Currently, the reform of Binance Alpha's first phase is considered complete 📢
Currently, the Alpha activity has gone through the following four phases to reduce competition
High score phase
✅ Distribution situation: Big players require slightly lower scores than small players
✅ Issues that have arisen:
User level: High scores are not accepted due to account bans, etc., airdrops can't be fully claimed, and the required scores are increasing based on the number of participants
Project side level: Large chips are provided, but there is excessive selling pressure, making it hard to control the market
First and second stage score phase
✅ Distribution situation: All projects are claimed in the first and second phases
✅ Issues:
User level: Small players are unwilling to waste the first phase opportunity to claim, all are wearing down scores waiting for big players, the earnings situation is the lowest among the four phases
Project side level: Chips provided are slightly less than the first phase, but selling pressure is too high, making it difficult for some projects to control the market
First come, first served phase
✅ Distribution situation: Big players score in the first and second phases, small players first come, first served
✅ Issues:
User level: All airdrop requirements have low scores, can claim without thinking, studios are mindlessly increasing scores at this stage
Project side level: Chips provided are slightly less than the second phase, making it difficult for a small number of projects to control the market
Low score that can't be grabbed, first come, first served phase
✅ Distribution situation: Big players score in the first and second phases, small players first come, first served
✅ User level issues: All airdrop eligibility scores are low, and the quantity is small, retail investors can't grab them at all
Project side: Chips provided are few, and the project side can generally control the coin price
For the project side, under the current market conditions, these worthless projects have no ability or channels to successfully issue tokens, as these project tokens have no value, they are so-called air
Most projects can't even get listed on small exchanges, and going to DEX will have no liquidity at all
The emergence of Binance Alpha provided them with a channel for liquidity exit, and some projects with cards in hand can even stretch a wave of selling after accumulating chips at a low position while cooperating with various news, so these projects are eager to list on Binance Alpha
Projects listed in the first and second phases are basically all bottomed out, with the listing being the peak, because they provided an unmanageable amount of chips (retail investors, project sides, market makers, and studios all need to sell, but who will buy?)
Binance and the project side have also realized this problem. From the third and fourth phases, they began to reduce the benefits distributed. Most projects, with the recovery of ETH, opened at the bottom, and subsequent trends have been rising (because less was given out, selling pressure is low), and this phase also coincides with Binance not cracking down on studios. Therefore, some retail investors in this phase were even counter-exploited (the number of airdrops is small, and most are taken by technology)
Therefore, in the latest phase, Binance began to verify and crack down on some studios, starting to balance the interests of retail investors and project sides to the greatest extent. Next, we will see the market's feedback (to see if Binance is satisfied with the number of users and trading volume after the reform)
#币安alpha