Binance Alpha New Regulation Insights
Binance recently announced new regulations for its Alpha activity, sparking concerns among users. However, the impact might not be as significant as thought. Here's a breakdown ¹:
Key Points to Consider
- *Coins Traded Beyond 30 Days*: Alpha coins traded for over 30 days still count towards trading volume, but without a multiplier. This means users can continue earning points, albeit at a different rate.
- *Gas Wear on Refreshing Coins*: New coins can be volatile, making gas wear unpredictable. Stablecoins like KOGE offer more control over gas wear, making them a preferred choice for many users.
- *Trading Volume and Points*: With the new regulations, daily trading volume for most users might drop to one-fourth of previous levels, leading to decreased points. However, this could also lower the threshold for future airdrop points.
Adapting to the New Regulations
To navigate these changes effectively:
1. *Continue Supporting Binance Alpha*: Avoid making rash decisions based on short-term concerns.
2. *Monitor New "Stablecoins"*: Keep an eye out for new coins with TGE within 30 days that might offer a fourfold trading volume bonus. Prioritize these coins if available.
3. *Maintain Trading Volume*: Continue trading at previous volumes without blindly increasing them.
Future Outlook
Binance might optimize and reform these regulations as they aim to promote trading of new coins. Staying informed and adaptable will be key to navigating these changes successfully ².