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The Alpha platform mentioned in Binance's latest announcement is a curated token platform under its Web3 wallet. This platform aims to provide users with a more convenient and secure token selection environment. In the future, new projects launched by Binance may be filtered from here. Previously, everyone was accustomed to looking for potential small tokens that might be listed on Binance on platforms like Bitget, Gate, and MEXC, but now, Binance directly invites everyone to ambush on its own wallet platform, Alpha, without the need to search for opportunities on other platforms. As a result, traffic and trading volume will concentrate on Binance itself, in accordance with the 80/20 principle, meaning that 80% of the market share will be occupied by industry leaders, while the remaining 20% will be divided among other participants.
Specifically, the Alpha platform will become an important part of the Binance ecosystem, helping users discover and invest in promising blockchain projects. Through this platform, users can more easily access quality tokens while also enjoying various services and support provided by Binance.
In addition, Alpha emphasizes its close cooperation with Binance Smart Chain (BSC) and its important role in promoting cross-chain DeFi and cross-chain liquidity. This indicates that Alpha is not only focused on token selection and promotion but is also committed to advancing the development of the entire blockchain ecosystem.
Based on this analysis, I believe this is good news for decentralized exchanges (DEX) on BSC, as well as a positive for BSC (i.e., BNB). Therefore, I have decided to buy back the CAKE that I previously sold at a high position.
I entered the blockchain field in 2017 as a novice, keen on finding relatively stable arbitrage opportunities between centralized exchanges (CEX) and decentralized exchanges (DEX). I look forward to sharing and discussing opportunities and the latest trends in the crypto space with like-minded individuals. As a long-term investor, my main positions (btc, bnb, uni, cake, wld have been sorted by position size). If you are also passionate about cryptocurrencies, feel free to like, follow, and leave comments to share insights.
A little advertisement: I have opened a Binance KOL account; if any boss hasn't received a commission yet, you can contact me. I can offer the highest commission, as well as one-on-one private chat operational guidance and other services.
$BNB
$CAKE
Specifically, the Alpha platform will become an important part of the Binance ecosystem, helping users discover and invest in promising blockchain projects. Through this platform, users can more easily access quality tokens while also enjoying various services and support provided by Binance.
In addition, Alpha emphasizes its close cooperation with Binance Smart Chain (BSC) and its important role in promoting cross-chain DeFi and cross-chain liquidity. This indicates that Alpha is not only focused on token selection and promotion but is also committed to advancing the development of the entire blockchain ecosystem.
Based on this analysis, I believe this is good news for decentralized exchanges (DEX) on BSC, as well as a positive for BSC (i.e., BNB). Therefore, I have decided to buy back the CAKE that I previously sold at a high position.
I entered the blockchain field in 2017 as a novice, keen on finding relatively stable arbitrage opportunities between centralized exchanges (CEX) and decentralized exchanges (DEX). I look forward to sharing and discussing opportunities and the latest trends in the crypto space with like-minded individuals. As a long-term investor, my main positions (btc, bnb, uni, cake, wld have been sorted by position size). If you are also passionate about cryptocurrencies, feel free to like, follow, and leave comments to share insights.
A little advertisement: I have opened a Binance KOL account; if any boss hasn't received a commission yet, you can contact me. I can offer the highest commission, as well as one-on-one private chat operational guidance and other services.
$BNB
$CAKE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BNB
718.72
-0.25%
CAKE
3.072
-4.86%
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