Binance Wallet Will Run Two Nexus (NEX) Trading Competition Periods With Token Rewards

According to the announcement from Binance, Binance Wallet will launch a Nexus (NEX) trading competition on Binance Alpha, allowing eligible users to trade NEX via Binance Wallet (Keyless) or Binance Alpha during two promotion periods for token rewards. The 1st promotion period is scheduled for 2026-07-03 13:00 (UTC) to 2026-07-10 13:00 (UTC), followed by a 2nd period from 2026-07-10 13:00 (UTC) to 2026-07-17 13:00 (UTC). Participants will be ranked by total purchase volume of NEX during each promotion period, with only cumulative purchases counted and selling excluded. Binance said the top 2,000 users by purchase volume will share 40,816,320,000 NEX equally, which it calculated as 20,408,160 NEX per user. Only trades executed through Binance Wallet (Keyless) or Binance Alpha on Binance Wallet will qualify, while third-party dApp transactions and token bridging transactions are excluded. The announcement also states there is no cap on trading volume per participant. Ranking Method And Multipliers Binance said rankings will be based on total Effective Trading Volume, calculated as the sum of daily effective trading volume during the promotion period. Daily Effective Trading Volume equals Actual Trading Volume multiplied by an Early Bird Boost Multiplier, which declines by day: Day 1 is 3.0x, Day 2 is 2.5x, Day 3 is 2.0x, Day 4 is 1.8x, Day 5 is 1.5x, Day 6 is 1.3x, and Day 7 is 1.0x, applied to both promotion periods using the corresponding UTC day windows listed in the announcement. A Rising Trader Boost Multiplier of 1.2x may also apply to users who, as of three days before the start of the promotion period, have won rewards in fewer than 3 previous Binance Wallet Alpha trading competitions, subject to a Rising Trader Boost Cap. Binance also noted that effective from 2025-06-17 00:00 (UTC), trading volume from Alpha-to-Alpha token pairs will be excluded from the competition and will not affect rankings. Rewards are expected to be available before 2026-07-31 13:00:00 (UTC), with a 14-day claim window after they become claimable.