✍ Participating in the Binance Alpha activity, where did you lose your money? This article will help you understand, remember to like and save it!
Given that many new users have asked me how to participate in the Binance Alpha activity recently, I will explain it to you in detail today.
[Note: The trading amount only counts the buying, not the selling; points are only calculated for 15 days.]
☻ At the beginning, let me tell you about the points rule. Just look at the image below ☟
Every day holding over 100U, trading over 512U, can earn 10 points in a day. After 15 days, there will definitely be activities to participate in. Starting from May 13, an Alpha points consumption mechanism will be introduced. Old users will have a certain amount of points deducted when participating in an event, which is beneficial for new users!
I traded $KMNO a while ago, the loss on this coin is really low, but unfortunately, it was forcibly listed on Binance's spot market, making it quite difficult to crash, resulting in recent trading losses increasing several times...
I have tested $POPCAT, $MYX, $MEW, $ZKJ, $B2, etc. in the past few days. When selecting coins, choose those with high daily trading volume. If you don't know how to choose, just look at these few.
☘︎ Taking 100U as an example:
🔸 Trading tokens on the SOL chain, buying 100U, selling loss is about 0.35U, transaction fee can be ignored, total loss 0.35U
🔸 Trading tokens on the BSC chain, buying 100U, selling loss is about 0.9U, transaction fee for buying + selling = 0.8U, total loss 1.7U
☘︎ Taking 1000U as an example:
🔸 Trading tokens on the SOL chain, buying 1000U, selling loss is about 3U, transaction fee can be ignored, total loss 3U
🔸 Trading tokens on the BSC chain, buying 1000U, selling loss is about 3U, transaction fee for buying + selling = 0.8U, total loss 3.8U
From here we can conclude that most people should still trade tokens on the SOL chain. This is the most economical because it eliminates the additional 0.8U transaction fee loss. After all, many people are trading back and forth with just over 100U, losing 0.8U each time. Who can afford that!!!
☻ Of course, if you trade 500U or more at once, you can try trading Alpha tokens on the BSC chain. After all, trading Alpha tokens on the BSC chain is calculated at double the trading volume, which I personally feel is more cost-effective than trading on the SOL chain. The more capital you have, the more cost-effective it is, but it shouldn't be too much; the pool can't be too shallow.
Trading Alpha tokens on the BSC chain can also participate in the newly launched activity, killing two birds with one stone! Of course, this is limited to the four tokens in the activity.
You can share tokens worth $3.5 million. For specific activity requirements, see the image below. There are quite a few spots available ☟
In conclusion, I want to say from the bottom of my heart that looking at Binance's recent actions, they have been working for the welfare of retail investors. You don't have to worry about which tokens are being cut. Just think about whether you are getting benefits. Binance has been listening to community opinions to ensure more people can benefit. Who wouldn't love such a Binance!