Suggestions to Optimize Binance Alpha Points System
To lower the participation threshold, increase flexibility, and control point accumulation, it is recommended to establish three point redemption tiers: 15 points, 30 points, and 45 points, with a proportionate decrease in the amount of currency received, balancing user benefits and platform costs. Optimized mechanism
15 points tier - Low threshold
- Suitable for users with lower points or frequent participants
- Redemption amount: 100 coins (base amount)
30 points tier - Medium benefits
- Suitable for users with medium points seeking higher returns
- Redemption amount: 160 coins (10% less than 15 points)
45 points tier - High benefits
- Suitable for users with higher points seeking maximum single redemption benefits
- Redemption amount: 200 coins (further reduced from 30 points)
Flexible multi-tiered options to meet different user needs and lower participation thresholds. The encouraging decreasing ratio motivates users to weigh points against returns, promoting point consumption. The design to control point accumulation reduces the pressure of rush purchases, optimizes point circulation, and lowers airdrop costs.
Through multiple tier selections and decreasing ratios, user participation increases, point accumulation decreases, and a balance between platform costs and user benefits is achieved. This addresses the current issue of users being unable to obtain points due to high balances, incentivizing users to earn more points. Of course, more tiers can be added, as the current point system redemption is too slow. @Yi He @CZ