Binance has introduced Swap Farming - a method through which users can swap tokens and earn 50% fee rebates during the initial farming period. Read more!
When it comes to providing the latest features in the world of blockchain, the biggest cryptocurrency exchange in the world, Binance always tries to be ten steps ahead of everyone. This notion was felt once again as Binance has introduced Swap Farming - a method through which users can swap tokens and earn 50% fee rebates during the initial farming period.
*The initial farming period starts from 2021-11-22 00:10 (UTC) and ends on 2021-12-22 00:00 (UTC)
How to Use Swap Farming on Binance to Make Profits?
During the competition, all users who exchange in liquidity pools will be entered into a draw for a share of $20,000 in BNB.
By meeting a minimum overall swap volume of 100 USDT (buy and sell) in any liquidity pools on Binance Liquid Swap, each new user who has never used Binance Liquid Swap before the campaign will get an equal portion of $5,000 in BNB. Each qualifying user will get a maximum of $20 in BNB.
While the official competition is being held, all users that swap on Binance Liquid Swap in the approved liquidity pools will be scored based on their total swap volume (buy and sell), exclusive of wash trades. The total prize, in this case, would be $15,000 which would be split among the top 50 users.
For a detailed user guide on how to use the Binance Swap Farming feature, click here.
Which Cryptocurrency Pairs Are Eligible for Liquidity?
Currently, these pairs are available for Binance Swap Farming:
BTC/USDT
BTC/BNB
BTC/ETH
SHIB/USDT
SOL/USDT
DOT/USDT
AVAX/USDT
BNB/USDT
ETH/USDT
Rewards will be handed out in BNB within two weeks after the competition's conclusion, depending on the BNB/USDT exchange rate on Binance at the time of distribution.
For more information on Swap Farming on Binance, click here.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap. CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.
