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

Hello Binancian,

Binance Wallet is pleased to launch the KGeN Trading Competition on Binance Alpha! During the Promotion Period, trade KGeN (KGEN) on your Binance Wallet (Keyless) or via Binance Alpha to receive exclusive reward tokens. Every user who is eligible to trade Binance Alpha tokens is eligible to participate in this trading competition. 

• Promotion Period for the KGEN Trading Competition #1: 2026-08-20 13:00 (UTC) to 2026-08-27 13:00 (UTC)

• Promotion Period for the KGEN Trading Competition #2: 2026-08-27 13:00 (UTC) to 2026-09-03 13:00 (UTC)

General Rules:

Participants will be ranked based on the total KGEN buy volume during the Promotion Period. The top 2,000 users based on KGEN token buy volume during the Promotion Period will share 590,000 KGEN tokens evenly (= 295 KGEN per user).

Rewards will now place greater emphasis on earlier trading and consistent participation during the Promotion Period, making reward distribution fairer, outcomes clearer, and participation easier to access. To support this, we introduce the Early Bird Boost Multiplier.

To further encourage wider participation, we also introduce the Rising Trader Boost Multiplier.

Early Bird Boost Multiplier:

Users can now 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: Total trading volume for the competition is the sum of the daily Effective Trading Volume during the Promotion Period.

The base trading volume generated by the user during the following days in the Promotion Period will receive the corresponding multiplier when calculating their ranking:

Rising Trader Boost Multiplier:

For the purpose of this Promotion, „Rising Traders” refers to users who, three days prior to the start of the Promotion Period, have won any reward in fewer than 3 Alpha Binance Wallet trading competitions previously.

Eligible Rising Traders will receive a 1.2x Rising Trader Boost on their actual trading volume during the Promotion Period, subject to the Rising Trader Boost Cap.

Note: 

• The qualification for „Rising Trader” is determined three days before the activity period begins.

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

• Rising Trader Boost Cap refers to the maximum actual trading volume that can receive the Rising Trader Boost during the Promotion Period. Once a user’s Rising Trader Boost Cap is reached, the user will no longer receive the Rising Trader Boost for subsequent trading volume.

If both the Early Bird Boost Multiplier and the Rising Trader Boost apply, 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 Cap) * Rising Trader Boost

The final ranking will be calculated based on the total Effective Trading Volume of a user during the Promotion Period. Total Effective Trading Volume of a user is the sum of their daily Effective Trading Volume during the Promotion Period.

Example:

User A generates an actual trading volume of 10,000 USDT on Day 1. The Day 1 Early Bird Boost Multiplier is 2.0x, and User A is also eligible for a 1.2x Rising Trader Boost. The Rising Trader Boost Cap is 5,000 USDT.

User A’s Effective Trading Volume on Day 1 is calculated as follows:

• Early Bird Boost: 10,000 * 2.0 = 20,000 USDT

• Rising Trader Boost: User A’s actual trading volume (10,000 USDT) exceeds the Rising Trader Boost Cap (5,000 USDT), so only 5,000 USDT qualifies for Rising Trader Boost = 5,000 * 1.2 = 6,000 USDT

Effective Trading Volume on Day 1 = 20,000 + 6,000 = 26,000 USDT

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

Please note:

• Only trades executed through Binance Wallet (Keyless) or Binance Alpha in Binance Wallet will be eligible in this Promotion. Transactions from third-party dApps are excluded.

• Only cumulative buys are counted as trading volume for the purpose of the Promotion. Sales are excluded.

• No Volume Cap: There is no trading volume cap for each participant in this Promotion.

• Token bridging transactions are not eligible for this Promotion.

• Effective starting 2025-06-17 00:00 (UTC), trading volume generated from Alpha-to-Alpha token pairs will no longer be counted towards Alpha Points. That trading volume will also be excluded from the Trading Competition and will not affect competition rankings.

• Reward Distribution:

  • All rewards will be calculated according to the reward distribution rules above and can be claimed in KGEN tokens by eligible users.

  • Reward tokens will be available to eligible users before 2026-09-17 13:00:00 (UTC). Eligible users must complete their claim within 14 days after the reward can be claimed. Any reward not claimed during this period will be forfeited and will not be reissued.

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

How to Participate:

1. Tap [Join] on the Binance App event page to participate in the promotion. Only trading volume generated after successfully clicking [Join] will be counted as valid trading volume for the competition.

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

3. During the Promotion Period, trade KGEN on Binance Wallet (Keyless) or Binance Alpha.

4. After the Promotion Period ends, rankings will be calculated automatically. Eligible winners can claim their rewards on the event page.

Terms & Conditions:

• These terms and conditions („Promotion Terms”) govern users’ participation in the promotion above („Promotion”). By participating in this Promotion, users agree to these Promotion Terms, as well as the following additional terms: (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 by reference into these terms and conditions. 

• In the event of any inconsistency or conflict between these Promotion Terms and other incorporated terms, the terms in these Promotion Terms shall prevail, followed by the following terms in the order of priority, and to the extent of such conflict: (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 delete or disable their Binance Wallet and/or Binance Account on the Binance Platform.

• You may interact with Third-Party Services and dApps through this Promotion. Third-Party Service providers operate independently and may have different security standards, operational practices, and regulatory compliance. Binance Wallet does not control or guarantee the performance, security, or reliability of such third parties. Users are responsible for conducting their own independent research to ensure that such Third-Party Services are suitable for them.

• Binance Wallet reserves the right to disqualify a user’s reward eligibility if Binance Wallet determines that the user has violated the Binance Wallet Terms of Use, tampered with the Binance Wallet program code, or interfered with the operation of the Binance Wallet program code with other software.

• Binance has the right at any time, in its sole discretion and absolutely, to set forth and/or change or vary these Activity Terms without prior notice, including but not limited to canceling, extending, ending, or suspending this Activity, its terms and eligibility criteria, the selection and number of winners, and the timing of any actions, and all users will be bound by such changes.

• There may be differences between the original English content and any translated versions. Please refer to the original English version for the most accurate information in the event of any discrepancy.

Thank you for your support!

Binance Team

2026-08-20

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USDC holders have a legal claim against Circle SAS as the issuer of USDC in the EU. This holder is entitled to request redemption of their USDC from Circle SAS. Redemption may be carried out at any time at par value.

Disclaimer:

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Please note: There may be differences between the original English content and its translated version(s) (which may have been generated by AI). Please refer to the original English version for the most accurate information in the event of any discrepancy.