Binance launches Alpha Point - A scoring mechanism for participating in the Token Generation Event (TGE) and Alpha token airdrop
To access this Alpha Point feature, open the Binance app and select 'More'.
Binance has just launched the Alpha Point mechanism to evaluate user activity levels on Binance Alpha and Binance Wallet.
This will determine eligibility to participate in Token Generation Events (TGE) and the Alpha token airdrop.
✅ Alpha Point Calculation Mechanism
1️⃣ Based on asset balance (cash + Alpha tokens):
• $100 – $999: 1 point
• $1,000 – $9,999: 2 points
• $10,000 – $99,999: 3 points
• Over $100,000: 4 points
2️⃣ Based on Alpha token purchase volume:
• First $2: 1 point
• Double the amount to earn an additional point (e.g.: $4 = 2 points, $8 = 3 points, $16 = 4 points, ..., $512 = 9 points)
According to my calculations, to achieve 9 points in volume in one day, a total fee of about $2 for both buying and selling is needed.
=> Approximately $60 per month is required to maintain maximum volume
Note: If trading, you should choose tokens with high volume for buying and selling, to avoid cases of low liquidity tokens causing slippage.
