Binance, the world's largest cryptocurrency exchange, has added a new altcoin to its pre-listing pool, Alpha platform.
Binance Alpha, Binance's pre-listing platform, continues to add projects with high growth potential. According to the latest announcement, Degen (DEGEN) stands out among the projects to be featured on the Binance Alpha platform.
Being on the Binance Alpha platform does not mean that tokens will be directly listed on the Binance exchange, but it allows projects to reach a wider investor base and increases the chance of potential listing. DEGEN stands out especially as a token offered as a reward to Farcaster users.
A token's inclusion on the Binance Alpha platform means that Binance has reviewed the project and believes it holds value in the ecosystem. However, this does not guarantee that the token will be listed on the Binance exchange. In the past, many projects that have been featured on Binance Alpha have managed to reach a significant investor base by being listed on the Binance exchange over time.
Additionally, according to the Binance announcement, users will be able to claim 13,862 DEGEN token airdrops through the Binance Alpha event page, provided they have at least 245 Binance Alpha Points, starting from June 14, 2025, at 10:00 AM Turkey time. If the airdrop application is not completed within 24 hours, the user will lose this right. Furthermore, Binance will carry out the airdrop distribution in two phases as of June 19, 2025: In the first phase, guaranteed distribution will be made for users with high scores, while in the second phase, the remaining rewards will be given on a “first come, first served” basis by lowering the score threshold. Subsequent announcements by Binance should be followed for event details.
According to CoinGecko data, DEGEN has gained 0.4 in the last 24 hours and is trading at $0.003861 at the time of the news.
Stay tuned for new developments.
