Understanding the new mechanism on Binance Wallet and participating in the 12th IDO - OKZOO (AIOT). The 12th Exclusive TGE of Binance Wallet will take place from 3 PM to 5 PM Vietnam time today (April 25th) with a new mechanism: Achieve a minimum of 45 Binance Alpha Points.

This time, the project is OKZOO on the BNB Chain in the AIoT field.

Unlike the conditions regarding trading volume in previous rounds, this time the Binance Wallet IDO has a specific mechanism with the "Binance Alpha Point" system.

Accordingly, there are 2 criteria to increase Binance Alpha Points: Account balance and trading volume of token pairs listed under the Binance Alpha tag.

These points will be calculated based on the number of Alpha Points in the 15 days prior to the IDO time. Specifically:

Regarding the balance:

1 point per day if: >= $100 and < $1K

2 points per day if: >= $1K and < $10K

3 points per day if: >= $10K and < $100K

4 points per day if: > $100K

Regarding trading volume:

1 point per day if: > $2

2 points per day if: > $4

3 points per day if: > $8

4 points per day if: > $16

5 points per day if: > $32

6 points per day if: > $64 (optimal)

7 points per day if: > $128

8 points per day if: > $256

9 points per day if: > $512

This mechanism seems quite reasonable to me and Binance also requires everyone to trade a lot on Alpha if they want to participate in the Binance Wallet IDO.

Note that the minimum point requirement may increase over time because Binance certainly wants to ensure the data on ROI and the amount each participant earns through each IDO is at a good level. Therefore, anyone who wants to continue should have strategies to hold and trade some tokens on Binance Alpha.

Wishing everyone good luck.

I love CZ and Binance