Binance Alpha will serve as a token selection library for coins before they are listed on Binance, highlighting promising early-stage projects.
Binance, the blockchain ecosystem with the highest global trading volume and user base, has announced the launch of Binance Alpha. This platform is embedded within the Binance Wallet (formerly known as “Binance Web3 Wallet”) and aims 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.
The tokens showcased by Binance Alpha are selected based on Binance’s industry expertise and advanced insights. The selection process focuses on projects that demonstrate strong community interest, sustainable growth momentum, and alignment with the development trends of the crypto ecosystem. Binance Alpha also aims to provide valuable information to users, helping them gain a deeper understanding of the Web3 ecosystem and its potential impact on the future development of blockchain technology.
Information about the tokens that will soon 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 “Markets” tab of the Binance Wallet. The tokens will be listed in batches and will have a 24-hour display period during which users can browse project details and purchase tokens using the “Quick Buy” feature. After the display period ends, these tokens will continue to be available in the Alpha section of the market tab for users to track and trade.
The “Quick Buy” feature enhances the trading experience by improving the existing Swap feature within the Binance Wallet. It offers a faster and seamless trading process and provides higher transaction success rates and more competitive prices compared to other decentralized exchanges (DEX) or trading bots. Key improvements include automatic selection of on-chain native tokens and setting default transaction amounts based on wallet balances, automatic slippage adjustment when retrying transactions to improve success rates, and the introduction of a mechanism to prevent Maximum Extractable Value (MEV) to reduce the impact of MEV in large transactions and ensure users get better trading prices.
Starting from December 18, 2024, users can explore Binance Alpha through the Binance Wallet and discover innovative project initiatives. The first batch of five tokens will be announced on December 18, 19, and 20 (specific times may be adjusted). For the latest updates, users can follow the official X account of the Binance Wallet.
This article is provided by the official source and does not represent the stance or investment advice of this site. Readers are urged to conduct their own careful evaluation.
