Male college student shares his experience: Binance Alpha on campus

Author: Little King, Foresight News

This is a story about a small player in the crypto world with dreams of getting rich quickly, returning to campus to "promote" Binance Alpha. Unexpectedly, what seemed like a simple money-making model turned out to be "ridiculous" in practice due to ordinary people's prejudices against the crypto world, sanctions from the broader environment, and various unexpected events…

High monks spread Buddhist teachings, I promote Binance Alpha

I am Xiao Jin, a recent university graduate this year, and I feel very ashamed now.

Previously, I was interning at a Web3 company in another city, enjoying life without thinking about my roommates. But now that I find Binance Alpha is very profitable and plan to go all out, the lovely faces of my roommates suddenly flash in my mind.

Image from the internet

Ashamed as I am, "If you don't make money, you're a fool," so I just need to share the profits with my roommates! To enlighten all beings, high monks spread Buddhist teachings; to make money, this university student promotes Binance Alpha.

So, taking advantage of the opportunity to prepare for my graduation thesis defense, I planned to pull all my roommates onto the "pirate ship"! There are a total of 6 people in the dormitory, and since I had already brought "Xiao Guo" on board to help me when Binance wallet had its exclusive TGE (initial coin offering), there are still 4 people left to conquer.

Before going back, I decided to try directly "PUA" my roommates online, to get them to help register Binance accounts! As a qualified manager, this task should naturally be handed over to Xiao Guo, who is still at school.

A day later.

"Xiao Guo, how many Binance accounts did you manage to get in the dormitory?" "Just one, Lao Gao is willing to do it, but the others are not very willing when they see they need an ID card. However, Lao Gao said his girlfriend can also do it, so that's two accounts."

Well, putting myself in their shoes, if my roommate mysteriously asked me to register on a platform and needed an ID card, I definitely wouldn't be willing either. They might even suspect it's some kind of pyramid scheme or a shady loan platform. It seems I can only wait until I personally return to the dormitory to "appeal to their emotions and reason"!

Registering an account means money? Will it affect my civil service exam?

The scene shifts, and I am back in the dormitory, sitting beside my roommate's bed.

Image from the internet, not the author

"Xiao Yu, have you heard of Bitcoin?"

"What? Bitcoin? I've heard of it, didn't the early buyers all get rich? What's up, did you buy some?" Xiao Yu replied vaguely, staring intently at his phone playing Honor of Kings.

With tears in my eyes, I replied, "Of course, I didn't buy any." Then I gradually explained, "There are exchanges for trading such cryptocurrencies, and they offer valuable benefits to attract new users. Can you register an account, and I'll help you with it?"

"Is it the one Xiao Guo mentioned before? Xiao Ye said it needs an ID card, and he didn't do it, so I didn't either."

"I'll give you dividends, if you do it for a month, it will be enough to buy a few legendary skins!"

Upon hearing about the legendary skins, Xiao Yu finally got interested, but he still hesitated: "Is it really that good? Is it legitimate? Doing this won't affect my civil service exam, right?"

"Of course it's legitimate, how could I trick you? Binance Alpha, you can even search for it on Xiaohongshu. Moreover, these exchanges are all foreign, and they don't share information with domestic ones, so they are completely unrelated!"

"Then… okay." After much hesitation, his desire for skins ultimately outweighed his doubts, and Xiao Yu agreed. Binance account + 1. It's surprising that Xiao Yu, who usually trusts me a lot, is so cautious; it seems that "cryptocurrency" and "foreign exchanges" still exist in the minds of most ordinary university students as a "flood beast," with deep prejudices. At the same time, I also marvel at the effectiveness of Binance Alpha's "money distribution to attract new users." No matter how deep the prejudice, it can be broken by the wealth effect.

It seems the key is dividends. So I used the same trick again and "tempted" Xiao Ye with dividends, successfully securing another account.

Don't be unconvinced by Huawei phones, insisting Binance is a virus

Now only Xiao Zhao is left in the dormitory. Xiao Zhao is not short on money and isn't very interested in dividends, but out of face, he still agreed to help register an account. However, ten minutes later…

"Xiao Jin, my Huawei phone says your software is a virus. I'm not comfortable with that, so forget it!"

When installing Binance, Huawei phone shows it as a virus

Having downloaded the apps of major exchanges years ago, I was a bit confused. Although I am a university student, I have "been in the circle for years" and had forgotten the heavy obstacles ordinary people face when trying to access cryptocurrencies due to the "broader environment." It seems that adding accounts is not as easy as I thought! (Later, I learned that the HarmonyOS makes it even harder to install major exchange software.)

After some effort, I still couldn't convince Xiao Zhao, so I had to give up. However, counting my roommates' accounts and their friends' accounts, I now have nearly 10 accounts in hand. Shouldn't I make a big profit next? The plot once again did not develop as planned.

A twist, my roommate turns out to be a genius trader!

As an ordinary university student who has only bought funds on Alipay and hardly opened a stock account, my roommates are completely clueless about "trading." After painstakingly teaching them how to brush daily trading scores, when it was time to "harvest," another mishap occurred!

The new round of Alpha airdrop qualified, but it wasn't worth much. Xiao Ye received LA but didn't know how to sell it; since he had only been a tool for brushing ZKJ volume before, he panicked and ended up buying instead.

Looking at the screenshot of Xiao Ye's operation sent by Xiao Guo, I calculated the potential losses and almost broke down.

However, upon closer inspection, the sell operation at the top had failed. I quickly recalled the K-line charts of multiple Alpha tokens that plummeted after listing, and cold sweat broke out. If it hadn't been sold in time, I would have probably lost hundreds of USDT; it really was I was hoping for the airdrop, but it was aiming for my principal!

Fortunately, the plot twisted again!

Xiao Ye's hasty buy happened to be at the lowest point of the LA token price, and after a series of operations, the 50 USDT Alpha airdrop surprisingly turned into 300 USDT. It truly was a case of "turning misfortune into blessing." In the current market where I was repeatedly losing money, it felt like witnessing the rise of a true genius trader.

But the cold sweat from my roommate's operational mistakes also reminded me: cryptocurrency is extremely dangerous; ordinary people can incur significant losses if they operate carelessly.

Profits decrease, just starting a business, and about to be unemployed?

The "bad start" made me more cautious, but problems kept arising. Fortunately, a few days later, when ZKJ plummeted, it didn't affect the trading volume. After narrowly escaping, I faced the dilemma of "no tokens to brush, huge wear and tear."

Xiao Guo using AB to brush trading volume, encountering "capital schemes"

When the token price was stable, the cost of brushing Alpha token trading volume was still acceptable, but once luck ran out and I encountered significant price fluctuations while brushing trading volume, it directly resulted in losses starting from 10 USDT or 20 USDT.

As the cost of maintaining trading volume points increased daily, and Binance Alpha's increasingly competitive score requirements and decreasing airdrop values (even less than 50 USDT), my entrepreneurial journey with Alpha seemed to be coming to an end before it even began.

Especially after introducing the "first come, first served" mechanism, I brushed the trading volume and paid the fees, but couldn't grab any tokens at all. Not only was I not making money, but I could also "lose everything."

Making money as a university student is truly difficult; the "simple model" of making money with Binance Alpha, when executed in bulk, is indeed fraught with twists and turns. But before it all turned into chaos, ordinary people experienced the wealth effect, and Binance gained a large number of new registered users. In this game, who is losing, and who is winning?