There were no airdrops yesterday and the day before, and I see many friends saying that Alpha is about to end. I think there's no need to panic excessively: #ALPHA #猪脚饭没了

1. Two consecutive days without airdrops is indeed unusual. It can only mean one thing: Binance most likely has no old coin airdrop inventory left. If there were any, Binance should still use the old coins to fill the gaps.

2. Does this mean Alpha is going to be delisted? No, Alpha is not a black-and-white issue. Even if there is a reverse pull, it is still online, waiting for users to voluntarily exit. This should be easy to understand; Binance has so many activities like "trading competitions, monthly challenges, daily words, a surprise for a penny," and many of them involve reverse pulls, yet they haven't been delisted. Why should Alpha be officially announced for delisting just because there are no airdrops? That doesn’t make sense; if users think it's not good, they just won’t participate.

3. Will there still be big rewards? No, there won't. In the past, there were big rewards due to "few participants + project being overvalued, thus valuable"; both factors are essential. If there are many participants, even a highly valuable project will be divided into 30u per share by Binance. If the project is not valuable, it will have to raise the threshold to maintain 30u per share.

4. Under what circumstances can there be big rewards? Unless the project is already valuable enough to be divided into 300,000 shares, still having a single share worth 200u. Generally, projects give Binance airdrops of 1%, which means unless a project with a valuation of 6 billion (300,000 * 200u / 1%) appears. Do you think that’s possible?

5. Even if it appears, I believe Binance would first only issue 0.15% of the airdrop to ensure everyone gets 30u. The remaining airdrop shares would be held back, used to fill gaps when there are no new projects, or to provide rewards in other activities. For example, $XPL , big reward, Binance has reserved a considerable amount of shares, and the monthly challenge in November directly distributed XPL, which should have been $BNB .

6. It’s normal to have no airdrops now; under such market conditions, when a project launches, it's a dead end. Even retail investors dare not take on the buying, so the project side has no way to sell once it’s pushed up, and they certainly wouldn’t dare to list new coins. No project side wants to engage in a round-robin.