According to the announcement from Binance, the platform is set to introduce the Pharos Trading Competition on Binance Alpha, offering participants the chance to earn exclusive token rewards. The competition will be held in two promotion periods: the first from 2026-05-20 13:00 (UTC) to 2026-05-27 13:00 (UTC), and the second from 2026-05-27 13:00 (UTC) to 2026-06-03 13:00 (UTC). Participants will be ranked based on their total purchase volume of Pharos (PROS) tokens during these periods. The top 2,460 users will share a pool of 172,200 PROS tokens, with each receiving 70 PROS.

The competition introduces an Early Bird Boost Multiplier to encourage early and consistent trading. This multiplier increases a user's base trading volume, with earlier trades receiving a higher multiplier. For example, trades made on the first day of each promotion period will have a 3x multiplier, while trades on the last day will have a 1.5x multiplier. Only trades executed via Binance Wallet (Keyless) or Binance Alpha will qualify, and only cumulative purchases will be counted. There are no volume caps, and token bridging transactions are not eligible.

Rewards will be distributed in PROS tokens and will be claimable by eligible users before 2026-06-17 13:00:00 (UTC). Users must claim their rewards within 14 days of them becoming available, or they will be forfeited. The competition excludes third-party dApp transactions and focuses solely on trading within the Binance ecosystem. Participants are encouraged to update their Binance App and ensure they have a Binance Wallet (Keyless) to participate effectively.