Binance Alpha is entering a heated competition. How to participate with better strategies?
Advantages arise from the details.Author: Shenchao TechFlow
The Binance Alpha points airdrop model has been online for a month, and the reputation of the Alpha activity "Basic Earnings Guaranteed" is gradually taking shape through ongoing discussions in the market. The frequent "money-sprinkling" actions several times a week have gradually attracted those who were initially skeptical to participate, bringing in a new batch of users drawn 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 of 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 activity, 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 activity rules and market participation situation, we have compiled a participation strategy that adapts to the current version for your reference.
Reduce Point Loss from Trading
Some people easily accumulate 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 point loss from trading. Some even spend money and effort, ending up losing instead of gaining. This stark contrast is not only due to different entry times but also significantly influenced by each individual's control over trading losses.
How can we use the current rules to minimize daily trading losses? Please see the tips below ↓↓↓↓
Prioritize trading BSC assets: Currently, trading Alpha assets on the BSC chain can earn double points. Therefore, if you are not participating in specific Alpha trading competitions for certain tokens (like Sonic or Sui chain assets), we should prioritize BSC assets when accumulating points. Compared to assets on other chains, BSC assets can earn more points for the same trading volume (loss), and this rule also attracts more liquidity into trading, resulting in relatively lower slippage for BSC chain tokens.
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 to get started. However, the downside is that each trade requires manual adjustment of slippage and trading gas, which, if not monitored, may result in higher losses. In contrast, trading within the Binance wallet allows the system to match the optimal trading path, minimizing slippage, and users only need to manually set a custom slippage once for a single token.
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 offer different slippage surprises.
Try to choose coins in a range-bound or upward trend for trading: Since the trading time interval for a single account is generally controlled within about ten minutes, when selecting specific trading coins, in addition to observing the trading volume and liquidity depth, you should also monitor the specific price trends. Based on my testing, trading tokens that are in a small-scale (1-5 minute) upward trend can minimize losses (usually within 0.05%). PS: Small-scale trends can be unpredictable, so this method requires you to observe while trading, aiming to complete quickly to avoid incurring higher losses from declines.
How Many Points Should You Accumulate Daily?
The Alpha activity operates on a 15-day rolling point system, meaning each 15 days is a point accumulation cycle. So, under the current rules, how many points do you need to earn daily within 15 days to achieve a reasonable return?
Based on the participation point thresholds for the last 10 rounds of Alpha airdrops/TGEs, even for "sunshine" 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 receive one airdrop/participate in one TGE per cycle. Given that the current single airdrop yield is around $100, receiving only one airdrop after 15 days clearly does not cover the daily effort and trading loss expenses.
Based on previous calculations of approximately 0.05% loss per trade, for most small-fund users, within two point accumulation cycles (30 days), the following two strategies are relatively suitable in balancing capital requirements and operation frequency:
Reserve $200 in the account, trade BSC chain tokens through BNB trading pairs, and maintain a daily net purchase amount exceeding $8,192 to earn 14 points (trading volume points) + 1 point (asset points), totaling 15 points daily, accumulating 225 points over 15 days, allowing for 4-6 airdrops on average over two point accumulation cycles.
Reserve $1,200 in the account, trade BSC chain tokens through BNB trading pairs, and maintain a daily net purchase amount exceeding $16,384 to earn 15 points (trading volume points) + 2 points (asset points), totaling 17 points daily, accumulating 255 points over 15 days, allowing for 8-10 airdrops on average over two point accumulation cycles.
If the deposit is ≥ $10,000, you can earn an additional point on top of the above trading volume, resulting in 18 points daily, accumulating 270 points over 15 days, allowing for 10-12 airdrops on average over two point accumulation cycles.
How to Use Points Wisely?
Not only should there be a strategy for accumulating points, but there are also nuances in how to effectively utilize those points.
Rational Use of Mechanisms
The current frequency of Alpha activities is about 4-6 projects launched each week, with occasional instances where two projects can be participated in on the same day.
Since the deadline for claiming airdrops is 24 hours, based on the choice of claiming the airdrop "on the day the project launches" or "the day after the project launches," a mechanism similar to a bug arises: Suppose currently (May 29), your points are 195, and today's activity 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 activity is 190, you will not be able to participate in the May 30 airdrop.
However, if you exploit this "bug" (i.e., claim the airdrop the day after the project launches), 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 activities launch 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 the enthusiasm for Alpha participation and support various projects launching Alpha, Binance has launched 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 trading losses incurred.
In addition to trading competitions, there will also be trading reward activities for individual tokens, with relatively simple thresholds. For example, the $SOPH trading activity 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 activity registration entry → After successful registration, buy $100 worth of $SOPH in the BN wallet → Withdraw the $SOPH in the wallet to the exchange (this step rewards 150 $SOPH) → Sell $SOPH on the exchange (this step rewards 150 $SOPH). Completing the above operations can earn 300 $SOPH rewards after the activity ends, currently valued at around $20.
The Market is Unpredictable, Adjust Strategies Dynamically
As of May 29, the average earnings from each Alpha activity in the current version range from $100 to $150, with participation point thresholds fluctuating between 190 and 205. As the number of participants in Alpha activities increases, the visible trend is that the participation thresholds will continue to rise, and the rewards for each activity may decrease accordingly. As individual users, while diligently accumulating points, it is also important to adjust specific participation strategies accordingly, paying attention to the balance between capital loss, time and effort expenditure, and expected returns.
While the rewards are precious, actively participating while being aware of potential systemic/non-systemic risks is essential. DYOR.
