Binance has rolled out a new referral scheme targeting users in the Africa region. The promotion, which runs from September 18, 2023, 11:00 (UTC) to October 2, 2023, 11:59 (UTC), offers participants a chance to share a total reward pool of 17,500 USDT in token vouchers.
Key Details of the Promotion
Referrer Rewards: Users referring friends to Binance can share a pool of 11,000 USDT in token vouchers. To be eligible:
Register and achieve a minimum of two successful referrals within the promotion timeframe.
A successful referral is defined as a new user who registers using the referrer’s link and completes the KYC process during the promotion period.
The reward distribution based on the number of successful referrals is as follows:
1st Place: 350 USDT
2nd Place: 300 USDT
3rd Place: 200 USDT
4th Place: 150 USDT
5th to 55th Places: A portion of an 8,000 USDT reward pool, with a maximum of 100 USDT per user.
All other eligible participants: An equal share from a 2,000 USDT pool, capped at 100 USDT.
Referral Rewards: The first 1,500 referrals registering and completing KYC will each receive a 3 USDT token voucher. Additionally, the initial 200 of these referrals making a spot trade of at least $20 in cryptocurrency will earn a 10 USDT token voucher.
Terms to Note
Only users who complete KYC in the Africa region are eligible for the rewards.
Each new Binance user can be referred through one mode only.
Referrers can participate in Promotion A, while referrals can earn from both Promotions A and B.
In case of a tie in referrals, the user who reaches the number first gets preference.
USDT token voucher rewards will be distributed within 20 days post-promotion, expiring seven days after distribution.
Binance holds the right to disqualify participants for any dishonest activities, including bulk-account registrations.
Binance may amend these terms without prior notice.
This promotion underscores Binance’s commitment to expanding its user base in the African region. However, potential participants should be aware of the terms and ensure compliance to maximize their rewards.
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This article was originally reported on Blockchain News.