Binance Alpha will serve as the token selection repository prior to token listings on Binance, highlighting promising early-stage projects.
Binance, the leading blockchain ecosystem in terms of global trading volume and user count, has announced the launch of Binance Alpha, a platform embedded within the Binance Wallet (formerly known as “Binance Web3 Wallet”). This platform aims to focus on early-stage projects and assist users in discovering Alpha investment opportunities. Notably, Binance Alpha will serve as a platform to showcase tokens that may potentially be selected for listing on the Binance exchange in the future.
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 developmental trends of the crypto ecosystem. Binance Alpha also aims to provide users with valuable information to help them gain a deeper understanding of the Web3 ecosystem and its potential impact on the future development of blockchain technology.
Information regarding 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 “Market” tab of the Binance Wallet. Tokens will be listed in batches, with 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, allowing users to track and trade 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 (DEXs) or trading bots. Key improvements include: automatic selection of on-chain native tokens and setting default transaction amounts based on wallet balance, automatic adjustment of slippage during transaction retries to increase success rates, and the introduction of a MEV (Maximal Extractable Value) protection mechanism to mitigate MEV impacts in large transactions, ensuring users receive better trade prices.
Users can explore Binance Alpha and discover innovative projects through the Binance Wallet starting from December 18, 2024. The first batch of five tokens will be announced on December 18, 19, and 20 (exact times may vary). For the latest updates, users can follow the official X account of the Binance Wallet.
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