Discussing the Recently Controversial Binance Alpha Again
Recently, Binance's Alpha section has been quite controversial. The current controversy mainly revolves around Binance Alpha airdropping a large number of tokens to eligible Binance users. These tokens are often what project parties give for listing on Alpha or even for spot trading, and the amount given to Binance users is often much more than what is given to on-chain interacting users, raising questions about fairness.
1⃣Let's first look at the parties involved. 🔸Exchanges As the universe's largest exchange, Binance signifies strong attention and liquidity, making it the final destination for many project parties; whether actively or passively listing, there will always be certain chips given to Binance for Launchpool, BNBHolder, or IDO rewards. For exchanges, users, funds, and trades are what they value the most.
During this period, Binance has been promoting its own Alpha section crazily. Let’s talk about the beginning and end of this matter.
1⃣ Probably since last year, Binance has started to work on its own web3 wallet. Although in terms of experience, everyone thought it was a piece of shit at first (sorry, Binance, please don’t mind me saying it harshly, after all, even @heyibinance has complained about it), it is really not easy to use.
2⃣ Fortunately, there was a money distribution campaign called Megadrop later, which helped Binance Wallet regain some reputation. This trick of winning people’s hearts is always useful. In the early days, which one of Didi, Ele.me and Meituan did not rely on subsidies to acquire a large number of users?
The Binance Web 3 Wallet in collaboration with Lombard @Lombard_Finance is hosting an airdrop event. It is very important, and if you have BTC on hand, be sure to participate! For event rules, see Image 1.
Reasons to Participate:
1: Lombard is one of the leaders in the BTC staking ecosystem, with a high TVL. The airdrop is expected to be later than I predicted, after all, Babylong hasn't launched yet;
2: I have mentioned more than once that although Lombard's last round of financing was only 1 million USD, this amount was allocated to Binance Labs. From a traditional finance perspective, if this is a company that isn't particularly short on funds, why would they allocate a little bit more to Binance in the second round? What is the purpose?
3: The total prize pool is 300,000 $LBTC, but the participation threshold is 0.01 BTC, which is about 850 USD. The threshold is relatively high, which will reduce the number of participants.
The participation process is very simple: 1. Directly withdraw coins from the exchange to the Binance Web3 wallet's BTC mainnet (OKX withdrawal fee is 0.4 USD, Binance withdrawal fee is 2.5 USD) 2. Click on event registration, do not click Stake directly, then return to the exclusive airdrop page 3. Re-enter the event page, at this point you will see Image 2 4. Choose a month for the time, and click stake immediately.
Today's market is really a bit eye-catching, the screen is full of red. - After the Solayer airdrop, I sold 80% of $SOL between 180-190, leaving 20% for interactive plus. - In mid-February, many copycats were sold, all of which were replaced with $BTC and stablecoins $USDT and USDC. Although BTC has also fallen a lot, it is better than other coins. - All BTC was thrown into Lombard @Lombard_Finance for staking. Stablecoins have always wanted to find a suitable stablecoin staking project to throw in, but they have been busy with other things and have not taken action. They are still lying in CEX to earn interest. We say that we don't predict the top of the rise and the bottom of the fall, but when the risk really comes, can your position allow you to sleep well?
Binance web3 wallet × Solayer airdrop tutorial (freshly released, simple interaction, follow the map) 1. Open Binance web3 wallet, find exclusive airdrop on the homepage, click in 2. Find Solayer's activity 3. Click Stake Now 4. Enter the amount of SOL to be staked (if not enough, click the plus sign in the lower right corner to transfer to CEX), click Next 5. Confirm the investment (no picture)
Reasons for pressing the head: - The activity reward is 4X Solayer points and 10% annualized rate of return. - Solayer is likely to be listed on Binance (Binance investment, and Binance's activities), so if you have not done Solayer before, you can use this time to deposit more and overtake.
Some insignificant additions:
🔶The activity process is very simple, but I saw something different from it, which may also be the direction that Binance web3 wallet is trying. The whole interaction is different from other tasks. It is directly called by the contract, and the page is highly integrated. There is no need to go to a third-party page to connect to the wallet. The whole process is as smooth and simple as depositing a financial management in CEX.
🔶I feel that Binance web3 wallet is really improving a lot of things. From the perspective of product design, it allows users to blur the concept of chain and even the concept of wallet during the experience, so that users feel like they are using CEX when using web3 wallet. Of course, Binance web3 wallet still has a long way to go. As I said before, it is difficult to turn around a big ship, and it is impossible to start a new web3 stove with one-size-fits-all. It can only be continuously iterated and upgraded. I believe that there will be a better Binance web3 wallet in the future.
🔶For the cooperating project parties, it is natural to think that it is better if users can be directed to my own website, but in the face of absolute strength, many project parties will actually selectively support and cooperate. This is the energy of the largest exchange in the universe.
🔶For users, making money is of course the first priority, and it is even better if you have a good experience. Compared with several other task interactions, I think Solayer's highly integrated experience is better. I don't know what you think. Welcome to communicate in the comment section.
Binance's internal strategy adjustments seem to have been quite significant. 1️⃣ First is the meme resurgence on the BNB chain, 🗡️ referring to the SOL and ETH chains, the wealth creation effects of KOMA and Cheems, after all, the origin of the 'dog coin' chain was the BNB chain; 2️⃣ Secondly, @BNBCHAIN is laying out its strategy in the AI-related track (shouldn't be CZ leading this, right?), with a focus on DIN, currently the leading AI project on the BNB chain, with over 30 million users, daily active users exceeding a million, possessing a massive amount of data, and also being the official storage provider for BNB Greenfield, which can interact with Binance's web3 activities: bn-airdrop.din.lol 3️⃣ Finally, CZ has always been attentive to the education sector, and although there are currently no particularly outstanding ecological applications, it is still important to keep an eye on the listing of such new coins.
Aethir, which raised $9 million led by HashKey Capital, Sanctor Capital, Merit Circle, Citizen X, etc., completed its TGE in June this year and is now transitioning to decentralized governance. For more details, check the official blog: https://blog.aethir.com/blog-posts/decentralized-governance-shaping-the-future-of-aethir
With the decentralized governance of Aethir, let’s briefly discuss how to participate in decentralized governance: 1. Decentralized governance is well understood in web3; holding/staking tokens allows for participation in decentralized governance (voting with staked tokens).
2. Decentralized governance generally has a revenue model; referring to the decentralized governance of OP and Jup, the returns from staking votes are generally quite good.
3. What if the token price drops when participating in decentralized governance by staking? It is essential to maintain a coin-based mindset while holding tokens, regardless of whether it's ETH, BTC, or other tokens we have experienced many times. Concerns about price fluctuations can be hedged at certain positions.
4. The types of proposals in decentralized governance, taking Aethir as an example, generally include product development functions, product development direction, partnerships, and token economics (this part often includes reward proposals, essentially how dividends will be distributed later is determined through community voting).
5. The ultimate goal of decentralized governance is generally to balance interests and ensure fairness as much as possible.
Participate in staking: https://stake.aethir.com The staking period can be selected. Voting has not yet started, so please pay more attention.
Many friends should have started the Binance × CARV event a long time ago. I just started it because I was busy with other things these two days. I don’t know if I can still get the reward. And I guess doing the tasks directly on Binance may give more than the official website! 😅
CARV should be holding TGE soon. It has cooperated with many platforms before and after, and raised 50 million US dollars. It is worth doing it.
Total rewards: 1,000,000 $CARV and 30,000 USDC
After completing the task, the top of the activity page will show the number of Carv tokens and USDC you are expected to receive.
It is recommended to participate in one-time social tasks from the PC, and then sign in every day directly in the Binance app (signing in requires gas from the opbnb chain), which is convenient and saves trouble.
#MyFirstFeedPost Hello everyone, I am Nazarick Ainz-sama. Today is my first time to post on Binance Square. If possible, my tutorials will also be synchronized to Binance Square later!