Binance Alpha has initiated the second round of Velvet (VELVET) airdrop rewards, allowing users with at least 242 Binance Alpha Points to claim 400 VELVET tokens. The distribution operates on a first-come, first-served basis. If the reward pool remains undistributed, the points threshold will decrease by 5 points every 5 minutes. Claiming the airdrop requires 15 Binance Alpha Points, and users must confirm their claim on the Alpha event page within 24 hours to avoid forfeiture.