Binance has announced a new reward allocation, distributing an extra 164 FLY tokens to participants who successfully claimed their initial airdrop. This initiative aims to further incentivize user engagement within Binance’s ongoing Alpha point campaigns.
Increase in FLY Token Allocation
Binance has announced an additional allocation of 164 FLY tokens to users who successfully claimed the initial airdrop. This aligns with their Alpha point system, rewarding users meeting the campaign criteria. The increase in token distribution highlights an effort to boost user participation through incentivized campaigns.
User Reactions to Airdrop
Following the announcement, reactions have been generally positive among users, reflecting enthusiasm for the increased rewards. Although no major statements from Binance leadership have been noted, community sentiment suggests optimism around this additional airdrop. Participants anticipate potential trading opportunities and engagement growth as a result of this allocation.
FLY Token Prices Amid Increased Distribution
Currently, Fly.trade (FLY) is priced at $0.21 with no declared market cap, according to CoinMarketCap. While the fully diluted market cap stands at $21.05 million, the 24-hour trading volume is $5.22 million, showing a decline of 53.36%. Price trends over 24 hours reflect a decrease of 31.71%, contributing to a longer-term downtrend noticed since past intervals.
These token distributions could potentially increase short-term trading volumes for FLY. However, with no significant regulatory changes announced, the direct impact remains limited to FLY traders and users participating in Binance's ecosystem initiatives.
