According to the announcement from Binance, Binance Wallet will launch the COAI Trading Competition on Binance Alpha, with eligible users able to trade ChainOpera AI (COAI) in Binance Wallet (Keyless) or via Binance Alpha to receive token rewards. The competition is open to any user eligible to trade Binance Alpha tokens, and rankings will be based on total COAI purchase volume during the promotion periods. The top 2,000 users by purchase volume will share 324,000 COAI tokens equally, with each user receiving 162 COAI. The first promotion period runs from 2026-09-24 13:00 (UTC) to 2026-10-01 13:00 (UTC), and the second runs from 2026-10-01 13:00 (UTC) to 2026-10-08 13:00 (UTC). Binance said the competition is designed around effective trading volume, which combines actual trading volume with boost multipliers tied to trading timing and user eligibility.

Competition Rules and Boost Multipliers

The announcement said the Early Bird Boost Multiplier will give higher weight to earlier trades during the promotion period, with daily effective trading volume calculated by multiplying actual trading volume by the applicable Early Bird Boost Multiplier. The multiplier schedule starts at 2.0x for the first two trading days of each promotion period, then moves to 1.8x for the next two days, 1.5x for the following day, 1.3x for the next day, and 1.0x for the final day. Binance also introduced the Rising Trader Boost Multiplier for users who, as of three days before the promotion period begins, have won rewards in fewer than 3 previous Binance Wallet Alpha trading competitions. Eligible Rising Traders will receive a 1.2x boost on actual trading volume, subject to a cap. If both boosts apply, effective trading volume will be calculated using both the Early Bird Boost and the remaining Rising Trader Boost Cap. Binance said only cumulative purchases count toward trading volume, selling is excluded, and only trades executed via Binance Wallet (Keyless) or Binance Alpha on Binance Wallet qualify. Token bridging transactions and third-party dApp transactions are excluded. Rewards will be claimable in COAI tokens by eligible users before 2026-10-22 13:00:00 (UTC), and claims must be completed within 14 days after rewards become claimable.