Binance Wallet has just launched the Alpha trading competition for TermMax, which is divided into two phases, each lasting 7 days, with a total prize pool of approximately $200,000 in $TMX rewards.
The distribution method is quite friendly to ordinary users. Each phase will rank participants based on the valid purchase volume of TMX, with the top 2,030 users sharing 913,500 TMX, receiving a fixed amount of 450 each.
This means that the reward amount for the first place and the 2,030th place is the same; once in the reward range, the rewards will not decrease due to a lower rank. A total of 1,827,000 TMX will be distributed over the two phases.
The ranking calculation also includes an early bird bonus:
From the first to the second day is 3 times
The third day is 2.5 times
The fourth day is 2 times
The fifth day is 1.8 times
The sixth day is 1.3 times
The seventh day is 1 time
Users who have participated in Binance's Alpha trading competition and have received rewards less than 3 times may also receive an additional 1.2 times novice trader bonus, with the specific eligibility determined by a snapshot taken three days before the start of the event, alongside a cap on the bonus amount.
The correct participation sequence is:
Create and back up the Binance non-custodial wallet
Go to the event page to register for participation: first click Join on the event page of the Binance App
Purchase TMX through Binance Wallet or Binance Alpha
Trading volume generated before registration will not be recalculated, and trades completed through third-party decentralized applications will not participate in the ranking. The event only accumulates purchase volume; sales and transaction volume generated from cross-chain activities are not counted.
TermMax itself provides on-chain fixed-rate lending. Users can determine the interest rate and term when opening a position, avoiding additional costs from sudden increases in floating rates. $TMX completed its token generation on August 25, while also listing on Binance Alpha, Kraken, Bitget, MEXC, and KuCoin, and subsequently launched perpetual contracts on Bybit.
The first phase will end at 21:00 Beijing time, Singapore time on September 8. If you're preparing to participate, trading earlier will yield a higher multiplier in the ranking calculation.
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