Binance Launches 16 Million OL Token Giveaway in New Trading Competition
Binance has announced the launch of its Open Loot (OL) Trading Competition, set to run from June 8 to June 22, 2025 on Binance Alpha.
The event offers a total reward pool of 16,000,000 OL tokens, exclusively for participants who trade using their Binance Wallet (Keyless) or directly through Binance Alpha.
Users will be ranked by total OL purchase volume during the promotion period. The top 10,000 traders will each receive 1,600 OL tokens, with no cap on trading volume.
How to Participate and What to Know
To join the competition, participants must:
- Update to the latest Binance App
- Set up and back up a Binance Wallet (Keyless)
- Be from a qualified region and complete KYC verification
Only trades executed via Binance Wallet or Binance Alpha will count. Third-party dApp trades, token sales, and bridging transactions are excluded. The focus is on cumulative purchases only.
Winners will receive their token rewards by July 6, 2025, directly into their Binance Alpha accounts.
Rules and Risk Disclosure
Binance warns that users engaging in dishonest practices or code manipulation will be disqualified. The platform also reserves the right to modify rules without notice.
Participants are encouraged to read the Binance Wallet Terms of Use and conduct their own due diligence before entering.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
