Binance Alpha has announced the launch of the DEGEN token and the initiation of an airdrop for users who have accumulated sufficient Alpha Points.
Launch of DEGEN Token
Binance Alpha officially launched the DEGEN token and commenced an airdrop on June 14, 2025. This event highlights the company's commitment to engaging users and enhancing activity on its platform.
Eligibility for Airdrop
To participate in the airdrop, users need at least 245 Alpha Points. Each eligible user can claim 13,862 DEGEN tokens by spending 15 Alpha Points per claim, with a confirmation required within 24 hours of the request.
Potential Consequences of Airdrop
The airdrop will be conducted in phases and could impact user engagement and trading volumes. Demand for the tokens is expected to rise, leading to a temporary increase in trading activity. Currently, no significant changes in liquidity across the market have been observed.
In conclusion, the launch of the DEGEN token and the airdrop by Binance may drive user activity, aligning with the company's strategy of retaining and rewarding its customers.
