📝VARIOUS TYPES OF BINANCE POINTS :-
1🔹Binance Points (Rewards System)
What are they?🤔
💯 These are loyalty or promotional points you earn through various promotions or by using the Binance Points Center.
🙄How can you use them?
You can redeem these points for rewards like trial fund coupons, trading fee discounts, or access to Launchpad and Learn and Earn programs.
🌪️How to earn them🌪️:
- Completing missions (like daily tasks)
- Participating in campaigns
- Engaging in trading activities
2🔹 Discount Points on Trading Fees
These points are sometimes part of Binance's promotional programs and can help reduce your trading fees for a limited time.
You can earn them through:
- Referral programs
- Special events
- VIP loyalty programs
3🔹 API Points / Rate Limits
For those using the API: Binance assigns 'weight points' to each API call to prevent misuse.
Each endpoint has a specific weight point cost, and there is a limit on how many you can use per minute.
4🔹 Launchpad/Launchpool Points💰
During certain events, Binance employs a point-based system to allocate new tokens.
🔨You can earn points based on:
- Your BNB holdings
- Participation in staking
- Completing tasks (like those in Learn and Earn)
These points may influence how many tokens you are eligible to buy or receive.
5🔹 Futures Financing Rate Points🚀
In the Binance Futures market, points can refer to interest points (financing) that help calculate payments between long and short traders.
Although they are not exactly 'points' visible to the user, they play a role in the fee structure.
7🔹Binance Earn Points📝
🔹In promotions like Simple Earn or Dual Investment, you can earn points that lead to rewards or higher APY levels.
These points are also used in Learn and Earn campaigns.📝
