What is the overall transformation of @binance doing?
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Transformed ALPHA
As everyone notices that @binance is providing increasing support for @BinanceWallet, it reflects a growing "emphasis" on the on-chain.
Especially in the alpha channel of @BinanceWallet, there have been increasingly significant improvements.
🪶 From previously allowing any user to participate;
🪶 Then later requiring a snapshot of funds to participate;
🪶 Then requiring a purchase record in the binance wallet to participate;
🪶 Then today, limiting participation to those with alpha points;
This reflects that @binance is starting to make adjustments for users, excluding "small studios" (just people), and focusing on "large studios" (with people and funds).
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Why are project parties willing to TGE on Wallet?
The entire @binance is investing all its "resources" into @BinanceWallet, and many VC projects are starting to conduct TGE on the wallet, which is its "unique resource".
Even though the probability of going on @binance's spot market is "bleak", there are still many people rushing in.
🎗️ If the project party can't go on @binance, it might as well gamble on a contract in the wallet, or even spot;
🎗️ The airdropped portion from the project party is essentially free; it’s better to directly give it to users of @BinanceWallet for more precision, preventing airdrop hunters from getting large amounts;
🎗️ The project party can also better control the chips and won’t give away too much to retail investors;
🎗️ It’s essentially a low-cost way to go on @binance, encouraging project parties to pump the price, with similar steps transforming into ido-contract-spot paths;
It can be observed that almost all projects that conducted IDO on @BinanceWallet ended up on Perp, and several good ones made it to spot, so there’s a competitive elimination process at every step.
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Why is @binance doing this?
🌟 To give BNB a new empowerment scenario; it can't just be about launchpad, launchpool, and holder airdrop empowerment, as these take a bit of time;
🌟 To attract projects to build on @BNBCHAIN; you will notice that basically all projects are conducting TGE on @BNBCHAIN;
🌟 To promote @BinanceWallet; after all, it can’t compete with @wallet on other fronts, so it has to find a new path;
🌟 To push a decentralized narrative; this round is all about developing the on-chain narrative, but when it reaches @binance, it's all watered down, and now it needs to reverse the sentiment;
🌟 To enhance @binance's wealth effect, making everyone feel that BNB is not the end;
🌟 Everyone says @binance only lists coins with high market values, but I give everyone a chance to participate in @myshell_ai $SHELL with low market value, creating a wealth effect;
So An An has always understood its advantages; all project parties want to come up and "capture liquidity". Whether it's "the dragon vying for the phoenix" or "two dragons playing with pearls", as long as you can "perform well", I will list you.
Moreover, while utilizing its advantages, it continues to develop and expand those "advantages", enhancing BNB's ecological value, attracting quality projects, expanding the Wallet user base, and consolidating its leadership position in the crypto market.
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All resources have piled up in @BinanceWallet
Based on my conversations with some friends at binance, their statement is that currently @cz_binance's support for @BinanceWallet is akin to the support for perp back in the day, with all resources being top-notch.
🍭 @BinanceWallet has become the entry point for liquidity, which is the most attractive aspect of BNB;
🍭 @BinanceWallet is gradually modifying previously difficult-to-use areas and becoming smoother;
🍭 @BinanceWallet has become the first channel for listings;
🍭 The Alpha launched by @BinanceWallet has become a "positive news" similar to small exchanges listing coins;
So basically, you can find that all the resources from @binance are given, and they are prioritized as top-notch, as for most people, the "listing effect", "traffic intersection", and "maximum liquidity" are now all given to @BinanceWallet.
So you can clearly see the determination.
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Can the transformation succeed?
Currently, everyone regards @BinanceWallet as a "pocket money" channel; most people are just rushing for each IDO.
User retention isn't important; it just depends on whether it can make users develop a habit of coming to claim a few dozen U or even a few hundred U each time.
For project parties, they really like it, as the low-cost path to go on binance is basically opened.
Whether it goes up or down can also be seen from the operation methods; after all, once you go on a contract, you start cutting losses, and when you go on the spot, you won’t end up with a "guillotine", right?🤣.
So will @cz_binance's big brother this time on @BNBCHAIN create a "wealth effect" like last round?
After all, among the projects that did IDO on @BinanceWallet, only @myshell_ai has truly made everyone a lot of money, rising 400% from the bottom😂.
