Binance updates the Alpha Points calculation mechanism
To encourage trading of Alpha tokens, Binance will count DOUBLE the Alpha volume for the following transactions:
- Buying Alpha tokens on the BSC network (BNB)
- Buying with limit orders (on any network).
⏰Effective time: starting from 01/05/2025
Example for easy understanding:
- Market buy order $100 Alpha (non-BSC) → counts volume $100
- Market buy order $110 Alpha (BSC) → counts 110 x 2 = 220
- Limit buy order $120 Alpha (non-BSC) → counts 120 x 2 = 240
- Limit buy order $130 Alpha (BSC) → counts 130 x 2 = 260 (not cumulative to x4)
→ Total Alpha Volume: $820, corresponding to 9 Alpha Points