Binance Alpha, ⏰February 21st Airdrop Preview
The current number of online users has sharply decreased by 16,000, leaving around 148,000. The main contradiction remains that there are too many monks and not enough porridge: yesterday, the airdrop quota was only 16,000 shares, while accounts with 'high turnover' are rampant. Each time the purchase is opened, the number of people surging causes the shares to be sold out in seconds.
From a cost-benefit perspective, the threshold has risen to 251 points. If we calculate based on a single account earning 17 points per day and a wear cost of 2 dollars, the total wear cost over 15 days can reach up to 30 dollars. According to the current revenue expectations, the profit margin has been completely consumed.
Today (February 21st) there is no news about the airdrop. It is expected that during the weekend, there’s a high probability of continuing to 'short', so it's recommended that everyone enjoy the holiday and not overly focus on the market.
Recently, the overall return from airdrops has been poor, and continuous counter-attacks have caused many users to leave and observe. I hope the platform can provide more shares in the future; otherwise, the situation of 'high points and low returns' will be difficult to maintain. Controlling the single account around 17 points is relatively reasonable.
To be honest, after investing in so many projects, FOGO is one of the few that makes me feel 'lightly equipped'. It’s not that it’s a small project, but the entire experience is particularly smooth—from buying in to participating in governance, it has been very seamless.
One thing I like most is that its burning mechanism is not just for show. I have bought so-called deflationary coins before, and after a few months, the total supply remained unchanged. But on the side of
#Fogo , I have seen the burning records on the block explorer increasing one by one, with every transaction being clear. This kind of transparency is very rare in the industry.
The working style of the
@FOGO team also suits my taste. They don’t engage in flashy marketing; they just steadily follow the roadmap. Over the past few months, they haven’t missed an update, and sometimes they even launch ahead of schedule. Someone in the group joked: 'Other projects delaying is the norm; when you delay once, we find it refreshing.'
Additionally, I want to mention governance. The governance of
$FOGO truly allows small retail investors to have a voice. Last month, there was a proposal made by an ordinary group member, and from discussion to voting to implementation, it was all transparent. In the end, it was approved, and that group member even posted to thank everyone for their support. This feeling of 'everyone is a builder' really fosters a sense of belonging.
Market conditions can’t be controlled by anyone, but reliable projects are worth holding onto.
#Fogo gives me that sense of stability. $