The Binance Moonbix Price Protection Promotion is here! With this exciting opportunity, Binance aims to help Moonbix users start their crypto journey with confidence by providing a limited subsidy on trading losses. Here’s everything you need to know about the promotion, including eligibility, participation steps, and key terms.
Promotion Period:
- Starts: November 1, 2024, at 13:00 (UTC)
- Ends: November 30, 2024, at 23:59 (UTC)
During this period, Binance is offering a chance for Moonbix users to claim a subsidy of up to 15 USDC in token vouchers, designed to cover any trading losses from their first BTC purchase on Binance Spot or Convert. With a total pool of 100,000 USDC available for this promotion, rewards are distributed on a first-come, first-served basis.
Let’s walk through how you can participate and make the most of this unique opportunity!
How to Participate in the Promotion
Participating in the Moonbix Price Protection Promotion is straightforward. Here are the key steps:
- Opt-In and Bind Your Binance Account to Moonbix
To get started, visit the promotion page on Binance and click on the [Opt-In Now] button. Ensure your Binance account is bound to Moonbix to confirm your eligibility. - Make Your First BTC Purchase
Next, complete your first purchase on any BTC-to-stablecoin pair using Binance Spot or Binance Convert. This initial purchase is what the price protection will apply to, so take advantage of this moment to enter the market with confidence. - Hold the BTC You Purchased
To qualify, hold the amount of BTC you purchased until the end of the promotion on November 30, 2024. By meeting all requirements during the Promotion Period, participants become eligible for a subsidy of up to 15 USDC in token vouchers, applicable toward any trading loss on this first trade.
Eligibility and Terms of the Moonbix Price Protection Promotion
To participate and qualify for rewards, here are some essential eligibility details:
- New Users Only: This promotion is open only to Moonbix users who have not completed any trade on Binance before this promotion.
- Completion of KYC Required: All participants must complete their Know Your Customer (KYC) verification.
- Limited Availability: The promotion operates on a first-come, first-served basis. Once the 100,000 USDC pool is exhausted, no further rewards will be available.
- Qualifying Trades: Only BTC-to-stablecoin trades completed on Binance Spot or Binance Convert will count. Stablecoins, like USDC or USDT, are cryptocurrencies pegged to a fiat currency or asset, providing stability to your trades.
Reward Conditions
Participants will only receive a reward if they incur a loss on their first BTC purchase during the Promotion Period. Here’s how it works:
- Profit Scenario: If the BTC/USDT spot price at the end of the promotion period is higher than the price at which you made your first BTC purchase, you’ve made a profit. In this case, you will not receive any compensation.
- Loss Scenario: If the BTC/USDT spot price is lower at the end of the period than your purchase price, Binance will cover the loss with a subsidy in the form of a USDC token voucher. The value of the voucher is capped at 15 USDC and will be calculated using the BTC/USDT spot trading pair’s closing price at the end of the promotion period.
Getting Started on Binance: Helpful Guides
If you’re new to Binance, there are step-by-step guides available on:
- How to Spot Trade on Binance App
- How to Use Binance Convert
These guides can be instrumental in helping you smoothly complete your first trade and participate in the promotion with ease.
Terms & Conditions to Remember
Here are some critical terms to keep in mind:
- Limited Participation: The offer is open to users from qualified regions only, and users must bind their Binance account with Moonbix during the promotion.
- Sub-Accounts Not Eligible: Each participant must have a single account; sub-accounts are not eligible for independent participation.
- Dishonest Behavior: Binance reserves the right to disqualify any participant found engaging in dishonest behaviors, such as wash trading, self-dealing, or other manipulative practices.
- Reward Distribution: Rewards will be distributed within 21 days of the promotion’s end, and users can redeem them via their Profile > Rewards Hub. Please note that token vouchers must be claimed within 14 days after distribution.
Final Thoughts
This promotion by Binance and Moonbix is an excellent opportunity for new users to explore BTC trading with a safety net. By following the steps above and completing your first trade, you may receive up to 15 USDC in token vouchers to cover any initial losses.
Whether you’re completely new to crypto trading or simply looking to get started on Binance, this promotion provides a unique chance to dive in with added confidence. Make sure to act fast, as rewards are limited and distributed on a first-come, first-served basis!
Be sure to check out our YouTube video here to guide you through the steps visually, so you can make the most of this Binance promotion!