Binance Launches Lorenzo Protocol Trading Competition with BANK Token Rewards

According to the announcement from Binance, the platform is set to launch the Lorenzo Protocol Trading Competition on Binance Alpha, offering participants the opportunity to earn BANK token rewards. The competition will run from 2025-10-30 12:00 (UTC) to 2025-11-13 12:00 (UTC). During this period, users can trade Lorenzo Protocol (BANK) through their Binance Wallet (Keyless) or via Binance Alpha to qualify for exclusive token rewards. Participants will be ranked based on their total purchase volume of BANK tokens during the promotion period, with the top 8,300 users sharing a total of 5,893,000 BANK tokens equally, amounting to 710 BANK per user. Eligibility for participation requires users to trade BANK tokens exclusively through Binance Wallet (Keyless) or Binance Alpha, as third-party dApp transactions are excluded. Only cumulative purchases will be considered, and selling is not included in the competition. There is no cap on trading volume for participants, and transactions related to token bridging are not eligible. To participate, users must update their Binance App to the latest version, create a Binance Wallet (Keyless), and ensure it is backed up. After the promotion period ends, rankings will be automatically calculated, and eligible winners can claim their rewards on the event page. Binance emphasizes that only users from qualified regions who complete account verification (KYC) and hold an active Binance Wallet are eligible. The platform reserves the right to disqualify users involved in dishonest behavior or tampering with program code. Binance may amend or vary the activity terms without prior notice, including canceling or extending the competition. Users are advised to review the Terms of Use and Risk Warning, as digital asset prices can be volatile, and investments may result in losses. Binance Alpha features emerging digital assets with unique characteristics, and their inclusion does not imply future listing on Binance Exchange.