Keep grinding Binance Alpha: which tokens offer better value?
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Keep grinding Binance Alpha: which tokens offer better value?
Core strategy: Identify pools with "lower fees and higher liquidity," enter and exit instantly, leaving no trace.
Navigating Web3 tides with focused insightsBy: Azuma (@azuma_eth)
Last night, Binance Alpha tokens ZKJ and KOGE suffered a sudden crash. Affected by unknown whales deliberately removing liquidity and dumping their holdings, both tokens experienced what could be described as "knee-breaking" price drops.
For a long time, as the two most liquid assets on Binance Alpha with the lowest pool fees (0.01%), ZKJ and KOGE have been the primary choices for users farming points through volume trading on Binance Alpha—previously mainly via cross-trading between these two tokens, though Binance has now issued a new announcement prohibiting such cross-farming among Alpha tokens.
Following yesterday's "harvesting" event, many users woke up this morning feeling uncertain about whether to continue participating in Binance Alpha. Some may have already decided to quit, while others still believe there is potential for returns but are unsure which tokens to farm after avoiding ZKJ and KOGE.
"Efficiency" and "Slippage"
First, it’s important to clarify that when farming points on Binance Alpha, users should focus on two key factors: "efficiency" and "slippage."
"Efficiency" refers to the number of points earned per unit of trading volume.
Starting May 1st, Binance launched an incentive program that double-counts trading volume for BSC-based Alpha tokens and limit orders. Under this scheme, trading BSC-based Alpha tokens or using limit orders would clearly yield higher efficiency. However, considering volatility events like last night’s crash, I personally do not recommend using limit orders—which increase uncertainty and extend execution time—but instead suggest directly trading BSC-based Alpha tokens via market orders with a "quick-in, quick-out" approach.
"Slippage" encompasses multiple aspects including security, transaction fees, and price impact.
Security concerns can again be illustrated by yesterday’s crash. In my view, most Alpha tokens are unsuitable for holding over the long term (and except for a few cases, even forming LP positions isn't advisable). Therefore, the best strategy remains "in and out instantly, without clinging to any position."
Transaction fees and slippage due to low liquidity are the main topics we'll discuss next. Currently, most BSC-based Alpha tokens rely on PancakeSwap for liquidity pools, with fee tiers ranging from 0.01%, 0.05%, to 0.25% and even 1%. Clearly, tokens in 0.01% fee-tier pools incur lower costs. Slippage is primarily influenced by pool depth, so we should prioritize tokens with larger liquidity pools.
PancakeSwap Pool Overview
The chart below ranks all Alpha tokens on BSC with 0.01% fee-tier liquidity pools on PancakeSwap, sorted by total pool size based on real-time data, which we hope will assist you in future point-farming operations.
Final Thoughts
The above presents an objective snapshot of current liquidity conditions across all BSC Alpha tokens with 0.01% fee-tier pools. However, there are still some nuanced tactics that experienced users employ to reduce slippage—for example, monitoring K-line patterns and attempting to buy/sell during upward momentum to offset transaction costs. That said, I personally lack skill in this area and often end up accidentally holding long due to misjudgment, leading to emotional distress. Thus, I don’t recommend average traders attempt such strategies.
Lastly, two additional points worth noting.
First, the Binance Alpha game has always been a balancing act between expected rewards and accumulating costs. After top-tier tokens like ZKJ and KOGE collapse, switching to alternative tokens will likely result in higher slippage. Users should therefore evaluate their own point balances, estimate how many airdrops or launchpad allocations they might qualify for every 15 days, and then assess overall risk-return ratios accordingly.
Second, following this incident, Binance Alpha may very well revise its rules and mechanics going forward. Users should stay alert for upcoming changes to the system.
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