The Convenience and Risks of Alpha 2.0: What Should Ordinary Users Be Aware Of?

The biggest benefit of Binance Alpha 2.0 is that it allows beginners to easily trade on-chain tokens! Previously, buying on-chain coins required dealing with wallets, private keys, and gas fees; now you can buy them directly in the Binance App with just a few clicks, as convenient as trading stocks. However, behind this 'one-click token purchase' convenience, there are a few issues to be aware of:

1. Don't Get Carried Away by 'Convenience':

Many new users impulsively jump in when they see meme coins skyrocketing, but on-chain tokens are highly volatile and can drop 50% in a day. It's advisable that no single investment exceeds 1% of your total funds; treat it like buying a lottery ticket, and you won't regret it if you lose.

2. Be Cautious of 'Fake Hype' Projects:

Some coins may seem to have a vibrant community, but are actually generated by bots. Here are two tips to avoid pitfalls:

- Check on-chain data: For instance, the number of holding addresses (the more distributed, the better).

- Look at social media: If there are only shares with no real discussions, it’s likely just hype.

3. Don't Ignore Regulatory Risks:

Although Binance reviews projects, many on-chain tokens have not undergone strict scrutiny. If a token is involved in illegal activities (like money laundering), the platform may delist it, and you might not be able to recover your funds.

In summary: Alpha 2.0 has lowered the barriers, but the risks have not decreased! Don't be greedy, do your homework before diving in. $BNB