The Binance Alpha Point program gradually changed the air drop distribution in the encryption market. However, the point requirements to receive air drops continue to increase. Now, more than 200 points have made it feel that it is becoming too difficult for many investors to succeed.
Nevertheless, the token trading volume of the Binance Alpha program continues to increase. It reaches the new top score, indicating that there is still no sign of cooling.
Traders need 233 Binance Alpha points to get air drop.
At the time of writing, Open Loot (OL) is the latest token set for air drop distribution. But Binance now requires traders to get 233 Binance Alpha points.
“Binance users with at least 233 Binance Alpha points can claim air drops of 1,836 OL tokens.
According to HC Capital’s report, Binance Alpha Points has steadily increased from 150 points on May 9 to 200 points in June.
According to the previously reported by Ink Crypto, the user must trade more often to get enough points. This increases the transaction fee and increases the exposure to risks.
Even if the user reaches the point where you need it, it cannot guarantee high profits. Token prices change. In many cases, profits are not enough to justify the time and money spent by the user.
Data has continued to increase point requirements, but profits (measurements at an all -time high) have been shown. As a result, many merchants decided to quit.
Apollosync said, “We received 223 points with Binance Alpha.
In addition, according to Chain Bowy, Alpha Point thresholds have already passed 200 to make the program inadequate for small accounts. He also shared a video that criticized Chinese users who farming alpha points using multiple accounts. If it’s true, this creates an unfair advantage in air drop distribution.
Trading volume is still increasing
But not everyone is pessimistic. Chain data from Dune Analytics draws different pictures. The trading volume of Binance Alpha tokens continues to grow, exceeding $ 17 billion and the highest high.
This data is also actively involved in this program of about 460,000 traders, and it is 100% higher than in May. This suggests that some small investors are leaving, but the Binance Alpha program still attracts a lot of capital from others.
This growth seems to be from Binance’s incentive policy. For example, each transaction of the BNB chain calculates a double alpha point. Binance also offers a very low transaction fee. This allows the trader to repeat the transaction quickly without high cost.
These conditions are especially attractive for large investors who can maximize profits, especially using this system.
However, small traders cost too much to get points through small transactions. Over time, the game is gradually pushed out.
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