How does the Binance P2P Pioneer Program for India work?
Binance P2P pioneer program aims to engage peers who trade in the P2P marketplace and facilitate crypto adoption in the local crypto community. The program is open to P2P merchants in the INR market.
To join the program, you need to:
Post your trade advertisements
Earn on your trading volume
If you are already a Binance P2P INR merchant, you can reach out to the P2P team and sign up for our new P2P Pioneer program offers.
Program Duration: 25th September - 25th October 2020
How much can you earn?
Participating merchants can earn up to 0.5% volume rebate per month on all transactions made on Binance P2P platform, based upon monthly trading volume as follows:
TRADING VOLUME (USD) | UNIQUE USERS | % REBATE | REBATE RANGE (USD) |
250,000 | 100 | 0.1 | 250 - 499 |
500,000 | 250 | 0.3 | 500 - 1,499 |
1,000,000+ | 500 | 0.5 | 1,500 - 5,000 |
Requirements
To be eligible for bonuses, merchants must meet the following requirements:
Place a security deposit of 1,000 BUSD on Binance
Post minimum 1 buy ad and 1 sell ad for USDT AND BTC/BNB each day - 4 ads in total daily
Set a minimum order size of USD 50 (₹3,000) for at least 1 active ad per market
Achieve and maintain above 95% order completion rate
Successfully process orders with unique users as per each tier
Terms and conditions
All participants in this program shall be Binance P2P merchants. You can sign up for the Binance P2P merchant program through filling out this form.
A merchant can earn a maximum of USD 5,000 per month on monthly trading volume.
Existing Binance merchants’ volume for the rebate will be calculated upon the start date of the program. The volume before 25/09/2020 will not be considered under the program.
Eligible payouts will be calculated at the end of the month and credited as BUSD in the first week of the coming month.
The security deposit is essentially an escrow fund, ensuring no cheating or wash trading and the users don’t need to worry about suffering fiat or crypto assets loss.
After one month, the Binance P2P team will review the merchant account performance. The security deposit will either be returned or be reserved for the extension. If transactions are cleared without chargebacks, the deposit funds are safe and refunded after one month. However, if a transaction is disputed by the user, the funds could be used to repay the user in the first week of the coming month.
Binance may extend the offer for a period of another month depending on the merchant’s performance.
In case of fraudulent/suspicious transactions, Binance solely reserves the right to revoke the offer and freeze deposit.
Binance solely reserves the right to modify or suspend the offer without giving any prior notice.
Become a Binance P2P Pioneer and Earn
