The Alpha points consumption mechanism launched by Binance is similar to the point card systems introduced by early exchanges. Users holding point cards/points can directly redeem and offset rights, which have real monetary value.

Point cards/points even have dedicated circulation and trading systems. Previously, there was a boss who opened the first exchange in the cryptocurrency space to support point card trading. However, point cards/points are essentially internal accounting assets of an exchange, which can be subject to unscheduled issuance, and there are many related parties and insider trading, leading to its closure later on.

Binance's Alpha points should not have a secondary circulation and trading system. Due to compliance issues, Binance can no longer use BNB for new launches on LaunchPad, and this Alpha points is used to replace BNB for new launches. If there is still a possibility for secondary trading, that would be quite interesting.