Of course! Here’s a simplified technical explanation of the Binance Traders League competition hosted by the Binance platform:
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🎯 What is the Binance Traders League?
It is a trading competition on the Binance Futures or Spot platform (contracts or spot trading), where traders compete either individually or in teams for cash prizes and global rankings.
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🛠️ Technical explanation of the competition:
1. Registration mechanism:
You enter through the official event page on the Binance platform.
You choose whether you are a Team Captain or Join a Team.
You must have an activated Binance account with trading in contracts or spot.
2. How is performance calculated?
The ranking is based on:
Type of trading Evaluation method
Futures Percentage of profits earned (PnL%)
Spot Trading volume (Volume) during the event period
3. Rewards:
Winners receive cash prizes in dollars (USDT) or tokens.
Additional rewards for successful team captains.
Sometimes NFTs or VIP benefits are offered.
4. General rules:
Cheating or opening multiple accounts is prohibited.
Trading must be done from an active and verified identity account (KYC).
Results from accounts showing unusual activity will be canceled.
5. Examples from a current or past edition:
💰 Prizes up to $50,000.
📆 Typical duration of the event: from one week to one month.
💡 Some teams compete with influencers or well-known leaders in the market.
