Binance launches Velvet trading competition, sharing rewards equivalent to $200,000

Binance will launch the Velvet (VELVET) trading competition on March 13, 2026, at 21:00, lasting until March 27, 2026, at 21:00. Participants will be ranked based on their total buy trading volume of VELVET tokens during the event, with the top 3,370 users sharing a prize pool of 1,314,300 VELVET tokens. Rewards will be distributed before April 10, 2026, at 21:00, and eligible users can claim them through Binance Alpha or the Binance wallet (without private keys).