Binance Wallet is hosting a Subsquid (SQD) trading competition where participants can share in about $1M worth of rewards. Here's a breakdown of the key details:
Competition Period:
* Start: June 2, 2025, 13:00 (UTC)
* End: June 16, 2025, 13:00 (UTC)
How to Participate:
* Update Binance App: Ensure your Binance App is updated to the latest version.
* Binance Wallet (Keyless): Create and back up a Binance Wallet (Keyless).
* Trade SQD: During the promotion period, trade SQD via your Binance Wallet (Keyless) or Binance $ALPHA Alpha.
Important Rules:
* Qualifying Trades: Only trades executed through Binance Wallet (Keyless) or Binance Alpha will count. Third-party dApp transactions are excluded.
* Cumulative Purchases: Only cumulative purchases of SQD tokens will qualify. Selling is excluded.
* No Volume Caps: There is no cap on the trading volume for each participant.
* Bridging Tokens: $BTC Transactions related to bridging tokens are not eligible.
* Eligibility: Users from qualified regions who complete account verification (KYC) and hold an active Binance Wallet are eligible. Rewards will not be distributed to users who delete or deactivate their Binance Wallets.
Rewards:
* Prize Pool: The top 13,000 users by purchase volume of SQD tokens will share 4,420,000 SQD tokens equally.
* Individual Reward: Each of the top 13,000 eligible users will receive $BTC 340 SQD tokens.
* Distribution: Rewards will be distributed in SQD tokens to eligible winners' Binance Alpha accounts or Binance Wallet (Keyless) before June 30, 2025, 16:00 (UTC). Rankings will be automatically calculated after the promotion period ends.
For more detailed information, please refer to the official Binance announcement.
