Key Points

• Binance Alpha is a pre-listing token selection pool to enhance transparency in token listing consideration.
• Tokens showcased on the platform show strong community interest and alignment with key market trends.

Binance has just announced a new platform within its recently revamped Wallet – Binance Alpha.

The new platform will launch on December 18 and will serve as a pre-listing token selection tool, enhancing the transparency in Binance’s process to list new tokens.

What is Binance Alpha?

Binance Alpha is a new platform that will launch within the Binance Wallet and will offer a spotlight on early-stage crypto projects that have growing potential in the Web3 ecosystem.

According to the exchange’s official announcement, Binance Alpha can be regarded as a pre-listing token selection pool, while enhancing the transparency of the exchange’s consideration for new token listings.

Binance’s co-founder, Yi He, also highlighted the upcoming platform in an announcement via X:

Key Features of Binance Alpha

Here are the key features of the new platform, according to Binance’s official announcement:

1. Innovation Spotlight

The platform will explore tokens that have strong growth potential in Web3, offering users important insights.

2. Educational Insight

The platform will help users learn about emerging projects, including their use cases, and the narratives driving their popularity in Web3.

3. Quick Access

Tokens listed on the platform can be seamlessly purchased via the Quick Buy feature in the Binance Wallet.

The platform optimizes the Swap functionality for better prices and transaction rates compared to DEXes or trading bots.

4. Automatic Selection

There will be an automatic selection of the native chain’s token and the default trading amount according to wallet holdings.

5. Automatic Slippage

There will be an automatic slippage adjustment while users retry transactions to boost success rates.

6. Anti-MEV Mechanism

The mechanism will perform the following actions, especially for larger transactions:

• Help prevent adverse effects of MEV
• Ensure better prices

7. Expert Curation

The tokens to be featured on the new platform will be selected using Binance’s advanced insights and observation list.

Token Requirements for Addition Consideration

Binance revealed that the tokens taken into consideration for being listed on the new platform would have to show the following characteristics:

• Strong community interest
• Increased traction
• Alignment with the most important trends in the crypto industry

The crypto exchange made an important note in its announcement and said that there is no guarantee that all tokens on Binance Alpha will considered for listing on the exchange in the future, but some of them will be added.

However, the new platform will offer users important insights into projects that could make a lasting impact in Web3.

How Binance Alpha Works

The exchange also offered information about how the new platform will work:

Preparation

• Users have to update their Binance App to version 2.93.0 or higher for the best potential experience.
• Users must make sure that they have a Binance Wallet that is backed up.
• Users who do not have an account on the exchange can create one here.

Token Pre-Launch

• Before launch, a countdown clock and chain details will appear in the Alpha section in the Markets tab.
• Users have to make sure they have enough balance in the main chain’s native token.

Token Addition

Tokens will reportedly go live in batches for a limited period of 24 hours. During this time, users can explore the details of the project and use the Quick Buy feature to purchase their chosen ones.

5 Tokens Per Day, Announced on Binance Alpha on December 18, 19 and 20

Binance Alpha can be explored starting tomorrow, and 5 tokens will be announced on the platform on the same day, 5 more on December 19, and another batch of 5 tokens, on December 20.

The exchange noted that additional token announcements are planned beyond these days as well.

Binance advised its users to remain informed about the upcoming projects via official channels where more announcements will take place.

Additional Information

In the FAQ section, Binance made some additional observations regarding the new platform.

The tokens featured on Binance Alpha are not endorsed by Binance, and the exchange does not guarantee their success.

Binance does not accept direct token suggestions from users, but the exchange always monitors the market, considering community feedback.

The crypto exchange also clarified the difference between Binance Pre-Market and Binance Alpha.

Binance Pre-Market allows users to trade selected Launchpool tokens before their public debut on the exchange, offering early trading access for these projects before listing.

Binance Alpha places early-stage projects with listing potential in the spotlight, enhancing transparency in the process involved in the tokens considered for potential listing.