Binance Cracks Down on Bot Usage in Alpha Points Program
Binance is taking action against traders who use automated bots to unfairly accumulate Alpha Points. The exchange has updated its systems to detect bot activity and warns that accounts caught violating the rules will have their points revoked and may face further restrictions.
Understanding Binance Alpha Points and Bot Abuse
The Binance Alpha Points program rewards users for engaging with new projects on the platform, allowing them to earn points for completing tasks or achievements, which can then be exchanged for airdrop participation or token generation events. Bots are automated software programs that can mimic genuine user activity at scale, artificially inflating engagement and allowing users to farm rewards without actual participation. This practice was previously criticized for enabling some traders to unfairly profit from trending projects.
