The Victory Crate is a new Crate that has a chance to reward powerful high-tier items, so even if you do not place in the top ranks, you may have a chance to receive a top reward when an event is over!
The Victory Crate is only able to be opened using Victory Crate Tokens. These Tokens will be given out as part of the rewards for certain events. These Tokens can be redeemed on the Victory Crate, which gives you a single randomly-selected, exclusive event reward.