Binance opened trading for Cycle Network (CYC) on the Binance Alpha platform from 7 PM on August 4 according to Beijing time.
At the same time, users with at least 200 Binance Alpha points will have the opportunity to receive 800 Token CYC through the airdrop program on a first-come-first-served basis. If the rewards are not fully distributed, the points threshold will decrease by 15 points every hour.
MAIN CONTENT
Cycle Network (CYC) officially lists on Binance Alpha from 7 PM on August 4 (Beijing time).
Users with 200 Binance Alpha points or more are eligible to participate in the 800 Token CYC airdrop.
The required points threshold will decrease by 15 points every hour if the rewards have not been fully distributed.
When does Binance Alpha open trading for Cycle Network (CYC)?
Binance announces the listing of Cycle Network (CYC) on the Binance Alpha platform starting at 7 PM on August 4, according to Beijing time. This is the time when users can start trading CYC directly on this system.
The precise timing of trading openings demonstrates professionalism in Binance's scheduling of new Token listings, helping users understand when to participate. Binance Alpha is known as a testing platform before a project is officially launched on Binance.
What conditions do users need to meet to receive the CYC airdrop?
The airdrop program is for those who hold at least 200 Binance Alpha points at the time trading opens. Each person will receive 800 Token CYC on a first-come-first-served basis.
The Binance Alpha Points represent the level of activity or engagement of a user's account on this platform. Establishing a points threshold ensures that airdrop recipients are active members, contributing to the fairness of the program.
How will the participation points threshold change if the rewards are not fully distributed?
If the total airdrop rewards have not been distributed after the start, the required points threshold will decrease by 15 points every hour. This approach helps expand the audience for the airdrop while encouraging users to participate early.
The gradually decreasing benchmark points strategy reflects flexibility in the airdrop program while creating time pressure to encourage users to participate actively. This mechanism also helps optimize Token allocation and stimulate trading on Binance Alpha.
"The design of the points threshold decreasing every hour ensures that Tokens are distributed fairly and encourages users to quickly participate in the new trading experience."
Binance representative (speaking at the launch event, 4/8/2024)
Frequently Asked Questions
What is Binance Alpha?
Binance Alpha is a new trading testing platform developed by Binance for users to experience Tokens and services before their official launch.
How are Binance Alpha points calculated?
The Binance Alpha Points reflect the level of activity or user interaction on the platform, used to evaluate the eligibility to participate in various programs.
What is Token CYC?
CYC is a Token belonging to Cycle Network, a blockchain project listed on the Binance Alpha platform and can be traded normally on the exchange.
When does the CYC airdrop end?
The airdrop program will last until the total reward of 800 CYC/Token is fully distributed or until the points threshold decreases to an unsuitable level.
How to know if I received the airdrop?
Eligible users will receive direct notifications on their wallet or Binance Alpha account after the rewards are distributed.
Source: https://tintucbitcoin.com/binance-alpha-200-diem-nhan-800-cyc/
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