Binance Wallet
Everyone has noticed that there have been quite a few Alpha airdrops on the Binance Wallet. Alpha tokens can be earned simply by having a purchase volume and a balance in your Binance account, and if the amount of points you have matches the amount specified by Binance, you will be eligible for airdrops.
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Thus, the trading volume of Alpha tokens through Binance Wallet has skyrocketed. Originally, in the market for swaps, OKX led with 44.6% and Metamask reached up to 18.5%, while Binance Wallet held only 3.4%. However, when Binance Alpha airdrops were introduced, the market share of Binance Wallet jumped to 93%, transforming it from zero to hero in a short period.
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Alpha Token
The reason for this growth is that Alpha tokens can only be traded with money from the Binance exchange, requiring users to trade daily to accumulate points for airdrops. Additionally, the large user base of Binance has led to an increase in the number of people trading Alpha, contributing to Alpha's emergence as a significant player in the market.
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However, criticisms regarding Binance Alpha airdrops cannot be ignored. Due to the point system and the need to trade daily, users incur fees and face frustrations when they do not meet the points requirement for airdrops. There are also complaints that the allocation for project airdrops is significantly skewed towards Binance Alpha airdrops compared to regular airdrops.
Airdrop
Normal airdrops usually involve checking for bugs, inviting referrals to strengthen the community, and conducting tests on testnets. However, due to the emergence of projects that provide airdrops exclusively through Alpha, there are complaints from users who have been involved since the beginning about feeling neglected. Furthermore, there are even requests to protest against Alpha.
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However, since airdrops have become so uncertain that some users are saying, “airdrop is like a blessing,” it has been observed that some users are increasingly enthusiastic about Alpha airdrops. Just accumulating as many points as possible allows one to estimate the potential for airdrops, with the possibility of earning between $10 and over $100, making it appealing for both Binance users and airdrop hunters, allowing Alpha to stay in the market.
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For a trader, the essential requirement is a Binance account link that offers a 10% discount. If you do not have an account opened with that link, you should create a new account with that link before starting to trade.
https://accounts.binance.com/en/register?ref=SBKZZWWJ
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Referral Code for Future Trading: myancrypto
Referral Code for Mining Account: E381THBL