The Binance Alpha $1.7M Reward refers to a trading competition on the Binance Alpha platform, specifically involving the SUI Chain, as announced in mid-May 2025. Here are the key updates based on available information:
Event Overview: Binance Alpha launched a SUI Chain Trading Competition with a total reward pool of $1.7 million. The event encourages trading of the $SCA token on Binance Alpha, running from May 16, 2025, at 16:00 UTC to May 30, 2025, at 16:00 UTC.
Reward Structure:
SCA Trading Volume Pool: 1,248,000 $SCA tokens are allocated for the top 3,000 users based on their trading volume of $SCA during the event period.
Additional Rewards: 60,000 $SUI tokens are also part of the reward distribution, though specific allocation details for these tokens were not fully outlined in the posts.
Participation: Users can participate by trading $SCA on Binance Alpha. The competition aims to boost engagement with the Binance Alpha platform, which focuses on early-stage Web3 projects and offers opportunities for token airdrops and pre-listing trading.
Context on Binance Alpha: Binance Alpha is a platform within Binance Wallet that highlights promising early-stage crypto projects. It uses an Alpha Points system to reward user engagement, which can qualify participants for airdrops and exclusive trading opportunities. The SUI competition is part of Binance Alpha’s strategy to drive activity, following other similar events like a BNB Smart Chain Trading Competition with a $3.5M reward pool.
