Binance's recent rules regarding Alpha points have really become complicated, from the initial 2+7 to now 2+12, still on the edge of falling apart; not just me, many people probably feel they can't keep up!!
It is evident that Binance is doing this to establish a more fair, sustainable participation mechanism, with levels of rewards and thresholds.
But what impact does this have on veterans who started before May? What help does it provide to newcomers who just joined?
🔍1. Possible reasons and strategic considerations for establishing these rules
✅Increase trading activity and platform usage
Double counting specific trading behaviors (e.g., limit orders, BSC chain Alpha) is aimed at guiding funds and operational preferences, encouraging users to use more controllable order methods, focusing on the BSC chain.
✅Improve the quality of TGE and airdrop participants
With the rise in popularity of Alpha airdrops, the user base has surged, raising the threshold helps filter out truly active and contributing users, reducing opportunistic participants.
✅Establish a points economic model, paving the way for future commercialization
The upcoming 'points consumption system' indicates that Alpha points will have a clear value positioning in the future. They are not just participation certificates, but more like 'chips for participating in token distribution'.
⚖️2. Fairness
➡️Early participants: Early point requirements are low, making it easy to participate in airdrops, which are considered high-risk pioneers, thus higher early returns are reasonable.
➡️Late participants: Although the threshold is raised, it also offers double counting of trading volume and lucky airdrops, which have compensatory and incentive qualities.
➡️Double points rule: An additive system designed for specific behaviors (e.g., limit orders / BSC chain Alpha), although not completely fair, aligns with the platform's strategic guiding goals.
➡️UID tail number airdrop: Although random, it provides another type of 'non-pure points-oriented' reward opportunity, helping to enhance participation fun and unpredictability.
👴3. Impact on veterans
👍Advantages:
Low early investment cost, easy to earn points, can participate in early airdrops and TGE ahead of others.
If continued participation, high points can be accumulated, still advantageous in future TGE or airdrop rewards.
👎Disadvantages:
As the rules adjust and the points system introduces consumption, if points are not used in a timely manner, they cannot maintain value or hold other rights.
Airdrops are increasingly biased towards high points or specific conditions, which may lead to marginalization by new mechanisms.
🧒4. Benefits for newcomers
👍The incentive mechanism is clear: as soon as newcomers join, they have specific pathways to double points, reducing exploration costs.
👍Lucky airdrop mechanism: The UID tail number condition airdrop design allows newcomers, even with low points, to have opportunities to obtain resources, increasing the sense of participation.
⭐️The Binance Alpha points system is transforming from simple activity rewards to user loyalty resource allocation, mainly rewarding early participants, incentivizing users for continuous trading, long-term participation, and interaction with the platform.
Although the system is not entirely fair, through diverse methods (double counting of trading volume, random airdrops, points consumption system), it has indeed achieved multiple goals of attracting users, increasing stickiness, and reducing resource abuse.
#AlphaPoints