Recently, the Binance team launched Binance Alpha 2.0, which is expected to open a portal for direct DEX trading for Binance, the world’s leading CEX platform. This update has aroused the excitement of investors and binary users as it enhances investment opportunities and improves the user-friendliness of the platform.
What are Binance Alpha and Binance Alpha 2.0?
Binance Alpha is a platform in the Binance Wallet ecosystem that aims to demonstrate early cryptocurrency projects with growth potential in the Web3 space. It serves as the currently listed token selection pool. Binance Alpha allows users to discover and invest in promising tokens before they can be listed in Binance Exchange. Its main features include user-friendly quick purchase options and a 24-hour display of tokens. In addition, integration with Binance wallets can be purchased efficiently with anti-MEV protection and skateboard adjustments.
Binance Alpha is an educational program, rather than a guarantee of listing, which can help users participate in emerging crypto projects while emphasizing risk awareness due to the speculative nature of these investments. Binance may consider listing some focus on Binance Alpha in the future. However, it does not guarantee this. Binance’s experts have selected Cookies, AIXBT, CGPT, Cheems, TST, Shell and GPS, which are listed on Binance Exchange for their outstanding performance.
Binance now positions Binance Alpha as a launch pad for early-stage investments, ranking lower than the already listed technology tokens. BNB Chain DEX tokens and tokens are currently being introduced on Binance Alpha, but the investment potential that has not been listed is high, as they are likely to be officially listed in the future.
Source: binance
Binance Alpha 2.0 Is an enhanced version of Binance Alpha that improves functionality and user experience to meet evolving market demands. Binance expects Binance Alpha 2.0 to include advanced features such as a more intuitive interface and deeper ecosystem integration. It also provides greater transparency through community-driven token selection. The main purpose of Binance Alpha 2.0 is to further authorize users to explore and invest in early stage tokens and to maintain Binance’s focus on innovation in the Web3 field. Additionally, it will address risks associated with volatility and regulatory challenges to ensure alignment with Binance’s broader crypto ecosystem strategy.
How to use it?
The market section has a dedicated “Alpha” tab that allows users to browse the Alpha tokens without switching to the Binance Wallet (unlike the previous Binance Alpha). Users can search for Alpha tokens directly from the homepage in the “ALL” and “Alpha” sections. Each Alpha token has its own information page, displaying real-time price charts, key project details and trading options.
With Binance Alpha 2.0, users can explore and purchase on-chain tokens directly on Binance Exchange. They no longer need to withdraw assets to external wallets or create chain wallets. This feature allows Binance users to seamlessly purchase Alpha tokens using the remaining balance in their Binance Exchange account.
By leveraging CEX funds for DEX trading, Binance Alpha 2.0 eliminates unnecessary steps and reduces transaction costs. It also simplifies transaction experience and makes decentralized transactions easier to use for binary users.
