The Stock Exchange said on June 4 that Binance has identified and transferred to restrict the use of robots that exploit the distinctive symbol distribution system for early access, alpha.
In Publication, Binance He said “I recently discovered some groups that use robots to participate in alpha activities, undermining the justice of the Binance Alpha Points program.” He added that he had already taken measures to stop the activity. “We have upgraded our risk control systems to enhance the discovery and deal of such behavior,” said the stock exchange.
Bennes said that any use of robots will be dealt with as a violation by the stock exchange. The company also said that it “reserves the right to cancel the Binance Alpha’s eligibility accounts for such activities and may impose more restrictions when necessary.”
Binance did not respond to Cointelegraph to comment at the time of publication.
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What is Binance Alpha?
Binance Alpha is the early access axis inside the Binance wallet, where users can discover Web3 projects early, buy “Alpha” symbols before possible exchange lists and collect alpha points. These are the points in the registration system based on wallet balances and trading activity that defines the eligibility of the symbolic generation events Air drops.
The program has become a major driver for the BNB series activity. According to Mayo reports, more than 71 % of Alpha icons are launched on the BNB series, and the network has witnessed More than a million new addresses daily And the height of the weekly folders.
This is not the first time that the exchange enforcement of the service ascends. In early May, Binance announced that the Alpha platform has I carried out a comprehensive framework for the distinctive symbol It aims to remove symbols that do not meet specific quantitative and quality standards.
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Binance Alpha “killing AirDrops”
The service attracted its fair share of criticism, with some accusation From “killing air drops” with its arrangements. Some users also raises concerns about obstructing early community construction by using Testnet.
Airdrop is a method of marketing and distribution where the encrypted currency project distributes free symbols to those who are encrypted by an encrypted currency (or for users who meet specific criteria) to increase awareness or reward the first supporters or decentralization symbolism. Recltor usually receives the distinctive symbols directly in their wallets without any cost, often depends on previous holdings, onchain activity, or participating in promotional tasks.
Abandoning digital assets is free to attract attention. For this reason, Air drops are often at the Center for Fraud Tactics Where bad actors take advantage of this noise, the governor’s drain through fake campaigns.
magazine: Binance Wallet ‘Killing’ Metamask and Airdrops, RWA Tokens: Asia Express
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