Although the features of Binance Alpha have been online for a long time, many people are still unclear about how to engage with these sections.
Alpha is an on-chain trading feature built into the Binance platform. It provides a great data increment exposure for project parties and offers more rewards for platform users to earn profits.
It is reported that this section is expected to continue until November, and so far, Alpha has provided participating users with rewards of no less than $2000.
So how do you get started with Alpha❓❓
First, you need to know where the Alpha feature is.
1️⃣ In the platform market: Click on the section labeled Alpha in the upper categories, and different secondary chain classifications will appear. Currently, there are 6 chains available for trading: SBC, Ethereum, Solana, Base, Sonic, and Sui, and more are being added.
2️⃣ Wallet Alpha: The Alpha label can be found in the home options and at the top of the market, both featuring trading for 6 chains.
Differences:
Trading on the platform is based on the advantages of the centralized wallet of Binance, where you only need to have USDT and USDC in your account to perform Swap trades across all chains, without having to separately deposit consumed tokens into the target chain for exchange.
On the other hand, Wallet Alpha requires you to deposit mainnet token assets into the corresponding chain for exchange, which makes the process more complex, so it is not recommended for novice players to trade.
⚠️ Here are some things to understand:
1. Sometimes after a trade is completed, the quantity may not display, making it impossible to check your buy/sell amounts. If it still does not display after waiting 5 seconds, you can exit the app and reopen it.
2. If you encounter an issue with insufficient liquidity during the trade, simply click on the quantity you wish to exchange again.
3. Some chains require limit buy orders, while most chains can use instant trading.
Finally, when the total transaction amount reaches a certain threshold, different tiers of points will be awarded.
Points can be viewed by searching 🔍 "Alpha Activity" in the search box to check points, claim Alpha airdrops, TGE, and trading competitions. Currently, it appears that the rewards for Alpha airdrops are more plentiful. Since Binance has introduced a point consumption mechanism, it is important to conduct thorough research before participating in each activity, or you may miss out on significant opportunities.
