Binance Wallet to Run Two Solstice (SLX) Trading Competition Rounds With 185,400 SLX in Rewards

According to the announcement from Binance, Binance Wallet will launch a Solstice (SLX) trading competition on Binance Alpha, allowing eligible users who can trade Binance Alpha tokens to participate through Binance Wallet (Keyless) or via Binance Alpha. The competition is split into two promotion periods: the 1st SLX Trading Competition Promotion Period runs from 2026-06-30 13:00 (UTC) to 2026-07-07 13:00 (UTC), and the 2nd SLX Trading Competition Promotion Period runs from 2026-07-07 13:00 (UTC) to 2026-07-14 13:00 (UTC). Participants will be ranked by total purchase volume of SLX during each promotion period, with selling excluded from volume calculations. The top 2,060 users by purchase volume will share 185,400 SLX equally, which Binance said equals 90 SLX per user. Only trades executed via Binance Wallet (Keyless) or Binance Alpha on Binance Wallet will qualify, while third-party dApp transactions and token bridging transactions are excluded. Early Bird and Rising Trader Multipliers: Binance said rankings will be based on total Effective Trading Volume, calculated from daily effective volume across the promotion period. Daily Effective Trading Volume equals Actual Trading Volume multiplied by an Early Bird Boost Multiplier that declines by trading day: Day 1 is 2.5x, Day 2 is 2.2x, 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 the corresponding UTC windows in each promotion period. 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. If both apply, Effective Trading Volume is calculated as Actual Trading Volume multiplied by the Early Bird multiplier, plus the lesser of Actual Trading Volume or the remaining cap multiplied by 1.2x. Binance said token rewards will be made available before 2026-07-28 13:00:00 (UTC), and eligible users must claim within 14 days after rewards become claimable.