Today @ethsign's Alpha airdrop standard has been released, where 65 points can be exchanged for 1500 $Sign, which is worth about $68 at the off-market price. I found that many people still do not know how to most effectively accumulate points, so I will clarify it for everyone and share my experience.
The Binance wallet Alpha calculates points based on the distribution of funds and purchase volume you have on Binance over the past 15 days, and the screenshot above shows the specific scoring method. ~~~~~~~~~~~~~~~~~~~~~~~ Point Accumulation Efficiency:
Simply put, the more money you have in Binance, the less you need to buy Alpha tokens. However, there is a limit; even if you have more than $100,000 in Binance, the maximum points you can earn in 15 days is only 60 points.
In the future, the threshold for each airdrop and new listing will likely exceed 60 points, so just depositing money without trading won't work. My strategy is to deposit $9,000 worth of BNB into a fixed-term savings account and keep 3 BNB in the wallet for IDOs, so I can enjoy almost all benefits and always have a baseline of 30 points.
Now, regarding trading volume points, this determines whether you can efficiently meet the requirements with minimal loss. For example, as stated in the table, if you purchase $500 each time versus $512 each time, you will differ by 1 point, so try to operate according to the purchase amounts in the table to improve efficiency.
If you have less money, make multiple smaller purchases. For instance, if I am 30 points away from my target score, I would buy $33 (5 points each time) 6 times. ~~~~~~~~~~~~~~~~~~~~~~ Point Accumulation Target:
I believe Binance can see the data of all users, and to ensure the value of airdrops and new listings, they will likely filter out a group of people through elimination at the end.
So this time it’s 65 points, next time it could be 70 or 75 points. My personal safe target is 80 points, and currently, each account has reached or exceeded this. If next time the requirement is 70 points, then my target will be 85 points, always leaving a buffer.
~~~~~~~~~~~~~~~~~~~~~ Trading Strategy:
Now, let’s talk about Alpha's trading strategy. Firstly, I generally only trade varieties that I am familiar with, for example, recently I have only traded $Skyai. I know this project relatively well; it’s very stable, and I don't panic even if I get trapped for a short time.
Most of the time, I won’t buy and sell quickly because that would just incur pure losses. I usually buy in batches when the price drops and sell all at once when the price rebounds.
Of course, this carries secondary risks. If you don’t want to take on that risk and want to buy and sell quickly, remember to choose the price priority mode when trading, rather than success priority, as it can limit slippage and losses.
As shown in the picture, buying at $513 would incur about $3 in loss; buying and selling back and forth 6 times would grant you 54 points while incurring $18 in costs, reducing the thrill of the airdrop.
If you are unlucky and buy Alpha during a crash without selling, then the airdrop will likely not cover your losses.
Thanks to @binancezh for the invitation. Although I can't go to Dubai this time (I just went to HK at the beginning of the month, and it's really too far), I will go and experience it sooner or later.
This time I chose to post it on Twitter and watch it on WeChat Moments. @sisibinance @yaya_bnb
Suddenly discovered that @elonmusk's money has significantly increased, $240 in half a month, which is three times the last half month, and twenty times the first two weeks of March???
At this rate of growth, could it really be possible to live comfortably just by relying on Twitter?
Damn, Binance can't stand the difference between futures and spot prices, so they made a big move:
Skipping the step-by-step accumulation of increasing fees, as long as the fee is fixed, I will directly hit it with a charge once every hour. So from the first day of lifting the market, something like Alpaca will let the shorts enjoy a 48% steel knife serving for a day.
What will be the subsequent effects of this system? I feel that the price manipulation and gaming rhythm, mainly focused on contracts, will become faster nowadays, and battles that could originally entangle for several days and gradually escalate will likely end in one or two days?
It's a bit like playing Texas Hold'em when you skip several rounds of calling, directly throwing in big chips or going all-in, and you only have to judge right away whether to follow or give up, missing the stages of chip accumulation and getting deeper into the game.
I don't know what the intention of this move is, but it indeed reduces the fun of the game; let's see how it goes.
Today the threshold has been raised again. Many people thought it would be a big deal, but it opened at $30, and people were cursing while selling.
But if this price doesn't rally, I feel it's somewhat unworthy of the system Binance has rolled out today. After all, whether using the three-tier theory or any other theory for analysis, if you want the horse to run, the horse has to eat more 🌿😂😂
To be honest, this project is not well-known. For it to be chosen by Binance at this critical moment, it shouldn't be slapped in the face with a price of $30, right?
During the last interview in Hong Kong, @cz_binance was specifically asked about the 'retirement monster' issue of holding $BNB, and at that time, Big Brother's answer was quite heartwarming.
However, this time, the experience of @initia's new investment feels very low. I did a rough calculation:
Investing 1000 $BNB from the first minute can earn 1372 $INIT. Based on an average selling price of 0.65, one can earn a total of $890, which is close to the earnings from participating in $Hyper IDO with 4 wallets, but the cost difference is 83 times (12 BNB vs 1000 BNB).
I’ve seen many complaints in the group about the retirement monsters' pensions decreasing, and they might need to go out and work to support their families soon 😂😂😂.
I just inquired about why the Pool's earnings have been so low lately. The probable reason is that during times of poor liquidity, to help the project team stabilize the market, a portion of the Pool’s shares is temporarily reduced.
The role of this Pool share is somewhat like a reservoir; when liquidity is ample, it can be higher, allowing for benefits to the 'retirement monsters' on one hand, while on the other hand, reducing the excessively high FDV opening caused by overly optimistic market sentiment.
So, when the market isn't doing well, tighten your belts a bit, work a little harder, and start brushing up the wallets of your relatives. Who knows, you might end up with even more earnings.
Hang in there, and wait for the market to warm up.
A long time ago, someone questioned me why I was always reluctant to show my face in public, always covering my face or using a magic mirror.
Not only do I dislike showing my face, but I also hardly socialize with unfamiliar people. The car I drive in real life is quite ordinary, and the friends in the crypto circle who have visited my home can be counted on one hand. The address for friends in the crypto circle to send me gifts is often passed around through several people.
What am I afraid of?
I have spent more than a decade in traditional industries, much longer than most new wealthy individuals in the crypto space, and I have started businesses in multiple sectors. From Switzerland, Japan, Hong Kong to India, Bangladesh, I have lived in cities ranging from Beijing to second-tier and even fifth-tier cities for at least 3 months to as long as eight or nine years, giving me somewhat richer life experiences.
I have seen close people around me being kidnapped, and I have witnessed partners being set up by multinational companies and imprisoned for years. I have seen people who became rich overnight end up being trapped and exploited, and I have helped friends survive severe online harassment (one was in severe depression and nearly committed suicide).
Having seen too much darkness and the evil of human nature, I have been very cautious about protecting my personal privacy since I entered the crypto space.
I also hope everyone can have this basic awareness, especially when abroad, to protect themselves and not rush to flaunt wealth. What @keyahayek said earlier about needing just a small knife and a drink in Southeast Asia to make you feel hopeless is not just a scare tactic.
This time, the Dragon King created this anti-fraud space, which is quite good, raising awareness for more people to protect themselves. Once you are truly wealthy and more people know about it, there will be many who target you.
Do you really think you are so amazing that you can withstand a team studying you for years through 'social engineering'? They can understand you better than your parents, or even you yourself.
If you are a public figure in politics or business, it might be a bit better; others may have some hesitation. But don't forget, most of us are just ordinary traders in the crypto space, and to those with ulterior motives, we are merely moving wallets.
《“Insider Trading President”: When the Dark Forest of Cryptocurrency Enters the White House》
Last night, I was chatting with a foreign friend about the Trump coin major shareholder banquet. He joked that Trump has made insider trading above board, and he should be called the “Insider Trading President.”
Everyone feels deeply that we once thought cryptocurrency was being “de-barbarized,” moving towards compliance and institutionalization. But Trump and his confidants seem to be going in the opposite direction, bringing the most “wild” and speculative tactics from the crypto world back to Wall Street and the political arena.
It's quite ironic.
Here are a few examples: 1. Before taking office, he launched meme coins, not only releasing them himself but also getting his whole family involved, becoming the final blow to the liquidity on the chain.
-> Doesn’t it resemble a well-known crypto developer launching a coin, followed by a bunch of rug pulls?
2. His son creates a small crypto organization, allowing donations to be exchanged for chips to buy, with the “presidential coin camp” label attached.
-> Doesn’t it resemble project teams paying KOLs for promotions?
3. He uses rhetoric to influence the stock market, and before the government issues good news, not only does his family buy in, but he also encourages his close circle to buy in, boasting without any concealment about their profits.
-> Doesn’t it resemble how crypto big shots and their small teams operate? ~~~~~~~~~~~~~~~~~~~~~~
This Trump coin major shareholder banquet is almost identical to many projects that create verification WeChat groups for big investors. Now, I’m starting to suspect he is tokenizing “loyalty,” creating a “political version of the Web3 loyalty” system.
“$TRUMP is a proof of faith,” if you buy, I’ll remember you—this is somewhat like Web3 projects doing POAPs and loyalty points. In the future, political support might be directly tokenized, using NFTs/tokens to distinguish “core supporters vs bystanders.”
If future banquets become regular, like every few months/year, there might be significant political rent-seeking opportunities and potential for quid pro quo, much more reliable than Buffett’s dinners which are only famous but not profitable.
For instance, if my business wants to gain Trump’s political protection, but my circle is a bit low-tier, I can’t even get close to Trump’s entourage, or I would get hit with a lot of kickbacks from intermediaries. What should I do? I might as well buy more $Trump coins to become a big investor, and then I could sit at the presidential dinner table, easy, right?
I could also sell it later to the next person wanting to align with the president, and who knows, I might even make a profit, sounds great.
~~~~~~~~~~~~~~~~~~~~~~ Trump has set an interesting precedent for American presidents.
On the surface, making money seems to be Trump’s unique talent, but in reality, his ability to identify and exploit loopholes in the system is his true gift. While most congress members are still expressing clumsy misunderstandings about cryptocurrency and Web3, this old man has quickly learned and utilized it for massive profits.
And this “Web3 governance” paradigm might be imitated by more politicians in the future, after all, if you can do it, why can’t I?
Previously, the presidential family profited quite discreetly, as they had some sense of shame. Trump, this time, is doing it openly, even daring to put it on the blockchain.
~~~~~~~~~~~~~~~~~~~~~~ Conclusion: An Ironic Cycle
We once hoped that Web3 would be a replacement for traditional finance, a fair and transparent new order. Ironically, the ultimate reality is that the old order has absorbed the wildest practices of the crypto world, reshaping the power structure itself.
Trump may not be a crypto fundamentalist, but he has indeed promoted the combination of crypto and politics, right in the most powerful government on this planet.
I feel like today should be a good time for many old memes/ai agents to escape. I don’t believe that so many junk memes are manipulated by market makers. They are just jumping out of the blue.
I cleared out all the small junk in the corners of my wallet that I forgot to sell. I will continue to buy new ones instead of old ones, unless they are already listed on the contracts/spots/Alpha of the big exchanges. Otherwise, I can’t think of any good valuation method to support their continued rebound.
Back to a year and a half ago, if you had told me:
The US president issues meme coins High-level cabinet members organize a crypto dinner US civil servants face massive layoffs due to Doge The White House tweets about a shitcoin
I would have thought you were crazy
Now I have no doubt that even more outrageous things could follow, with the Mad King on stage, anything is possible.
Recently, it feels like various new launch platforms have become the focus of the race, and it seems that there are now more platforms than the golden dog.
Just a few that I have been paying attention to: https://t.co/a1nt4BgAG8 Dominant, with countless representative works
LaunchLab Challenger launched by Raydium, representative work $Time
https://t.co/HG19Kd8KzE Ai16z's Shaw is doing it himself, representative work temporarily none
Clanker Meme launcher on BASE, representative work $Clanker
https://t.co/BxdiI6Iref Meme launcher on Bnbchain, recent representative work $Skyai
In addition, there are some launchers focused on the AI field, or what you might call an App Store.
For example, Myshell, Arc fun, virtuals Genesis, etc.
In the future, in addition to at least one leading meme launcher for each chain as a standard configuration, which chain's meme launcher has the most wealth-creating effect, can create the most excitement, and can attract market attention and liquidity will also become the focus of competition.
This poses a significant challenge for the operational teams of launchers to create excitement and find high-quality, capable meme teams.
For instance, a couple of days ago I tried the @virtuals_io launch pad Genesis, at that time the new launch of $Holly and $Skyai were almost simultaneous, and coincidentally due to my wallet being heavily invested in $Virtual, I was able to participate by using points.
Their model is also an oversubscription model, and the final result returned nearly 99% of the total investment, with the peak market value reaching about 3.5M. Calculating by returns, it was still quite good, achieving 30-40 times.
However, the point system threshold prevented many retail investors who did not hold $virtual before the announcement from participating, and the strength of $Holly's backers is really not on the same level as $Skyai. Most retail investors who participated only made tens to hundreds of dollars.
So ultimately, the market's focus turned to the huge airdrop benefits on the bnbchain side.
I have already given suggestions to the project team; this point system may need to be rethought in the future. It should become a weapon to attract more people rather than a barrier that distracts attention.
If you want users to willingly hold $Virtual long-term (whether it's real buying or hedging) to gain access, then there needs to be a more explosive wealth-creating effect to capture the market's attention, for instance, $Holly should not have a market value of 3.5M, but rather 35M, or even more. Because users are taking on greater risks and have shown more loyalty, their expectations will be higher.
In this regard, examples from @four_meme_ and @SKYAIpro are quite notable; this result greatly exceeded expectations, so I have no doubt that the next presale will become a grand event across the network.
Of course, the Malaysian prince, having experienced the bull markets of Virtuals and Luna, should be quite knowledgeable. As long as the AI market continues, I believe virtual Genesis should also be one of the trendsetters. Moreover, @sal_hotpot666 has also gone, you all can definitely do it, keep it up.
Recently, it feels like various new listing platforms have become the focus of the race, and there are already some platforms that seem to outnumber the golden dogs.
Just casually counting a few that I've followed: https://t.co/a1nt4BgAG8 Dominant, representative work countless
LaunchLab Challenger launched by Raydium representative work $Time
https://t.co/HG19Kd8KzE Shaw from Ai16z is doing it himself representative work temporarily none
Clanker Meme launcher on BASE representative work $Clanker
https://t.co/BxdiI6Iref Meme launcher on Bnbchain recent representative work $Skyai
In addition, there are some launchers focused on the Ai field, or what you could call an App Store.
For example, Myshell, Arc fun, virtuals Genesis, etc.
In the future, in addition to having at least one leading meme launcher for each chain as a standard, which chain's meme launcher has the most wealth creation effect, is the most active, and can attract market attention and liquidity will also become the focus of competition.
This is a significant test for the ability of the launcher operation team to be active and to find quality, capable meme teams.
For instance, a couple of days ago I played with the @virtuals_io launcher Genesis, at that time the new listing of $Holly and $Skyai was almost simultaneous, just because my wallet was somewhat stuck with $Virtual, I had points to play around.
Their model is also a super fundraising model, and the final result returned almost 99% of the total investment, with the peak market capitalization reaching around 3.5M, which is quite good in terms of return multiples, reaching 30-40 times.
However, the points threshold also kept a large number of retail investors who did not hold $virtual before the announcement from participating, and the strength of the $Holly whale and $Skyai is just not on the same level, so the market's attention ultimately focused on the giant airdrop benefits on the bnbchain side.
I have already suggested to the project party that this points system may need to be reconsidered; it should become a weapon to attract more people rather than a threshold that obstructs attention.
If you want users to willingly hold $Virtual long-term (whether by real purchase or hedging) to obtain tickets, then it needs to have a more explosive wealth creation effect to win the market's attention, such as $Holly not being a 3.5M market cap, but rather 35M or even more. Because users bear greater risks, contribute more loyalty, their expectations will be higher.
In this regard, the examples of @four_meme_ and @SKYAIpro are quite striking; this result greatly exceeded expectations, so I have no doubt that the next presale will become a grand event across the internet.
Of course, the Little Prince of Malaysia, having experienced the bull markets of Virtuals and Luna, should understand this well; as long as the AI market continues, I believe virtual Genesis should also be one of the trendsetters. Moreover, @sal_hotpot666 has also gone; you will definitely make it, keep it up.
I encountered a car 🚗 passing by, took a glance and immediately stepped on the gas to catch up and snap a photo.
BAYC 88
Most likely one of the brothers who suffocated the dream of the big monkey @BoredApeYC back in the day. In 2022, I also tried several times to photograph license plates starting with BAYC, but unfortunately, I didn't get a combination I liked and gave up.
In 2022, the peak value of an ordinary big monkey was 500,000 USD, today the floor price is 22,800.
Fortunately, I didn't capture it, otherwise, seeing that plate every day would really make me feel my heart ❤️ being stabbed, reminding myself that I was also a big leek back then.
Don't easily try actions that may accompany you for a long time on crypto projects, like my friend who tattooed the $KSM logo on his arm during the Polkadot era, or when I painted a graffiti wall at home, now every day seeing the centered $ETH makes me feel poked.
Now I only believe that $BTC will last.
By the way, is anyone interested in my ETHUP license plate? I'm selling it at a bargain price 😭😭😭 I'll keep the BNB for now.
I saw someone in the group caught a bug in @bitgetglobal's market-making robot today and manually made off with several million from them, but I don't know if this guy withdrew the money in time before showing off in the WeChat group, otherwise he's probably been risk-controlled now.🤣🤣🤣
If I don't play basketball today, I estimate I could have had a big feast with $Voxel as well, I see people making profits from all angles, the shorts are really having a tough time.
But it's impossible to earn every penny, and I'm not regretful; at least I made some profit from $Skyai. Plus, after walking for a full five hours, I've met my exercise goals for today, very satisfied.
Recently, one must be cautious when shorting old altcoins on Binance; it has become noticeably harder to make a profit.
Some low-quality altcoins are starting to pump, likely because they fear being delisted from Binance, and also because they have indeed dropped very low. If the whales are still around, their cost for accumulating tokens is low. If there are many people shorting, they can push the price up to squeeze shorts and still make a profit.
From a psychological perspective, the whales of small altcoins have the advantage.
Because the downside has limited space, the shorts can make at most 1x profit; however, if the price is pushed up and the whales have strong control and capital, they can indeed pump it several times or even ten times, leading to significant losses for the shorts.
So either wait for a fierce short squeeze to open a position, or find a seemingly strong whale to open a long position closely, but if there are too many people riding the wave, one must be careful that the whales might take the opportunity to cash out.
Last night, there was another group-style collapse, especially $Luce, which was once a target that many people, including me, were optimistic about and liked.
Although I got on the train late, I still got more than 500,000 floating profits. In the end, I couldn't bear it until I had only 30,000 dollars left. Now it seems that I left, otherwise it might have been completely reduced to zero.
It is not clear what caused this chain collapse, but it is certain that another large amount of liquidity has been withdrawn from meme coins.
Looking back now, the meme szn used to be supported by the dealer group, not just by the consensus of retail investors. You bought some coins that made you rich, and you might just be in the same boat with the dealer.
It should be difficult for the big V to return to the meme that has been abandoned in the short term. After all, even $ACT, which has a Binance spot shell, is almost going in a straight line. New memes are still coming in every day, and there is more discussion. As expected, they are playing with new things instead of old ones.
After two consecutive collapses, it is estimated that more people will give up their fantasies and sell off the old meme coins that are stuck in their hands. Other dealers that have not collapsed may also consider withdrawing.
On the one hand, Bitcoin is still at a high level and even has the intention of counterattack, while the copycat VC coins are squeezing out water, and on the other hand, the meme coins are collapsing.
This market is really contradictory, unprecedented
I just saw in the group that someone had their WeChat hacked and sent out messages about OTC U, resulting in someone being scammed out of 50,000 U.
Since I don't know the person who was affected, I cannot verify it further, but I suggest being cautious. In any situation involving large amounts of money, try to verify through two social media channels.
For example, WeChat + TG, or WeChat + Twitter. This way, the difficulty for social engineering attacks would significantly increase. After all, they would need to hack both of your main social media accounts at the same time, which is much harder than hacking just one.
I said a long time ago that WeChat is not 100% secure. My friend lost 150,000 U because they sent their complete private key over WeChat, and back then, some people doubted that Tencent could steal private keys.
But now the best approach is to initially question everything online as being unsafe. Any single social communication that involves large amounts of money needs to be verified.
《Overseas Dog Fighting Tool: Is the Second One Going to Crash or Engage in High-End Business Warfare?》
Waking up from a deep sleep, I found that friends in the overseas trenches were wildly discussing a piece of news: @bullx_io might no longer be safe, urging everyone to withdraw their assets quickly to avoid a crash.
This reminded me of DEXX, which had exploded in the Chinese community, so I immediately went to sort out the event timeline.
Cause of the event: About 8 hours ago, it seems that the major dog fighter @Nuotrix issued a warning, claiming that "Bullx has run away with 80%" and this quickly spread like wildfire, currently reaching 270,000 views. His arguments included:
- The team's CEO deleted their TG account, - No customer service team anymore, all inquiries redirected to a bot - Deleted a bunch of high commission links - Issues with withdrawing commissions and other problems
His accusations quickly received responses from many people, with someone posting screenshots of the TG group, showing that at least two executives, including the CEO, had their TG accounts changed to deleted status.
Additionally: - The team's last Twitter update was on February 10, a full two months ago! (I am genuinely shocked; foreigners still dare to continue using this) - In such a massive crisis of messages, the team members only posted a brief rebuttal on Twitter with no further follow-up, which is a stark contrast to the bot teams commonly used by the Chinese.
After the news spread rapidly, a large amount of capital began to withdraw from Bullx for safety reasons.
My judgment: It's still too early to say there will be a crash, and we cannot rule out that this is a FUD attack against Bullx.
The dog fighting bot sector, as the strongest printing machine in the current cycle narrative, has recently also become a competitive red sea, and we often see some bizarre competitive tactics emerging.
Everyone knows that a TG account showing a deleted status is sometimes not necessarily due to personal deletion; it could also be banned due to mass reporting. Some in the comments have said that the customer service based on Discord is still operational.
Since I am not a Bullx user, I cannot confirm this, but theoretically speaking, a tool that has been operating for such a long time, holding almost as much market share as Photon and making a profit, running away by deleting their TG account without any security incidents is rather hard to believe.
Although recently @AxiomExchange's entry into the market has had a significant impact on market share, as far as I know, there is still considerable capital interested in the dog fighting tool market.
In the future, whether selling to existing players for integration or to new owners hoping to enter the dog fighting tool battlefield would be the best choice, rather than using strange methods to run away.
In fact, there have long been rumors about Bullx wanting to trade; whether I am a competitor or a potential trading party, there is a strong motivation and incentive to employ some small tactics to strike.
In the past period, @haze0x complained about GMGN and frequent, massive DDos attacks, and the malicious apps occupying space on the IOS app listing have caused delays, with occasional walling situations appearing in certain countries.
Whether in Web2 or Web3, as long as enormous profits are involved, business warfare has never been conducted solely in the sunlight.
Summary: If you have assets in @bullx_io, it is indeed worth considering moving them, after all, there are now more tools to choose from, and there is no need to take risks. But I feel that the possibility of Bullx collapsing outright is low.
The competition in the dog fighting tool market has begun to enter a heated stage, early players may face a washout and reorganization, while new players are still gearing up. With the entry of large capital and the anticipation of issuing tokens, the survival space for early grassroots teams will be squeezed, and eventually, we may see a situation similar to the Perpdex sector, where giant players and small to medium players fill in the remaining space.
We small investors can just wait to get a taste of the soup; they will have to please us end users, and there will definitely be a wave of airdrops with substantial rewards.
I’ve only been playing with @Lighter_xyz for a short while, how can Perpdex still crash? Luckily, @Backpack opened a hedge position before going to bed yesterday.
I originally thought their depth could hold up, but it really can't handle praise.
Recently, Perpdex has obviously become a hot track, with many top players competing to become the next Hyperliquid, and their points system is much more sophisticated than the previous generation’s @dYdX and @aevoxyz, which just relied on brute force to accumulate points. Additionally, the official rules are not disclosed, so you need to figure it out yourself.
I personally think this is a good thing; at least it increases the difficulty for scripts to farm points, which can help retain genuine on-chain contract users and reduce the possibility of arbitrage.