A few hours ago, the cryptocurrency exchange Binance added a batch of 9 new tokens within its Alpha section.
Users of the Binance Web3 wallet can now trade these low-cap coins, anticipating a potential listing on the exchange.
Let’s discover together which are the 9 favorite cryptocurrencies.
What is the Binance Alpha platform?
Just 3 days ago, the cryptocurrency exchange Binance launched its new platform “Alpha”, an internal section of the Binance Web3 Wallet.
This is an innovative trading portal, where users can discover new promising projects in the crypto world, all through a decentralized perspective.
It can be considered as a strategic showcase, where high-potential projects are presented before they are discovered by the mainstream public.
Binance Alpha offers its users token slots periodically, providing a hint on what the next listings of the exchange will be.
Coins belonging to a variety of blockchain are supported, including BNB Chain, Ethereum, and Solana.
The objective of this section is indeed to test the participation of the public around those cryptocurrencies that emerge as candidates for inclusion on Binance’s spot and futures bull and bear exchanges.
https://twitter.com/binance/status/1868974743283515411
The tokens available on Binance Alpha have been selected thanks to industry experience and the advanced insights of Binance.
In particular, those that demonstrate a strong interest from the community, increasing traction, and alignment with the key trends that are shaping the crypto ecosystem are highlighted.
Binance Web3 Wallet provides the framework for this nice initiative, where the private keys are partially in the hands of the users thanks to MPC technology.
This portfolio works broadly like MetaMask, reflecting the trustless self-custodial component, and is used to interact with DeFi dapps and NFT marketplaces.
Announced new batch of tokens in the Alpha section: attention to possible new listings
After announcing the first 3 rounds of tokens, Binance Alpha moves on to the presentation of the 4th batch of projects that could earn a listing on the exchange.
On December 18, Binance unveiled the first five cryptocurrencies, 3 of which are on the BNB Chain, of the new trading section, attracting great attention from traders.
The protagonists of the first round were KOMA, Cheems, APX, ai16z, and AIXBT: a mix of DeFi solutions, exchange platforms, and AI memecoins.
Following in the second publication event, held a few hours later, 5 more projects were introduced, of which this time 3 belong to the Ethereum network.
The chosen ones were CKP, GEAR, SD, SYRYP, and Fartcoin: the focus of Binance Alpha still revolves around DeFi themes, memes, and blockchain infrastructure.
The third batch was instead larger, with 10 projects presented to the Web3 Wallet audience, of which 4 from the BNB Chain, 3 from Solana, 2 from Base, and 1 from Ethereum.
The list is composed of: FROG; AiCell, CGPT, MONKY, TERMINUS, GRIFFAIN, RIF, URO, CLANKER and LUNA.
https://twitter.com/BinanceWallet/status/1869684099109240883
At this point, we present the fourth and final batch of tokens added to Binance Alpha, which will have a chance to be listed on the world’s largest exchange.
The new crypto in question are: BANANA, KOGE, BOB, MGP, PSTAKE, GNON, Shoggoth, LUCE, and ODOS.
Users can easily purchase these highlighted assets through the “Acquisto Veloce” feature available on the Binance web3 Wallet.
Obviously, these tokens exhibit extreme volatility and could dump significantly in unfavorable market conditions.
In the case, however, that they were to be listed on Binance markets, they would surely see an excellent graphical appreciation.
Binance aims for the inclusion of a memecoin ecosystem
The latest Binance Alpha initiative is part of a project by the exchange aimed at supporting the world of low-capitalization tokens.
In May, Binance had explicitly announced that it would also list small projects, shifting from its classic modus operandi that evaluated only large, already developed crypto realities.
In an official press release, the platform had invited “team di alta qualità” from a wide range of projects to apply for its internal initiatives.
The inauguration of Binance Alpha perfectly follows this strategy, bringing Binance users closer to the world of small cap memecoin.
Now the exchange rejects the common classification of these resources as lacking utility, and embraces a world made of volatility and great trading opportunities.
The challenge for the Binance team has thus become twofold. On one hand, to incentivize the flow of users and new resources on Binance Alpha and promote real applications.
On the other hand, protect users from suspicious projects through a strict selection at the entrance, which takes into account both the developers of the new resources and their respective communities.
Furthermore, we emphasize that recently the BNB ecosystem has aligned even more with memecoins after the DEX PancakeSwap launched the launchpad SpringBoard.
Here too, the intent is to create a more cohesive and compact community in meme coin trading, encouraging the flow of new project creation.
