Based on the latest Binance ecosystem rules and user feedback, the cost-performance ratio differences between TGE and Alpha airdrops mainly reflect in the following dimensions:

1. Participation Threshold and Capital Costs

1. Alpha Airdrop

Low Threshold Strategy: Trading on the BSC chain can enjoy double points, with an average daily investment of $10-15 enough to meet most airdrop thresholds (like 45 points), and no need to consume BNB.

Slippage Control: Choose low-slippage tokens (like $B2, $ZKJ) for high-frequency trading, with a cumulative cost of about $30-60 over 30 days, and profits can exceed 10% of the principal.

Case: A user with a $5,000 principal can achieve a monthly income of about $500 (10 airdrops × $100 per airdrop).

2. TGE Participation

High Threshold Limit: Recent TGE requires Alpha points to reach 75 points (like MilkyWay) or higher, requiring assets over $10,000 or high-frequency trading (e.g., an average of $8 daily for 15 days).

Additional Costs: Need to pay BNB as Gas fees (e.g., 3 BNB to participate in new listings), and the cost rate during consolidation periods may erode profits.

Risk Warning: TGE projects have high liquidity risks, and some tokens may halve in price after launch.

2. Profit Potential and Risks

1. Alpha Airdrop

Stable Income: 4-5 airdrop opportunities per month, with a single income of about $100-200, suitable for users with small funds.

Controllable Risks: Only need to bear trading slippage (0.1%-0.2%), with no leverage liquidation risks.

2. TGE Participation

High Yield Volatility: Successful projects (like Zora) may yield several times the investment, but failed projects can result in total loss.

Liquidity Risk: Some TGE tokens have poor liquidity, leading to high exit costs.

3. Strategic Recommendations

1. Funds ≤ $10,000: Prefer to choose Alpha airdrops, using the BSC chain for double points + low-slippage token strategy, with monthly income potentially reaching 10% of the principal.

2. Funds ≥ $10,000: Can operate on two lines, with 70% of funds used to refresh Alpha points and 30% BNB reserved to participate in high-potential TGE (e.g., projects with strong team backgrounds).

3. Risk Control:

Alpha points must be refreshed every 15 days to avoid waste from expiration.

TGE should only participate in projects with sufficient liquidity and high compliance.

4. Rule Changes and Responses

Binance recently launched a point consumption mechanism, where users must actively choose whether to use points to participate in TGE or airdrop, and points cannot be recovered after expiration. Recommendations:

- Small Users: Focus on Alpha airdrops, utilizing the BSC chain to refresh points.

- Large Users: Pay attention to TGE project whitepapers and assess the token economic model before making decisions.

In summary, Alpha airdrops offer better cost-performance in terms of capital threshold and income stability, while TGE is more suitable for users with a high-risk appetite. Strategies should be chosen based on one's capital amount and risk tolerance.