The harsh reality of the industry is that Binance Alpha has become the best exit option for worthless VC coins.
As long as the project parties are willing to pay a protection fee, there is a chance to be listed on Binance Alpha. In this way, Binance gains users and trading fees, Alpha users receive airdrops, and project parties successfully exit.
Is everything really as beautiful as it seems?
The ones who are truly hurt are:
Early supporters of the project (in order to get listed on Binance, the project can only use the community's airdrop shares to pay the protection fee)
Secondary market buyers (those secondary "fools" who are still willing to believe in the project's vision)
In this cycle, the users who should be least harmed—those who invest their time and money to support the project—end up being the most hurt. The final result can only be the bad money driving out the good, which I would like to call "the twilight of diamond hands."
I am ashamed to say that I have taken on related advertisements, after all, I also need to make a living, but I will try to provide facts, data, and logic, rather than calling for trades and expressing emotions.
I am insignificant, and I have said all I can. I will no longer explain in the future.
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