Besides Collect, there’s another trading competition underway on Binance Alpha, with $LAB up for grabs. I just checked the November 12 announcement, and the first round is already on its fourth day.
To participate, buy $LAB in Binance Wallet (keyless) or Alpha. Rankings are based on purchase volume; selling doesn’t count. You also need to click “Register” on the event page first—only purchases made after registering count. The first round runs from November 12 at 21:00 to November 19 at 21:00 (Asia/Shanghai). The second round starts on November 19 at 21:00 and runs through November 26 at 21:00. Each round has its own rankings, with the top 2,000 participants splitting 2.57 million tokens, or 1,285 tokens each. Rewards will be distributed by December 10 at 21:00, and you must claim them yourself within 14 days or they’ll expire.
The early-bird multiplier enters its fourth day tonight at 21:00, and it’s still 1.8x until tomorrow at 21:00. Tomorrow it drops to 1.5x, then to 1.3x, and on the final day it’s just 1.0x. There’s also a 1.2x “Rising Trader” multiplier: it’s available to people who had a snapshot taken during the three days before the event started and have won fewer than three past Alpha competitions. There’s a cap, though—once it’s used up, it’s gone. The two multipliers can stack, but the Rising Trader bonus isn’t unlimited.
The headline says rewards worth $200,000 will be shared. $LAB isn’t listed on Binance Spot. I just checked the current price, which is about $0.032, down around 7.8% in 24 hours. At that price, 1,285 tokens are worth a little over $40, and 2.57 million tokens in total are worth about $83,000—nowhere near the $200,000 in the headline. The reward is a fixed 1,285 tokens, but securing a spot means spending real money, and the cost of buying in could easily exceed those forty-odd dollars. With the multiplier dropping tomorrow, the same amount of money will get you less effective volume.
So don’t treat this as a guaranteed-profit airdrop. If you want to compete, register first, then work out exactly how much you’re willing to spend. Don’t focus only on the $200,000 headline.
Official announcement:
https://www.binance.com/zh-CN/support/announcement/0b9fd090904a41e2800da18af924b376
To participate, buy $LAB in Binance Wallet (keyless) or Alpha. Rankings are based on purchase volume; selling doesn’t count. You also need to click “Register” on the event page first—only purchases made after registering count. The first round runs from November 12 at 21:00 to November 19 at 21:00 (Asia/Shanghai). The second round starts on November 19 at 21:00 and runs through November 26 at 21:00. Each round has its own rankings, with the top 2,000 participants splitting 2.57 million tokens, or 1,285 tokens each. Rewards will be distributed by December 10 at 21:00, and you must claim them yourself within 14 days or they’ll expire.
The early-bird multiplier enters its fourth day tonight at 21:00, and it’s still 1.8x until tomorrow at 21:00. Tomorrow it drops to 1.5x, then to 1.3x, and on the final day it’s just 1.0x. There’s also a 1.2x “Rising Trader” multiplier: it’s available to people who had a snapshot taken during the three days before the event started and have won fewer than three past Alpha competitions. There’s a cap, though—once it’s used up, it’s gone. The two multipliers can stack, but the Rising Trader bonus isn’t unlimited.
The headline says rewards worth $200,000 will be shared. $LAB isn’t listed on Binance Spot. I just checked the current price, which is about $0.032, down around 7.8% in 24 hours. At that price, 1,285 tokens are worth a little over $40, and 2.57 million tokens in total are worth about $83,000—nowhere near the $200,000 in the headline. The reward is a fixed 1,285 tokens, but securing a spot means spending real money, and the cost of buying in could easily exceed those forty-odd dollars. With the multiplier dropping tomorrow, the same amount of money will get you less effective volume.
So don’t treat this as a guaranteed-profit airdrop. If you want to compete, register first, then work out exactly how much you’re willing to spend. Don’t focus only on the $200,000 headline.
Official announcement:
https://www.binance.com/zh-CN/support/announcement/0b9fd090904a41e2800da18af924b376