The world's leading blockchain ecosystem in terms of trading volume and user numbers—Binance—today (17th) announced the launch of 'Binance Alpha', a platform embedded within the Binance wallet (formerly known as 'Binance Web3 Wallet'), aimed at focusing on early project initiatives and helping users discover Alpha investment opportunities. Notably, Binance Alpha will also showcase tokens that may be selected for listing on the Binance exchange in the future.
Winson Liu, Global Head of Binance Wallet, stated: 'Binance Alpha serves as a token selection repository before listing, aiming to enhance the transparency of token selection for entry into the Binance exchange.'
By showcasing carefully selected early project initiatives, Binance Alpha builds community trust, providing users with analytical insights into tokens with future growth potential, and facilitating their development within the Binance ecosystem.
The tokens showcased by Binance Alpha are selected through Binance's industry expertise and advanced insights, focusing on those demonstrating strong community interest, sustainable growth momentum, and alignment with the development trends of the crypto ecosystem. Binance Alpha also aims to provide users with valuable information to help them better understand the Web3 ecosystem and its potential for the future development of blockchain technology.
Information on tokens that Binance Alpha will soon list will be released in advance on the Binance wallet and Binance's official community platforms.
Users can check the countdown timer and on-chain details in the 'Market' tab of the Binance wallet. Tokens will be listed in batches and will have a 24-hour display period, during which users can view project details and purchase tokens via the 'Quick Buy' feature. After the display period ends, these tokens will continue to be available in the Alpha section of the market tab, allowing users to track and trade them continuously.
The 'Quick Buy' feature enhances the trading experience by improving the existing Swap functionality within the Binance wallet. This feature offers a faster, seamless trading process and provides a higher trading success rate and more competitive prices compared to other decentralized exchanges (DEX) or trading bots. Key improvements include: automatic selection of on-chain native tokens and setting default trading amounts based on wallet balance, automatic adjustment of slippage when retrying trades to improve success rates, and the introduction of an anti-MEV (Maximum Extractable Value) mechanism to reduce the impact of MEV in large trades, ensuring users receive better trading prices.
Starting December 18, 2024, users can search for 'Binance Alpha' in the Binance wallet to discover innovative project initiatives. The first batch of 5 tokens will be announced on December 18, 19, and 20 (specific times may vary). To get the latest news, users can follow the official X account of the Binance wallet.
(The above content is provided by Binance)
"Binance wallet launches 'Binance Alpha', focusing on potential projects and enhancing transparency before listing" was originally published in (BlockTempo).