Binance to Launch Solstice Trading Competition with SLX Rewards

According to the announcement from Binance, the platform is set to launch the Solstice Trading Competition on Binance Alpha, offering participants the chance to earn exclusive token rewards. The competition will be held in two phases, with the first running from 2026-06-01 04:30 (UTC) to 2026-06-08 04:30 (UTC), and the second from 2026-06-08 04:30 (UTC) to 2026-06-15 04:30 (UTC). Participants will be ranked based on their total purchase volume of Solstice (SLX) tokens during these periods. The top 2,550 users will share a pool of 357,000 SLX tokens, with each receiving 140 SLX. The competition introduces two new features to enhance participation: the Early Bird Boost Multiplier and the Rising Trader Boost Multiplier. The Early Bird Boost Multiplier rewards users who trade earlier in the promotion period with a higher multiplier on their base trading volume. For example, trades made on the first day of each promotion period will receive a 4.0x multiplier, decreasing incrementally each day until the seventh day, which offers a 1.0x multiplier. The Rising Trader Boost Multiplier is designed for users who have won fewer than five previous Binance Wallet’s Alpha trading competitions. These users will receive a 1.5x Newbie Boost on their trading volume, subject to a cap. Effective Trading Volume is calculated by combining the Early Bird Boost Multiplier and the Rising Trader Boost, if applicable. The final rankings will be determined by the total Effective Trading Volume accumulated during the promotion period. Rewards will be distributed in SLX tokens and must be claimed within 14 days of becoming available, before 2026-06-29 04:30:00 (UTC). Only trades executed via Binance Wallet (Keyless) or Binance Alpha will qualify, and third-party dApp transactions are excluded.