Original | Odaily
Author | Dingdang
On X platform, Binance's Alpha points activity has recently become a hot topic in the crypto community. Some have shared their earnings charts, others have shared operation strategies, and even KOL He Bi (@hebi555), known for "farming" activities, jokingly said to "mobilize the entire village" to participate. Jokes aside, this trend has real attractiveness.
According to 0xCrypto Wizard (@Cryptowushi), as of April 25, Binance's recent airdrops (including wallet IDO and Alpha activity) involved 11 projects, with individual account earnings reaching up to 859 USDT. Looking at last night's 1500 SIGN airdrop alone, currently valued at around 177 USDT, the earnings are easy and stable. Compared to the uncertainty of on-chain project airdrops, Binance's returns are incredibly comfortable for players.
Chaos of On-Chain Farming, Exchanges Rewrite Game Rules
Once, on-chain project airdrops were a paradise for farming players. Participating in a new project and completing a few simple tasks would earn free tokens, seemingly a "zero-cost" good deal. However, this paradise is no longer peaceful. The 2024 ZKasino incident is still fresh in memory: the project team ran away with 3.3 million dollars of user funds, the token went to zero overnight, and players lost everything. Similar runaway cases are endless, with X platform users complaining that "90% of on-chain airdrops are traps". More troublingly, the token distribution time of on-chain projects is often far away, requiring players to invest months or even years, with potentially minimal returns or even being "counter-farmed". Scam traps are everywhere, with phishing links disguised as airdrops causing heavy losses.
In contrast, exchanges like Binance, with their financial strength and regulatory compliance, provide a stable farming environment. Taking Binance Alpha points as an example, users can obtain transparent and substantial returns through simple asset holding and token purchases. Moreover, the exchange's activity rules are clear, rewards are quickly realized, and players don't need to worry about the project team's integrity. Additionally, large platforms like Binance have rich project resources, meaning potential airdrop opportunities are continuous, with high investment return potential.
Of course, after Binance establishes this model, other exchanges may follow suit. As competition intensifies, airdrop thresholds will certainly become higher, and airdrop values may decrease. But currently, exchanges have indeed become a "safe haven" for farming players.
Today, Odaily will explore new "wealth-making" opportunities on exchanges with our readers.
Binance Alpha Points: Unlocking High Returns' Secret
The Binance Alpha points system is the core of this farming trend, aimed at attracting users to its Web3 ecosystem (Alpha platform and wallet). Its charm lies in its simple mechanism yet rich returns, easily accessible to ordinary players.
The core of Alpha points is assessing user activity, determining participation in TGE or airdrops. Points are based on asset balance snapshots over the past 15 days (including USDT, BNB, etc.) and Alpha token purchase volume, updated daily. Selling Alpha tokens doesn't count towards points, encouraging players to continuously hold or trade. Purchasing Alpha tokens is a "point accelerator", while holding other assets can steadily accumulate points, suitable for users with different risk preferences.
The entry point is on the Binance App homepage: click the Binance Logo in the top left, enter "More Services", find "Alpha Points" under the "Information" tab. Users can also add it to "Quick Access" for convenient future viewing.
There are many Binance scoring strategies online, so I won't elaborate. Here's a guide compiled by player @btguagua:
Usually, opportunities favor pioneers, with early participants often receiving higher returns. Binance's subsequent airdrop thresholds will certainly become higher, as clearly seen from the recently announced rules, with point requirements increasingly stringent.
Coinbase Newcomer Benefits, Low Threshold Leveraging High Returns
Coinbase's new contract trading activity is another example of exchange airdrop fever, targeting first-time contract trading users. Participants need to register a Coinbase account, complete KYC verification, and execute a minimum 10 USDT trading volume in the contract trading market to receive 200 USDT rewards.
The activity has caused a stir because it's open to mainland users, with mainland phone numbers acceptable, but requiring a Hong Kong utility bill. Bills can be purchased on Taobao or Xianyu starting at 50 yuan. However, almost all stores are now fully booked, with potentially higher fees. A special note is that these stores originally served visa applications and other purposes, so readers must confirm with merchants whether they're suitable for Coinbase registration to avoid ineffective spending.
Additionally, this activity may use a bonus pool model, and the activity might end if the fund pool is exhausted.
Below is a carefully compiled Coinbase exchange activity farming guide by player Juan Bai (@GoldenCicada), hoping every reader can successfully participate and gain rewards!
