【 Alpha points: Things that arise from Binance's exchange thinking 】

In the current context, MEME is the main theme of trading, which undoubtedly

Due to the popularity of MEME, DEX has taken away most of the trading share from CEX, and CEX must make changes in this situation

And Binance's Alpha was born at this time

If Binance were to purely build BSC, the uncertainties would be too great, making it difficult to grasp, and the yield from focusing on a single chain would still be too low

Building a trading MEME platform is the kind of thinking an exchange should have

However, once the platform is set up, if trading is not smooth, in reality, not many people will trade on the platform you've built, and what changes has Binance made to its Alpha:

(1) Alpha has been directly migrated from the difficult-to-use wallet to the exchange page

(2) Users can trade the coins in the Alpha section directly using U

(3) Provides extensive empowerment for users trading Alpha (TGE, airdrops)

However, Binance still feels that everyone's motivation to compete is not enough, so it directly quantifies everyone's trading volume, and "Alpha points" was born.

Once something has a ranking, it will attract everyone's attention.

For Binance, the next step regarding the trading volume of Alpha has quantifiable data, allowing them to increase everyone's motivation to trade Alpha by "enhancing Alpha's empowerment and reducing the number of participants."

A simple example to illustrate:

First, Binance's backend will surely see everyone's "Alpha points" score data, allowing them to accurately set the thresholds for participating in "TGE, airdrops," etc., based on the overall score situation.

Suppose: Binance sees that users scoring above 100 points make up only 20%, then the threshold will be set at 100 points

This ensures that: by grinding Alpha, the returns from participating in activities are very high (because there are fewer participants and thus less competition)

Then retail investors keep chasing interaction (because high returns tantalize them), but Binance keeps limiting the scores

But Binance, on the other hand, provides trading volume through Alpha, while high-return activities provide good reputation

This is purely my personal understanding, with no malice intended. Such operations are completely understandable routine operations for an exchange, after all, if one does not act for oneself, the heavens will punish them.

#Alpha points