Recently, Binance launched Binance Alpha Points, a points system used to measure user activity performance within the Binance Wallet ecosystem. The higher the points, the more qualified users are to participate in TGE events or Alpha airdrops. Are Alpha Points really worth it? How to effectively increase Alpha Points? How to boost trading volume at low cost? This article will clarify everything for you.
What are Binance Alpha Points?
Alpha Points are a points system used to measure user activity performance within the Binance Wallet ecosystem. Users can enter 'Alpha Points' in the search bar to check their score. Points are calculated from 8:00 AM to the next day's 8:00 AM (all in Taiwan time) and are updated by 2:00 PM that day. Alpha Points are based on the cumulative total of daily balance points and trading volume points over the past 15 days.
How are balance points calculated?
Total asset balance includes all asset accounts within the Binance exchange and token assets in the Binance Wallet.
100 USD to 1,000 USD = 1 point per day
1,000 USD to 10,000 USD = 2 points per day
10,000 USD to 100,000 USD = 3 points per day
100,000 USD and above = 4 points per day
As seen, the maximum balance points are 4 points per day, which is only the basic score.
How are trading volume points calculated?
Trading volume points are based on the total asset trading volume of purchasing Alpha tokens on the Binance exchange and Binance non-custodial wallet:
2 USD → 1 point
4 USD → 2 points
8 USD → 3 points
16 USD → 4 points
32 USD → 5 points
64 USD → 6 points
128 USD → 7 points
256 USD → 8 points
512 USD → 9 points
1024 USD → 10 points
And continue to increase in multiples of 2.
How to effectively increase Alpha Points?
For Binance's TGE event today, MilkyWay, Alpha Points must reach a threshold of 75 points to participate. Even accounts with total asset balances above 100,000 USD (guaranteed 60 points) cannot automatically receive airdrops. This shows that the purpose of Binance's event is to increase trading volume. So how can one effectively boost trading volume to participate in future events?
If participating in TGE with a limit of 3 $BNB each time, equivalent to about 1,800 USD, the daily balance points are 2, and on the 15th, it will be 30 points.
Daily trading of 16 USD: Trading points 4×15=60, total points 90
Daily trading of 32 USD: Trading points 5×15=75, total points 105
Daily trading of 64 USD: Trading points 6×15=90, total points 120
Daily trading of 128 USD: Trading points 7×15=105, total points 135
Continuing in this manner, with Binance continuously raising the threshold for Alpha Points, the next event requirements will surely be stricter. Because Alpha Points are calculated from the previous 15 days, users who fell behind in points can only increase their overall points by trading more in recent days.
How to boost trading volume at low cost? Are Alpha Points worth it?
To accumulate points, users have to trade in the highly volatile meme coin market.
As for how to avoid slippage and excessive costs from buy-sell spreads during trading, it is recommended to open Alpha and select tokens with higher liquidity and less price volatility based on market cap and trading volume, and set appropriate slippage settings during trading. Through my testing, choosing BNB Chain to exchange $BNB for Alpha tokens not only incurs no fees but also has comparatively lower costs. However, users are advised to pay more attention to comparisons during actual trading.
After launching TGE in the afternoon today, Binance Wallet also airdropped $HAEDAL to users with Alpha Points reaching above 80 at 8 PM. Based on a price of 0.13 before the deadline, the airdrop of 356 $HAEDAL equals to a red envelope of 46 USD.
Additionally, Binance announced tonight that the TGE game will continue tomorrow. Such intensive marketing activities are designed to force users to keep boosting volume. As for whether the points are worth boosting, that depends on each user's decision!
This article is authorized to be reproduced from: (Chain News)
'What are Binance Alpha Points? How to efficiently earn points and seize TGE and airdrop opportunities?' This article was first published on 'Crypto City'
