❓ Why can airdrops make money? Why can Binance Alpha continue to airdrop?
🟠 The Basics of Airdrops
🔸Many newcomers may not understand:
🔹Why can airdrops “create” money for free?
🔹The project party issues a coin and writes a string of data to the blockchain, and then it can be converted into US dollars 💰 (USDT)?
🔹Zhang San sends out an "air" coin, can he "turn" it into money?
▶️ Airdrop is a unique way to promote Web3!
🎮 MapleStory NXPC airdrop case
Project: MapleStory is a web3 blockchain game adapted from a classic game
Airdrop: 600 U of $NXPC
Every web3 project like MapleStory,
When the project develops to a certain scale, TGE (Token Generate Event) will be carried out.
Create a token to connect to the blockchain
NXPC is the token of MapleStory.
🔹Exchange method: Token ↔ USDT (US Dollar 💰) ↔ Fiat Currency
Conversely, USDT can also be exchanged for Tokens, such as MapleStory’s NXPC
(Currently 1 NXPC ≈ 2.2 USDT, the exchange process is carried out on exchanges such as Binance)
⚙️How does airdrop work?
During TGE, the project will give some tokens to early users, which is called airdrop💰
🔸Airdrop is a recognition of early contributors
🔹Token holders can decide to sell in the secondary market for cash, or buy more tokens for long-term investment
🔹You can get airdrops through:
Helped with project construction, testing, publicity, etc. in the early stage.
Some people who participate specifically for the purpose of profiting from airdrops are called "airdrop hunters"
🔹The benefits of airdrops are uncertain and are retroactive.
From 10 USD, 500 USD, to tens of thousands USD, or even hundreds of thousands 💰
✨The easiest way to participate in the airdrop is Binance Alpha, which has airdropped thousands of dollars in May. I will introduce it below🔻
🟠Why are newly issued tokens valuable, and why can airdrops be converted into cash?
For example, MapleStory created a market value of $390 million by issuing NXPC, and FDV created a market value of $2.1 billion.
The value of the project token depends on consensus, and consensus comes from continuous construction
MapleStory is a blockchain game that has been developed for more than 2 years. During this period, players participated in the test network, played games to obtain equipment, and spent time.
It is widely discussed in the community. Players who find it fun will recommend it to their friends and discuss it on Twitter, which has expanded the influence of MapleStory.
All of the above have created value.
NXPC tokens were created during the MapleStory TGE, and part of them were given as airdrops to early contributors.
🟢Why can airdrops be converted into cash? -- Because some people want to sell, and some people want to buy
Because MapleStory had accumulated two years of consensus before TGE.
So during TGE, its token NXPC will have value:🔻
🔹Application value:
NXPC can be linked to the game economy. Players who love MapleStory need it to redeem in-game items.
(It has not been officially announced yet, but once it is launched, the supply and demand relationship will increase, causing NXPC to rise, which means investment value)
🔹Investment value:
Some investors may think NXPC is undervalued.
MapleStory is a blockchain game adapted from a classic IP. It has just been launched and may become more famous in the future.
They may invest in MapleStory and buy NXPC, just like investing in gold, and be optimistic about its future price📈
🟠How Binance Alpha works
Binance is the world's largest cryptocurrency exchange with many secondary investors
Binance Alpha works with early projects like MapleStory.
By airdropping NXPC to every loyal Binance user,
Increased the influence of MapleStory
🔸The greatest value of airdrops is their publicity value
You got a 600 U airdrop from MapleStory, you might advertise it everywhere
Friends ask you what is MapleStory, what is NXPC, how to use Binance
You helped spread the word about the project, this is the reward you deserve
Just like the 10 billion yuan subsidy is also a form of publicity, but it is a coupon.
And in web3 it is real money airdrop!💰
What better way to promote than an airdrop?!
🔸Several ways to get airdrops
So, how to get the attractive airdrop of thousands of U?
🔹 Before the TGE of a project like MapleStory, help it develop, such as participating in the testnet, doing social tasks, and interacting on the chain...
But this may take months, a year, or even longer.
Doing complex interactions every day takes a lot of effort, and there is basically no reward before TGE
MapleStory has been in beta for two years, so don’t be envious when you see others earn hundreds of thousands of dollars from airdrops, because they have also put in a lot of effort.
✨What is a faster and simpler airdrop suitable for beginners? ---- Binance Alpha
🟠Binance Alpha Points System
Binance Alpha is responsible for the screening of early quality projects.
Users only need to accumulate Alpha points to obtain various airdrops and easily earn tens of thousands per month!
✨How to participate: Search "Alpha Event" on the Binance App homepage
You can see the details of Alpha Points and Airdrops
🔸Alpha points include "balance points" and "trading volume points", which are accumulated daily and rolled over to calculate the total of the past 15 days.
🔹「Balance Points」: Based on account assets, 100 U gets 1 point/day, 1000 U gets 2 points/day
🔹「Trading Volume Points」: Calculate daily Alpha trading volume, consuming 2 U gets 1 point, 4 U gets 2 points, 8 U gets 3 U, and it keeps doubling.
✨It is generally recommended to brush 4096 U per day for 12 points, or 8192 for 13 points. Choose BSC chain to get double transaction volume
The airdrop threshold is generally between 180-200 points, and each airdrop costs 15 points.
15 days to participate in 3-4 airdrops
Although the transaction volume seems to be large, the BSC transaction fee is only 0.3 U per 1000 U.
An airdrop is usually 50-100 U, and sometimes there are surprises, like NXPC airdrop up to 600 U!
✨For specific Alpha participation tutorials and scoring tips, please refer to the other tutorials I linked below✨
🟠Can I still participate in the Alpha airdrop? Will the returns remain so high in the future?
🔹May airdrop situation:
BOOP 104 U
MYX 72 U
ZKJ 104 U
OBOL 54 U
DISCUSSION 412 U
PUFFER 102 U
NXPC 563 U
Airdropping 600 U at a time like NXPC is a rare case.
But there are still a lot of 100 U and 200 U airdrops.
From April to now, there has been an airdrop almost every 1-2 days.
50-100 U each time, the total airdrop in May has reached 1400 U! 💰
🔸Is it too late to participate in the Alpha airdrop now? Will there be more airdrops in the future?
As mentioned before, airdrops are the best way to promote, and have been going on for many years in web3.
🔹The airdrop is actually a marketing campaign jointly conducted by the project and Binance.
1⃣ The project gets more attention, more people learn about MapleStory from NXPC, and promote the long-term development of the game
2⃣ Binance gains daily active users, more new users
3⃣ Users receive airdrops from Binance Alpha and learn about early projects
All parties are making profits. This is a positive cycle. Why can't it continue?
Airdrops create real value, and they are not "air" coins
✨Participate in Binance Alpha in just a few minutes a day and pay a small fee
You can get airdrops in as little as 15 days
Moreover, Binance Alpha has just become popular recently, and there are many projects waiting to be listed.
So newcomers who are participating now still have a chance
New concepts emerge every day in web3. If you want to get airdrops, you need to try new things and keep learning.
🔹As the number of participants increases, the points threshold will be adjusted dynamically
Maybe the airdrop will not be 100 U or 200 U again, but as long as you calculate the cost, it is still worth participating.
🔹 CZ said: "One person can only have one Binance account, but the whole family is welcome to participate"
If a family of three participates, the monthly income is 30,000
🔻If you and your family don’t have Binance yet, join now!🔻
New users can enjoy 20% discount on Binance fees
Invite code: WQ4YIVGT
☑️Conclusion
Binance Alpha opens a new era of airdrop dividends for novices with its "simple, transparent, one-click collection" model. Although the profits from popular products are difficult to normalize in the long term, the stable returns of dozens to hundreds of U are still worth participating in for every newcomer who wants to get started with Web3.
☑️Extended reading
How to use Binance Alpha (beginner's guide)
Alpha score-boosting tips, how to minimize wear and tear?
How to borrow BNB to participate in Binance Wallet TGE
Follow me@逸星web3 , share more practical airdrop tutorials
Join my Binance Ace chat room -- discuss airdrops, coin flipping, financial management, and wealth codes
This article is not intended as investment advice
This article is original, please indicate the source when reprinting
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