Binance Alpha will serve as a token selection library before listing on Binance, highlighting early-stage projects with potential.
(Brief summary: “Binance Research: From Internet Memes to Billions in Market Value, How did Memes become so popular?”)
(Context: Binance Regional Market Leader: Global regulatory changes are happening, and we are pleased to see the Taiwanese government promoting the development of the cryptocurrency industry.)
This article is a press release written and provided by Binance, and its position is unrelated to Dynamic Zone.
Binance, the blockchain ecosystem with the highest global trading volume and user base, has announced the launch of Binance Alpha. This is a platform embedded within the Binance Wallet (formerly known as the Binance Web3 Wallet), aimed at focusing on early-stage projects and helping users discover alpha investment opportunities. It is worth noting that Binance Alpha will serve as a platform showcasing tokens that may be selected for listing on the Binance exchange.
“As a token selection library before listing, Binance Alpha aims to improve 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 analytical insights into tokens with future growth potential, and promotes their development within the Binance ecosystem.”
The tokens showcased by Binance Alpha are selected based on Binance’s industry expertise and advanced insights, focusing on projects that demonstrate strong community interest, sustainable growth momentum, and alignment with the trends in the development of the cryptocurrency ecosystem. Binance Alpha also aims to provide valuable information to users, helping them gain a deeper understanding of the Web3 ecosystem and its potential for the future development of blockchain technology.
Information about the tokens that will be listed on Binance Alpha will be announced 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 the project details and purchase tokens through the “Quick Buy” function. After the display period ends, these tokens will continue to be available in the Alpha section of the market tab, where users can continue to track and trade them.
The “Quick Buy” function enhances the trading experience by improving the existing swap feature within the Binance Wallet. This feature provides a faster and seamless transaction process, offering higher transaction success rates and more competitive prices compared to other decentralized exchanges (DEX) or trading bots. Key improvements include automatically selecting native on-chain tokens and setting default transaction amounts based on wallet balance, automatically adjusting slippage when retrying transactions to improve success rates, and introducing a mechanism to reduce the impact of MEV (Maximum Extractable Value) in large transactions, ensuring users get better trading prices.
Users can explore Binance Alpha through the Binance Wallet starting from December 18, 2024, to 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.
