Binance is doing a promotion as a thank you for sticking with them. They are giving away 50,000 BNB to users who trade more than 1 BTC worth of crypto and offering a free level up to VIP users.

While the VIP promo won’t apply to most users, the 50,000 BNB prize pool is something anyone who has a decent size account can enjoy if they are willing to make a few (or many) trades.

According to the official document the prize pool will be split, it doesn’t however say if it is split evenly between all users or if the BNB is given out in relation to volume. If it is an even split, then trading just 1 BTC could net on a nice little chunk of BNB, if it is weighted, then those who barely make the cut might not be in for that much BNB.

So in short, this is cool and fun, but hard to say how fruitful it will be.

Check out the official document on the official Binance website: https://binance.zendesk.com/hc/en-us/articles/360028425911-Binance-System-Upgrade-Complete-VIP-User-Promotion-50-000-BNB-Community-Giveaway

Below is the gist of the document:

Trade over 1 BTC to share a 50,000 BNB prize pool

Promotion Period: 2019/05/15 1:00 PM – 2019/05/18 0:00 AM (UTC)

All users with valid trading volume of 1 BTC or more (buy & sells) across any trading pairs on Binance during the promotion period will split a pool of 50,000 BNB.

Enjoy a VIP level up for 7 days

Promotion Period: 2019/05/15 1:00 PM – 2019/05/22 0:00 AM (UTC)

All existing VIP users will enjoy a one VIP level up on their current VIP level obtained by the standard qualified trading volume and BNB asset holding calculation. For example, a VIP 3 user will be promoted to VIP 4 during the promotion period. Please refer to our Binance VIP Level Standard to see if you qualify.

Get $10 in free Bitcoin when you sign up at Coinbase and buy or sell $100 in Cryptocurrency

"Binance VIP Promotion & 50,000 BNB Giveaway" contains information about the following Cryptocurrencies:

Binance Coin (BNB)

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