Binance Launches Alpha IRYS Trading Competition with $100,000 in Rewards

Binance announced on X the commencement of the Alpha IRYS trading competition, offering participants a chance to share in rewards valued at $100,000. To be eligible, users must trade IRYS on the Binance Alpha platform and click the 'Participate' button on the app's event page. Only transactions made after successful registration will be counted towards the competition's valid trading volume. The competition introduces a new mechanism for emerging traders, allowing qualified Alpha competition participants to unlock a 2.0x trading volume multiplier. Detailed rules regarding this mechanism can be found in the event announcement. Additionally, an early bird multiplier is introduced, where the earlier the trading begins, the higher the multiplier. Transactions made on the first day will benefit from a 3.0x multiplier. The competition will consider the cumulative purchase volume of users during the event period, with sales not included in the calculation. Participants are encouraged to maximize their trading activity to take advantage of these multipliers and increase their chances of winning a portion of the $100,000 reward pool.