Binance Launches MiL.k (MLK) Trading Competition on Binance Alpha

According to the announcement from Binance, the platform is set to launch the MiL.k (MLK) Trading Competition on Binance Alpha, offering users the opportunity to share exclusive token rewards. The competition will run from 2025-08-16 08:00 (UTC) to 2025-08-30 08:00 (UTC). Participants will be ranked based on their total purchase volume of MLK during this period, with the top 12,500 users sharing a total of 4,750,000 MLK tokens, equating to 380 MLK per user. Only trades executed via Binance Wallet (Keyless) or Binance Alpha will qualify, and third-party dApp transactions are excluded. The competition focuses solely on cumulative purchases, excluding selling activities. To participate, users must update their Binance App to the latest version, create a Binance Wallet (Keyless), and ensure it is backed up. Trading MLK on Binance Wallet (Keyless) or Binance Alpha during the promotion period will automatically enter users into the competition. After the promotion ends, rankings will be 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 those who tamper with program code. Binance also retains the discretion to amend or vary the competition terms without prior notice, including changes to eligibility criteria, winner selection, and timing. Binance highlights the volatility of digital asset prices, advising users to carefully consider their investment decisions. The platform is not liable for any losses incurred and encourages users to review the Binance Wallet Terms of Use and conduct their own research. Binance Alpha features emerging digital assets not listed on the Binance Exchange, which are expected to have low market capitalization and unique characteristics. Users are warned of the increased price volatility and risks associated with Alpha Assets, including price slippage and blockchain fees. Alpha Assets cannot be withdrawn from the Binance Exchange and are accessible only from the Alpha Account.