Many people may not want to hear this, but it is the truth...

1. What is the 'Alpha' project on Binance?

The 'Alpha' section is a category introduced by Binance to showcase cryptocurrencies, potentially focusing on some emerging tokens or projects in early stages (often referred to as the 'Alpha' stage, i.e., early development). These tokens are often newly launched or have low market attention but potential. Tokens listed in the image, such as B, SOON, B2, KOGE, etc., show significant price fluctuations (some rising or falling by as much as +11.68% or -6.46%), indicating that these projects may have low trading volumes and high market volatility.

### 2. What is the purpose of the exchange promoting this section?

The purpose of Binance launching the 'Alpha' section may include:

- Attracting users to participate in high-risk, high-return investments: This section usually attracts speculators seeking high returns, especially those interested in new projects.

- Promoting new projects: Helping some early-stage projects gain exposure, attract funding, and enhance their visibility and liquidity.

- Increasing trading volume and fee income: Trading activity of new projects generates more fees for the exchange.

- Meeting diverse market demands: Providing more options for users with different risk preferences and enriching the platform ecosystem.

### 3. Are these projects risky? Is it 'slicing leeks'?

Yes, the risks of these projects are usually very high for the following reasons:

- Low market cap and high volatility: The token prices in the image are generally low (ranging from 0.011295 to 65.29), meaning they have a small market cap, making them easy to manipulate and subject to drastic price swings.

- Immature projects: Projects in the 'Alpha' stage often lack mature products, market validation, or a user base, leading to a higher failure rate.

- Lack of transparency: Many new projects may not have undergone thorough auditing, team backgrounds may be unclear, and there are risks of 'running away' or 'slicing leeks'.

- Strong market speculation: These tokens are easily influenced by hype, and their prices may be driven up or down in the short term, making it difficult for ordinary investors to navigate.

The possibility of 'slicing leeks' does exist. Some projects may attract retail investors through false advertising, then the team sells off the tokens for profit and exits, leading to a price crash. This phenomenon is not uncommon in the cryptocurrency market, especially for new projects.

### 4. Is there a difference between buying these coins and throwing money into the water?

From a risk perspective, investing in tokens of these 'Alpha' projects is indeed similar to 'throwing money into the water' because:

- High probability of loss: Due to immature projects and high market volatility, investors may face the risk of losing their entire capital.

- Information asymmetry: Ordinary retail investors find it hard to obtain enough information to assess the true value of a project, making it easy to become 'the one who picks up the pieces'.

But there are also differences:

- Potential high returns: If the project succeeds (for example, KOGE and PORT3 increased by +8.43% and +11.68% respectively), it could lead to high profits.

- Learning opportunity: Participating in such projects can help you better understand the crypto market and gain experience.

### Summary and Recommendations

The risks of projects in the 'Alpha' section are extremely high, suitable for investors with strong risk tolerance and deep understanding of the crypto market. If you do not have sufficient research capability or risk tolerance, investing in these tokens may indeed be akin to 'throwing money into the water'.