Nebulas (NAS) NOVA 2.0 –Giving out to encourage more patronage is one of the most important strategies meant to boost business strength and marketing power.
Binance, in its effort to strengthen its business has announced its decision to give out 50,000 NAS to users worldwide as they celebrate the official launch of Nebulas NOVA 2.0.
This announcement’s contained in a blog post on Binance official website on 16th April, stressing that the promotion period will be between 17th April and 24th April, 2019.
The Competition in Parts and What to Win
According to Binance, 20,000 NAS will be won in Balance Holding Competition, stating that users that possess the minimum of 1000 NAS in their accounts at 0:00 AM on April 24th stand a chance of winning NAS in regards to the below reward calculation as shared on its website;
“Reward for each user = (Each user’s total NAS balance/Total NAS balances from all users where NAS holding is greater than 1,000 NAS) × 20,000 NAS”
A pool of 30,000 NAS will be shared between top 50 traders according to their total NAS trading volume before and during the scheduled competition, which includes trading among pairs.
Read Reward Calculation below:
Rewards for each user in the top 50 = (Each user’s total trading volume/Top 50 users’ total trading volume) × 30,000 NAS.
Terms Guiding the Competition
Binance liste dthe terms that users must take note during the competition, which include the company’s right to cancel or amend rules of the competition at any time and the right to disqualify any trade where market manipulation of any sort is detected, adding that total buys and sells except wash trades will be counted as trading volume.
The exchange reiterated that the result of the competition will be out in 2 weeks’ time, after which users will be able to access their accounts to check their Nebulas (NAS) prize status.
It also added that users with sub-accounts on participation list will be treated as an independent account.
Risk Attached to the Trading Competition
There is always one or two risks attached to trading, which is/are sometimes unavoidable and all these possible risks are not limited to cryptocurrency investment as the crypto market is subject to daily high market risk.
So, Binance warns its users to trade responsibly with caution as there could be direct or indirect losses in the course of crypto investment and trading competition.