The wait is over, and the opportunity is massive. Binance Wallet has officially launched the Velo (VELO) VELO Trading Competition on Binance Alphaâgiving traders a shot at sharing 76,250,000 VELO tokens (roughly $1 million in rewards)!
If you're a VELO supporter or looking to dive into the world of Alpha assets, this is your moment. Here's everything you need to know to participate and maximize your rewards.
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đ Promotion Period
Start: June 16, 2025, at 07:00 (UTC)
End: June 30, 2025, at 07:00 (UTC)
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đ„ How It Works
Participants will be ranked based on their total VELO purchase volume during the promotion period. The top 12,500 users will each receive 6,100 VELO tokensâregardless of how much theyâve traded. Thatâs right, itâs an equal-share model for the top performers!
â Participation Checklist
1. Update your Binance app to the latest version.
2. Create and back up your Binance Wallet (Keyless) if you havenât already.
3. Start trading VELO via Binance Wallet (Keyless) or Binance Alpha during the Promotion Period.
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đ Important Rules
Only purchases of VELO are countedâsales do not qualify.
No cap on volumeâtrade as much as you like.
Only trades made via Binance Wallet (Keyless) or Binance Alpha are eligible.
Third-party dApp trades and token bridging are excluded.
Rewards will be distributed before July 14, 2025, at 16:00 (UTC).
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đ Reward Distribution
All qualifying users will receive VELO directly in their Binance Alpha accounts. Youâll be able to view your rewards in your Binance Wallet (Keyless) or Alpha Account after distribution.
But remember:
Binance reserves the right to disqualify any user engaging in dishonest practices such as wash trading, botting, or manipulation.
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đĄïž Terms & Risk Notice
Participation in this event is governed by Binanceâs Activity Terms, Terms of Use, and Privacy Policy. Only KYC-verified users in eligible regions with active Binance Wallets can claim rewards.
Also, keep in mind:
Alpha assets like VELO are newer, often have low market caps, and come with higher volatility and risk.
VELO is part of Binance Alpha, which means itâs not listed on the main Binance Exchange yet.
Alpha Assets cannot be withdrawn to external walletsâtheyâre accessible only via Alpha Accounts.
Make sure to do your own research before investing. Digital assets can fluctuate, and you may not recover the amount you invest.
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Final Thoughts
This Velo Trading Competition is more than just a chance to earn free tokensâitâs a door into the emerging world of Alpha Assets, where early adopters often find opportunity.
So, are you ready to trade VELO and compete for your share of the $1M rewards pool? Let the trading begin!