Binance Futures Challenge Debuts with BTC and Tesla Car Rewards

Binance Futures sets the stage for a four-week Bitcoin price prediction challenge.

Binance CEO Richard Teng showing two peace signs smilling.
Created by Kornelija Poderskytė from DailyCoin
  • Binance Futures has announced a new challenge.
  • Participants stand a chance to win daily and weekly rewards.
  • The challenge will run until March.

Crypto derivatives platform Binance Futures has announced the launch of its Futures Ultimate Challenge, which will run for four weeks.  

Launched in September 2019, Binance Futures allows traders to speculate on the future price action of crypto by buying and selling futures contracts. The platform has been holding various challenges to spur user activity and onboard new traders.

Binance Futures Ultimate Challenge Rewards

According to a press release shared with DailyCoin on February 16, the Futures Ultimate Challenge allows participants to compete in a four-week Bitcoin price prediction challenge and stand a chance to win a range of rewards, including BTC vouchers and Tesla Model Ys.

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“Each day from 14:00 (UTC) to the following day 13:00 (UTC), users who open a Futures account can make a prediction of the BTCUSDT Perpetual Contract mark price at 14:00 UTC of the following day. The user who gets the price right, or the closest to it, can walk away with a 0.05 BTC token voucher.” The statement read.

Users also stand a chance to win a Tesla Model Y every week after completing various tasks and amassing “Golden Tickets.”

Per the statement, while users with more Golden Tickets stand a higher chance of driving home a Tesla Model Y, “the user who wins the Tesla will not be able to receive other voucher rewards at the same time.”

The challenge will run from February 18 at 14:00 UTC to March 17 at 13:59 UTC.

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Read about Binance’s S6 Incubation Program projects:
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Read the latest news on Binance Trust Wallet:
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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.