Binance Overhauls Its “Alpha Airdrops” Program Following the Collapse of the ZKJ Token
- Binance introduces a two-phase airdrop system after bot manipulation threatens Alpha Points integrity.
- ZKJ and KOGE tokens collapse in a liquidity spiral triggered by whale exits and speculative Alpha farming.
- Binance warns users of bot abuse, excluding mutual Alpha token trades from rewards and tightening airdrop rules.
Binance exchange has announced a significant overhaul of its Alpha Airdrops program, starting June 19th. The move to a new two-phase system comes just days after the collapse of the ZKJ and KOGE tokens exposed how the platform’s incentive structure could be exploited by whales and bots.
In the first phase, users with Alpha points above a certain threshold (X) can claim the airdrop. In the second phase, the threshold drops (Y < X), and tokens are distributed on a first-come, first-served basis until exhausted.
The ZKJ and KOGE Co…
The post Binance Overhauls Its “Alpha Airdrops” Program Following the Collapse of the ZKJ Token appeared first on Coin Edition.
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Binance Overhauls Its “Alpha Airdrops” Program Following the Collapse of the ZKJ Token
- Binance introduces a two-phase airdrop system after bot manipulation threatens Alpha Points integrity.
- ZKJ and KOGE tokens collapse in a liquidity spiral triggered by whale exits and speculative Alpha farming.
- Binance warns users of bot abuse, excluding mutual Alpha token trades from rewards and tightening airdrop rules.
Binance exchange has announced a significant overhaul of its Alpha Airdrops program, starting June 19th. The move to a new two-phase system comes just days after the collapse of the ZKJ and KOGE tokens exposed how the platform’s incentive structure could be exploited by whales and bots.
In the first phase, users with Alpha points above a certain threshold (X) can claim the airdrop. In the second phase, the threshold drops (Y < X), and tokens are distributed on a first-come, first-served basis until exhausted.
The ZKJ and KOGE Co…
The post Binance Overhauls Its “Alpha Airdrops” Program Following the Collapse of the ZKJ Token appeared first on Coin Edition.
Read More