Original | Odaily (@OdailyChina）
Author | Ding Dang (@XiaMiPP）
On the X platform, Binance's Alpha points activity has recently become a hot topic in the crypto community. Some have shared their earnings charts, others have shared operation strategies, and even the KOL known for "farming" rewards, He Bi (
@hebi 555), jokingly said "mobilizing the whole village" to farm together. Jokes aside, there is real attraction behind this trend.
According to 0x Crypto Wizard (@Cryptowushi), as of April 25, Binance's recent airdrops (including wallet IDO and Alpha activities) involved 11 projects, with individual account earnings reaching up to 859 USDT. Looking at last night's 1500 SIGN airdrop alone, which is currently worth about 177 USDT, the earnings are easy and stable. Compared to the uncertainty of on-chain project airdrops, Binance's returns are incredibly comfortable for players.
On-chain Farming Chaos, Exchanges Rewriting the Rules
Once, on-chain project airdrops were a paradise for farming players. Participating in a new project and completing a few simple tasks would earn free tokens, seemingly a "zero-cost" good deal. However, this paradise is no longer peaceful. The 2024 ZKasino incident is still fresh in memory: the project team ran away with 30 million USD in user funds, and the token became zero overnight, leaving players with nothing. Similar runaway cases are endless, with X platform users complaining that "90% of on-chain airdrops are traps". Even more troublesome is that the token issuance time of on-chain projects is often far away, requiring players to invest months or even years, with potentially minimal returns or even being "counter-farmed". Scam traps are everywhere, with phishing links disguised as airdrops causing heavy losses.
In contrast, exchanges like Binance, with their financial strength and regulatory compliance, provide a stable farming environment. Taking Binance Alpha points as an example, users can obtain transparent and substantial returns through simple asset holding and token purchases. Moreover, the exchange's activity rules are clear, rewards are quickly realized, and players don't need to worry about the project team's integrity. Additionally, large platforms like Binance have rich project resources, which means potential airdrop opportunities are continuous, with high investment return potential.
Of course, after Binance has established this model, other exchanges may follow suit in the future. As competition intensifies, airdrop thresholds will certainly become higher, and airdrop values may decrease. But currently, exchanges have indeed become a "safe haven" for farming players.
Today, Odaily will explore new "wealth-making" opportunities on exchanges with our readers.
Binance Alpha Points: Unlocking High Returns
The Binance Alpha points system is the core of this farming trend, aimed at attracting users to its Web3 ecosystem (Alpha platform and wallet). Its charm lies in its simple mechanism yet rich returns, easily accessible to ordinary players.
The core of Alpha points is to assess user activity and determine whether they can participate in TGE (Token Generation Event) or receive airdrops. Points are based on asset balance snapshots from the past 15 days (including USDT, BNB, etc.) and Alpha token purchase volume, updated daily. Selling Alpha tokens does not count towards points, encouraging players to continuously hold or trade. Purchasing Alpha tokens is a "booster" for points, while holding other assets can also steadily accumulate points, suitable for users with different risk preferences.
The participation entry is on the Binance App homepage: click the Binance Logo in the top left corner, enter "More Services", and find "Alpha Points" under the "Information" tab. Users can also add it to "Quick Entry" for convenient future access.
There are already many Binance scoring strategies online, so I won't repeat them here. Here's a strategy compiled by player @btguagua:
Usually, opportunities favor pioneers, and early participants often receive higher returns. Binance's subsequent airdrop thresholds will certainly become higher, which is already clear from the rules announced in the past few days, with point requirements increasing.
Coinbase New User Benefits: Low Threshold, High Returns
Coinbase's new contract trading activity is another example of exchange farming fever, targeting users trying contract trading for the first time. Participants need to register a Coinbase account, complete KYC verification, and execute a minimum of 10 USDT trading volume in the contract trading market to receive 200 USDT rewards.
The activity has caused a sensation because it is open to mainland users, mainland phone numbers can be used, but a Hong Kong utility bill is required. Bills can be purchased on Taobao or Xianyu starting from 50 yuan. However, almost all stores are now fully booked, and fees may be higher. A special point to note is that these stores originally served other purposes like visa applications, so readers must confirm with the merchant whether it is applicable for Coinbase registration to avoid ineffective spending.
Additionally, it should be noted that this activity may use a bonus pool model, and the activity may end if the fund pool is exhausted.
Below is a carefully compiled Coinbase exchange activity farming strategy by player Juan Bai (@GoldenCicada), hoping every reader who sees this article can successfully participate and receive abundant rewards!
