$BNB #币安Alpha上新 #币安HODLer空投STO

The reason why BNB hasn't increased recently is well known: Alpha's initial offerings and airdrops haven't empowered BNB.

So why not empower it? As long as they want to empower Binance, they can do so at any time. The reasons I think are as follows:

1. The market value of Alpha tokens is currently much smaller and has shrunk significantly compared to before. If they empower BNB holders, it would only yield minimal benefits, which are insignificant for large holders.

2. In addition to BNB holders, exchanges also need new users or active Alpha users. Leaving these opportunities for new users and active small retail investors is relatively important in the current stagnant market with insufficient new additions. However, attracting genuine active users rather than studios is a matter of strategy and technical aspects.

3. BNB now needs to find new growth points. If it solely relies on various forms of airdrops for empowerment, once the market is down or the competitiveness of exchanges declines, the revenue from this aspect will drop sharply (which is why they are giving this part of the revenue to active retail investors instead of BNB holders. After all, the core business of the exchange is still trading rather than passive BNB holders).

Moreover, as the price of BNB continues to rise, the unit revenue will definitely decrease. Raising the price also means that without changing the revenue, airdrops will need to give more, which is not a sustainable way.

4. A strong BTC that doesn’t grow will still have a cost of capital. Relying solely on consensus and the poor issuance of fiat currency, BNB has also not grown for a long time, and various revenues have decreased. Many people will definitely leave in the future.