Binance Alpha not only positions itself on-chain, but more importantly, it competes for the listing rights of non-first-tier projects. Several projects have verified the path of launching IDO-BN contracts with Cake for spot trading. If other exchanges do not offer a lower listing offer, this path may be the short-term optimal choice for the projects;

However, the seemingly lower listing costs actually compress/sacrifice the airdrop ratio. You could say this is backstabbing the community or exploiting the airdrop, but from the project's perspective, exchanges know your data is manipulated, and these exploiters are merely here to dump the coins and take away the precious USDT. It would be better to give the opportunity of IDO arbitrage and exploitation to platform tokens or those who can help with trading volume;

When exploiters search various early projects in a dazzling market for uncertain airdrops, they then directly wait for BN to filter out certain fine airdrops for everyone. Once again, we find ourselves back in a situation where the entire industry works for the exchanges.