What is Binance Alpha? Binance Alpha is a platform within the Binance wallet that showcases emerging crypto projects with potential for growth in the Web3 space. Essentially, it serves as a platform for selecting tokens before they are listed.
The tokens featured on Binance Alpha are chosen based on Binance's industry expertise and forward-looking insights. Typically, these projects demonstrate strong community interest, increasing growth, and alignment with major market trends.
While there are no guarantees, some of the tokens highlighted in Binance Alpha may later be considered for listing on the Binance platform, giving users an early opportunity to discover emerging blockchain and Web3 projects.
I was surprised that one of the trending projects right now is using a “revolutionary” security system that requires the seed phrase to log in to the wallet and send transactions.
This led users to save their seed phrases in notes, clipboards, screenshots, and even messages across different apps.
Hackers took advantage of this and drained thousands of wallets.
Here’s a reminder: Never save your seed phrase digitally, write it down on paper.
And to the teams behind these projects, just let users set a password for their wallets, don’t reinvent the wheel.
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