According to CoinMeta, Binance has announced the launch of a trading competition called CAP, with a total prize pool of $200,000. Users need to click "Join" on the Binance APP event page to participate, and only the trading volume purchased will be counted towards the statistics. The event includes a 1.2x trading volume bonus on Rising Trader Boost and an additional bonus for early traders; traders on the first day can enjoy a 2.0x bonus.