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Binance Overhauls Its “Alpha Airdrops” Program Following the Collapse of the ZKJ Token


by Anisha Pandey
for CoinEdition

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news report on Binance overhauling its Alpha Airdrops program after its points system was exploited, leading to the ZKJ token collapse
  • 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 the article at CoinEdition

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Coins

$ 0.014

+1.65%

$ 0.00...361

$ 0.000349

$ 0.0466

+5.26%

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In This News

Coins

$ 0.014

+1.65%

$ 0.00...361

$ 0.000349

$ 0.0466

+5.26%

Share:

Read More

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Binance Overhauls Its “Alpha Airdrops” Program Following the Collapse of the ZKJ Token


by Anisha Pandey
for CoinEdition

Share:

news report on Binance overhauling its Alpha Airdrops program after its points system was exploited, leading to the ZKJ token collapse
  • 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 the article at CoinEdition

In This News

Coins

$ 0.014

+1.65%

$ 0.00...361

$ 0.000349

$ 0.0466

+5.26%

Share:

In This News

Coins

$ 0.014

+1.65%

$ 0.00...361

$ 0.000349

$ 0.0466

+5.26%

Share:

Read More

4 US Economic Events to Influence Bitcoin, Gold, and Silver Prices This Week

4 US Economic Events to Influence Bitcoin, Gold, and Silver Prices This Week

In Brief 4 key US events this week, from the Fed to inflation and Big Tech earnings,...
BNB Under Pressure: With Volume Up 63%, Will Bulls Reload or Bears Take Firmer Control?

BNB Under Pressure: With Volume Up 63%, Will Bulls Reload or Bears Take Firmer Control?

The crypto market’s bearish tone is strengthening day-by-day, instead of reversing it...