On Monday (September 2), Binance announced the launch of two Binance Futures Testnet Platforms.
On August 28, Changpeng Zhao (aka "CZ"), Co-Founder and CEO of Binance, answered questions on a wide range of Binance-related topics in a Periscope "Ask Me Anything" (AMA) session. One of these topics was Binance's upcoming futures trading platform.
CZ explained that Binance had invested in two futures platforms: one they bought and one they built themselves (with some outside help). CZ said that "both of them are kind of ready," and that Binance is trying to decide which one to release. He noted, however, that it is possible that Binance will release both since "they are slightly different products." CZ also mentioned that "both products are very competitive in terms of features."
Well, earlier today, in an article published to the Binance website, the Binance team said they wanted to give Binance users "the freedom to choose," and that they were going to give away 10,000 BNB in total to users "that participate in each Futures Testnet Platform." Furthermore, users that vote for the winning platform will also get a 50% discount on trading fees on the "official" Binance Futures platform for one month.
The competition period starts on 3 September 2019 at 00:00 UTC and ends on 8 September 2019 at 00:00 UTC. You can participate at: https://www.binance.com/en/vote/13
There are two activities that users can engage in during this period:
- After experiencing futures platforms A and B in test mode, users can vote for the one that they believe shoild become Binance's official Futures platform.
- Users can take part in a simulated trading competition, where there is "10,000 BNB to be won."