Currently, the yield from Binance Wallet Booster tasks is quite good. In the current situation where Alpha airdrops are hard to grab, this could be another track for everyone to consider. How to proceed? Let’s take a look together:
🗒️ Learn about Booster activities
Booster activities are initiated by Binance to support emerging blockchain projects within the ecosystem. Users have the opportunity to share in the token airdrops of new projects by completing tasks such as staking assets (like ETH, USDT, BNB) to the designated Simple Yield fund pool and participating in community interactions.
These activities are usually closely related to the project's Token Generation Event (TGE). The tokens rewarded from the activity often have a lock-up period, meaning you will need to wait for some time before you can freely trade them after receiving the rewards.
📝 Participate in Booster activities
Participating in Booster activities generally follows these steps, but be sure to refer to the latest announcements from Binance:
1. Follow official announcements: First, you need to closely monitor Binance's official announcement channels (such as the official website and social media) to get the latest information on Booster activities. This is the starting point for all participation steps.
2. Confirm participation conditions:
· Hold a Binance non-custodial wallet: Many activities require participants to hold and have backed up a Binance non-custodial wallet.
· Meet Alpha scoring requirements: Some Booster activities (such as the previous BAS and Hemi activities) will have requirements for users’ Binance Alpha scores, usually requiring no less than 61 points. Alpha scores are typically related to users' activities on the Binance platform.
· Asset staking: Most activities will require you to stake a certain amount of specific tokens (such as ETH, USDT, BNB) into the designated 'Simple Yield' fund pool. For example, the Treehouse activity requires a minimum stake of 0.01 ETH.
3. Complete designated tasks: After meeting the basic conditions, simply complete the corresponding tasks according to the guidelines in the activity announcement, such as staking assets into the designated pool.
4. Wait for reward distribution: After the event ends, the rewarded tokens are usually distributed directly to your compliant account on the day of TGE (Token Generation Event) or within a day or two after the event ends. Please note that these tokens may have a lock-up period.
⚠️ Investment considerations
When participating in Booster activities, please pay attention to the following points:
1. Market risks: The cryptocurrency market is highly volatile, and the token prices of new projects may fluctuate significantly after listing.
2. Lock-up period risk: Reward tokens usually have a lock-up period during which you cannot sell these tokens, and you must bear the risk of potential price decline.
3. Project risks: Emerging blockchain projects may have uncertainties in technology, team, or business model.
4. Compliance risks: Different countries and regions have varying regulatory policies on cryptocurrencies; please ensure your actions comply with local laws before participating.
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