Binance Wallet to Launch TermMax (TMX) Trading Competition on Binance Alpha

According to the announcement from Binance, Binance Wallet will launch the TermMax Trading Competition on Binance Alpha, with eligible users able to trade TermMax (TMX) through Binance Wallet (Keyless) or Binance Alpha to receive token rewards. The competition is open to users who are eligible to trade Binance Alpha tokens, and rankings will be based on total TMX purchase volume during the promotion periods. The first promotion period runs from 2026-09-01 13:00 (UTC) to 2026-09-08 13:00 (UTC), while the second runs from 2026-09-08 13:00 (UTC) to 2026-09-15 13:00 (UTC). The top 2,030 users by purchase volume across each promotion period will share 913,500 TMX tokens equally, with each eligible user receiving 450 TMX. Binance said the reward structure is designed to place greater emphasis on early trading and consistent participation during the promotion period, with two multipliers introduced to shape rankings and reward distribution.Competition Rules and Ranking MethodThe announcement said the Early Bird Boost Multiplier will increase the effective trading volume of earlier trades during the promotion period, with daily effective trading volume calculated as actual trading volume multiplied by the applicable Early Bird Boost Multiplier. The multiplier schedule starts at 3.0x for the first two trading days in each promotion period, then moves to 2.5x, 2.0x, 1.8x, 1.3x, and 1.0x on later days. Binance also introduced the Rising Trader Boost Multiplier for users who, as of three days before the promotion period begins, have won rewards in fewer than 3 previous Binance Wallet Alpha trading competitions. Eligible Rising Traders receive a 1.2x boost on actual trading volume, subject to a Rising Trader Boost Cap. If both multipliers apply, effective trading volume is calculated using both the Early Bird Boost and the Rising Trader Boost, and final rankings are determined by total effective trading volume across the promotion period. Binance said only cumulative purchases count toward trading volume, selling is excluded, and there is no cap on total trading volume for each participant.