The Binance Alpha Point program has gradually changed the distribution of airlines on the cryptography market. However, the requirement to receive paratroopers continues to increase. He has now exceeded 200 points, which has made many investors feel too difficult to succeed.
Despite this, the commercial volume of tokens in the Binance Alpha program continues to increase. He has reached new heights, indicating that the trend still shows no signs of cooling.
Traders need 233 alpha points from Binance to receive Airdrops
At the time of writing the editorial time, Open Loot (OL) is the last tokens for the distribution of airlines. However, Binance now obliges traders to win 233 Binance alpha points – the highest level of all time.
“Users of eligible binances with at least 233 alpha points from Binance can claim an airline of 1,836 OL tokens,” said Binance.
An HC Capital report shows that Binance Alpha Points regularly increased from 150 points on 9 to more than 200 points in June.
As Beincrypto previously reported it, users must exchange more frequently to earn enough points. This leads to higher negotiation costs and increased exposure to risks.
Even when users reach the required points, there is no guarantee of high profits. The prices of the tokens fluctuate. In many cases, yields are not enough to justify the time and money that users have spent.
The data show that if the occasional requirements continue to increase, the benefits (measured from peaks of all time) continue to drop. As a result, many traders have decided to stop.
“223 points with Binance Alpha. Received 88 Fly = 29 $. Okay, I leave Binance Alpha now. Goodbye,” said investor Apollosync.
In addition, according to the Bowy channel, the Alpha point threshold has already succeeded 200, which makes the program unsuitable for small accounts. He also shared a video criticizing a Chinese user who would have cultivated Alpha points using several accounts. If this is true, it creates an unfair advantage in the distribution of stands.
Trading volume always increases
However, not everyone is pessimistic. The data on the Analytics dune chain paint a different image. The commercial volume against Binance Alpha Tokens continues to grow and has even reached heights of all time, exceeding $ 17 billion.
The data also shows that around 460,000 traders actively participate in the program, an increase of 100% compared to May. This suggests that although some small investors leave, the Binance Alpha program always attracts a large amount of capital of others.
This growth probably stems from Binance’s incentive policies. For example, each transaction on the BNB channel has the double alpha points. In addition, Binance offers very low transaction costs. This allows merchants to repeat their businesses quickly without incurring high costs.
These conditions are particularly attractive for large investors, who can maximize their profits by exploiting this system.
However, for small traders, income points through small transactions become too expensive. Over time, they are gradually pushed out of the game.
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