One: Initial preparations:
1、 Download and register the Binance app: https://www.marketwebb.me/referral/earn-together/refertoearn2000usdc/claim?hl=en-US&ref=GRO_14352_D26C7
2、 Create a Binance wallet by clicking on the 'Assets' section at the bottom of the Binance app page, where you can see the 'Trading Platform' and 'Wallet' buttons at the top of the redirected page.
3、 Prepare at least 1500U+ in funds (considering Binance account balances of 1000U-10000U, which can calculate 2 points daily, and the wear and tear when boosting trading volume, so try to keep over 1500U).
Two: Ways to earn points:
There are two ways to earn Alpha points: balance points and trading volume points. The maximum for balance points is 4 points. Storing between 1000U and 10000U is the most cost-effective, accumulating 2 points daily. See the screenshot of the Binance announcement below for details.
Three: How to boost trading volume
There are two channels for boosting trading volume: Binance exchange and Binance wallet, both of which can be viewed by clicking 'Assets' at the bottom of the app.
1、 Exchange trading: On the app, click the 'Market' option at the bottom, then click 'Alpha' at the top of the redirected page to choose a token for trading. Note that trading volume only counts for purchases, not sales; that is, it counts the volume of your purchases, not sales.
The Alpha trading on the exchange has limit and instant types. If you want to enter and exit quickly, you can choose instant trading, with slippage set at 0.1%.
2、 Wallet transactions: At the top of the wallet home page, there is a row of options. Click on 'Alpha', then click 'See more' to view all token types. There is no difference between the Alpha tokens in the wallet and those on the exchange. The wallet does not support limit orders; there is only one exchange method. You can customize the slippage to 0.1%. Of course, lower slippage means less wear and tear, but it may also result in failed transactions. This trade-off is for you to decide.
3、 When choosing tokens, try to select those with high trading volumes and stable K-line charts, as this will result in lower wear and tear for buying and selling.
4、 Currently, the trading volume of tokens on the BSC chain is calculated with double points. The end date for the double points activity on the BSC chain will be referenced from Binance announcements.
5、 Please pay special attention; the calculation time for trading volume is from 8:00 AM Beijing time on the current day until 8:00 AM the next day. I once boosted my volume before 8 AM thinking I had completed the day's trading volume, only to find out the next day that my trading points were 0 because that part was counted for the previous day. I was almost furious at that moment, so everyone must be mindful of this.
Four: How to participate in airdrops and TGE
Click on the exchange app homepage; there is a Binance logo in the upper left corner. Click to enter, and in the recommended section, you will see the 'Alpha Activities' channel. Click to enter; at the top of the page, there are four options: 'Alpha Points', 'Alpha Airdrop', 'TGE', and 'Trading Competition'. We will introduce each of them:
1、 Alpha Points: Here you can see your total points for the previous 15 days and daily point details. Generally, it is updated before 14:00 Beijing time the next day.
2、 Alpha Airdrop: Here you can see Binance's airdrop projects and whether you are eligible to claim them. Generally, if you qualify for an airdrop, you can click 'Claim', and each claim will deduct 15 Alpha points.
3、 TGE is when your points meet the requirements for a specific project TGE, and you need to prepare BNB in your wallet to participate. This is essentially a new investment opportunity. You use BNB to participate in the new investment of this project, with a maximum limit of 3 BNB per person. If there is an oversubscription, the remaining quota will be refunded. Typically, the TGE lasts for two hours, and you can claim the tokens you acquired immediately after it ends, with an option to sell them directly on-chain.
4、 'Trading Competition': This section will list the tokens participating in the trading competition and their respective rules. If you trade these tokens and reach the required ranking, you will receive corresponding token rewards. However, be aware that the tokens participating in the trading competition often have higher wear and tear, so you need to be aware of this and have a certain risk tolerance.
I hope this helps newcomers to Alpha. Original content is not easy to create, so please like, comment, and share.
