Binance Alpha Points System, what is Binance's real motivation?

➤ Increase the threshold for getting rewards

The Alpha Points System first increases the threshold for getting rewards. The threshold for this issue of the Binance Wallet TGE event is 45 points.

In the last 15 days, if the total assets in the Binance ecosystem (Binance exchange or non-custodial wallet or alpha) exceed $10,000, users earn 3 points per day, reaching exactly 45 points in 15 days.

If the asset amount is insufficient, then users need to have enough trading volume.

However, clearly, the threshold will keep rising, which is not difficult for ordinary users to increase trading volume.

But for users holding multiple accounts like "Seven Aunts", "Eight Uncles", "College Students"... diversifying assets and trading daily can be a bit cumbersome.

So the points system may be relatively friendly to real users.

➤ Provide data for listing coins on Binance

Some say this points system turns users into Binance's data.

However, in the Binance CEX, Binance already has user data, including asset scale and trading behavior data!

In the Alpha Points system, the points for holding assets are powers of 10, while the points for trading alpha assets are powers of 2.

Holding $100 and trading $2 earn the same points,

Holding $1,000 and trading $4 earn the same points,

...

Holding $100 million and trading $256 earn the same points...

Clearly, what is wanted is alpha trading data.

Alpha is not just a listing of some alpha coins, but also includes coins in the observation area that may possibly go live on the Binance exchange in the future.

Binance can use alpha trading data to understand which coins have larger trading volumes and which coins have larger holdings.

Some alpha coins have already been listed for contract trading on Binance, and the alpha trading data, combined with contract trading data, provides a basis for analysis of spot coin listings on Binance.

➤ In conclusion

As a preparatory coin for listing on the major Binance trading platform, it may also be worth considering holding some Alpha coins.

Alpha may represent an optimal state: anticipated to be listed on Binance but not yet available.

First, reduce daily buying and selling fees and trading losses.

Second, the Binance Wallet TGE airdrop, especially the Binance Alpha airdrop, may have a threshold for holding Alpha in the future.

Third, if the right coins are chosen, there may be greater premiums when they go live on Binance.