As the largest platform in the market, Binance has a positive impact on the listing of any new coin. As we have seen recently with the listing of $THE coin, which rose by more than 2000% after listing. So the question always comes up: How can we discover these coins before they are listed on Binance? But the answer to this question is not easy.
The cryptocurrency market has hundreds, even thousands, of projects and currencies in different sectors. So without experience, follow-up, and careful study of the project’s basics and its team, you won’t be able to discover these currencies easily. But all of this will change with the launch of the Binance Alpha service. In this article, we will discuss what the service is, how you can use it, and other details.
What is Binance Alpha?
It is a service provided by the Binance platform through the Web3 Wallet, where it displays a list of currencies that have been selected by the Binance team based on specific factors, and these currencies are under Binance's study for inclusion.
The main idea of the service is to serve as a guide for users about the coins that Binance is tracking, giving users the opportunity to easily invest in these coins before listing. At the same time, since Binance is the one who selected these coins, it has additional credibility. Binance’s selection of these projects is not random, but is based on several conditions, including:
The currency has a strong community.
The project has increasing use.
That the currency is in line with a current trend in the market.
Based on these criteria, Binance selects coins to add to Binance Alpha.
How to use Binance Alpha?
First of all, you need to make sure that you have a Binance Web3 Wallet and that your Binance app is updated to version 2.93.0 or higher. Then, you can follow these steps:
Open Web3 Wallet.
Click on Markets.
Alpha star.
Select the currency and click Quick Buy. Here you will see different options for the amount of currency you can buy. Once you confirm the transaction, the coins will be in your wallet.
When does Binance add new coins to Binance Alpha?
Binance adds coins at 1pm Mecca time. Binance added 29 coins to Binance Alpha list last week, they are:
$CKP
$GEAR
$SD
$SYRUP
$FARTCOIN
$COMING
$CHEEMS
$APX
$AI16Z
$AIXBT
$FROG
$AICELL
$CGPT
$MONKY
$TERMINUS
$GRIFFAIN
$RIF
$HOUR
$CLANKER
$MONDAY
$BANANA
$COOK
$BOB
$MGP
$PSTAKE
$GNON
$Shoggoth
$LIGHT
$SKIN
The platform’s announcement did not mention the listing of currencies after the past. However, it is not known whether the listing of currencies will continue at specific intervals, but it is expected that Binance will clarify the details soon.