Binance Alpha to Serve as a Token Selection Repository Prior to Token Listings on Binance, Highlighting Promising Early-Stage Projects
(Background: How did memes rise to prominence, from internet trends to a market value of hundreds of billions? A report from Binance Research.)
(Additional Context: Binance Regional Market Head: Global Regulatory Changes Are Happening, Welcoming Taiwan Government’s Promotion of Crypto Industry Development)
This article is a press release written and provided by Binance, and does not reflect the position of Dong District.
Binance, the leading blockchain ecosystem in terms of global trading volume and user numbers, has announced the launch of Binance Alpha, a platform integrated into the Binance Wallet (formerly known as “Binance Web3 Wallet”), aimed at focusing on early-stage projects and helping users discover alpha investment opportunities. Notably, Binance Alpha will serve as a platform to showcase tokens that may be selected for listing on the Binance exchange in the future.
“Binance Alpha serves as a token selection repository prior to listings, aiming to enhance the transparency of token selection for entry into the Binance exchange,” stated Winson Liu, Global Head of Binance Wallet. “By publicly showcasing carefully selected early-stage projects, Binance Alpha builds community trust, provides users with analytical insights into tokens with future growth potential, and fosters their development within the Binance ecosystem.”
The tokens displayed on Binance Alpha are curated through Binance’s industry expertise and advanced insights, focusing on projects that demonstrate strong community interest, sustained growth momentum, and alignment with the developmental trends of the crypto ecosystem. Binance Alpha also aims to provide valuable information to help users gain a deeper understanding of the Web3 ecosystem and its potential impact on the future development of blockchain technology.
Information about 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 them.
The “Quick Buy” feature enhances the trading experience by improving the existing Swap functionality within the Binance Wallet. This feature offers a faster, seamless trading process, and provides a higher success rate and more competitive pricing compared to other decentralized exchanges (DEX) or trading bots. Key improvements include: automatic selection of on-chain native tokens and setting default trading amounts based on wallet balance, automatic adjustment of slippage during trade retries to increase success rates, and the introduction of an anti-MEV (Maximum Extractable Value) mechanism to mitigate the impact of MEV on large trades, ensuring users receive better trading prices.
Starting from December 18, 2024, users will be able to explore Binance Alpha through the Binance Wallet and discover innovative project offerings. The first five tokens will be announced on December 18, 19, and 20 (exact timing may vary). For the latest updates, users can follow the official X account of the Binance Wallet.
