Binance has introduced Alpha Point, a novel feature designed to evaluate user engagement within the Binance Alpha ecosystem and Binance Wallet. This system rewards active users with opportunities to participate in Initial DEX Offerings (IDOs) and receive Alpha token airdrops, fostering more profound involvement in Binance’s Web3 initiatives.

What is Alpha Point?

Alpha Point is a scoring mechanism that measures user activity based on their asset holdings and trading behavior. It determines eligibility for exclusive events like IDOs and airdrops, incentivizing users to stay active in the Binance ecosystem.

Binance launched this feature to prioritize dedicated users, ensuring that rewards such as early token access go to those who contribute significantly to the platform’s growth. By introducing Alpha Point, Binance aims to create a fair yet competitive environment, encouraging users to engage more deeply with its Web3 offerings.

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How to Calculate Alpha Point?

Alpha Points are updated daily before 1:00 PM and calculated using two key metrics over 15 days:

  • Balance Points (Hold): Binance users will receive points based on the total balance of spot tokens and Alpha in their account and Binance Wallet. For example, a balance of $100–$1,000 earns 1 point, while $100,000 or more earns 4 points.

Read more: How to participate IDO on Binance Wallet

  • Volume Points (Volume): Points are granted for buying Alpha tokens on the exchange or wallet. The formula starts with 1 point for the first $2, adding 1 point for each doubling of the amount (e.g., $8 earns 3 points, $1,024 earns 10 points). Selling Alpha tokens does not contribute to the score.
How to Calculate Alpha Point?

Source: Binance Exchange

Total Alpha Points combine both balance and purchase points, motivating users to maintain high balances and actively trade Alpha tokens.

Most recently, Binance has announced the listing of $SIGN (Ethsign) on Binance Alpha. Besides, users can receive the $SIGN airdrop when they meet the required points on Alpha Point. The exact amount of Alpha points will be disclosed later, on April 28.

How to Check Alpha Points on the Binance App

Checking Alpha Points is straightforward. Open the Binance app, navigate to “More services,” scroll to the “Information” section, and select “Alpha Points.”

How to Check Alpha Points on the Binance App

Source: Binance Exchange

This feature allows users to monitor their scores and adjust their strategies to maximize points. Essentially, Alpha Point is Binance’s way of filtering out truly committed users, prioritizing them for token launches and airdrop distributions. It rewards those who invest time and resources into the platform, aligning benefits with engagement.

Learn more: How to participate in Hyperlane presale on Binance Wallet

For those aiming to secure a spot in IDOs or airdrops, starting to accumulate points early is crucial. As the Alpha Point system evolves, its requirements may become stricter, making proactive participation essential. By maintaining at least a $100 balance, purchasing Alpha tokens, and regularly checking scores, users can position themselves for future opportunities in Binance’s expanding Web3 ecosystem.

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