Binance, the blockchain ecosystem with the highest global trading volume and user count, announces the launch of Binance Alpha, a platform embedded within the Binance wallet (formerly known as the 'Binance Web3 Wallet'), aimed at focusing on early project initiatives and helping users discover Alpha investment opportunities. Notably, Binance Alpha will serve as a platform to showcase tokens that may be selected for listing on the Binance exchange in the future.
"As a token selection repository before listing, Binance Alpha aims to enhance the transparency of tokens selected for entry into the Binance exchange," said Winson Liu, Global Head of Binance Wallet. "By publicly showcasing carefully selected early projects, Binance Alpha builds community trust, provides analysis insights on tokens with future growth potential, and fosters their development within the Binance ecosystem."
The tokens showcased by Binance Alpha are selected through Binance's industry expertise and advanced insights, focusing on projects that exhibit strong community interest, sustained growth momentum, and align with the developmental trends of the crypto ecosystem. Binance Alpha also aims to provide users with valuable information to help them gain a deeper understanding of the Web3 ecosystem and its potential for the future development of blockchain technology.
Information about tokens to be listed on Binance Alpha will be released in advance on the Binance wallet and Binance's official community platforms. Users can view the countdown timer and on-chain details in the 'Market' tab of the Binance wallet. Tokens will be listed in batches and provide a 24-hour display period, allowing users to browse project details and purchase tokens via the 'Quick Buy' feature during this period. After the display period ends, these tokens will remain in the Alpha section of the Market tab for users to continue tracking and trading.
"The 'Quick Buy' feature enhances the trading experience by improving the existing Swap function within the Binance wallet. This feature provides a faster, seamless trading process, and offers a higher success rate and more competitive prices compared to other decentralized exchanges (DEX) or trading bots. Key improvements include: automatically selecting on-chain native tokens and setting default transaction amounts based on wallet balance, automatically adjusting slippage during transaction retries to increase success rates, and introducing an anti-MEV (Maximum Extractable Value) mechanism to reduce the impact of MEV in large transactions, ensuring users get better trading prices."
Users can explore Binance Alpha through the Binance wallet starting from December 18, 2024, to discover innovative project initiatives. The first five 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.
This article introduces Binance Alpha: early potential projects unveiled, Binance enhances transparency before listing. First appeared in Chain News ABMedia.