BINANCE ALPHA REMOVES POINT CALCULATION MECHANISM - TRADING VOLUME CONTINUES TO DECREASE
After the crash of 73133344297 and 67426158627, Binance Alpha updated to remove the old point calculation mechanism, and the trading volume of Binance Alpha has also continuously decreased in recent days, while the point requirements for Alpha points are becoming increasingly high.
- Specifically, after the #ZKJ token was withdrawn from liquidity and dumped, the token price was divided by 10, causing the #KOGE token to also be divided due to the ZKJ/KOGE pair being actively mined through Alpha Points.
- Subsequently, yesterday Binance issued the latest announcement, stating that trading pairs between two Alpha tokens (token-to-token) will not earn Alpha Points from June 17 - both trading volume and LP balance will be excluded.
=> This means that users who add LP and trade token/token pairs of Alpha will no longer earn points. However, the Alpha/USDT, Alpha/USDC, and Alpha/BNB pairs will remain normal.
*I heard that part of the reason for this situation is due to the China team cheating excessively, and the change in Binance's regulations is to help Alpha reduce risks, but it may also lead to a decrease in players?
- Is Binance Alpha gradually declining? What are your opinions?