Regarding the adjustment to the reward mechanism for Meme stock holdings, Binance Alpha provides the following explanation: **Binance Wallet holders** Rewards will continue to be automatically distributed to users' Binance Wallet chain addresses by Flap according to its distribution rules. Please refer to Flap's official explanation for specific rules. **Alpha 2.0 holders (CEX)** Since Flap rewards will be uniformly distributed to the Binance Alpha treasury contract address, Binance Alpha will conduct daily random snapshots to calculate token holdings and distribute rewards monthly. Rewards for eligible users from the previous month will be issued to their spot accounts at the beginning of the following month. For August holdings, **MarsCoin** and **Niulai** will still follow the previous mechanism, with corresponding rewards distributed at the beginning of September. Since Niulai was launched on Alpha 2.0 on August 18, its August holdings will be calculated based on the period from August 18 to August 31 (a total of 14 days). MarsCoin rewards will be distributed in **SPCXB** format, while Niulai rewards will be distributed in **QQQB** format. Starting in September, holdings will be calculated according to the new mechanism, with corresponding rewards issued for the first time at the beginning of October. The new mechanism is as follows: Users must hold more than **10,000 units** of a specific token on a single day for it to count as valid holdings for that day. A user's valid monthly holdings will be the sum of their daily valid holdings for the month. Monthly rewards will be distributed based on the proportion of a user's valid holdings to the total valid holdings of all eligible users for that token. Each token's holdings will be calculated separately, and holdings of different tokens will not be combined. If new tokens are added to this rule in the future, the above calculation and distribution logic will apply without further notice. Eligibility for rewards is subject to applicable product and jurisdictional restrictions, including whether users are qualified to access **bStocks** on Binance. Reward distribution is determined by the token deployer through the token contract and executed using the infrastructure of the standard token issuance platform Flap. Binance acts solely as a distribution facilitator for eligible holders within the platform. This content does not constitute an offer or solicitation for any financial product. Users in restricted jurisdictions are not eligible to participate.