The recent BGSC airdrop by Binance Alpha drew attention due to significant user registration and notable profits from token sales.
BGSC Airdrop Details
Binance Alpha conducted an airdrop of BUGSCOIN (BGSC), distributing tokens to 61,487 participants. Each recipient received 7,360 BGSC tokens, totaling approximately $3.52 million in value.
Token Sales and Participant Profits
30% of participants opted to sell their tokens, earning an average profit of $57. This indicates Binance Alpha users' tendency to quickly convert airdrops into monetary benefits.
Market Impact and Comments
Despite the token sales, there has been no significant impact on major DeFi protocols like ETH and BTC. Regulators and Binance Alpha management have yet to comment on the airdrop's implications.
The BGSC airdrop results highlight a continued interest among users in profitable offerings, with the lack of market reaction emphasizing a focus on individual financial gain.
