🔥 Binance updates the Alpha Points calculation mechanism
To encourage trading of Alpha tokens, Binance will DOUBLE the Alpha volume for the following transactions:
- Buying Alpha tokens on the BSC network.
- Purchasing with limit orders (on all networks).
⏰Effective time: starting from 01/05/2025 until further notice
Example for easy understanding:
- Market buy order $100 Alpha (non-BSC) → volume counted $100
- Market buy order $110 Alpha (BSC) → counted 110 x 2 = 220
- Limit buy order $120 Alpha (non-BSC) → counted 120 x 2 = 240
- Limit buy order $130 Alpha (BSC) → counted 130 x 2 = 260 (not cumulative to x4)
→ Total Alpha Volume: $820, corresponding to 9 Alpha Points