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Alpha Token on Binance (200 words)
Alpha Token, also known as Alpha Venture DAO (ALPHA), is a decentralized finance (DeFi) token available for trading on Binance. It powers the Alpha Venture DAO ecosystem, which focuses on incubating Web3 startups and building innovative DeFi products. Alpha’s goal is to bring forward disruptive ideas in the blockchain space and support early-stage projects through funding, development support, and community backing.
Alpha originally gained attention with its first product, Alpha Homora, a platform that allows leveraged yield farming. Users can lend assets or borrow to farm with leverage, increasing their potential returns — though also increasing risks. Since then, Alpha has expanded into more areas, including project incubation and DAO governance.
Holders of the ALPHA token can stake it to earn rewards and participate in governance, influencing decisions about the direction of the DAO and its incubated projects. The token also plays a role in aligning incentives between builders and community members.
On Binance, ALPHA can be traded against major cryptocurrencies like USDT, BTC, or BNB. Traders and investors often speculate on ALPHA due to its association with early DeFi innovation and its role in supporting the future of decentralized projects in the Web3 space.
