TL;DR: One of the largest cryptocurrency exchanges by volume, Binance, is offering participants of its 2 futures testnet platforms up to 10,000 in BNB. The campaign begins on 3 September and runs through the 8th, and includes the potential of saving 50% off trading fees for a month.

Up to 10,000 BNB for Users of its 2 Futures Testnet Platforms

“We are delighted to announce the launch of not one, but two Binance Futures Testnet Platforms!” the exchange posted. “A total of 10,000 BNB will be given away to users that participate in each Futures Testnet Platform.” Users who vote for the winning platform can earn half off trading fees for a month on the to-be-determined Binance Futures Platform.

The campaign is designed to lure users onto both platforms, literally dubbed A and B, taking them for a spin in order to eventually vote for a favorite. Those participating will receive a faux amount of the stablecoin tether, USDT, during a simulated trading competition. “During the competition period, participants will be ranked in terms of the total USDT trading volume transacted (including both Buys and Sells) on each of their Binance Futures accounts within the simulated trading pairs,” the exchange explained. Other minor rules and payout levels apply.

At current prices, that 10,000 BNB spread over prize levels is slightly more than $200,000 worth of the exchange’s proprietary token, which has traded for a while within the top 10 cryptocurrencies by market capitalization. The announcement of the competition and marketing campaign comes on the same day Binance revealed the acquisition of spot and derivatives crypto trading platform, JEX, forming Binance JEX.

Binance JEX will “focus on further building the cryptoasset derivatives market, providing Binance users with professional services including futures contracts, options and other derivative products.” This includes JEX tokens, which Binance plans to have “gradually distributed to all users via marketing activities and community incentives; subsequently, the tokens will be gradually retrieved and burned in various forms including trading commission deductions and so on.”

DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.

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