How getting early on alts is getting easier with some tools

[Phoenixtrader]

Not gonna lie, lately we've seen some innovations on top exchanges that make sniping easier.

I'm referring to Binance Alpha, where you farm points toward an airdrop, and Bitget Onchain, where you can trade trending on-chain tokens before they hit the spot market. Some others too, but I've had experience with these two shared. but in your opinion, how would you rate them in terms of giving retail traders a fair and level playing field?

[Akbarkoe]

Binance Alpha is just a scam, seeing how the Chinese are farming accounts and doing fake activities using multiple accounts, if you search on twitter you will find many oddities happening in binance alpha, I better do my own research before the mainnet launch, like Hyperliquid which brought me happiness as an early adopter.

[Cointxz]

Not gonna lie, lately we've seen some innovations on top exchanges that make sniping easier.

I'm referring to Binance Alpha, where you farm points toward an airdrop, and Bitget Onchain, where you can trade trending on-chain tokens before they hit the spot market. Some others too, but I've had experience with these two shared. but in your opinion, how would you rate them in terms of giving retail traders a fair and level playing field?

Why settle on CEX “DEX” part while there’s a lot of DEX out there that offers transparent market to all new tokens being generated and listed on specific blockchain.

You don’t need to risk a lot just to ride new potential altcoin since there’s too many for them to be filtered scam and garbage token to a gem token.

I always preferred trading on spot market to screen already shitcoin. The risk is not worthy to potential gain. You will gain x100 but you will lose more than x100 also before you can land on gem tokens.

[Sim_card]

It's hard to know the right coin to buy currently, because most of them are bunch of garbage. Since we are in the bull run, you will see a lot of new projects popping out from nowhere. This is why it's better for you to only use the amount of money that you can afford to lose to invest on this shitcoins because no matter the amount of research made, you will not know which coin can be profitable in the long run after the lunch.

[$crypto$]

Binance Alpha is just a scam, seeing how the Chinese are farming accounts and doing fake activities using multiple accounts, if you search on twitter you will find many oddities happening in binance alpha, I better do my own research before the mainnet launch, like Hyperliquid which brought me happiness as an early adopter.

Binance Alpha has become a trend and other exchanges will follow suit --- when it comes to farming scams it is a given and Binance often fails to identify them properly. I see many complaints from influencers against Binance Alpha but the exchange never responds. The problem is that the early community gets a small allocation and Binance Alpha gets a lot, so that is the debate.

[avikz]

Binance Alpha is just a scam, seeing how the Chinese are farming accounts and doing fake activities using multiple accounts, if you search on twitter you will find many oddities happening in binance alpha, I better do my own research before the mainnet launch, like Hyperliquid which brought me happiness as an early adopter.

I wouldn't say Binance Alpha is a scam. The farming of accounts will always remain a problem and Chinese people have taken such activities to an artistic height. But I am sure Binance is actively trying to mitigate that and  will eventually be somewhat successful in the future. However, these can't be completely stopped.

Rather, I foresee that some exchanges will start creating similar systems which will help them in retention of customers as well as help them to generate trading volumes. Binance Alpha is the first step towards streamlining the highly unstructured airdrop market.

[DeathAngel]

I think there is still a large scope for failure even by following the methods in the OP. Buying any Altcoin or token really early is a huge risk, you must be prepared to lose all your money. Don't put too much money in & then if you suffer a scam or big failure you are not too badly affected.

[Mrbluntzy]

I have not tried any of both method but I think the @Akbarkoe's comment already gave a fair review of what the experience looks like. There are too many scam project on crypto exchanges and more are still being launched daily. If you are an altcoin lover, before you must invest, you need to not depend on a source of information, do proper research about the project before invest, don't invest because you see the coin trending on any exchange's coins review section, some trends are just paid shiller doing the job or the project owners.

[passwordnow]

Not gonna lie, lately we've seen some innovations on top exchanges that make sniping easier.

I'm referring to Binance Alpha, where you farm points toward an airdrop, and Bitget Onchain, where you can trade trending on-chain tokens before they hit the spot market. Some others too, but I've had experience with these two shared. but in your opinion, how would you rate them in terms of giving retail traders a fair and level playing field?

I haven't used Binance alpha and that onchain from Bitget. These tools if said to be a good one for sniping new altcoins will make a lot of profitable. Sadly, many think that it's a reliable way of sniping alts that they can buy, invest and then later on sell. The early listing I think is still the best way to use as a tool for those who are spotting for some altcoins that they want to buy and hold a bit and then dump eventually.

[o48o]

Not gonna lie, lately we've seen some innovations on top exchanges that make sniping easier.

I'm referring to Binance Alpha, where you farm points toward an airdrop, and Bitget Onchain, where you can trade trending on-chain tokens before they hit the spot market. Some others too, but I've had experience with these two shared. but in your opinion, how would you rate them in terms of giving retail traders a fair and level playing field?

Why is Bitget Onchain relevant compared to other DEXes that have been around for ages now?

Aren't new people using dex screeners anymore? I remember that there was several free screening services which you could use to filter new tokens by metrics you were interested in. And that was so long ago that i have even forgotten to use them, and by quick googling, there are more then ever of them now.

[Akbarkoe]

Binance Alpha is just a scam, seeing how the Chinese are farming accounts and doing fake activities using multiple accounts, if you search on twitter you will find many oddities happening in binance alpha, I better do my own research before the mainnet launch, like Hyperliquid which brought me happiness as an early adopter.

Binance Alpha has become a trend and other exchanges will follow suit --- when it comes to farming scams it is a given and Binance often fails to identify them properly. I see many complaints from influencers against Binance Alpha but the exchange never responds. The problem is that the early community gets a small allocation and Binance Alpha gets a lot, so that is the debate.

Or maybe it's all their plan, we don't know how binance's strategy is to attract many projects to enter there, what is certain is that they will do anything to improve their sector, including with some people they employ to increase volume.

Binance Alpha is just a scam, seeing how the Chinese are farming accounts and doing fake activities using multiple accounts, if you search on twitter you will find many oddities happening in binance alpha, I better do my own research before the mainnet launch, like Hyperliquid which brought me happiness as an early adopter.

I wouldn't say Binance Alpha is a scam. The farming of accounts will always remain a problem and Chinese people have taken such activities to an artistic height. But I am sure Binance is actively trying to mitigate that and  will eventually be somewhat successful in the future. However, these can't be completely stopped.

Rather, I foresee that some exchanges will start creating similar systems which will help them in retention of customers as well as help them to generate trading volumes. Binance Alpha is the first step towards streamlining the highly unstructured airdrop market.

It's unstoppable anymore, but I hope the binance team can ensure the identity of each participant or customer, so that the public can trust their policy on this matter more, but with the simplification of airdrops like this, you must have money to follow it, while it's not like before which was more friendly to beggars who want to learn and seek profit on airdrop campaigns.

Unstructured airdrops (which you consider) are much better at increasing the popularity and adoption of crypto or new users who are trying to start their journey on web3, (but there are pros and cons).

[dumpsterhawk]

Binance Alpha is just a scam, seeing how the Chinese are farming accounts and doing fake activities using multiple accounts, if you search on twitter you will find many oddities happening in binance alpha, I better do my own research before the mainnet launch, like Hyperliquid which brought me happiness as an early adopter.

Pretty much everything these days is farmed scam. If you look at X accounts or Telegram groups and channels, there are some that have many followers and subscribers but very low views. Also all influencers are scammers who will say anything after being paid, so their opinions are also worthless.

Not gonna lie, lately we've seen some innovations on top exchanges that make sniping easier.

I'm referring to Binance Alpha, where you farm points toward an airdrop, and Bitget Onchain, where you can trade trending on-chain tokens before they hit the spot market. Some others too, but I've had experience with these two shared. but in your opinion, how would you rate them in terms of giving retail traders a fair and level playing field?

Chasing random shitcoins will eventually get you to burn yourself even if you were lucky most of the time. Invest in good altcoins or in Bitcoin, and if you want to gamble then there are better ways to gamble your money away.

[justdimin]

Not gonna lie, lately we've seen some innovations on top exchanges that make sniping easier.

I'm referring to Binance Alpha, where you farm points toward an airdrop

Haven't tried Binance Alpha yet, but will check out. Sounds interesting from what you have mentioned.

It's hard to know the right coin to buy currently, because most of them are bunch of garbage. Since we are in the bull run, you will see a lot of new projects popping out from nowhere. This is why it's better for you to only use the amount of money that you can afford to lose to invest on this shitcoins because no matter the amount of research made, you will not know which coin can be profitable in the long run after the lunch.

Yeah but if you actually manage to get in early for a solid project, it doesn't cost much in the early days and you can earn some coins for free just by staying around the project and doing small things.

The real problem is identifying good projects so early when nobody is aware of the project. The teams are also unknown because if a known team builds a project, they already have all the attention and attraction towards them. For example, if Vitalik announces that he is working on a token, he already gets enough attention that it's no longer in that early stage.