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The Sonic Chain Trading Competition on Binance Alpha is live, offering approximately $2.2 million worth of rewards. Here's a breakdown ¹:
*Competition Details*
- *Promotion Period*: May 8, 2025, 16:00 UTC to May 23, 2025, 16:00 UTC
- *Eligible Tokens*: SHADOW, BEETS, ANON, and newly launched tokens within the Sonic Chain on Binance Alpha
- *Reward Structure*: Four independent categories with rewards in SHADOW, BEETS, ANON, and S tokens
*Reward Pools*
- *SHADOW Volume Pool*: Top 13,000 users by trading volume share 22,100 SHADOW tokens (1.7 SHADOW per user)
- *BEETS Volume Pool*: Top 1,200 users by trading volume share 1,824,000 BEETS tokens (1,520 BEETS per user)
- *ANON Volume Pool*: Top 10,000 users by trading volume share 153,000 ANON tokens (15.3 ANON per user)
- *Sonic Chain Total Volume Pool*: Top 7,000 users by trading volume share 1,001,000 S tokens (143 S per user)
*How to Participate*
1. Update your Binance App to the latest version.
2. Create a Binance Wallet (Keyless) and back it up.
3. Trade SHADOW, BEETS, ANON, and other Sonic Chain tokens on Binance Alpha during the promotion period.
*Key Benefits*
- Limit orders receive 2x weighting in prize pool calculations.
- No volume caps for participants.
- Eligible winners can receive rewards from multiple trading task pools.
Sonic Market, the decentralized exchange behind this competition, offers advanced features like:
- *Fully On-Chain Order Book*: Ensures transparency and reduces reliance on intermediaries.
- *Real-Time Order Matching*: Efficient order matching with minimal latency.
- *High Throughput and Low Latency*: Rapid transaction processing and instant settlement ¹.