Players preparing to play the Adventure Island chain game should have seen the news that the token NXPC from Adventure Island is going to launch on Binance Alpha today.
However, it seems that many players who have just entered Web3 are not clear about the details of NXPC launching on Binance Alpha, and I have been receiving private messages asking me about it.
[About Binance Alpha], you can view this official link.
https://www.binance.info/en/support/faq/detail/12e7f2e555704f9c8e852d1c1afb032a?utm_source=new_share
Below, I will summarize in a way that is easier for new players in chain games to understand:
1. Binance Alpha is a trading module in Binance Wallet, primarily used for listing new coins. Binance Wallet also has other trading modules like BSC/Solana/Hot (as shown in Figure 3).
2. Binance Wallet is similar to OKX Wallet or Metamask Wallet that everyone uses when linking wallets for gaming; it is decentralized.
Players buying and selling tokens in Binance Wallet are conducting on-chain transactions and need to pay gas fees for each chain (if buying and selling tokens on Binance Exchange, only transaction fees are needed, no gas fees).
A decentralized wallet means players hold their own wallet private keys and manage their own funds; Binance and any third parties cannot operate your wallet. In contrast, your Binance Exchange account has a centralized Binance backend that collects your transaction data for buying and selling tokens, and can suspend your account at any time.
3. The current function of Binance Wallet is similar to a DEX, which is a decentralized exchange.
For tokens announced to be launched on Binance Alpha, the token project party will establish liquidity pools in Binance Wallet, providing one or more trading pairs to ensure that users can quickly complete transactions when buying or selling this token at market prices.
After the token NXPC from Adventure Island started trading on Binance Alpha on the 15th, the project party will establish NXPC/AVAX trading in Binance Wallet. So, if you want to buy NXPC, you can buy some Avalanche chain's base token AVAX at a low price in advance (using USDT on Avalanche should also allow you to buy NXPC, but you still need to use AVAX to pay for the gas fees when buying and selling NXPC).
4. Because Binance Wallet is decentralized, and the token NXPC from Adventure Island is issued on the Avalanche chain, players need to bridge their funds (ETH, USDT) from other chains in their Binance Wallet to the Avalanche chain in order to buy NXPC tokens from Adventure Island, and bridging funds requires paying AVAX tokens as gas fees. The cheapest way should be to buy AVAX directly on Binance Exchange and then transfer it to Binance Wallet via the Avalanche chain.
5. The reason Binance Alpha has gained fame in recent months is that it frequently airdrops new coins to users who meet the points requirement for Binance Alpha. Similarly, the Adventure Island token NXPC will also be airdropped before its launch on Binance Alpha on the 15th. Users with Binance Alpha points who meet the scoring requirements can receive this free benefit.
There are two ways to earn points on Binance Alpha: deposit money into Binance Exchange or Binance Wallet + trade existing tokens on Binance Alpha daily. The point rules can be seen in Figure 4.
6. Listing a token on <Binance Exchange > and listing a token on <Binance Alpha > are two different magnitudes of listing methods. Listing on Binance Exchange is a centralized exchange (CEX listing), while listing on Binance Alpha is equivalent to a decentralized exchange (DEX listing).
The liquidity on Binance Exchange is far greater than that on Binance Alpha. A new coin being listed on Binance Exchange itself is a heavyweight endorsement, indicating that the project has passed various screenings and reviews by Binance Exchange, and will have a huge number of Binance users trading this new coin on the exchange.
In comparison, Binance Alpha is on-chain; although Binance Exchange also screens and reviews projects listed on Alpha, the conditions and requirements are much more relaxed. However, for DEX listings, the recent popularity and trading volume of Binance Alpha far exceed Uniswap, Pancake, Aerodrome, and others.
Tokens need to contribute a significant share to Binance for new user acquisition activities whether they are listed on Binance Exchange or Binance Alpha.
On Binance Exchange, users typically stake BNB/FUSDT to mine new coins (Binance's Launchpool); in Binance Wallet, it is directly airdropping new coins to eligible Binance Wallet users.
For the project party, it is all about spending a massive amount of token airdrop costs on Binance Exchange and Binance Wallet Alpha to gain more Web3 users' orders for this token and more attention from the entire industry towards the project itself.
