Binance has recently highlighted Open Loot (OL) by integrating it into Binance Alpha, the exchange’s curated platform for Web3 projects. Users with at least 233 Binance Alpha points are eligible to claim an airdrop of 1,836 OL tokens, starting June 8, 2025, valued at $69.60 at the moment of writing this article.
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Binance has also launched a trading competition related to Open Loot, offering a substantial prize pool of 16 million OL tokens worth around $800,000, available to up to 10,000 traders on Binance Alpha. The competition incentivizes cumulative purchasing behavior, with the promotional event starting on June 8th, 2025, 06:00 (UTC) until June 22nd, 2025, 06:00 (UTC)
Ranking will take into consideration the total purchase volume of OL tokens during the promotion period.
Please find the rules of the promotional event below:
- Only trades executed through Binance Wallet (Keyless) or Binance Alpha will qualify for this promotion.
- Only cumulative purchases made during the Promotion Period will be counted. Selling will not be considered.
- No volume cap for participation.
- Transactions related to token bridging are not eligible.
How to Participate:
- Update your Binance App to the latest version and ensure that you have created a Binance Wallet (Keyless) and back it up.
- During the Promotion Period, trade OL tokens using Binance Wallet (Keyless) or Binance Alpha.
- Find the Open Loot (OL) trading link here, or search for “OL” in the search bar.
- After the Promotion Period ends, rankings will be automatically calculated. Eligible winners will receive their rewards in their Binance Alpha accounts by 2025-07-06 at 16:00:00 (UTC).
What is Open Loot?
Open Loot is a Web3 gaming distribution platform and marketplace designed to assist game developers and publishers with various aspects, including distribution, user experience (UX), payments, and compliance.
It’s worth mentioning that Open Loot is the creator of the highly successful blockchain game, Big Time.
- One-stop infrastructure support: Open Loot manages the sales of in-game items, for both fungible and non-fungible assets, through crypto, debit/credit cards, or traditional bank transfers. This arrangement eases technical challenges for developers.
- Marketplace built for gamers: Users can buy, sell, rent, or mint items, while analytics tools help developers understand user behavior.
- Token utility and rewards: The native token, $OL, provides discounts, access to premium packs, early game access, and entries into whitelists for new NFTs. A VIP program rewards active participation on the platform, and the first partner airdrop is set to involve One Tap, a first-person shooter.
Launched with a commitment to fair distribution, without early-bird investor advantages, Open Loot is attracting attention. With approximately 600 million OL in circulation and a market capitalization of just over $22 million, it ranks #790 on CoinMarketCap.
The Open Loot platforms featured quality crypto games such as Big Time, WorldShards, and Shatterpoint among others.
Open Loot continues to onboard game partners, such as Boss Fighters and Moonfrost, a free-to-play multiplayer life simulation RPG with a lo-fi vibe. This development signals a growing Web3 gaming economy that focuses on scalability, convenience, and user rewards.