Binance ALPHA has entered a heated competition, how can we participate with better strategies?

CN
2 days ago

Advantages are born from the details.

Written by: Deep Tide TechFlow

The Binance Alpha points airdrop model has been online for a month, and the reputation of the Alpha event "Basic Earnings Guaranteed" is gradually taking shape through ongoing discussions in the market. The frequent "money-sprinkling" actions several times a week have gradually brought in those who were initially hesitant and skeptical, attracting a new batch of users drawn in by the earnings.

As of May 29, the daily trading volume of Binance Alpha has reached $1.76 billion.

Data Source: Dune - Exclusive accurate data for Binance Alpha 2.0, Author: @pandajackson42

With the increasing enthusiasm for participation in Binance Alpha, Alpha points have also surged. According to statistics from Twitter user @litangsongyx, in the latest Alpha event, the number of people with points ≥ 195 is close to 80,000, and the Alpha competition is gradually heating up.

To do a good job, one must first sharpen their tools. In the current high-difficulty version environment, if you want to start participating or are already trying to participate, a suitable participation strategy is essential.

Based on the current Binance Alpha event rules and market participation, we have compiled a participation strategy that adapts to the current version for your reference.

Reduce Score Grinding Wear

Some people easily grind points daily, earning thousands of dollars a month, while others struggle to catch up and finally receive an airdrop, only to find that the airdrop earnings barely cover the wear from grinding points. Some even spend money and effort, ending up losing instead of gaining. This disparity is not only due to different entry times but also significantly influenced by each person's control over trading wear.

How can you use the current rules to keep daily trading wear to a minimum? Here are the tips ↓↓↓↓

  1. Prioritize trading BSC assets: Currently, trading Alpha assets on the BSC chain can earn double points. Therefore, unless participating in specific coin Alpha trading competitions (like Sonic or Sui chain assets), we should prioritize BSC assets when grinding points. Compared to assets on other chains, BSC assets can earn more points for the same trading volume (wear), and this rule also attracts more liquidity into trading, resulting in relatively lower slippage for BSC chain tokens.

  2. Manually set trading slippage: Binance provides two methods for Alpha trading: "exchange entry" and "wallet exchange." The Alpha trading tools within the exchange optimize the trading process, making it easy for beginners, but the downside is that each trade requires manual adjustment of slippage and trading gas. If not careful, this can lead to higher wear; whereas trading within the Binance wallet, the system will match the optimal trading path, minimizing slippage, and users only need to manually set a custom slippage once for a single token trade, with the option to enable MEV protection.

  1. Choose different trading pairs: Assets on the BSC chain are not limited to USDT trading pairs; you can try BNB trading pairs or "Alpha asset/Alpha asset" trading pairs, which may yield different slippage surprises.

  2. Try to choose coins in a range-bound or upward trend for trading: Since the daily trading time for a single account is generally controlled within about ten minutes, when specifically selecting trading coins, in addition to observing the trading volume and liquidity depth of the coins, you should also monitor the specific price trends. Based on my testing, under unchanged conditions, trading tokens that are in a small upward trend (1-5 minute level) can minimize wear (usually within 0.05%, sometimes even achieving 0 wear). PS: Small-level trends can be unpredictable, so this method requires observing while grinding, aiming to complete quickly to avoid incurring higher wear from downturns.

How many points to grind daily is most appropriate?

It is known that the Alpha event operates on a 15-day rolling point system, so every 15 days constitutes a grinding cycle. Under the current rules, how many points need to be earned daily within 15 days to achieve relatively suitable earnings?

Based on the recent 10 rounds of Alpha airdrop/TGE participation point thresholds, even for "sunshine-type" airdrops, the participation threshold has already risen to 190 points, indicating that participants need to earn at least 13 points daily. According to the point rules, for most users, to meet the 13-point threshold, they need at least "account balance ≥ $100 (1 point) + daily net purchase amount ≥ $4,096 (12 points)."

However, earning only 13 points daily is just enough to claim one airdrop/participate in one TGE per cycle. Given that the current single airdrop earnings are around $100, grinding for 15 days to only claim 1 airdrop is clearly insufficient to cover daily effort and trading wear expenses.

Based on previous calculations of approximately 0.05% wear per trade, for most small fund users, within two grinding cycles (30 days), the following two strategies are relatively suitable in terms of balancing capital requirements and operation frequency:

  1. Reserve $200 in the account, grind points by trading BSC chain tokens through BNB trading pairs, with a daily net purchase amount exceeding $8,192, earning 14 points (trading volume points) + 1 point (asset points), totaling 15 points daily, accumulating 225 points over 15 days, allowing for an average of 4-6 airdrop claims over two grinding cycles.

  2. Reserve $1,200 in the account, grind points by trading BSC chain tokens through BNB trading pairs, with a daily net purchase amount exceeding $16,384, earning 15 points (trading volume points) + 2 points (asset points), totaling 17 points daily, accumulating 255 points over 15 days, allowing for an average of 8-10 airdrop claims over two grinding cycles.

  3. If the deposit is ≥ $10,000, you can also earn an additional point on top of the above grinding, totaling 18 points daily, accumulating 270 points over 15 days, allowing for an average of 10-12 airdrop claims over two grinding cycles.

How to use points appropriately?

Not only should there be a strategy for grinding points, but there are also nuances in how to make good use of the points.

Rationally Utilize the Mechanism

The current frequency of Alpha events is about 4-6 projects launched each week, with occasional cases where two projects can be participated in on the same day.

Since the deadline for claiming airdrops from events is 24 hours, based on the choice of "claiming airdrop on the project launch day" or "claiming airdrop the day after the project launch," a mechanism similar to a bug has emerged: Suppose currently (May 29), your points are 195, and today’s event participation threshold is 194. If you choose to claim the airdrop on May 29, under unchanged conditions, on May 30, your account points will be 195-15=180 points. If the participation threshold for the May 30 event is 190, then you cannot participate in the May 30 airdrop.

However, if you exploit this "bug" (i.e., claim the airdrop the day after the project launch), on May 30, you can claim the airdrops for both May 29 and May 30 with 195 points. If you do this, on May 31, your account points will be 195-30 (points consumed for 2 airdrops)=165 points. This effectively allows you to claim an extra airdrop under the same conditions. If two Alpha events are launched on May 30, you could even claim two extra airdrops under the same conditions.

Twitter user @litangsongyx has created a historical activity data dashboard for Alpha: https://litangdingzhen.me/, which details the specific distribution and claiming information for each Alpha project based on on-chain records, as well as predictions for potential token reissues based on the rules.

Participate in Subsidy Activities

To promote enthusiasm for Alpha participation and support various projects launching Alpha, Binance has introduced trading competition activities. During specific times, achieving a certain ranking in trading volume for specific tokens (different for each token) can earn corresponding token rewards.

Based on my testing, maintaining reasonable and moderate participation daily makes it not too difficult to qualify for ranking rewards. For example, in the $AIOT trading competition, I ultimately received 230 $AIOT (about $70), which can cover most of the wear generated from trading.

In addition to trading competitions, there will also be trading reward activities for individual tokens, with relatively simple thresholds. For example, the $SOPH trading event launched on May 28 can be completed in just a few minutes. The specific process is as follows: Enter "SOPH" in the Binance customer service window to find the event registration entry → After successful registration, go to the BN wallet to buy $SOPH worth $100 → Withdraw the $SOPH in the wallet to the exchange (this step rewards 150 $SOPH) → Sell $SOPH on the exchange spot market (this step rewards 150 $SOPH). Completing the above operations can earn a reward of 300 $SOPH after the event ends, currently valued at around $20.

The market is unpredictable; dynamically adjust strategies

As of May 29, the average earnings from each Alpha event in the current version range from $100 to $150, with participation point thresholds fluctuating between 190 and 205. As the number of participants in the Alpha events increases, a visible trend is that the participation thresholds will become higher, and the rewards for each event may decrease accordingly. As individual users, while diligently grinding points, it is also important to adjust specific participation strategies, paying attention to the balance between capital wear, time and energy expenditure, and expected returns.

While the bonuses are valuable, it is essential to be aware of potential systemic/non-systemic risks while actively participating. DYOR.

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