[The following content is provided by Binance]
Binance, the blockchain ecosystem with the largest transaction volume and number of users in the world, announced the launch of Binance Alpha, a platform embedded in Binance Wallet (formerly known as "Binance Web3 Wallet"), aiming to focus on the early stage Projects and help 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.
"Binance Alpha serves as a pre-listing token selection library and aims to improve the transparency of tokens being selected to enter the Binance exchange," said Winson Liu, global head of Binance Wallet. “By publicly displaying carefully selected early-stage projects, Binance Alpha builds community trust, provides users with analytical insights into tokens with future growth potential, and promotes their development within the Binance ecosystem.”
Tokens showcased in Binance Alpha are selected through Binance’s industry expertise and advanced insights, focusing on projects that demonstrate strong community interest, have sustained growth momentum, and are in line with the development trends of the crypto ecosystem. Binance Alpha also hopes 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 about the tokens that will be listed on Binance Alpha will be released in advance on Binance Wallet and Binance’s official social platform. Users can view the countdown timer and on-chain details in the "Market" tab of Binance Wallet. Tokens will be put on the shelves in batches and will have a 24-hour display period, during which users can browse project details and purchase tokens through the "Quick Buy" function. After the demonstration period, these tokens will remain in the Alpha area of the Market tab, allowing users to continue to track and trade them.
The Quick Buy feature enhances the trading experience by improving the existing Swap functionality within Binance Wallet. This feature provides a faster and seamless trading process, and provides a higher transaction success rate and more competitive prices than other decentralized exchanges (DEX) or trading robots. Major improvements include: automatically selecting native tokens on the chain and setting preset transaction amounts based on wallet balances, automatically adjusting slippage when retrying transactions to improve the success rate, and introducing an anti-MEV (Maximum Extractable Value) mechanism to reduce large amounts. The impact of MEV in transactions ensures that users get better transaction prices.
Users can explore Binance Alpha through Binance Wallet starting December 18, 2024 and discover innovative projects. The first five tokens will be announced on December 18th, 19th, and 20th (specific dates are subject to change). For the latest news, users can follow the official X account of Binance Wallet.
『Binance Wallet launches Binance Alpha, focusing on potential projects and improving transparency before listing! 』This article was first published in "CryptoCity"