Spent tens of thousands, everything was smooth sailing, didn't lose a dime. Just thinking if the system was blind today and planning to take more, suddenly a facial recognition verification popped up in the middle. As soon as I completed the facial scan, they directly deducted the money. This operation is so outrageous that I want to bow to the system.
#Binance alpha's logic for listing projects has changed, and it's completely different from before.
In the past, when Binance listed projects, it mainly looked at on-chain data. Project teams would desperately create on-chain interactions and fake data to get listed, while profit-seekers would come to engage in interactions and grab airdrops. Then, in order to encourage these profit-seekers to help with data, project teams had to distribute tokens to them.
But that’s not the case anymore; Binance has realized this approach is ineffective. Why? Because there could be a thousand addresses on-chain, but they might all belong to one person. These profit-seekers aren’t depositing money into the exchange, and new users and new funds aren’t coming in. For the exchange, the biggest fear in running a casino is having no one entering the game.
Now, Binance places importance on real-name KYC users. Products like BN Alpha require you to use a real-name account to open a non-custodial wallet, ensuring that one account corresponds to one real-name user, with AI facial recognition essentially eliminating multiple accounts from profit-seekers.
From the exchange's perspective, real-name users are the valuable new users who can deposit, trade, and bring true liquidity. Project teams aiming to get listed on Binance’s main site and BN Alpha have also changed: They no longer cater to profit-seekers but rather to real-name KYC users.
As a result, airdrops are becoming rarer, and it’s increasingly difficult for profit-seekers to benefit. Project teams are also no longer inflating on-chain data but are seeking ways to attract KYC users to participate, aligning directly with the exchange to secure listing opportunities.
Moreover, the overall market liquidity has worsened, the valuation bubble has burst, and there are fewer new entrants; nobody dares to buy at high prices. Many projects may hit a peak market value of $100-200 million, and opportunities like those of the past in the tens or hundreds of billions are becoming increasingly rare, unless they are special projects like $TRUMP.
In summary, the logic of Binance for listing and airdrops has shifted from on-chain data to a focus on real-name KYC users and directing deposit funds. We also need to change our mindset, no longer blindly engaging in on-chain interactions, but instead focusing on BN Alpha, BM main site projects, and real-name airdrop opportunities.
In the past few days, many cryptocurrency bloggers on Weibo, Zhihu, and Xiaohongshu have encountered account bans, and the evening CCTV 13 news confirmed this news.
This is the largest wave of account bans since May 19, 2021, targeting bloggers discussing Bitcoin and exchanges.
Those who previously claimed that the mainland would open up to cryptocurrencies can disperse.
$BTC breaks new highs, global asset market capitalization ranking officially surpasses Amazon, rising to 5th!
At the same time, the stablecoin $ bill has also been voted through and entered the revision process. The era of cryptocurrency assets is quietly rewriting the global asset landscape.
The battle of hundreds of billions in subsidies between exchanges is becoming increasingly intense. Today, Binance Wallet officially announced Sui and Sonic, and projects from the two ecosystems are expected to have an IDO or Alpha airdrop soon.
Bybit, on the other hand, has launched a staked version of the Alpha points airdrop, hinting at a competition with Binance Alpha, while OKX has a large million airdrop plan on May 5.
In April, the actual measured profit from Binance Alpha new token listing was 1385U for a single account in one month. If operating 10 accounts, a total of 13800U can be achieved in one month, equivalent to approximately 100,000 RMB.
Real Case: Alpha 12,765 USD traded, with a final loss of -209 USD. The experimental result shows that this method of operation is not very suitable for ordinary retail investors.
Binance's planning this time is really skillful, it can be said to be a modern version of the 'Feudal Lords Playing with Fire'. No one knows how many points will be needed to actually benefit, so we can only silently accumulate points.