Binance Opens GWEI Trading Competition with $200K Token Pool

Binance has kicked off a trading competition for ETHGas (GWEI) on its Alpha platform, dangling a 7.52 million token reward pool across two promotional periods running through late February.

The competition, which began February 10, splits into two identical phases. Each period awards the top 2,000 participants by purchase volume an equal share of 3,760,000 GWEI tokens—working out to 1,880 GWEI per qualifying trader.

How the Competition Works

The rules are straightforward but come with catches. Only purchases count toward volume rankings; selling GWEI won't boost your standing. More importantly, trades must execute through Binance Wallet (Keyless) or directly on Binance Alpha. Third-party dApp transactions and token bridging don't qualify.

Traders need to actively click 'Join' on the Binance App event page before trading—a step that's easy to miss. The first period runs until February 17 at 13:00 UTC, with the second phase extending to February 24.

Winners have until March 10 to claim rewards, with a 14-day window that closes the door on latecomers.

Bigger Picture for GWEI

The competition arrives alongside Binance adding ETHGas to its listing roadmap, suggesting the exchange sees longer-term potential in the token beyond promotional activity. For traders, that roadmap inclusion matters more than the competition itself—it signals potential liquidity improvements ahead.

During an AMA session coinciding with the announcement, Binance founder Changpeng Zhao noted the platform has crossed 300 million users globally, framing the milestone as evidence of sustained trust despite regulatory headwinds the exchange has faced.

What Traders Should Know

The math here is simple: you're competing against potentially thousands of traders for a fixed token allocation. Unless you're planning significant volume, the odds of cracking the top 2,000 depend heavily on overall participation levels—data Binance doesn't publish mid-competition.

For those already trading GWEI or planning to, the competition offers upside with no additional cost. For everyone else, the listing roadmap news probably carries more weight for any position-building decisions.