Binance Alpha is a new feature on Binance Wallet (formerly Binance Web3 Wallet) that allows users to trade tokens that may or may not be listed on Binance. This gives users the opportunity to invest in promising projects early on, before they are added to the main Binance exchange. The first five tokens to be added to Binance Alpha are: AION (AION) Celsius Network (CEL) Fetch.ai (FET) MultiVAC (MTV) * Reef (REEF) These tokens were selected based on a number of factors, including project quality, community engagement, and market trends. Trading on Binance Alpha is similar to trading on a decentralized exchange (DEX). Users can place orders directly with each other, without using a middleman. This can result in lower fees and faster trade execution. However, it is important to note that Binance Alpha is not a DEX. Binance still has full control over the tokens that are listed on Binance Alpha, and it can delist tokens at any time. This means that there is still some risk involved in trading on Binance Alpha. However, the potential rewards can be significant, especially for early investors in promising projects.