The new Event Rush feature from Binance Wallet launched Monday, is the latest innovation in tokenized real-world experiences enabled by onchain assets. These experience-based trades will exist as smart contracts, all powered by the 42 Space protocol on BNB Chain, allowing participants to trade based on a variety of outcomes (including sports results, crypto price targets, and major news events) and generate profit from each transaction.
How Event Rush works
Each event has a set of possible results, and each result has its own Event Token. To participate, users buy tokens for the outcome they want to trade using USDT on BSC. The earlier you buy, the more shares you receive for the same amount. Once you hold a token, you have two options:
- Sell before the event ends: Token prices move up or down based on demand via a bonding curve. Traders can exit (leave their positions) at any time to take profit without waiting for the final outcome.
- Hold to settlement: If your outcome is correct, you claim a share of the entire prize pool proportional to your holdings. There is no upside cap; the bigger the losing side, the bigger the potential win. If your outcome is wrong, the token goes to zero.
Event Rush key features
- Uncapped upside: Winners split the full pool; no fixed payout limits.
- Demand-driven pricing: Bonding curve ensures a price always exists; no liquidity gaps on niche events.
- Continuous trading: Enter and exit positions anytime before the event ends.
- Wide event coverage: Sports, crypto price targets, news outcomes, and more, with user-created markets expected.
How to get started
On the Binance Wallet, navigate to the new [Events] tab, then browse available events, choose an “Event Token,” and open a position/buy using USDT on BSC. If you are among the winners, you will be able to directly collect your reward(s) in USDT from the Events page.
Associated risks
Take into account that a Service Fee applies to every buy and sell. Also, remember that a Redeem Tax (dynamic exit fee) is higher when selling close to the event end date. For instance, Event Rush is a high risk speculative activity: token prices are volatile, and even correctly predicting the outcome does not guarantee a profit, meaning returns depend on entry price, pool size, and number of winners.
Binance Wallet is not the market counterparty; the feature is powered by 42 Space, a third-party decentralized protocol, also described as “eventcoins”: from real-world events to liquid assets, backed, at the same time, by Yzi Labs, Dragonfly, Coinbase Ventures, Castle Island Ventures, 1kx Capital, and Enlight Capital.