Binance Launches Airdrop and Trading Competition for Open Loot Tokens
Binance announced the inclusion of Open Loot (OL) on its Binance Alpha platform, a space for early-stage tokens. Users with 233 Binance Alpha points can claim an airdrop of 1,836 OL tokens starting at 06:00 UTC on June 8, 2025, costing 15 points.
Key Points
- Binance features Open Loot on Binance Alpha.
- Airdrop available for eligible users, valued at $82.
- Binance is hosting a trading competition with a prize pool of 16 million OL tokens, approximately $800,000.
- Only purchases contribute to ranking; selling does not affect standings.
- Rewards will be credited by July 6, 2025.
- OL token price dropped 15.3% following the announcements, currently at $0.044.
The competition's prize pool is now valued around $700,000.