#ALPHA

In the past few days, the threshold has reached 230, truly entering the final stage, a winter for the version. Alpha has accompanied us for several months since the beginning. Initially, it didn't require points; as long as you met the conditions, you could receive airdrops. Later, it required trading a certain type of token, and then there was the point system that emerged, which constantly evolved with more and more participants and updated modes. Gradually, a threshold system appeared, where TGE consumed points, and claiming airdrops consumed points. After that, the thresholds kept increasing, and different TGE models emerged. During this time, new retail investors joined, while some continued to leave. Of course, people are driven by profit; where there is profit, people will want to use technology because technology changes lives. More and more studios appeared to exploit the system in batches. The officials also took many actions against these studios, but they only treated the symptoms, not the root cause. Although stricter risk control conditions later emerged, they had little impact on studios that operated in large volumes. Eventually, studios that used slider verification and facial recognition kept breaking through with technology, and it was clear they succeeded.

However, what I want to say is that these profit-seeking studios have existed since ancient times and cannot be completely eliminated. We can only reduce their participation by changing the restriction conditions and raising the thresholds, which is the most basic method. The emergence of Alpha was initially intended to benefit Binance and to increase liquidity and collaboration with project parties, forming a virtuous cycle among Binance, project parties, and users. However, as the thresholds kept rising, many retail investors were excluded, leaving only studios and similar entities, which may have contradicted the original purpose and perhaps achieved its goal. Recently, reaching a high score of 230 has actually been a form of counter-exploitation. If the aim is to resist studios and technology, adjustments should be made accordingly, and it shouldn't just be about verification methods. Instead of continually raising thresholds, we could add methods like mathematical verification, text verification, image recognition, sequential verification, and many more real-person verification methods. However, simply raising the threshold to the highest score has begun to discourage many people. Yet, as long as there is even a small profit, studios will continue to enter in batches. What is the meaning of this?