valid volatility and will not be counted into the sum of volatility.
  • The reward for increasing token circulation. A token issuer has the option of tripling their final volatility sum amount if they are willing to transfer 50% of their total supply to the official faucet address (tbnb138u9djee6fwphhd2a3628q2h0j5w97yx48zqex) within 24 hours (from 2019/03/08 8:00 AM UTC for existing tokens, or from the time of issuance for new tokens). If Issuers have already airdropped a portion of their token’s total supply to BNB holders, they may attach a "memo" to explain the amount that they have already airdropped, and will be able to have this amount excluded from the 50% required to be transferred to the faucet. Please note that this is for the faucet used to airdrop these tokens to all existing BNB owners.
Example:
Alice issued a new token, named ABC. The price movement over the first 25 minutes after the listing is as follows. The final trading fluctuation calculation is 35 for the 25 minutes.
TimeHighest priceLowest priceSum of fluctuationsNotes
10:00-10:053808379010High-low spread is 18. Max volatility contribution is 10
10:05-10:103814380210+10=20High-low spread is 12. Max volatility contribution is 10
10:10-10:153812380620+6=26High-low spread is 6. Volatility contribution is 6
10:15-10:203815381026+5=31High-low spread is 5. Volatility contribution is 5
10:20-10:253818381431+4=35High-low spread is 4. Volatility contribution is 4
The difference between the highest and lowest price within each 5 minute interval is the length of the candlestick over 5 minutes. If its length is greater than 10, we will only take the max allowed volatility contribution of 10.
kline
Competition 2: Absolute Return Competition
All wallet addresses are able to use the virtual testnet BNB distributed by Binance and will be ranked based on absolute returns achieved using their trading strategies on BNB, BTC.B, ETH.B, USDT.B, XRP.B tokens over the competition period. The rewards structure is as follows:
1,000 BNB
1,000 BNB
700 BNB
700 BNB
300 BNB
300 BNB
Split 1,000 BNB
Split 1,000 BNB
Split 1,000 BNB
Split 1,000 BNB
Absolute Return Competition Ranking List
Your Absolute return: ? BNB, Your Ranking: --.
Please Login
RankingEmailAbsolute return (BNB)
1
vi***@***.com
1474000.91027816 BNB
2
si***@***.net
1219039.1580959 BNB
3
sh***@***.com
899240.86101987 BNB
4
13***@***.com
747275.95144266 BNB
5
yu***@***.com
592701.21678974 BNB
6
be***@***.com
428339.47558522 BNB
7
th***@***.com
400782.76519692 BNB
8
ge***@***.com
330498.773292 BNB
9
iw***@***.com
299715.38525062 BNB
10
18***@***.com
293463.71335395 BNB
11
mi***@***.com
288933.4785118 BNB
12
bt***@***.com
274324.47376074 BNB
13
fk***@***.com
239489.64908051 BNB
14
k7***@***.com
211561.63418823 BNB
15
f1***@***.com
203601.43085973 BNB
16
ka***@***.com
189108.25509163 BNB
17
sh***@***.com
185410.5115638 BNB
18
jo***@***.com
183337.96118937 BNB
19
hu***@***.com
170826.6039925 BNB
20
sa***@***.com
160558.0530923 BNB
21
ch***@***.com
152610.24358269 BNB
22
me***@***.com
124336.86582381 BNB
23
va***@***.com
97882.47559697 BNB
24
zs***@***.ru
44758.4866642 BNB
25
ge***@***.com
38824.84081122 BNB
26
ge***@***.com
28435.47180922 BNB
27
ai***@***.com
24212.02534203 BNB
28
mi***@***.de
23812.15507787 BNB
29
zq***@***.com
15488.4605958 BNB
30
se***@***.com
15121.49832653 BNB
Note:
  • Though participants can trade on any pairs, only the trading returns on BNB, BTC.B, ETH.B, USDT.B, and XRP.B would be counted. Other new Tokens created by users across all addresses will have a value of zero. All earnings will be calculated in BNB terms. The other 4 non-BNB tokens will be settled at a “Historical Average” price at the end of the final trading competition to the BNB equivalent.
  • Absolute return calculation = [Final holdings - (opening holdings + holdings transferred in)]
  • Opening/Final holdings: total holdings balance in BNB equivalent at the start/end of the competition, including both available and frozen assets.
  • The maximum amount of holdings transferred into a single address from other unregistered addresses must not exceed 8,000 BNB. All additional transfers made into this address will be deducted from the final profit/returns figure.
  • Historical Average: Sum ( (Highest Daily Price + Daily Open Price + Daily Close Price + Lowest Daily Price) / 4) / Number of days.
  • For all the wallet addresses registered under the same Binance account, the absolute return will be aggregated together.
Update to the "Absolution Return" Competition:
  • Tokens transferred in from the faucet address will not be counted in the 8000 BNB transfer-in quota, i.e. owners are able to sell these tokens to obtain additional BNB that will be counted as a valid increase in return. However, if addresses receive more airdropped tokens from addresses other than the faucet address, address owners must ensure they remain with the same or larger number of tokens as received from others at the end of the competition, otherwise, it will count towards the 8000 BNB transfer-in quota.
  • For tokens that haven’t been airdropped by the faucet address, but transferred in from addresses other than the faucet address, these will not be counted in the 8000 BNB transfer-in quota, as long as they are not traded.

PS: All other rules will remain exactly the same and remain in effect.
./images/terms-en.jpg