This is a pure beginner-level web3 introductory tutorial.
Due to the recognition of Binance Alpha, many web2 newcomers are entering the crypto space. So how can they earn their first pot of gold in crypto?
After thinking it over, Binance Alpha is the fastest and safest way for ordinary users to make money in the crypto space.
I have complained about Binance Alpha because unscrupulous project parties may take the airdrop shares of opportunists and give them to Binance, but on second thought, projects with vision will benefit whether they go on Binance Alpha or not.
And what Binance Alpha brings is not just traffic within the circle. It's visible on platforms like Xiaohongshu and Douyin. It has already broken the circle. ——————————————————————————————————
What is Binance Alpha?
Binance Alpha: Tokens that have not yet launched on the main Binance exchange, mostly those with significant volatility in the primary market.
Binance Alpha points: A points system that evaluates scores based on users' daily trading volume and balance on the Binance exchange and Binance wallet, accumulating scores over nearly 15 days.
Binance Alpha airdrop: Tokens launched in each phase of Binance Alpha will give airdrops to users who meet the Binance Alpha points criteria. Eligible users can claim airdrop rewards by consuming Binance Alpha points (usually 15 points).
Binance Alpha TGE (Token Generation Event): An IDO on the Binance Alpha platform, allowing users to invest through points or purchases.
Point brushing strategy suggestion: Use the Binance wallet to brush points, as the wallet has no GAS fees. Try to brush some high market cap, high trading volume, and popular tokens, like $ZKJ.
Binance registration:
https://www.binance.com/join?ref=157725661
Path:
Binance exchange app -> Top right logo -> News -> Alpha points -> View points, claim airdrop.
Past earnings:
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How to earn from Binance Alpha?
Preparation section (skip if you already have an account) 👇
1️⃣ Download and register on the Binance exchange APP https://www.binance.com/join?ref=157725661
2️⃣ Complete Binance KYC
3️⃣ Complete the deposit into the exchange (usually through C2C), or withdraw coins from other exchanges to Binance, preparing about 1.5 BNB, roughly 1000 dollars.
PS: It is recommended to buy BNB directly, or buy USDT and then exchange it for BNB.
4️⃣ Switch to My -> Enter Wallet -> If there is no wallet, create a Binance MPC non-custodial wallet -> Transfer from the Binance exchange.
Low-loss point brushing section 👇
5️⃣ Enter the Binance wallet transactions -> Select the BNB/ZKJ trading pair to buy -> Click all -> Set a slippage of 0.1%.
6️⃣ Low-loss focus: Compare the value of BNB and ZKJ. If the difference is large, refresh until the difference is very small or profitable, then immediately click exchange.
7️⃣ If the exchange is successful, then brush a successful 1000-dollar transaction, and then we click exchange and brush the ZKJ/BNB selling transaction volume again.
8️⃣ According to statistics from experts, you need to complete at least 8 back-and-forth brushes daily for the best cost-effectiveness.
9️⃣ After brushing, still go to Binance Alpha to check points. The points data from the previous day is updated daily at 2 PM, so the points brushed on the same day will not show immediately.
Appendix:
Expert @litangsongyx has created a useful real-time earnings query website 👇
https://litangdingzhen.me/
In conclusion
Currently, Binance Alpha is extremely popular, so much so that even outsiders are starting to ask their relatives to brush points, as the earnings from a little effort in a month far exceed the income from most jobs.
But remember, do not mindlessly brush points, be sure to pay attention to losses. Don't let 1000u turn into 500u while brushing—that would be a significant loss.
But there is a limitation, currently you need to continuously trade for 15 days to possibly qualify for an airdrop, which means you have to endure the trading losses and 0 income during these 15 days.
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For newcomers to the crypto world from web2, the fluctuations in wealth here are exaggerated.
Everywhere there are stories of sudden wealth and total loss, and the dark forest is also a closed space for scams.
Protecting your principal is the way to survive in web3.
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At this stage, Binance Alpha is profitable.
But when more and more people are brushing points together, the losses may not cover the airdrop gains, and it's time to stop.
I don’t know when that day will come; let’s brush one day at a time.