Binance extends RLUSD rewards campaign with 1M XRP prize pool

Binance has extended its RLUSD rewards campaign for an additional four weeks, increasing the total prize pool to 1 million XRP. The promotion, which runs through September 11, follows a previous campaign that offered $800,000 worth of XRP.

To qualify for the rewards, users must hold a minimum of 0.01 RLUSD in an eligible Earn or Margin account and maintain an average daily Margin or Futures trading volume of at least $500. The trading volume can involve any supported pair, provided RLUSD is used as collateral.

Rewards will be distributed in four weekly installments every Friday. Binance utilizes hourly snapshots to determine qualifying balances, noting that RLUSD acquired through borrowing other stablecoins will be subject to a 60% haircut in reward calculations. The campaign excludes participants from the United States, United Kingdom, Canada, Japan, and several EEA jurisdictions.