Binance Alpha Points: The reward point ecosystem driving Web3
What are Alpha Points?
Binance Alpha Points is a new reward point system designed to encourage users to actively participate in the Binance Web3 ecosystem. This is how Binance promotes more community interaction with Alpha projects through asset holding and trading.
Alpha Points will determine users' benefits when participating in events such as token issuance (TGE) and receiving airdrops from new projects in the Binance ecosystem.
How to accumulate Alpha Points
Alpha Points are calculated based on two factors:
Balance Points
Based on the total value of assets held on Binance Exchange and Binance Wallet.
The higher the balance, the more points received each day:
$100 to <$1,000: 1 point/day
$1,000 to <$10,000: 2 points/day
$10,000 to <$100,000: 3 points/day
$100,000 and above: 4 points/day
Trading points (Volume Points)
Based on the volume of Alpha token purchases.
The larger the trade, the more points. For example: buying $8 worth of Alpha tokens earns 3 points, buying $1,024 earns 10 points.
Note: Selling Alpha tokens does not decrease accumulated points.
Why is Binance launching Alpha Points at this time?
Increase user engagement:
Alpha Points encourage users to hold assets and engage more deeply in Web3 activities, rather than just short-term trading.
Support for Web3 project development:
New projects have the opportunity to reach the large Binance community, as users are encouraged to interact to accumulate points in exchange for benefits.
Competition in a vibrant market context:
As many other platforms also ramp up airdrop strategies and reward users, Binance needs a flexible, long-term system to effectively retain users.
Shaping the 'Earn to Engage' trend:
Rather than just 'Hold to Earn', Alpha Points encourage users to actively explore, trade, and engage with the ecosystem to earn rewards.
Benefits of Alpha Points
Opportunities to receive attractive airdrops from quality projects.
The right to participate in TGE events, owning tokens early before they hit the market.
Enhance the Web3 experience, helping users become more familiar with decentralized products in the safe environment of Binance.
Create motivation to hold assets long-term, rather than just short-term trading.
Conclusion
Binance Alpha Points is not just a simple reward point program but a long-term strategy to help Binance expand the Web3 ecosystem, attract and retain users.
In the context of a fiercely competitive crypto market and an explosion of airdrop trends, Alpha Points become an effective tool for Binance to assert its pioneering position.
This is the right time for users to leverage Alpha Points, both increasing their assets and engaging more deeply in promising Web3 opportunities.
Have you started accumulating Alpha Points? If not, you might be missing out on a 'new game' that Binance is leading.