🧐 Some things you need to know about #Binance Alpha 2.0 and the potential opportunities——
Binance has officially announced Alpha 2.0, which was promoted throughout the day yesterday by @heyibinance and @cz_binance;
Everyone has been shouting that something big is coming!
So what exactly is this big thing? How will it reshape the industry? Do we have better opportunities?
This article will analyze from the perspective of retail investors!
First, if you update to the latest version now, you will see Alpha appear in the main site’s market interface, and then you can directly purchase Alpha on-chain products using stablecoins;
The biggest benefit of Alpha 2.0 is obvious: you can trade Alpha tokens directly on the App or .com interface without needing to open a wallet and prepare gas fees;
In simple terms, you might only need one Binance account,
On-chain trading is as simple as buying spot, allowing you to easily stake on-chain memes with just one click, blurring the lines between spot and on-chain trading;
- Here are a few key points you need to know about this feature:
1️⃣ You need to update the App to see it:
You need to upgrade to the latest version (iOS > 2.97.2, Android > 2.97.10), and then you can see it in the main site’s market interface,
Note that it is not the market interface of the wallet, so don’t enter the wrong one;
If you can’t see it after updating, try clearing the cache and re-entering, or check if your VPN is connected to some European or American regions. I couldn’t see it after updating, but clearing the cache allowed me to see it;
2️⃣ You need stablecoins to trade with one click;
Note: The stablecoins that can be traded must be:
USDT on the BSC/ETH chain; or USDC on the SOL/BASE chain to perform one-click trading on the main site;
3️⃣ This feature currently seems to be a benefit for Chinese-speaking regions;
Currently, only users in certain regions can use this feature, based on their resident IP or KYC,
At present, only users from mainland China, Hong Kong, Malaysia, Taiwan, Singapore, and other regions can use it. The opportunity for the Chinese-speaking community has finally arrived, those who understand know!
- Currently, what are the benefits of Alpha 2.0——
1️⃣ Simple and convenient investment on-chain:
The no-threshold design is one of the highlights of Binance Alpha 2.0;
Traditional Web3 investments usually require users to set up on-chain wallets and deal with complex private key and gas fee issues,
While Binance Alpha 2.0 eliminates this barrier, users only need to operate using their familiar Binance account, completing transactions in three steps.
The specific process may include:
1) Log into the Binance account’s spot market section;
2) Select the on-chain Alpha Web3 project of interest;
3) Confirm the transaction and complete the investment.
I think this is the biggest advancement;
Currently, the threshold for WEB3 is quite high, especially for on-chain activities, and newcomers can easily make mistakes. If one-stop investment in early projects and the primary market is possible, it would be a boon for novice players;
2️⃣ Professionally selected:
Moreover, the investable on-chain projects here are early Web3 Alpha projects that have been professionally selected by the Binance CEX platform team, with high community attention and growth potential;
It’s like having a research team do the analysis for us, and then we choose whether to invest;
This design is particularly suitable for novice investors, lowering the technical and research thresholds, which may attract more traditional finance users into the Web3 space.
3️⃣ Dual-mode flexible trading:
Binance Alpha 2.0 offers two trading modes: price priority and success rate priority, allowing users to choose based on their needs.
The price priority mode may be suitable for users seeking low-cost trading, while the success rate priority mode is more suitable for users who want to ensure trade execution.
For example, short-term traders may prefer the price priority mode to reduce trading costs; long-term investors may choose the success rate priority mode to ensure smooth transactions amid market fluctuations.
This flexibility ensures that users with different risk preferences and trading strategies can find a suitable way, and evidence suggests that this will enhance overall user satisfaction.
- Finally, let’s discuss how it will reshape the industry and whether we have better opportunities:
Binance Alpha 2.0 currently seems not complicated, but taking this step may reshape the industry by increasing accessibility and enhancing the role of CEX in Web3 investments. First, the opportunities on the Binance chain will significantly increase, and many projects may launch on the Binance chain. Secondly, the diversity of projects will be higher, allowing users to directly participate in IDOs (Initial Decentralized Offerings), potentially capturing greater upside.
The opportunities we may have are to pay more attention to the opportunities and new projects on the Binance chain in the near future; this period should be a time of benefits.
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