Binance launches PEAQ Trading Competition with $900K prize pool
Binance opens $900K PEAQ trading competition
Binance has announced the launch of a new PEAQ trading competition through its Binance Wallet and Binance Alpha.
Running until July 26, the competition features a prize pool of 10,505,000 PEAQ tokens, worth approximately $900,000 at current market rates. The event aims to drive user adoption of PEAQ — a token associated with decentralized physical infrastructure networks (DePINs).
This campaign underscores Binance’s continued efforts to promote next-generation Web3 trading solutions, offering users a chance to win by simply increasing their cumulative purchase volume of PEAQ tokens during the promotional window.
How the competition works
Registered users must update their Binance app, activate and back up a Binance Wallet (Keyless).
1. Register on Binance
2. Create a Binance Wallet.
3. Trade PEAQ tokens via either Binance Wallet or Binance Alpha. Only purchases made during the promotion will count — sales and third-party dApp trades are excluded.
Participants will be ranked based on total purchase volume, and the top 11,000 users will receive an equal share of the prize pool: 955 PEAQ tokens per user. There is no trading volume cap, and bridging transactions or Alpha-to-Alpha token trades will not count toward the ranking.
Rewards will be distributed to winners’ Binance Alpha accounts by August 9, 16:00 UTC.
A strategic push to drive Web3 engagement
Binance’s latest initiative strengthens its foothold in the evolving Web3 trading ecosystem, highlighting its push toward keyless wallets and seamless DeFi experiences. The competition not only incentivizes trading but also familiarizes users with Binance’s expanding Web3 infrastructure.
We also informed Binance to suspend VANA withdrawals ahead of hard fork.
