Trying to predict which new cryptocurrency is going to explode is a near-impossible job due to the versatility of the market. However, if users can be given insights into early-stage projects, they may have a better idea of what they want to invest in before the hype takes over. Looking to facilitate this, Binance has just rolled out its Binance Alpha spotlight
In this Article we will learn about Binance Alpha and how you can access this feature.
What is Binance Alpha?
Binance Alpha is your gateway to discovering early-stage projects shaping the future of the crypto ecosystem. Curated through Binance’s industry expertise, the tokens showcased on Binance Alpha demonstrate strong community interest, increasing traction, and alignment with key market trends.
Binance Alpha serves as a pre-listing token selection pool, designed to enhance transparency in the process of token consideration for Binance Exchange listings.
Tokens featured on Binance Alpha are carefully selected using Binance’s industry expertise and advanced insights, highlighting those that demonstrate strong community interest, increasing traction, and alignment with key trends shaping the crypto space.
While there is no guarantee, some tokens showcased on Binance Alpha may even be considered for listings on the Binance Exchange in the future, providing users with valuable insights into projects that could make a lasting impact in the blockchain and Web3 landscape.
What Are they key features of Binance Alpha?
Spotlight on Innovation: Explore tokens gaining traction in Web3, providing a deeper understanding of projects that matter in the evolving crypto landscape.
Example from Binance web3 wallet
You can Tap on any of the token to get the information.
Quick Access: Seamlessly purchase tokens through the Quick Buy feature directly from the Binance Wallet. It optimizes the existing Swap functionality, resulting in a higher successful transaction rate and better prices compared to other DEXes or trading bots:
Automatic selection of the native chain’s token and the default trading amount based on wallet holdings;
Automatic slippage adjustment while retrying transactions to improve success rates;
An anti-MEV mechanism designed to help prevent the adverse effects of MEV on large transactions, ensuring better prices, especially for large transactions.
Educational Insight: Learn about emerging projects, their use cases, and the narratives driving their popularity within the blockchain ecosystem.
Expert Curation: Featured tokens are selected using Binance’s advanced insights and observation list, ensuring they align with market trends and community interests. While there is no guarantee, some tokens may be considered for listings on Binance Exchange in the future.
How to Access & Use Binance Alpha Wallet?
Accessing your Binance web3 wallet is very easy.
First of all you need to have a verified Binance Account.
Step 1: Simply go the "Binance logo" you see at top of your screen as showed on the below screenshot
Step 2: Once you go there find "Web3 wallet" Option there
If you can't see it on the front page, go to " More Services" and you will be able to see it.
Step 3: Create your Web3 Wallet
if you don't have Binance web3 wallet you can create it by clicking on "Create Wallet"
STEP 4:
Once your wallet is ready just make sure you keep the backup
And to Access Binance Alpha Go to the markets and you will be able to see it.
Step 5:
You will be able to see the coins that are listed there on the " Alpha" Page
If you want to buy any token within the wallet simply Tap on "Quick Buy" and you will be able to buy it.
Once You click on "buy" it will ask you to add funds if you don't have any funds in web3 wallet.
Choose the method that you want to use to deposit funds into web3 wallet
This is it, Now you can trade on "Binance Alpha" if you want to.
Important Note: Make sure you keep the back up of your Binance Wallet before using Quick Buy.