⌞ Crypto Circle, Don't Let Your Family Play ⌝

Last Friday, I went home to see my parents. My mom was fiddling with her phone, and she said she made 17 yuan by signing in and watching ads for a week (note that it's 17 yuan, not dollars). I awkwardly smiled and said, 'It's not interesting, don't get involved with this.'

My mom seemed quite proud and said, 'Anyway, I'm retired and have nothing to do.'

I thought to myself, compared to Binance Alpha, this might be a thousand times the difference in returns, but I won't tell my parents about the crypto world because I really don't want them to get hurt, for two reasons:

1⃣ The Nature of Airdrops

Airdrops were once the best advertising in the world. A successful campaign might use a $1 airdrop to leverage $10 in buying funds, marketing one's product worldwide. People, driven by curiosity from the airdrop, will learn about crypto projects.

However, there are too many scams in the crypto projects, especially memes, and I really don't want my family to get involved.

2⃣ The Purpose of Binance

Binance Alpha essentially uses other people's airdrops to attract customers to its exchange, drawing clients to trade cryptocurrencies and engage in contracts.

We insiders all know that once you get involved with contracts, it's hard to quit, and it could ruin a lifetime.

Ordinary people have no resistance to gambling; even those of us who study finance and work in finance often can't control ourselves, let alone retired elderly people. Their lives are mundane, and if they get involved with contracts, the consequences are unimaginable.

A casino can send you an airdrop, and you might win 99 times, but just one time is enough to take you down.

✅ Thoughts and Conclusions

I personally believe that crypto exchanges should introduce risk protection mechanisms for minors and elderly clients. This is something traditional financial institutions should learn from. Everyone wants to make money, but protecting the money of the elderly and children is perhaps more important. This also reflects the social responsibility of a company after it grows.

The crypto space is a newly born industry without regulation, full of chaos and disorder, but also countless opportunities to make money.

I believe decentralized finance has a bright future, but we need to build and protect it.

Years later, I may proudly introduce DeFi to my parents, but for now, I really can't.

I hope the crypto space gets better and better.

End of text.