Aleo (ALEO) Goes Live on Binance Alpha: Airdrop and Trading Competition Details

Key Takeaways:

• Aleo (ALEO), a privacy-focused layer-1 blockchain project, is now live on the Binance Alpha platform.
• Eligible Binance Alpha users holding at least 200 points can claim an exclusive airdrop of 165 ALEO tokens.
• Binance is running a two-week trading competition starting on September 14 with a prize pool of 1,499,850 ALEO tokens.

Aleo (ALEO), a privacy-first blockchain that leverages zero-knowledge proofs (ZKPs) to enable fully private applications, is now live on Binance Alpha. The launch is accompanied by an exclusive ALEO airdrop campaign and trading competition.

In this article, we will explain how you can participate in the Binance Alpha airdrop and trading competition, as well as what Aleo is all about.

Aleo (ALEO) Airdrop Details

• Project Name: Aleo
• Token Ticker: $ALEO
• Airdrop Date: September 14
• Airdrop Reward: 165 $ALEO
• Platform: Binance Alpha
• Eligibility Requirements: 200 Alpha Points (APs)

How To Claim the $ALEO Airdrop

If you have 200 APs, then you qualify to claim the $ALEO airdrop. To do this, go to the Alpha Event page, locate the Aleo campaign, and apply. You’ll need to pay a claim cost of 15 APs to receive $ALEO. 

The claim cost will be deducted from your account, but the eligibility requirement won’t. After the campaign, you’ll receive 165 ALEO tokens. The event is on a first-come, first-served basis and will be distributed directly to the Binance Alpha accounts of users who apply after the conclusion.

Aleo (ALEO) Trading Competition

In addition to the Alpha airdrop, Binance is hosting an $ALEO trading competition.

• Competition Duration: September 14, 07:00 (UTC) to September 28, 07:00 (UTC). 
• Reward Pool: 1,499,850 ALEO tokens to be divided equally among the top 4,545 traders during the Promotion Period. Each trader will receive 330 ALEO tokens.
• Criteria: Only trades executed on ​​Binance Wallet (Keyless)​​ and ​​Binance Alpha​​ will be counted as eligible. Only cumulative purchases are applicable in the campaign. Selling is excluded. The trading volume of each participant in this promotion is not capped. This promotion does not apply to transactions involving the bridging of tokens.

How To Participate in the $ALEO Trading Competition

To participate in the two-week ALEO trading competition, do the following.

• Install the newest version of the Binance App, create a Binance Wallet (Keyless), and make sure it is backed up.
• Trade ALEO on Binance Alpha (Keyless) or Binance Wallet (Keyless) during the Promotion Period.
• Rankings will be automatically computed after the Promotion Period. 
• The winners will be allowed to claim their rewards on the Alpha event page after the trading period. The tokens will be distributed directly to their Binance Alpha accounts or Binance Wallet.

About Aleo

Aleo is an innovative Layer 1 blockchain-based project that makes privacy-first programmable and compliant payments. The project intends to leverage the full economic potential of blockchain technology via zero-knowledge cryptography.

In contrast to most blockchains, which share user transaction information by default, Aleo has been built to ensure user privacy to the fullest extent and support decentralized applications in alignment with the requirements of rigorous regulatory compliance.

Fundamentally, the concept of Aleo allows the use of the most developed zero-knowledge proofs to authenticate transactions or calculations without indirect disclosure of sensitive information. This new technology enables users and organizations to authenticate transactions within the blockchain without revealing the actual data.

This solution is a balance of privacy and compliance, and that is why Aleo is in a unique position to work with enterprise clients who need privacy and regulatory auditing features at the same time. Because of this, Aleo has garnered endorsements from the likes of a16z Crypto and James Rathmell from Haun Ventures, who highlight Aleo’s potential to bridge the privacy-compliance gap.