Hello everyone, Binance has just announced the launch of Binance Alpha, a new platform in Binance Wallet that can help us discover some emerging projects, potentially x10-x100 before they are listed. These are potential projects for development in Web3. So what is Binance Alpha? Let's explore it in detail through the article below with Trading Insight.
What is Binance Alpha?
Binance Alpha is seen as a pre-listing token filter, serving as a gateway for you to explore early-stage projects shaping the future of the cryptocurrency ecosystem. Selected through Binance's industry expertise, the tokens featured on Binance Alpha reflect strong community interest, increasing traction, and alignment with major market trends.
The role of Binance Alpha
Binance Alpha serves as a pre-listing token selection group, designed to enhance transparency in the token review process for listing on Binance Exchange.
The tokens available on Binance Alpha are carefully selected with industry expertise and Binance's deep insights, highlighting tokens that demonstrate strong community interest, increasing traction, and alignment with key trends shaping the cryptocurrency space.
Note: While there are no guarantees, some tokens featured on Binance Alpha may even be considered for listing on Binance Exchange in the future, providing users with valuable insights into projects that could create a lasting impact in the blockchain and Web3 context.
Users can exploreBinance Alphaand learn about projects on Binance Wallet starting from December 18, 2024, with ten tokens expected to be announced in two waves on that day, followed by another ten tokens on December 19, 2024, and again on December 20, 2024 (subject to change). Additional token announcements are planned after these dates.
Key features of Binance Alpha
Spotlight on Innovation: Explore tokens that are attracting attention in Web3, helping to better understand significant projects in the developing cryptocurrency landscape.
Quick access: Seamlessly purchase tokens through the Quick Buy feature directly from the Binance Wallet. This feature optimizes the existing Swap function, providing a higher success rate for transactions and better prices compared to other DEXs or trading bots:
Automatically select the native chain token and default transaction amount based on the number of wallets;
Automatically adjusts slippage when retrying transactions to improve success rates;
The MEV protection mechanism is designed to help prevent the negative impacts of MEV on large transactions, ensuring better prices, especially for large trades.
In-depth educational information: Learn about emerging projects, their use cases, and the reasons driving their popularity in the blockchain ecosystem.
Expert selection: Featured tokens are chosen using advanced insights and Binance's watchlist, ensuring they align with market trends and community interests. While there are no guarantees, some tokens may be considered for listing on Binance Exchange in the future.
How Binance Alpha works
Preparation: Ensure you have created a Binance Wallet, backed it up, and updated the Binance App to version 2.93.0 or higher for the best experience.
Before the launch: Follow announcements on Binance's official social media channels. A countdown clock and detailed information about the chain will appear in the Alpha section under the Markets tab. Ensure you have enough balance in the native token of the main chain to participate.
Announcement: Tokens will be released in waves over a limited period of 24 hours for each introduction phase. During this time, users can explore project details and use the Quick Buy feature to purchase tokens.
Note: Users must back up their Binance Wallet before using Quick Buy. After the Spotlight program ends, featured tokens will remain in the same Alpha section under the Markets tab, where users can continue to track and trade.
Has Binance been operational?
Currently, Binance has launched the first projects.
December 18, 2024: Announcement of the first 10 tokens: $KOMA, $CHEEMS, $APX, $AI16Z, $AIXBT, $CKP, $GEAR, $SD, $SYRUP, $FARTCOIN.
December 19, 2024: Announcement of the next 10 tokens: $GRIFFAIN, $RIF, $URO, $CLANKER, $LUNAI, $FROG, $AICELL, $CGPT, $MONKY, $TERMINUS.
How to access Binance Alpha
You can access Binance Alpha through the Binance app or on the website by:
Select the Explore Web3 option in the Binance Wallet.
Choose Binance Alpha to view the highlighted projects.
Summary
Binance Alpha launches and operates as a 'pre-listing token selection filter' and is carefully selected based on Binance's expertise and analytical capabilities. The tokens appearing on this platform are projects that demonstrate high levels of community interest, robust growth potential, and alignment with the evolving cryptocurrency market trends. However, there are also many unforeseen risks that you need to consider. While investing in new coins, Binance's launch helps mitigate investment in scam projects. Therefore, please do your research thoroughly. If you have any questions or want me to write about something, please interact and comment below.