1.1 By participating in the Binance P2P Ad Bidding Program (the "Program"), you (the "User") agree to comply with and be bound by these Terms & Conditions (the "Terms"). These Terms constitute a legally binding agreement between you and Binance. Please read these Terms carefully before participating in the Program. If you do not agree with any part of these Terms, you must not participate in the Program.
1.2 These Program Terms are supplemental to the Binance Peer-to-Peer Product Terms (“P2P Terms”) and the Binance Terms of Use (“Binance Terms”). The provisions set out in the P2P Terms and Binance Terms shall continue to apply.
1.3 You agree to be bound by Binance’s Privacy Policy which is referenced and incorporated by reference herein. You further agree to comply with the Binance P2P Merchant Guidelines, Binance Advertising Policies and other P2P related terms and rules.
1.4 Binance is constantly improving the Program, and periodically Binance will need to revise or amend the Terms. Accordingly, Binance reserves the right to amend the Terms at any time for any reason without notice to you. Any changes will be effective immediately upon posting on the Binance platform. You are encouraged to review these Terms periodically to ensure awareness of any changes. Continuing to use the Program will constitute your acceptance of these Terms, as revised. If you do not agree to the revised Terms, do not use or access the Program.
2.1 To be eligible to participate in the Binance P2P Ad Bidding program, you must meet the following criteria:
Note: Criteria for ad bidding participation vary by region. Please refer to the specific ad bidding page for detailed information.
2.2 Failure to meet or sustain any of the eligibility criteria required in Clause 2.1 will result in disqualification from the Program.
3.1 All bids must be submitted through the Binance P2P Merchant Portal.
3.2 Each bid must specify the ad placement duration, bid amount, and any other required details as specified by Binance.
3.3 Once a bid is submitted, the details of the bid cannot be modified.
3.4 Users may withdraw an existing bid and resubmit a new bid with updated details, provided that the new bid is submitted before the end of the bidding period.
4.1 Ad placements will be awarded to the highest bidder at the conclusion of the bidding period.
4.2 Once the ad placement has been awarded, the bidder cannot withdraw the bid.
4.3 Binance reserves the right to reject any ad that does not comply with Binance's advertising policies, terms of service, or any other applicable guidelines.
5.1 The primary bid currency for the Program will be USDT. Binance reserves the right to change the primary bid currency or to determine additional currencies.
5.2 Bidding assets will be frozen for all participants during the bidding process.
5.3 Upon the conclusion of the bidding session, the bid amounts will be released to the participants who did not win the ad placement.
5.4 The bid amount will be collected from the successful bidders at the end of the ad placement period.
5.5 Winning bidders cannot withdraw the bid amount once the ad placement has been awarded.
6.1 All P2P ads must comply with these Terms, Binance's P2P advertising policies, Merchant Guidelines, P2P Terms, Binance Terms and related terms.
6.2 Binance P2P reserves the right to remove any ad deemed inappropriate or in violation of these Terms, Binance's P2P advertising policies, Merchant Guidelines, P2P Terms, Binance Terms and related terms.
6.3 Merchants are responsible for ensuring that their ads comply with all applicable rules & terms mentioned in Clause 6.2.
7.1 You acknowledge and agree that Binance does not guarantee any specific results from the ad placements.
7.2 You acknowledge and agree that Binance is not responsible for any losses or damages resulting from participation in the Program or the ad placements.
8.1 Binance may at any time decide in its sole discretion to charge, decrease or increase the fees for your use of the Program by simply notifying you.
9.1 Binance reserves the right to terminate or suspend your participation in the Program at any time without cause or prior notice. The reasons for termination may include, but are not limited to violation of these Terms, any agreements or any other Binance policies.
9.2 You acknowledge and agree that the termination or suspension of your participation in the Program does not entitle you to any compensation or refund of any kind.
