Binance’s Chinese-language account said Binance Alpha will adjust the reward mechanism tied to stock meme token holdings.
Under the current arrangement, rewards for Binance Wallet holders will still be automatically distributed by Flap to users’ on-chain Binance Wallet addresses according to Flap’s own distribution rules. Rewards for Alpha 2.0 holders on the CEX side will be handled by Binance Alpha, which uses daily random snapshots to count holdings for each token and allocates rewards on a monthly basis. Eligible users will receive the corresponding rewards for the previous month at the beginning of the next month in their spot accounts.
August calculations remain under the previous mechanism
Binance said MarsCoin and Niulai will still follow the previous mechanism in the August holding statistics, with the related rewards set to be distributed in early September.
For Niulai, the August calculation covers Aug. 18 through Aug. 31, or 14 days, because the token was listed on Alpha 2.0 on Aug. 18.
MarsCoin rewards will be distributed in the form of SPCXB, while Niulai rewards will be distributed in the form of QQQB.
New holding rules take effect from September
Starting in September, holdings will be counted under a new mechanism, and the first rewards under the revised rules will be distributed in early October.
Under the new method, a user must hold more than 10,000 units of a given token in a single day for that day to count as valid holdings. A user’s monthly valid holdings will equal the sum of valid holdings across each day of the month.
Monthly rewards will be distributed based on each user’s share of the total valid holdings in that token among all qualified users. Each token will be calculated separately, with no combined accounting across different tokens.
Binance added that any newly added tokens brought under this framework in the future will follow the same logic, with no separate notice to be issued.