Binance to Launch AltLayer Trading Tournament with 300 BNB Prize Pool

According to the announcement from Binance, the platform is set to host an AltLayer (ALT) Trading Tournament, offering eligible participants a chance to share a total prize pool of 300 BNB in token vouchers. The tournament will run from 2026-05-20 10:00 (UTC) to 2026-05-27 10:00 (UTC). An 'Early Bird Boost' multiplier is introduced to reward users who trade earlier during the promotion period.The tournament is open to all verified new, regular, and Binance VIP users, excluding liquidity providers in the Binance Spot Liquidity Provider Program and Binance Brokers. Eligible trading pairs for the tournament include ALT/USDT and ALT/USDC. Participants will benefit from the Early Bird Boost Multiplier, which decreases over time, incentivizing earlier trades with higher multipliers. The effective trading volume is calculated by multiplying the actual daily trading volume by the Early Bird Boost Multiplier.Participants must achieve a minimum total effective trading volume of 500 USD equivalent in the eligible pairs during the promotion period to qualify for rewards. The reward structure is based on cumulative trading volume, with the top participant receiving 15 BNB. Subsequent rewards are distributed among participants ranked up to 1,000th place, with specific BNB allocations for each tier. Token vouchers will be distributed by 2026-06-10 and must be redeemed within 21 days.The trading volume of zero-fee trading pairs and transaction fees are excluded from the final volume calculation. The leaderboard, updated daily, will display the total effective trading volume. Binance reserves the right to disqualify participants involved in dishonest activities or those who tamper with the program code. The tournament's commencement is contingent upon the successful listing of the relevant token on Binance Spot.