The full text is presented in a Q&A format. The following answers from @Yi He are abbreviated with Yi, and Winson's answers are abbreviated with W.
A total of 14 questions.
1. What is the motivation for launching Binance Alpha?
Yi: We previously pushed a pre-listing phase function to hope to keep the price in a more reasonable range, but due to Binance's liquidity, the actual effect may still not be ideal.
So Binance Alpha actually aims to take projects that may meet the standards but have flaws and observe them for a comprehensive screening.
Ultimately, it depends on whether the so-called VC tokens or meme tokens perform better and drive traffic to Web3 wallets (but it does not mean that being on Alpha equals being listed on Binance).
➠ Whether Binance adopts spot listings, contracts, or Alpha, it hopes to launch projects that can survive in the market for a long time and have a positive value concept.
2. How many people are on the wallet team? What strategy does the wallet adopt?
W: The team has just reached 100 people and is continuously expanding, hoping to have more engineers join the team.
➠ The wallet's strategy will not copy market competitors; we prefer to pursue a differentiated path and will not adopt a defensive strategy.
Before Q4 of next year, the plans regarding the wallet and how to proceed are all clear.
3. What is the long-term development positioning of the Binance wallet? What is the difference from Trust Wallet?
W: The positioning is a beginner-friendly wallet, aiming to serve existing users while also focusing on novice users, hoping to make a practical contribution to the industry's new growth.
Long-term plans will be implemented in phases, and each phase hopes to tackle user experience issues until the barriers to user understanding are eliminated.
Unlike the TS wallet, it is a relatively independent ecosystem within the Binance ecosystem, while the Binance wallet is KYC compliant, and the target audiences of the two are also different.
➠ The competitive relationship between the two does exist, but it is in terms of differentiation, not a life-or-death relationship.
4. What are the selection criteria for Alpha's listing? Does Binance have its own preferences?
Yi: As long as there is a hot topic and community attention, but it does not meet the listing standards, we launched this Alpha function, which also considers multiple dimensions for Alpha's listing.
➠ We will also consider supporting the development of active projects on the BNB Chain.
5. Are the Alpha panel tokens chosen by themselves, or through community voting, registration, or something else?
Yi: Supports registration; there are also on-chain data tracking, considering projects with heat or fundamentals but not enough market heat, not solely based on one criterion.
6. Will more gameplay be opened during the Alpha listing phase? And how will we avoid the problem of inflated volume and fake data during the process of potentially listing on the main board?
Yi: We are exploring gameplay, and suggestions are welcome. Currently, it is quite difficult to avoid inflated volume in the industry's common airdrop strategies, and the boundaries of inflated volume are also hard to define; it may require the research team to continuously update the standards.
At the same time, the issue of inflated volume is also the fundamental reason for launching Alpha.
7. How are projects selected in the Binance wallet's airdrop section?
Yi: The wallet's airdrop is just a means of value capture; we hope to connect project parties with more real users and also bring more users to the platform through airdrops, allowing users to gain more benefits.
The launch of Alpha is also hoped to help users gain more on-chain benefits.
W: The airdrop platform is an open platform that hopes to co-build with the community, which also determines that this airdrop area does not take the path of strict selection.
It can be simply understood as a precise marketing platform for project parties.
We do not artificially judge the merits of projects within this open platform, and in the future, projects may even be allowed to self-launch airdrop tasks.
Therefore, there are no selection criteria, and we hope to become a platform with many tasks.
Also, because there are no selection criteria, the benefits of each project may vary, depending on the airdrop strength of the project itself.
8. Will the wallet consider doing chain abstraction or intent? Will it use third-party solutions or its own?
W: The answer is affirmative; we will adopt relevant technologies to achieve our goals and lower the user entry barrier.
➠ Regarding the details of the plan, we cannot disclose them in detail at this stage, but it can be confirmed that there has been in-depth research and understanding in this direction, and improvements will be made based on third-party technology.
We always believe that technology serves products and users; we will not just use whatever technology is popular.
9. What is the arrangement and logic of the Alpha district panel?
Yi: It is the same as the arrangement logic of existing CEX.
10. How to respond if there is negative community feedback after the listing?
Yi: There will inevitably be negative voices, but on-chain, there may not be too much intervention; we can only notify users of some project risks through early warnings.
Regarding the community, there will be a Telegram group for the wallet to receive community feedback in a timely manner.
11. What is the core idea of the wallet airdrop platform?
W: Binance will not make the airdrop platform its only core strategy; it also participates in airdrops, providing users with comprehensive airdrop tutorials and management, supporting users throughout the entire process, and still emphasizing the importance of continuously lowering the user threshold.
12. As a preferred airdrop project for the wallet, will you consider linking to the main board listing?
W: There is no link relationship.
13: How to reduce the endorsement relationship between projects listed on Alpha and Binance?
Yi: There are many projects on Alpha; ideally, we hope the user return rate on this platform can exceed other platforms, but it does not mean that projects listed on Alpha will definitely go live on the main board, and it does not endorse profits for any project. Binance will not endorse the profits of any project.
14. Is the selection team for Alpha the same as the main site's listing team or the wallet team?
Yi: Both.
I hope this article can be helpful to you.