Original Title: "Binance Alpha Heats Up, How to Participate in the Competition with a Better Strategy?"

Original Source: Deep Tide TechFlow

The airdrop model of Binance Alpha has been live for a month, and the reputation of the Alpha event "Basic Income Guaranteed" is gradually taking shape in the market discussion. The weekly "money giveaway" activities have gradually attracted even the initially skeptical and disinterested individuals to participate, bringing in a new group of users attracted by the rewards. As of May 29, Binance Alpha's daily trading volume has reached $17.6 billion.

Data Source: Dune - Binance Alpha 2.0 Exclusive Accurate Data, Author: @pandajackson42

With the increasing enthusiasm of the market towards Binance Alpha participation, Alpha points have been on the rise, and according to Twitter user @litangsongyx's statistics, in the latest Alpha event, the number of people with points ≥ 195 is close to 80,000, and the Alpha competition is gradually intensifying.

Success depends on adequate preparation. In the current high-difficulty version environment, if you want to start participating or are already striving to participate, having a suitable participation strategy is a must. Based on the current Binance Alpha event rules and market participation status, we have compiled a participation strategy tailored to the current version to provide you with guidance.

Reduce Point-Scoring Wear and Tear

Some people easily score points daily, earning thousands of dollars in monthly income, while others painstakingly chase points only to receive an airdrop and find that the airdrop rewards are barely enough to cover the wear and tear from point scoring. Some even end up losing money after investing both funds and effort. Behind this discrepancy lies not only the difference in entry timing but more importantly, each person's control over transaction wear and tear.

How can you use the current rules to minimize daily transaction wear and tear? Check out the playbook below ↓↓↓↓

1. Prioritize Trading BSC Assets: The current Alpha assets traded on the BSC chain receive double points. So, if you are not participating in a specific coin's Alpha trading competition (such as Sonic, Sui chain asset trading), when scoring points, prioritize BSC assets. Compared to assets on other chains, BSC assets can earn more points for the same transaction volume (wear and tear). Additionally, this rule attracts more liquidity into trading, so the slippage for BSC chain tokens is relatively lower.

2. Manual Transaction Slippage Setting: Binance provides two ways for Alpha trading: "In-platform Trading" and "Wallet Swap." The Alpha trading tool within the trading platform optimizes the trading process, making it easy for beginners to get started. However, the downside is that each trade requires manual adjustment of slippage and transaction gas. Failure to pay attention to these factors may result in higher slippage. On the other hand, trading within the Binance wallet allows the system to match the best trading path, minimizing transaction slippage as much as possible. Users trading a single asset only need to set a custom slippage once, and they can also choose to enable MEV protection.

3. Choose Different Trading Pairs: On the BSC chain, assets are not limited to USDT pairs. You can try BNB pairs or the "Alpha Asset/Alpha Asset" pair, which may bring some surprise slippage.

4. Preferably Choose Coins in Range-bound or Uptrend: Since the daily trading time window for a single account is generally limited to about ten minutes, when selecting a coin for trading, you should not only consider the coin's trading volume and liquidity but also observe the specific price trend. Based on our tests, under unchanged conditions, trading a token that is currently in a small-scale (1-5 minutes) uptrend can minimize slippage (usually within 0.05% or even 0 slippage). PS: Small-scale trends are unpredictable, so this method requires real-time monitoring while trading quickly to avoid increased slippage due to a downtrend.

How Many Points Should You Aim to Earn Every Day?

Given that the Alpha event follows a 15-day rolling points system, each 15 days constitute a points accumulation cycle. Therefore, under the current rules, how many points should one aim to earn per day to achieve a reasonable return? Based on the participation thresholds for the latest 10 Alpha airdrops/TGEs, even in the case of a "sunshine airdrop" where participation is widespread, the threshold has reached 190 points, meaning participants need to earn a minimum of 13 points daily. According to the points rules, for most users to meet the 13-point threshold, they need to have "Account Balance ≥ $100 (1 point) + Daily Net Buy ≥ $4,096 (12 points)."

Earning 13 points per day is only sufficient to claim one airdrop/participate in one TGE per cycle. With the current airdrop amount hovering around $100 per claim, earning one airdrop in 15 days is clearly insufficient to cover daily effort and transaction costs. Considering the previously calculated approximately 0.05% slippage per trade, for most small-budget users, the following two strategies strike a balance between capital requirements and operational frequency within two points-claiming cycles (30 days):

1. Account reserves $200, conducts wash trading of BEP-20 tokens on the BSC chain through the BNB trading pair, with a daily net buy-in exceeding $8192, earning 14 points (Trading Volume Points) + 1 point (Asset Points). A total of 15 points per day can be earned, accumulating to 225 points over 15 days. On average, you can claim airdrops 4-6 times in two wash trading cycles.

2. Account reserves $1200, conducts wash trading of BEP-20 tokens on the BSC chain through the BNB trading pair, with a daily net buy-in exceeding $16384, earning 15 points (Trading Volume Points) + 2 points (Asset Points). A total of 17 points per day can be earned, accumulating to 255 points over 15 days. On average, you can claim airdrops 8-10 times in two wash trading cycles.

3. If the deposit is ≥ $10,000, you can earn an additional point based on the above wash trading criteria, totaling 18 points per day, accumulating to 270 points over 15 days. On average, you can claim airdrops 10-12 times in two wash trading cycles.

How to Use Points Wisely?

Having a strategy for wash trading is not the only consideration; there is also an art to utilizing the earned points effectively.

Optimal Utilization Mechanism

The current frequency of Alpha activities is approximately 4-6 projects launched per week, with occasional instances where you can participate in two projects on the same day.

Since the airdrop claim window for activities is 24 hours, a mechanism akin to a BUG has emerged based on the choice between "Claiming Airdrops on the Project Launch Day" or "Claiming Airdrops on the Day After the Project Launch": For example, on the current date (May 29), if your points total 195 and the participation threshold for today's activity is 194, choosing to claim the airdrop on May 29 would result in your account having 195-15=180 points on May 30. If the participation threshold for May 30 is 190, you would not be able to participate in the May 30 airdrop;

However, by exploiting this "BUG" (i.e., claiming the airdrop on the day after the project launch), on May 30, with 195 points, you can claim the airdrops for both May 29 and May 30 activities. If you follow this approach, your account would have 195-30 (points consumed for 2 airdrops) = 165 points on May 31. This equates to utilizing the BUG to claim an extra airdrop under the same conditions. If two Alpha activities are launched on May 30, you could even claim two airdrops under the same conditions.

Twitter user @litangsongyx created an Alpha Historical Event Data Dashboard: https://litangdingzhen.me/. The dashboard meticulously organizes the specific distribution and redemption information for each Alpha project per period based on on-chain records, as well as predicts potential token reissues based on the rules.

Participation in Subsidy Events

To promote Alpha participation and support various projects launching on Alpha, Binance has launched a trading competition. Within a specific timeframe, reaching a certain ranking in trading volume for specific tokens (varying for each token) allows participants to receive corresponding token rewards. Through the author's testing, it's not too difficult to qualify for ranking rewards while participating reasonably and moderately on a daily basis. For example, in the $AIOT trading competition, ultimately receiving 230 $AIOT tokens (about $70) covered most of the wear and tear from trading.

In addition to trading competitions, there are also single-token trading reward events with relatively simple thresholds. For example, the $SOPH trading event launched on May 28 only takes a few minutes to complete the entire process. The specific process is as follows: Enter "SOPH" in the Binance customer service window to find the event registration entrance → After successful registration, buy $100 worth of $SOPH in the BN Wallet → Withdraw the $SOPH in the wallet to the trading platform (this step rewards 150 $SOPH) → Sell the $SOPH spot on the trading platform (this step rewards 150 $SOPH). Completing the above operations allows you to receive 300 $SOPH rewards after the event, valued at around $20.

Ever-changing Market, Dynamic Strategy Adjustments

As of May 29, in the current version, the average earnings for each period of Alpha activities 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 threshold will become higher and the rewards for each period's activity may also decrease. As an individual user, while diligently accumulating points, it is also important to adapt specific participation strategies accordingly, balancing the erosion of funds, time and energy expenditure with expected returns.

Although dividends are valuable, while actively participating, pay attention to potential systemic/non-systemic risks, and DYOR.

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