Binance is introducing the VIP Volume Contribution Program starting on October 31, 2023, at 08:00 (UTC) and will run till January 31,2024 at 08:00(UTC).
This allows users to achieve higher VIP levels (VIP 4-9) during the Program Period if they meet specific trading volume targets over 30 days, along with maintaining a daily average holding of Binance Coin (BNB) as outlined in the provided table.
Binance will assess users’ trading activity, specifically their spot and futures trading volumes over the past 30 days, as well as the average amount of Binance Coin (BNB) they hold daily every Sunday at 11:59 PM (UTC).
If a user meets the criteria for a higher VIP level based on these assessments, their VIP level will be automatically upgraded on Tuesdays at 8:00 AM (UTC). Users don’t need to request this upgrade.
Users will receive the highest VIP level upgrade through this program; they will keep that VIP level until January 31, 2024, at 8:00 AM (UTC), even if their performance later drops below the criteria for that level.
For example, if User A qualifies for a VIP level 6 upgrade on Tuesday, October 31 at 8:00 AM (UTC) based on their trading activity and BNB holdings assessed on Sunday, October 29 at 11:59 PM (UTC), they will remain at VIP level 6 until January 31, 2024.
If User A’s performance on Sunday, November 5 at 11:59 PM (UTC) only qualifies them for a VIP level 4 upgrade, they will still keep the higher VIP level (VIP 6) until January 31, 2024.
If a user qualifies for a higher VIP level through another sub Binance VIP program, they will receive the highest VIP level available to them.
Also Read: Binance Futures To Launch 50X BSV Contract, Price Surges 30%
