#Binance新产品发布 Analyzing this news, the key point is that Binance has launched a new Alpha Points system and a PHY Token Airdrop event. From a data perspective, the threshold of 200 points is relatively low, indicating that Binance aims to attract more users to participate. It is worth noting that claiming the airdrop will consume 15 points, which is a subtle balance design.



Tracking on-chain data, the next aspects to focus on are: 1) distribution of PHY tokens, especially the movements of large holders; 2) users' trading behavior after receiving the airdrop, whether there will be large-scale sell-offs; 3) changes in trading volume and liquidity of PHY on the Binance platform.

This points + Airdrop model may become a new trend for exchanges to attract users. It is recommended to closely monitor whether other large exchanges will follow similar strategies and the potential impact on overall market liquidity.
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