Binance, the leading blockchain ecosystem with the largest trading volume and user base, has announced the launch of Binance Alpha, a platform embedded within the Binance Wallet (formerly known as "Binance Web3 Wallet"). The goal is to focus on early-stage projects and help users discover Alpha investment opportunities. It is noteworthy that 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 screening library before listing, aiming to enhance the transparency of token selection for the Binance exchange," said Winson Liu, the 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 growth potential, and promotes their development within the Binance ecosystem."
The tokens featured 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 evolving 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, with a 24-hour showcase period during which users can review project details and purchase the tokens using the "Quick Buy" function. After the showcase period, these tokens will remain in the Alpha section of the Markets tab, allowing users to continue tracking and trading them.
The "Quick Buy" function enhances the trading experience within the Binance Wallet by improving the existing Swap feature. This function provides a faster and more seamless trading process, with a higher success rate 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 the wallet balance, retrying transactions with automatic slippage adjustment to increase success rates, and introducing an anti-MEV (Miner 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.
Risk Warning
Cryptocurrency investments carry a high degree of risk, and their prices may fluctuate significantly. You may lose your entire principal. Please carefully evaluate the risks.
