Binance Alpha will serve as Binance's token selection pool before listing, highlighting early-stage projects with potential
(Background: How did Meme go from an internet joke to a market value of 100 billion?)
(Additional Background: Binance Regional Markets Head: Global regulatory changes are happening, we welcome Taiwan's efforts to develop the crypto industry)
This article is a press release written and provided by Binance, and is independent of the stance of Blocktempo.
Binance, the global blockchain ecosystem with the highest trading volume and user count, has announced the launch of Binance Alpha, a platform embedded within the Binance Wallet (formerly "Binance Web3 Wallet") that aims to focus on early-stage projects and help users discover Alpha investment opportunities. Notably, Binance Alpha will serve as a platform to showcase tokens that may be selected for future listing on the Binance exchange.
"Binance Alpha serves as a token selection pool before listing, with the goal of increasing the transparency of token selection for the Binance exchange," said Winson Liu, Global Head of Binance Wallet. "By publicly showcasing carefully selected early-stage projects, Binance Alpha builds community trust, provides users with insights into tokens with future growth potential, and facilitates their development within the Binance ecosystem."
The tokens showcased on Binance Alpha are selected through Binance's industry expertise and advanced insights, focusing on 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 valuable information to help users gain a deeper understanding of the Web3 ecosystem and its potential for the future development of blockchain technology.
Information on the tokens that will be listed on Binance Alpha will be pre-released on the Binance Wallet and Binance's official community platforms. Users can check the countdown timer and on-chain details in the "Markets" tab of the Binance Wallet. The tokens will be listed in batches and will be available for a 24-hour showcase period, during which users can review project details and purchase the tokens through the "Quick Buy" function. After the showcase period, these tokens will continue to be available in the Alpha section of the Markets tab, allowing users to track and trade them.
The "Quick Buy" function enhances the existing Swap functionality within the Binance Wallet, improving the trading experience. This feature provides a faster, seamless trading process and higher transaction success rates and more competitive prices compared to other decentralized exchanges (DEXs) or trading bots. Key improvements include: automatically selecting the native token of the chain and setting the default trade amount based on wallet balance, retrying transactions with automatically adjusted slippage to increase success rates, and introducing an anti-MEV (Maximum Extractable Value) mechanism to reduce the impact of MEV on large trades, ensuring users get better trade prices.
Users can explore Binance Alpha and discover innovative projects through the Binance Wallet starting from December 18, 2024. The first five tokens will be announced on December 18, 19, and 20 (the exact timing may be adjusted). To stay updated, users can follow the official X account of the Binance Wallet.
