#Binance Alpha项目上线 Looking back at past airdrop projects, Binance Alpha’s approach this time inevitably reminds me of the 2017 airdrop boom in the Ethereum ecosystem. Back then, the threshold was so low it was almost negligible, and everyone could get a share. Now, seeing Binance Alpha set a threshold of 241 points, it’s hard not to feel that the market has changed dramatically.

This kind of points system is actually quite smart; it both filters out truly active users and incentivizes more people to participate in platform activities. From historical experience, this might be a win-win strategy. However, I also wonder whether this model will lead users to become exhausted from chasing points, causing them to overlook the actual value of the project itself.

Looking at SOON token’s distribution mechanism—first come, first served, coupled with a gradually decreasing threshold—this is essentially creating a “rush to buy,” isn’t it? This reminds me of those projects during the early ICO boom that sold out in seconds. History is astonishingly similar, just with a more refined package this time.

From a cyclical perspective, this may suggest that we are entering the early stages of a new bull market. But we cannot forget the painful lessons of the last bull run. Excessive speculation will eventually lead to a bubble, and the price of a burst bubble is often severe.

As someone who has witnessed multiple cycles, I recommend everyone stay clear-headed when participating in these kinds of activities. Don’t let short-term interests blind you, and be especially wary of marketing gimmicks designed just to grab attention. After all, truly valuable projects are those that can stand the test of time.