🥥Let’s talk about Binance Wallet alpha market

First, respond to the logic of listing coins at this stage

The second is to screen potential currencies for users to choose from, trying to expand its decentralized market share.

As the largest firm in the universe, with strong traffic and resource background, the boss also saw a lot of doubts and criticisms when the alpha segment was just launched.

Share some personal views👀

🪡 Coin Listing

First of all, the route for listing coins is often vc coins, which basically reach their peak at the opening and then go down.

This cannot be entirely blamed on the exchanges. The market lacking liquidity cannot withstand the dumping of high-market-cap tokens. VC institutions, project parties and users all need to cash out. It is reasonable for the exchanges to increase exit liquidity.

The listing fee is to be earned, but unfortunately there is not much profit effect for retail investors of VC coins, and those who get the final say are all numb from the decline.

Look at how many people have held $arb, $op, $strk, atom, etc. for several years and still lost money. They can only just break even when the market is good.

At this time, meme coins give wealth effect ⛑️

Some small-cap cryptocurrencies will definitely explode in the short term after they go online.

Whether it is front-running or insider trading, there is a dynamic game process.

Users didn’t make money, or even complained when they bought and lost money. It’s essentially a big casino PVP, but they are not the profit party, so they will see the dissatisfaction.

Besides, this model has actually been used by other exchanges for a long time, with voting.

The essence is the same. Binance Alph is more like a guessing game. If you guess correctly, you will make money. It also hopes to attract more users to play here.

At least it's an attempt.

The decline and lack of buyers are mainly due to the limited amount of money in the market and the stock market.

🧵Let’s talk about the wallet

The competition among web3 wallets has already entered a white-hot stage.

Binance Wallet started slowly, and its product updates and iterations are a bit out of touch with the market. Its plug-ins do not have as many application scenarios as OKX, Metamask, and Trust Wallet.

For a period of time, a large number of LuMao users switched from metamask to okx wallet, which shows the user's choice.

> Binance wallet penetration is insufficient

This is why many people realized that Binance also has a wallet function.

It is a good practice to embed the exchange interface, which is to encourage users to frequently open the exchange and enter the wallet.

🖊️A little advice for wallets

1) Create a web3 independent wallet that supports multiple chains, supports chain collapse, and supports multiple account imports.

2) First, complete the good features of other competing wallets to ensure smooth user experience.

3) Add some alpha coin information aggregation, discussion community, and encourage creators to publish in it. There is a lot that can be done.

4) Then the most important thing is to educate users, strengthen marketing, hold events, tutorials, etc. to help users understand the advantages and potential of Binance Wallet.

5) The Binance Wallet inscription should have been a good breakthrough, firing the first shot, but unfortunately there was no movement afterwards and the inscription died. Many users lost confidence. I hope the product team can get closer to users and the market, and constantly improve and adjust, hoping to do better and better.

Click to follow, if you have any questions, need to consult or want to communicate and learn together. Read the introduction of the cooking industry, and enter the circle without fertilizer 8







Six tips for getting started with perpetual contracts
1. Analyze the market:
One-sided market: grasp the one-sided rise or fall, go long on dips and go short on rallies.
Volatile market: short-term operations, sell high and buy low, and respond flexibly.
2. Analyze trends:
Refer to daily K, weekly K and monthly lines to analyze long-term factors.
Judge the trend in advance and avoid blindly chasing rising and falling prices.
3. Look at the position:
After the trend is clear, select the entry point.
Avoid being spied on by the market and ensure a steady entry.
4. Choose the right time:
In the rising season from January to May, buy on dips.
Oscillating from May to September, buying low and selling high.
There will be an explosion in the second half of the year, seize the opportunity of big ups and downs.
5. Fund management:
Allocate funds reasonably and control risks.
Set stop loss and take profit, and maintain rational trading.
6. Continuous Learning:
Follow market trends and learn trading skills.


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