The world's leading blockchain ecosystem in trading volume and user count - Binance, today (17th) announced the launch of 'Binance Alpha', a platform embedded within the Binance wallet (formerly known as 'Binance Web3 Wallet'), aimed at focusing on early project items and helping users discover Alpha investment opportunities. Notably, Binance Alpha will also showcase tokens that may be selected for listing on the Binance exchange in the future.
Winson Liu, Global Head of Binance Wallet, stated: 'Binance Alpha serves as a token selection repository before listing, aimed at enhancing the transparency of token selection for entry into the Binance exchange.'
By showcasing carefully selected early project items through public displays, Binance Alpha builds community trust, providing users with analytical insights into tokens with future growth potential and facilitating their development within the Binance ecosystem.
The tokens showcased by Binance Alpha are selected through Binance's industry expertise and advanced insights, focusing on those projects that demonstrate strong community interest, sustained growth momentum, and alignment with the development trends of the crypto ecosystem. Binance Alpha also aims to provide users with valuable information to help them gain deeper insights into the Web3 ecosystem and its potential impact on the future development of blockchain technology.
Information regarding tokens that will be listed on Binance Alpha will be released in advance on the Binance wallet and Binance's official community platforms.
Users can view the countdown timer and on-chain details in the 'Market' tab of the Binance wallet. Tokens will be listed in batches and will have a 24-hour display period, during which users can browse project details and purchase tokens through the 'Quick Buy' feature. After the display period ends, these tokens will remain in the Alpha section of the market tab, allowing users to continue tracking and trading.
The 'Quick Buy' feature enhances the trading experience by improving the existing Swap functionality within the Binance wallet. This feature provides a faster, seamless trading process, offering a higher success rate and more competitive pricing compared to other decentralized exchanges (DEX) or trading bots. Key improvements include: automatically selecting on-chain native tokens and setting default trading amounts based on wallet balance, automatically adjusting slippage when retrying trades to increase success rates, and introducing MEV (Maximal Extractable Value) protection mechanisms to reduce MEV impact in large trades, ensuring users receive better trading prices.
Starting from December 18, 2024, users can search for 'Binance Alpha' in the Binance wallet to discover innovative project items. The first batch of 5 tokens will be announced on December 18, 19, and 20 (specific times may vary). For the latest news, users can follow the official X account of Binance Wallet.
(The above content is provided by Binance)
"The article 'Binance Wallet launches 'Binance Alpha', focusing on potential projects and enhancing pre-listing transparency' was first published on (BlockTempo).