Jessy, Golden Finance
The requirements for participating in Binance Wallet TGE are getting higher and higher!
Previously, the popularity of Binance Wallet's exclusive TGE brought a lot of data and new users to Binance Wallet, making it the most popular Web3 wallet. Participating retail investors also received relatively generous returns in the TGE with a lower threshold. The requirements for the token airdrops and TGE activities in Binance Wallet in the past five times have become higher and higher. Whether it is an exclusive TGE activity or an Alpha airdrop activity, there are requirements for the user's Alpha token trading activities.
These requirements were originally required to purchase any Binance Alpha tokens on an exchange or wallet, and later there were requirements for the transaction amount, from the initial 20U to 50U, 100U... Until April 25, new regulations were issued, and the Binance Alpha Points scoring system was launched. Binance will judge users who have airdrop qualifications and participate in TGE activities based on the points ranking.
How Alpha Points work
The 12th Binance Wallet exclusive TGE, launched on April 25, has already used Alpha Points to determine who is eligible for the airdrop. According to Binance’s announcement, users who meet the subscription qualifications this time must have at least 45 Binance Alpha points.
The calculation of its points system is divided into two parts, one is based on the number of users’ assets, and the other is based on the value of the Alpha tokens traded. The details are as follows:
The threshold of 45 points this time can be met if there are more than 10,000U assets in Binance Exchange or wallet in the past 15 days. Or buy 8U Alpha tokens for 15 consecutive days.
As soon as this rule comes out, it also indicates that it is becoming more and more difficult for users to get wool. And for specialized wool-pulling studios, the cost is also greatly increased. The introduction of this set of points system by Binance also has the effect of preventing witches.
From the perspective of operation, under the restrictions of such a set of rules, it will also greatly improve the loyalty of users to Binance Exchange. It is conceivable that more users will move their funds to Binance Exchange in order to obtain airdrop qualifications, which will also increase the frequency of users' transactions on Binance Alpha tokens.
At present, according to this set of points rules, it is relatively easy for users with insufficient assets to obtain points through transactions. As long as they trade Alpha tokens multiple times, they can meet the requirements. For example, if you only need to trade Alpha tokens with a price of more than 128U 7 times or more, you can meet the points requirements for the 12th TGE.
Summary:
Whether it is an exchange or an airdrop or TGE activity in its wallet, it is a benefit to users on the surface. In fact, it is a way for exchanges to maintain users and make data for their various new products. Whether it is Binance or several other exchanges, they are actually gradually raising the threshold for airdrops and TGE.
The increase in the threshold is actually a good thing for real users. By raising the threshold, the real loyal users of the exchange are screened out. When the total amount of the reward pool is constant, the number of users who meet the requirements will decrease, and the amount of airdrops allocated to real users will also increase. For the exchange, this will also greatly improve user stickiness.
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