I think your explanation might be a bit far-fetched.
Binance's Alpha is more like the domestic third board market,
issuing tokens aimed at specific players.
The Bubble Mart one is an internal points consumption rule.
AB Kuai Dong
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Bubble Mart's Labubu is the contemporary Binance Alpha + IDO + Points. As long as you are a loyal member, you can queue early in the morning to spend 99 and grab it. The blind box reveals: floor price 120, hidden version 1000, and a 10-fold increase happens in an instant.
On Xiaohongshu, showing off Labubu hanging on an Hermes bag is equivalent to today’s Alpha 75 points 10 times airdrop hanging Binance peripherals, showcasing on Twitter.
On Xiaohongshu, showing off Labubu hanging on an Hermes bag is equivalent to today’s Alpha 75 points 10 times airdrop hanging Binance peripherals, showcasing on Twitter.
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