Two weeks ago, Binance launched the new coin prove @Succinct . During the alpha event, it was quite generous, with a single order of about 100 coins worth over 100U, and those with enough points enjoyed it. Today, I found that the trading volume for its spot trading activity is about to end. I saw the rewards interface showing a quota of 1.4 million tokens and a trading volume of less than 500 million, and I thought it was a big deal, looking forward to boosting the trading volume.
But when I slid down to look, I found that Binance had actually implemented this tiered system. With so many coins, they are reluctant to give them all at once, dividing the rewards into three tiers: 0-100K-200K. The current reward is 450K coins, which is approximately 550K U at the current price. Assuming that by the end of the event, the transaction volume reaches 600 million, then for a transaction volume of 1wu, you could get around 9U worth of coins, with transaction fees deducted by BNB plus rebates. There’s still some meat, but less than before. In the last ERA, many people made a lot, and it became the most promising coin.
The fewer rewards there are, the less there is to take. I was thinking about stacking the rebate coupons, and I could still get something. I clicked to open the rewards center, and it’s a disaster. It takes 450 points to exchange for a 10U cashback coupon. I don’t know when this was secretly changed; previously, 175 points could be exchanged for 75U. I’ve been saving points for over a month, and now the points are worthless. Which skinflint took advantage of Binance so much that they suddenly raised the transaction fee prices? The channels for earning points are already limited, and now the points are worthless. Accumulating points is harder than accumulating alpha points.
Prove is a decentralized prover network developed by Succinct Labs, focusing on zero-knowledge proofs (ZK) technology, aiming to provide efficient, secure, and low-cost proof generation services for blockchain and decentralized applications. $PROVE is the native utility and governance token of the network, used to pay for proof fees, provide economic security through staking, and participate in network governance. $PROVE #SuccinctLabs