Binance Alpha clarifies MarsCoin reward arrangements: Binance Wallet holders receive automatic distributions, while CEX users get SPCXB based on their holdings.

Official announcements from Binance Alpha clarify the reward distribution plan for MarsCoin holders, as follows: For Binance Wallet holders: Rewards will be automatically disbursed to users’ on-chain Binance Wallet addresses via Flap in line with its allocation rules. For Alpha 2.0 (CEX) holders: Since Flap’s rewards will be sent to the Binance Alpha Treasury Contract address, Binance Alpha will calculate rewards based on users’ average monthly holdings, with a daily random snapshot taken. Eligible users must maintain an average monthly holding of at least 10,000 MarsCoin. Last month’s rewards will be distributed to eligible users’ spot accounts in the form of SPCXB at the start of next month. Reward eligibility is subject to applicable products and jurisdictions, including whether users are eligible to access bStocks on Binance. The reward distribution is set by the token deployer in the token contract, leveraging infrastructure from standard token issuance platform Flap. Binance only acts as a distribution coordinator for eligible holders on its platform.