Learn about Binance Alpha Points in one article and how to efficiently obtain TGE and airdrop opportunities

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ABMedia
04-29
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Binance recently launched Binance Alpha Points, a point system that measures user activity within the Binance Wallet ecosystem. The higher the points, the more eligible users are for TGE activities or Alpha airdrops. Is Alpha Points worth playing? How can you effectively increase Alpha Points? How can you generate trading volume at a low cost? This article will explain everything clearly.

What are Binance Alpha Points?

Alpha Points is a point system that measures user activity within the Binance Wallet ecosystem. Users can check their scores by entering "Alpha Points" in the search function. Points are calculated daily from 8:00 AM to 8:00 AM the next day (Taiwan time) and updated before 2:00 PM the same day. Alpha Points are based on the cumulative total of daily balance points and trading volume points over the past 15 days.

How are Balance Points Calculated?

Total asset balance, including all asset accounts on the Binance exchange and token assets in Binance Wallet.

  • $100 to <$1,000 = 1 point per day
  • $1,000 to <$10,000 = 2 points per day
  • $10,000 to <$100,000 = 3 points per day
  • $100,000 and above = 4 points per day

As you can see, balance points are capped at 4 points per day, which is just the basic score.

How are Trading Volume Points Calculated?

Trading volume points are based on the total asset trading volume of purchasing Alpha tokens on the Binance exchange and Binance Keyless Wallet:

  • $2 → 1 point
  • $4 → 2 points
  • $8 → 3 points
  • $16 → 4 points
  • $32 → 5 points
  • $64 → 6 points
  • $128 → 7 points
  • $256 → 8 points
  • $512 → 9 points
  • $1024→ 10 points

And continues to increase in multiples of 2.

How to Effectively Increase Alpha Points?

For today's TGE activity MilkyWay, Alpha Points require a threshold of 75 points. Even users with total asset balances over $100,000 (60 guaranteed points) cannot simply receive airdrops, showing Binance's goal of increasing trading volume. So how can you effectively generate trading volume to participate in future activities?

For the TGE with a limited quota of 3 BNB (approximately $1,800), daily balance points would be 2, totaling 30 points over 15 days.

Daily trading of $16: Trading points 4×15=60, total points 90

Daily trading of $32: Trading points 5×15=75, total points 105

Daily trading of $64: Trading points 6×15=90, total points 120

Daily trading of $128: Trading points 7×15=105, total points 135

As Binance continuously raises the Alpha Points threshold, the next activity's requirements will likely be even stricter. Since Alpha Points are calculated based on the previous 15 days, users with low points can only increase their scores by generating more trading volume recently.

How to Generate Trading Volume at a Low Cost? Is Alpha Points Worth Playing?

To avoid excessive slippage and trading spread costs, it's recommended to open Alpha and select tokens with high liquidity and low price volatility based on market value and trading volume. Set slippage settings during trading. Through testing, the author found that using BNB Chain to exchange Alpha tokens with BNB not only avoids fees but also minimizes costs. However, users are advised to compare carefully during actual trading.

After launching the TGE in the afternoon, Binance Wallet airdropped HAEDAL to users with Alpha Points of 80 or above in the evening. At the time of writing, with HAEDAL at $0.13, the airdrop of 356 HAEDAL tokens is equivalent to a $46 bonus.

Whether the points are worth generating is up to each user to decide!

Risk Warning

Cryptocurrency investment carries high risk, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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