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Alpha Point: Binance’s New Feature for User Activity Evaluation
Key Takeaways
Alpha Point rewards active Binance users with IDO and airdrop eligibility based on asset balances and Alpha token purchases.
Check and optimize Alpha Points via the Binance app to secure Web3 opportunities.
Binance has introduced Alpha Point, a novel feature designed to evaluate user engagement within the Binance Alpha ecosystem and Binance Wallet. This system rewards active users with opportunities to participate in Initial DEX Offerings (IDOs) and receive Alpha token airdrops, fostering more profound involvement in Binance’s Web3 initiatives.
What is Alpha Point?
Alpha Point is a scoring mechanism that measures user activity based on their asset holdings and trading behavior. It determines eligibility for exclusive events like IDOs and airdrops, incentivizing users to stay active in the Binance ecosystem.
Binance launched this feature to prioritize dedicated users, ensuring that rewards such as early token access go to those who contribute significantly to the platform’s growth. By introducing Alpha Point, Binance aims to create a fair yet competitive environment, encouraging users to engage more deeply with its Web3 offerings.
How to Calculate Alpha Point?
Alpha Points are updated daily before 1:00 PM and calculated using two key metrics over 15 days:
Balance Points (Hold): Binance users will receive points based on the total balance of spot tokens and Alpha in their account and Binance Wallet. For example, a balance of $100–$1,000 earns 1 point, while $100,000 or more earns 4 points.
Read more: How to participate IDO on Binance Wallet
Volume Points (Volume): Points are granted for buying Alpha tokens on the exchange or wallet.
The formula starts with 1 point for the first $2, adding 1 point for each doubling of the amount (e.g., $8 earns 3 points, $1,024 earns 10 points). Selling Alpha tokens does not contribute to the score.
