- Alpha Point evaluates user engagement daily by calculating balance and purchase metrics over a 15-day period to determine eligibility for token airdrops.
- Balance Points reflect total holdings of spot and Alpha tokens in both Binance CEX accounts and non-custodial wallets to boost users’ scores.
- Volume Points reward Alpha token purchases, granting one point per $2 spent and adding points for each doubled investment to increase scores.
Binance has announced the Alpha Point system, a new addition that will reward users for being active participants in the world of Binance. The scoring system gives users the chance to participate in Initial DEX Offerings and Alpha token airdrops that encourage them to remain actively involved in the platform.
What is Alpha Point and How Does It Work?
Alpha Point is a user activity scoring system that evaluates engagement within the Binance ecosystem, specifically the Binance Alpha platform and Binance Wallet. Points are earned based on asset holdings, trading activities, and purchases of Alpha tokens. The system is designed to identify dedicated users, rewarding them with exclusive access to token launches and airdrops.
The Alpha Point system is updated daily, taking into account users’ 15-day asset balance and purchase volume of Alpha tokens. The system emphasizes the importance of holding and purchasing Alpha tokens, as selling them does not contribute to the score. This ensures that users who maintain consistent engagement with the platform are rewarded accordingly.
How to Calculate Alpha Points?
Alpha Points are calculated using two main factors: Balance Points and Volume Points.
Balance Points (Hold) are awarded based on the total amount of spot tokens and Alpha tokens a user holds in their Binance account and wallet. The more tokens a user holds, the more points they will accumulate.
Volume Points (Volume) are acquired when users purchase Alpha tokens. The scoring mechanism awards one point for each $2 of Alpha tokens purchased, with more points accumulating the higher the investment. This mechanism encourages users to invest in more tokens to raise the score.
Both components combine to form the total Alpha Point score, determining eligibility for events like IDOs and airdrops.
Monitoring and Maximizing Alpha Points
Users can also quickly verify their Alpha Points in the Binance app via the “Alpha Points” section. This enables users to monitor their progress and adjust strategies to optimize their score. Holding a balance of at least $100 in funds and buying Alpha tokens in regular intervals will enable users to lock in their position in upcoming opportunities.
By prioritizing engagement, the Alpha Point system ensures that Binance rewards its most active users, offering them exclusive access to key events in the growing Web3 ecosystem.
