The Alpha points airdrop from Binance is now backfiring on players.
1. The quality of projects is no longer being managed; as long as there is an airdrop, no matter how poor the project is, there will be people rushing in, even 'junk' projects can attract participants;
2. Binance users are the most comfortable, they can receive airdrops without doing anything; instead, those who grind points daily and frantically boost their trading volume feel like they are being exploited, working hard but possibly ending up with nothing;
3. This once again illustrates: the projects listed on Binance do not care about on-chain users at all; they just want to create some hype to make a quick profit. Binance seems to have mastered the 'involution code,' tightly controlling the users.
This kind of Alpha points gameplay will only become more intense.
Everyone is trading at a frenzied pace for that possible extra point; no one knows where the 'cutoff score' is, so everyone is grinding hard, desperately chasing high scores.
The final result is:
There are more users on the Binance platform,
The trading volume is higher,
And we, who are desperately grinding for points, may end up worse off than someone who randomly gets a lucky last digit '4'. #币安Alpha上新