Binance announces competition with pool of $100K in BNB

Binance has announced the first Auto-Invest Star Portfolio Competition in history. Participants can create their star portfolio, get followers, maximize ROI, and win rewards, the exchange posted on their website.

They can join as a Portfolio Creator or as an Aspiring Trader and are eligible to win the equivalent of $100,000 in Binance Coin (BNB/USD).

Portfolio Creator

Build your portfolio using the Auto-Invest Portfolio Plan. Your portfolio will be tracked and posted to the daily ROI leaderboard on the competition activity page. Share the leaderboard to get more followers. Top portfolio creators based on portfolio ROI and follower counts will earn high rewards.

Aspiring Trader

Those who want to copy star Portfolio Creators and invest through the dollar-cost averaging method can take part as an aspiring trader. They will follow a Portfolio Creator of their choice to earn rewards and get a chance to win a top ten portfolio plan template.

The competition started today at 11:30 and will continue until EOD May 31 (UTC).

There are four promotions: A, A1, A2, and B. Below are some more details about each.

Portfolio Creators share up to $100K in BNB

In Promotion A, the total competition prize pool is determined by the total eligible participants.

Highest ROI prize pool

In Promotion A1, participants share rewards of up to $60,000 in BNB. More specifically, the top thousand creators ranked by the ROI on their Auto-Invest Portfolio Plans will share this amount of the prize pool.

“Most followers” prize pool

Promotion A2, with the so-called “Most Followers Prize Pool”, allows the top one thousand creators to share rewards, collectively worth $40,000 in BNB. They will be ranked by the number of eligible followers.

Aspiring traders can win portfolio plan templates   

The final promotion, Promotion B, lets Aspiring Traders share a prize pool of $5,000 and win star portfolio plans. Participants can get one of the top ten Portfolio Plan Templates ranked by ROI, which the Portfolio Creators generated. 

These templates include information about the cryptocurrencies and their allocation, which users may copy to their own Auto-Invest Portfolio Plans. The Portfolio Plan Templates will be shared to winners via email.

The post Binance announces competition with pool of $100K in BNB appeared first on Invezz.