As an old Alpha person, let me share some insights. Does everyone still remember their first Alpha airdrop? If it hadn't been sold back then, how much would it be worth now?
Mine was $SOHP on 5/29, and if I had kept 'the pattern', it would currently be worth 18.9U. Everyone is welcome to leave comments and share their first airdrop.
I have been raking in profits for over half a year, with total earnings around 2500 to 3000U. This amount is considered relatively small, but it should be passing. Looking back at the several waves of resignations faced in Alpha:
1. The first wave of resignations: early on, it was troublesome to brush trading volume and the wear and tear was high.
At first, I had no idea about my trading volume that day; I had to calculate each trading pair one by one, wearing out 3 to 5U, taking at least 30 minutes. In May and June, the airdrop rules changed or token prices plummeted, leading to a sharp decrease in user profits. At that time, there was also a wave of players shouting 'I quit / I resign.'
• Official optimization: Alpha coins have 4 times trading points. Costs have decreased, and the time cost has also been reduced to about 15 minutes, greatly improving the experience.
2. The second wave of resignations: Mainstream tokens $ZKJ / $KOGE flash crash, a tragic incident with a 50% squeeze.
During July, I often encountered market crashes, and the amount I was trading was directly halved, which was also when many players shouted to quit. This issue has not been truly resolved until now; I can only hedge myself:
• Official optimization: The (reverse order) function launched by Binance reduces holding time, which also reduces risk; at the same time, a new feature is introduced to check the daily trading volume. In addition, I don't know which expert released a super useful tool @alpha123cc, it suggests which coin is stable to trade, and it also has a bookkeeping function, greatly optimizing time costs.
3. The third wave of resignations: Competition among witch robot accounts is 'internal competition'
This is the highest wave of resignations in history. Coupled with fewer quality projects being listed in the bear market, the market has seen a bunch of 'witch numbers' with scores of 300 and 400 brushing their own tokens, forcing the points threshold from the early low scores all the way up to 240-250 points or more. Players can only be forced to increase funds and trading volume to keep up.
• Official optimization: Binance has massively blocked violating accounts, and there have been compensation incidents. After heavy penalties, there should be fewer people willing to take risks.
I have to say, thinking what the people think.
🎯 Final conclusion and operational suggestions
Should I continue or not? The key depends on your (balance points).
• Balance points 1 point: It is advisable to pause Alpha first and get the balance points sorted out, that is the way to go.
• Balance points 2 points: You can continue, but you need to control risks to avoid 'negative impacts' (loss). If you want to resign, it is recommended to maintain a 'semi-resignation state', with a daily trading volume of 512. This way, when Alpha has good news, you can quickly adjust and reconnect.
• Balance points 3 points: It should be a small profit now, even a mosquito leg is meat 😂.
In summary, I am still optimistic about Alpha, which is also the most popular airdrop method this year. I believe Binance will continue to optimize good solutions. I have made money anyway, and I will continue to hold Alpha points, just like believing in BTC. Even in a bear market, it will rise back eventually. Even if Alpha is currently being negatively impacted, it can still earn back later!
