Binance Alpha has announced its fourth token batch. The selected token group includes projects such as BANANA, KOGE, BOB, MGP, PSTAKE, GNON, Shoggoth, LUCE, and ODOS. Binance Alpha has announced its fourth token batch. The selected token group Binance aims to increase transparency and create a more organized way to evaluate tokens before listing them on the Binance Exchange.
What is Binance Alpha?
Binance Alpha is a new feature that helps the exchange evaluate tokens faster. This is a pre-listing selection group where Binance uses its expertise to identify tokens with strong community interest, aligning with major trends in the blockchain and Web3 space.
However, the tokens selected for Binance Alpha will undergo a vetting process based on the level of attractiveness and activity of the developers. This helps users better understand potential future listings on the Binance Exchange. Binance stated that inclusion in Binance Alpha does not guarantee a listing.
Benefits for users and developers
Binance Alpha provides users with the opportunity to gain early access to tokens with high growth potential. Binance allows users to participate in emerging projects before they are listed on mainstream exchanges.
This platform has a 'Quick Buy' option, allowing users to purchase tokens faster and more efficiently. The success rate and pricing are better compared to decentralized exchanges (DEX) or trading bots.
On the other hand, blockchain developers have greater visibility. Binance Alpha helps projects attract attention in the cryptocurrency community and may be listed on Binance Exchange in the future.
Binance Alpha has new features to improve user experience. One of them is the swapping function within the Binance Wallet.
These improvements include automatic error adjustments during retries, MEV (Miner Extractable Value) resistance mechanisms, and automatic selection of native tokens based on the number of user wallets. These enhancements create smoother and more successful transactions.