Alpha Points on Binance

Binance just rolled out a new feature called Alpha Points, where you can rack up points in various ways, which then show up in the Alpha event. The perks from these points come as future airdrops. You can earn points by keeping your funds on Binance, referring friends, or through your trading volume (just buying, not selling). I can't recall the exact launch date, but a buddy of mine made over a grand from Alpha Points in the last two weeks, spending only about 40 to 50 bucks in fees to get those points. Now, everyone's talking about this feature. So, is it worth it to chase these Alpha Points for future airdrops?

There is nothing bad to earn Alpha points on Binance but do not hold your coins on an exchange because you are looking for Alpha points. If there are other ways to earn it than holding coins on Binance, it is good but if holding your coins is among the criteria, just avoid it.

haven't noticed such on my binance and i did not get an email notifying me lf this new Alpha feature that you mentioning, but having to generate a point that can be use for feature airdrop and nkw talking about using money to generate those points os somewhat a kind of risky thing and if is an investment suggestions o advice you do alot of research about it and dont jumps in just because your friend made such amount from it.

alpha points can sure be profitable!! but it kind of depends on how you approach it. your friend was just a bit lucky to make over $1k with only $40 - 50 in fees but not everyone will get the same result. binance is using this feature to increase trading volume, referrals and locked funds so they benefit either way. if you already trade, hold funds on Binance or have referrals then collecting alpha points makes sense because you are not going out of your way or risking extra money. but if you are only doing it just to chase possible airdrops! you should be careful. the rewards are not that guaranteed and the fees can easily become more than what you get in return.

You're basically trading meme for points or any new coin with high volatility. The caveat is that your profit earned from claiming token might not outweigh the loss incurred but if you're able to figure out the most efficient way you could definitely make profit. So if you're interested it's worth a try, even better if you're already trading memes while you're at it. From my experience it's only worth to do if you can generate 32k volume daily or above.

I have no idea about those alpha points you're talking about, OP. And aside from that, Binance is no longer operational here in our country; their website is already blocked here, though we can still access it through their app. But just like what one of my colleagues here said, if you're only chasing those points, it really isn't a good thing to do, because your reason is too shallow if that's your only motive. It's still better to hold potential crypto assets that we truly have control over.

Been there. Done that. Binance alpha points have netted people good amount of stimmy so much that it could even count as side income that come almost every week because binance lists these projects almost every week on their alpha platform. The only caveat is that, you need to consistently maintain your points balance and that means you can miss out on any day because those points expire after 14 days. So anytime you miss out on earning the daily points, you miss out for like a week or two worth of stimmy.

Binance-Alpha Event: You can do this if you want because if you have an available amount, you can start. If you fulfill the criteria of Alpha every day, you will get points and you will get airdrop according to those points. However, you have to fill the trade volume very carefully. If you take too much or too little while trading, you will lose. If you can fill the trade volume by keeping hold and using some free for everyone then you can do Alpha.

Holding coins on Binance will give us daily points based on how big our volume. Impossible to get good profit without holding thousands of usd on binance. Let's say i'm holding 10k+ in binance. It will give me 3 points everyday. holding it for 15 days will give me 45points, which can be exchanged for airdrop three times. It's not worthy if we're only playing alpha based on the volume trade only. The more points we get, the more airdrops we can claim.

Thank you all so much for guidance and for sharing your useful comment. You all are absolutely right and we should never hold our coin on any exchange no matter if it is world’s number one exchange. We should always hold our coins in secure non custodial wallet and I personally do same. But for Alpha Points, more funds we hold on Binance more points we get just like @asriloni mentioned. As I mentioned earlier, I decided to start working in this Alpha because I was impressed by my friend and also after seeing profit from Alpha airdrop which is COAI. In that airdrop, Alpha users received 250 COAI tokens ( not all, Fcfs). Recently, COAI reached its new ATH  at price of $61 dollars and and if we calculate that it comes to around $15k dollars profit.

Sadly, i have not yet fast enough in getting COAI in FCFS round. However, i'm not feeling disappointed caused by might not patience enough to hold it even if i were getting it.   A part from that we face another problem is that memerush is pushing alpha to go even higher. It's all due to he Chinese and Vietnamese farmers who most probably used multiple accounts. You obviously need to have a proper strategy in order to minimize the fees. If you have pretty good funds, staking like 10k USDC or more onto the Binance earn, and have some more to trade on alpha. this will help you to cover some of your fees through the yield earned through binance earn.