Binance has launched its new platform, Binance Alpha, focused on innovative Web3 projects. Today, it listed its first batch of five tokens.
First 5 Tokens on Binance Alpha
The first tokens listed on Binance Alpha include KOMA, CHEEMS, APX, ai16z, and AIXBT. Following the listing, there were notable price and market cap changes for these tokens. KOMA's price surged over 5%, reaching $0.13 before dropping to $0.11. CHEEMS saw its market cap rise from $189 million to $204 million before it dropped back to $191 million. Similarly, APX experienced a price surge of over 7%, with its market cap increasing from $98 million to over $103 million.
Second Round of Token Listings Announced
The official Binance X account announced a second round of token listings on Binance Alpha. Another batch of five tokens will be revealed within two hours of the first announcement. These tokens will include 3 on Ethereum, 1 on BNB Chain, and 1 on Solana.
About Binance Alpha Platform
Binance Alpha is a gateway for new crypto projects with growing potential in Web3. In an official announcement, Binance outlined the main considerations for token listings, including strong community interest and alignment with current trends in the crypto ecosystem. However, Binance notes that listing on Alpha does not guarantee future listing on the main Binance platform, although successful projects might eventually be included.
Binance Alpha provides opportunities for emerging crypto projects in the rapidly evolving Web3 ecosystem. The upcoming days are expected to see further listings as the platform has announced new tokens on December 19 and 20.
