#BinanceAlphaAlert

The largest cryptocurrency exchange by trading volume, Binance, has launched the Web3 Open Loot gaming marketplace on the exclusive trading platform Binance Alpha.

According to a representative of the exchange, users with 233 Binance Alpha points can claim 1836 Open Loot (OL) tokens, which are currently valued at $82.

Binance Alpha conducts token distributions for projects that are expected to perform well in the long term before their listing on the main exchange.

Binance also announced a trading competition in which 10,000 users can compete for a prize pool of 16 million OL tokens, currently valued at $800,000.

Users can trade OL tokens on Binance Wallet or Binance Alpha. Users trading with third-party decentralized applications and bridges are not eligible to participate in the competition.

Rewards will be credited to Binance Alpha accounts by July 6, 2025.

Following the announcement of the airdrop and trading competition by Binance, token #ol underwent a sudden sell-off — in the last 24 hours, OL has dropped by 15.3% to $0.044.

Currently, the prize pool of the competition amounting to 16 million OL tokens is approximately $700,000.