This is a general announcement. The products and services mentioned here may not be available in your region. Terms and conditions apply.

Dear Binance community members,

Binance Wallet is excited to launch the Squid trading competition on Binance Alpha! During the promotion periods, trade Squid (QUID) in the Binance Wallet (Keyless) or via Binance Alpha to receive exclusive token rewards. Any user who is eligible to trade Binance Alpha tokens may participate in this trading competition.

• 1st trading competition period QUID: 05.08.2026 13:00 (UTC) – 12.08.2026 13:00 (UTC)

• 2nd trading competition period QUID: 12.08.2026 13:00 (UTC) – 19.08.2026 13:00 (UTC)

General rules:

Participants will be ranked by the total amount of QUID purchases during the promotion period. The top 2,500 users by QUID token purchase volume during the promotion period will split 925,000 QUID tokens equally (= 370 QUID per user).

Now, when distributing rewards, greater emphasis will be placed on early trading and regular participation throughout the promotion period, making the reward distribution fairer, the returns clearer, and participation more accessible. To do this, we introduce the Early Bird Boost multiplier.

To further encourage broader participation, we also introduce the Rising Trader Boost multiplier.

Early Bird Boost multiplier:

Now users can trade earlier to earn more. During the promotion period, earlier trades will receive a higher multiplier, which increases the user’s base trading volume.

Daily effective trading volume is calculated as follows:

Daily effective trading volume = actual trading volume * Early Bird Boost multiplier

Note: The total trading volume for the competition is the sum of the user’s daily effective trading volume during the promotion period.

The base trading volume of users generated on the following days of the promotion period, when calculating their ranking, will be multiplied by the corresponding multiplier:

Rising Trader Boost multiplier:

Within this promotion, “Rising Traders” are users who, as of three days before the start of the promotion period, won any rewards in fewer than the 3 previous Binance Wallet Alpha trading competitions.

Eligible Rising Traders will receive a Rising Trader Boost of 1.2x on their actual trading volume during the promotion period, subject to the Rising Trader Boost limit.

Notes: 

• Eligibility for the “Rising Trader” criteria is determined as of three days before the start of the activity period.

  • For example, if a user wins a trading competition that ends on day T, and by that time their cumulative historical number of wins reaches exactly 3, they will still qualify as a Rising Trader for new competitions starting on T+1 and T+2 (since the snapshot for eligibility determination was taken before their 3rd win). However, for competitions starting on T+3 and later, at the time of the snapshot for eligibility determination their historical number of wins will already be 3 or more, and they will no longer be eligible for the Rising Trader bonus.

• The Rising Trader Boost limit is the maximum actual trading volume to which the Rising Trader Boost can be applied during the promotion period. After the Rising Trader Boost limit is reached, the user will no longer receive the Rising Trader Boost for any subsequent trading volume.

If both the Early Bird Boost multiplier and the Rising Trader Boost multiplier apply, the effective trading volume will be calculated as follows:

Effective trading volume = actual trading volume * Early Bird Boost multiplier + min(actual trading volume, remaining Rising Trader Boost limit) * Rising Trader Boost

The final ranking will be calculated based on the total effective trading volume of users during the promotion period. A user’s total effective trading volume is the sum of their daily effective trading volume for the promotion period.

Example:

User A generates actual trading volume of 10,000 USDT on Day 1. The Early Bird Boost multiplier for Day 1 is 3.5x, and User A is also eligible for a 1.2x Rising Trader Boost. The Rising Trader Boost limit is 5,000 USDT.

User A’s daily effective trading volume for Day 1 is calculated as follows:

• Early Bird Boost: 10,000 * 3.5 = 35,000 USDT

• Rising Trader Boost: User A’s actual trading volume (10,000 USDT) exceeds the Rising Trader Boost limit (5,000 USDT), so only 5,000 USDT are covered by the Rising Trader Boost = 5,000 * 1.2 = 6,000 USDT

Day 1 effective trading volume = 35,000 + 6,000 = 41,000 USDT

After Day 1, User A’s Rising Trader Boost limit of 5,000 USDT has been fully used. Therefore, User A will no longer receive the Rising Trader Boost for any subsequent trading volume during the promotion period.

Please note:

• In this promotion, only trades made through Binance Wallet (Keyless) or Binance Alpha in Binance Wallet are counted. Transactions in third-party dApps are excluded.

• For the purposes of this promotion, only aggregate buys count toward trading volume. Sales are not counted.

• No volume limits: this promotion has no trading volume limit for each participant.

• Token bridging transactions are not included in this promotion.

• Starting from 17.06.2025 00:00 (UTC), trading volume generated from Alpha-to-Alpha token pairs will no longer be counted for Alpha Points. Such trading volume will also be excluded from the trading competition and will not affect the competition ranking.

• Reward distribution:

  • All rewards will be calculated according to the reward distribution rules above and will be available for eligible users to claim in QUID tokens.

  • Reward tokens will be available to eligible users by 02.09.2026 13:00:00 (UTC). Eligible users must claim within 14 days after the rewards become available for claiming. Any rewards not claimed during this period will be considered forfeited and will not be issued again.

  • Eligible winners can view and claim their reward tokens directly via their Binance Alpha or Binance Wallet (Keyless) accounts.

How to participate:

1. Tap [Join] on the event page in the Binance app to participate in the promotion. Only trading volume generated after you successfully tap [Join] will be considered as valid trading volume for the competition.

2. Update the Binance app to the latest version, make sure you have created a Binance Wallet (Keyless), and backed up it.

3. During the promotion period, trade QUID in Binance Wallet (Keyless) or Binance Alpha.

4. After the promotion period ends, the ranking will be calculated automatically. Eligible winners will be able to claim their rewards on the event page.

Terms and Conditions:

• These Terms and Conditions (“Promotion Terms”) govern users’ participation in the above promotion (“Promotion”). By participating in this Promotion, users agree to these Promotion Terms, as well as the following additional terms and conditions: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Wallet Terms of Use; and (c) Binance Wallet Privacy Notice; all of which are incorporated herein by reference. 

• In the event of any inconsistencies or conflicts between these Promotion Terms and any other incorporated terms and conditions of these Promotion Terms, these Promotion Terms shall prevail. The following documents shall apply in the order of priority and to the extent of such inconsistency: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Wallet Terms of Use; and (c) Binance Wallet Privacy Notice.

• Only users who maintain an active Binance account on the Binance platform are eligible to participate in this activity. Tokens will not be distributed to users who have deleted or deactivated their Binance Wallet and/or their Binance accounts on the Binance platform.

• You may interact with third-party services and DApps within and as part of this Promotion. Third-party service providers act independently and may have different security standards, operational practices, and regulatory compliance requirements. Binance Wallet does not control and does not guarantee the performance, security, or reliability of these third parties. Users are responsible for conducting their own independent research to ensure that the third-party service is suitable for them.

• Binance Wallet reserves the right to disqualify a user from receiving rewards if Binance Wallet determines that the user has violated the Binance Wallet Terms of Use, interfered with Binance Wallet’s code, or prevented Binance Wallet’s code from functioning properly through other software.

• Binance reserves the right, at any time in its sole and absolute discretion, to determine and/or amend and/or correct these activity terms and conditions without prior notice, including without limitation canceling, extending, terminating or suspending this activity, its terms and eligibility criteria, selecting and the number of winners, and the timelines for any actions, and all users will be bound by such amendments.

• There may be discrepancies between this original English content and any translated versions. In the event of any discrepancies, please refer to the original English version for the most accurate information.

Thank you for your support!

Binance Team

05.08.2026

USDC is an electronic money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). The USDC Whitepaper is available here. You can contact Circle using the following contact details: +33(1)59000130 and EEA-Customer-Support@circle.com. 

USDC holders have a legal entitlement to Circle SAS, as the issuer of USDC in the EU. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption may be made at any time and at par value.

Disclaimer:

Binance Wallet services are provided by Binance Barbados Limited and include the provision of unregulated third-party services that are not controlled by the Abu Dhabi Global Market Financial Services Regulatory Authority or any other regulatory authority. Binance Wallet is not responsible for your access to or use of any third-party applications (including functionalities embedded within Binance Wallet) and does not accept any liability for your use of such third-party applications, including, without limitation, any transactions you dispute. Invest only in those products you are familiar with and understand the risks of. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser. This material should not be considered as financial advice. Please carefully review User Terms and Risk Warning and always conduct your own research.

Binance Alpha introduces new digital assets that generally have low market capitalization and unique or new features. Because the prices of digital assets can be volatile, the value of any investment you make in Alpha Assets may go down as well as up, and you may lose all or part of the value of the invested amount. Please note that for Binance Alpha: (i) the risk of losing all or part of your investments increases when dealing with Binance Alpha assets, as they are subject to increased price volatility; (ii) by purchasing Alpha Assets, you are exposed to price slippage risk and blockchain fees, which may negatively affect the price of Alpha Assets; (iii) for the avoidance of doubt: after transferring Alpha Assets onto the Binance platform, the relevant services are not provided by Binance Barbados and are instead governed by the Binance platform terms. You are solely responsible for your investment decisions. Binance will under no circumstances be liable for any losses you may suffer directly or indirectly as a result of investing in Binance Alpha assets. Please carefully review User Terms and Risk Warning and always conduct your own research.

Please note that there may be discrepancies between this original English content and any translated versions (these versions may be generated by AI). Please refer to the original English version for the most accurate information in case of any discrepancies.

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