Binance to Launch Spark (SPK) Trading Tournament with 8 Million SPK Prize Pool

According to the announcement from Binance, the platform is set to launch a Spark (SPK) Trading Tournament, offering eligible users a chance to share a total prize pool of 8,000,000 SPK in token vouchers. The tournament will run from 2026-05-12 10:00 (UTC) to 2026-05-26 10:00 (UTC). An 'Early Bird Boost' multiplier will be introduced to reward users who trade earlier in the promotion period. The eligible trading pairs for this tournament are SPK/USDT and SPK/USDC. Participants must be verified new, regular, or VIP users, while liquidity providers in the Binance Spot Liquidity Provider Program and Binance Brokers are excluded. The Early Bird Boost Multiplier is designed to enhance trading volume based on the timing of trades. The multiplier starts at 2x from 2026-05-12 to 2026-05-14 and gradually decreases to 1x by the end of the promotion period. The total trading volume for the competition is calculated as the sum of the Daily Effective Trading Volume, which is the actual daily trading volume multiplied by the Early Bird Boost Multiplier. To qualify for rewards, participants must achieve a total effective trading volume of at least 500 USD equivalent in the eligible pairs during the promotion period. The reward structure is based on cumulative trading volume rankings. The top participant will receive 400,000 SPK, while the second and third places will receive 320,000 SPK and 240,000 SPK, respectively. Participants ranked from 6th to 20th will share 720,000 SPK equally, and those from 21st to 50th will share 640,000 SPK. The remaining eligible participants will share 3,200,000 SPK, capped at 200 SPK per user. Token vouchers will be distributed by 2026-06-09 and must be redeemed within 21 days. Binance reserves the right to disqualify users involved in dishonest behavior or who tamper with the program code.