This article is a summary of a recent AMA hosted on Binance’s official Twitter, focused on the relaunch of Binance Wallet. The guest speakers included Yi He, Binance’s Co-founder, and Winson, the head of Binance Wallet’s product.

The following is the transcription of the AMA, with audio transcribed by GPT, and some parts may contain errors or have been shortened for brevity. The views expressed are those of the speakers and do not necessarily represent WuBlockchain’s stance.

YouTube:

Spotify: https://creators.spotify.com/pod/show/7qfkmlvhrl8/episodes/Alpaha-e2sjv78

Yi He:

Over the past year, I believe we’ve not done particularly well with our wallet business. After a period of reflection, we decided to completely rebuild the wallet from the ground up. This is how we arrived at the relaunch of Binance Wallet. I want to reclaim everything that belongs to us. However, in this process, we still need the community’s active participation and more feedback to help us grow together and create the best wallet that everyone envisions. Thank you.

Winson:

Let me introduce myself briefly. I’ve been in the cryptocurrency industry for over 10 years, starting in 2013 when I bought Bitcoin. I am also a firm believer in cryptocurrency and a HOLDER. Besides, I have a background as a programmer, and I’ve previously worked at a large Web2 tech company. Later, I ventured into entrepreneurship in both mobile internet and crypto industries, with my most recent startup focusing on wallets. During this process, I gained a more comprehensive and deeper understanding of the wallet business and realized that the barrier to entry is extremely high — it’s very capital-intensive.

The objective reality is that when I realized I didn’t have enough funds to continue, I’m grateful that Yi He found me, took me in, and gave me the opportunity to continue my work on Binance’s larger platform. So, my current role at Binance is not too different from my previous entrepreneurial journey. I’m excited to combine what I’ve always wanted to do and love with Binance’s mission. I’m also thrilled to have this chance to discuss our newly launched product with all of you.

Our product still has a lot of shortcomings, but I believe that great products are built together with the community, not in isolation. I sincerely welcome everyone to try out our products and provide us with feedback.

Yi He: Binance Has High Expectations for Coins Listed on the Platform

WuBlockchain:

As everyone knows, Binance has faced a lot of controversy this year over its coin listings. Binance itself is likely anxious about this, since everyone seems to expect that coins listed on Binance must go up in price, unlike other platforms. This puts Binance in a difficult position, as other platforms can profit from listing coins through fees, but Binance faces more scrutiny and criticism from the community. Could you talk about Binance’s recent launch of Binance Alpha? What were the considerations behind this, and why did you decide to launch it?

Yi He:

First, I think the coin listings on Binance have always received a lot of comments, with people expecting every coin listed to rise. Haha. On other platforms, if a project succeeds, everyone thinks it’s impressive, even if it’s just one out of dozens or hundreds.

However, on Binance, the expectation is that every coin must rise. The harsh reality is that when Binance’s user base reaches a certain scale, it directly impacts the market performance of a listed coin. Even if a coin has a small market cap, the massive influx of users can push its price up in a short time, which often leads to a price drop afterward.

So, we’ve been trying to find various optimal solutions, including pre-market strategies, where we aim to suppress the coin’s price to a more reasonable level before its official launch. However, in the early stages, this temporary suppression didn’t seem to be the ideal solution.

When you compare the cryptocurrency industry to traditional Web2 IPO processes, you’ll find that traditional projects gain a large user base or strong financial data before going public. But in crypto, many projects have a very short time span from establishment to TGE (Token Generation Event). A lot of these projects show inflated on-chain interaction data, often generated by airdrops, which don’t represent real users. Also, many projects lack business models, and people often dismiss the idea of business models as irrelevant, as you can assess a project’s worth using traditional Web2 methods.

The entire industry is currently in an awkward phase. I understand that blockchain’s essence is the transformation of production relations, where users, entrepreneurs, and founding teams should share in the labor’s results. But right now, many projects don’t have actual labor outcomes — they’re just empty air. It’s like a pot with only a few grains of rice, and everyone is scrambling for the water.

I believe that the industry will eventually need excellent entrepreneurs who create businesses that benefit society. This will generate revenue and allow the community and token holders to share the fruits of their labor. Meanwhile, I’ve noticed that U.S. policy has taken a 180-degree turn, and new regulations will help the industry mature, driving the transformation from production relations to actual labor results.

After explaining this, I hope you can understand why coin listings are so difficult now. Meme projects may have a few survivors, but most will end up at zero, which is a harsh reality. During this process, I can’t predict which coins will survive long-term or define which projects are good memes. For now, we’ve decided to put many projects — VC tokens, infrastructure projects, DeFi projects, and meme coins — on the watchlist.

Currently, there’s a list of hundreds of projects on the market. Many of them have strong teams or solid technology, but there are problems, such as flawed token models or inflated data, which may prevent them from being listed. So, we keep these projects in the observation phase.

During the observation process, there have been rumors of market manipulation, so we’ve decided to place these projects in the Web3 wallet’s Alpha section. Here, users can trade these projects, but not all projects in the observation phase will eventually be listed on Binance. The Alpha section and observation phase mostly include market hot topics, and the success rate of these projects may be higher than blindly following the crowd. Our goal is to find projects that can survive long-term.

However, this doesn’t mean we predict these projects will last. Many will ultimately be eliminated. As a trading platform, we hope every listed project succeeds, and users can profit. But the reality is that most tokens will not succeed in the long term.

Project teams need to understand that listing in the Alpha section, spot markets, or futures is part of the process, not the final result. Successful projects need to create real value for society and be willing to share the fruits of their labor. Not all meme coins are worthless. We understand that if users choose to invest in a meme coin rather than a VC token or a popular DeFi project, they might capture value early.

We understand that some meme coins grow from nothing, and we hope users can benefit from that. In the end, the Alpha section will feature some community-focused meme coins.

If you think all of this is nothing but illusion, but value can still be derived from it, that’s still meaningful. I believe there are thousands of projects in the market, but if most of them can’t build real value, they will eventually disappear. While some project founders might make profits in the short term, it doesn’t mean they will achieve long-term success. I believe long-term thinking is key.

Binance Wallet Team of 100, Aiming for Differentiation

WuBlockchain:

Winson, I’d like to ask you: As you know, competitors in the industry have very large teams, some with 500 to 1000 people working on wallets. How many people are currently on your team? Given this competitive pressure, what’s your strategy? Are you adopting a defensive or offensive strategy?

Winson:

The question mainly concerns our strategy in relation to competitors, including team size. First of all, our Binance Wallet team now has 100 people, and we are still expanding. So, I’d like to take this opportunity to recruit more engineers and technical staff.

As for the investment competitors have made in wallet business, I believe everyone has seen their significant achievements. We’ve studied them in-depth and learned from some of their successes. However, I want to emphasize that Binance Wallet’s strategy will not be a 100% copy of competitors. We aim to carve out a differentiated path as we learn from others.

From personal experience, many business competition cases show that blindly copying doesn’t lead to success. Users don’t need exactly the same products — there are already plenty of similar products on the market. The key to competition lies in innovation.

I believe that the wallet business has a high ceiling and a broad space for exploration, so there is room for many differentiated products. I’ve been working in this space for 4 years and am confident we can find our differentiated path. This path is clear and well-defined. As WuBlockchain mentioned earlier, we’re not using a defensive strategy or an offensive strategy, but an exploration strategy to discover new paths.

We have a very clear roadmap for the future. Although we’ve made progress in Q4 this year, we already have clear plans for what we need to do in Q3 and Q4 next year. We are confident in our direction.

Yi He:

I’ll add a point regarding our wallet strategy. I believe that whether it’s CEX or on-chain operations, the real core is to meet the needs of the majority of users. Users want simplicity, security, and reliability. Only by achieving this can we serve more users. Therefore, our Web3 wallet is designed to meet all user needs.

Our competitors have made significant investments and have high expertise, and we respect their products. However, for Binance, our Web3 wallet project is not about defense, but about gradually improving our product by meeting user needs. It’s similar to when we first launched contracts: though we were a bit late, we are fully prepared in terms of resources and confidence in Winson.

New Binance Wallet Positioned as “Beginner-Friendly”, Competing Independently with Trust Wallet

Chain Catcher:

Hello, I’m a reporter from Chain Catcher. I have a question for Winson. What is the long-term development vision and plan for Binance’s new Web3 wallet? How does it differ from Trust Wallet within the Binance ecosystem?

Winson:

For our Binance Wallet, our positioning is actually that of a beginner-friendly wallet. Of course, this statement may be misunderstood as if the product is only for beginners, but that’s not the case. In our fundamental approach, if a product can be used easily by beginners, it should be just as usable for advanced users, though they may experience some differences in terms of user experience.

Our goal is to serve the industry’s experienced users, while also focusing on onboarding newcomers. We want to make a substantial contribution to the mass adoption of Web3.

The reason I say this is because, from my personal experience in this field, many products treat mass adoption merely as a slogan, without taking concrete actions. However, we have specific plans and actions to address this. While I haven’t been at Binance for long, I can clearly see the exploratory contributions Binance has made to the industry and its expansion of boundaries. Even though I’m new here, I believe Binance Wallet will take this responsibility as a mission. Perhaps smaller startups or individuals in the industry might not have to think about these issues, but as an industry leader, Binance naturally has the obligation to contribute to the growth and boundary expansion of the sector.

As for your second question about our long-term plan, we will implement this goal in phases. In each phase, we will focus on addressing a specific user experience challenge that users face when using a wallet or Web3 product. Our ultimate goal is to eliminate all barriers and obstacles.

You also asked about the difference between us and Trust Wallet. Trust Wallet is also an excellent product within the Binance ecosystem, and it holds a significant market share. The distinction between these two products often comes up.

The difference is actually very simple. Since Binance Wallet is integrated within the Binance platform, it naturally offers deep integration with the main Binance app. That’s the first key distinction.

Second, Binance Wallet is KYC-compliant, which means it meets regulatory requirements. This sets it apart from Trust Wallet, which operates as a more independent business within the Binance ecosystem. These are the key differences. Both products aim to serve different user groups, which is another distinguishing factor.

Yi He:

From the perspective of the entire ecosystem, whether it’s Trust Wallet or our current wallet, we hope both products can serve more people and help more users navigate Web3 with ease.

At this stage, there is certainly some competition between the two, and that’s an objective fact. But I think right now, we are more in a race to innovate, and within Binance, this isn’t a zero-sum competition, but a competition driven by differentiation.

Binance Alpha’s Primary Selection Criteria Is Popularity, but Entry into Alpha Doesn’t Guarantee Listing

Xiaofeng Qin:

I have two questions about Binance Alpha. The general expectation now is that projects listed in Binance Alpha may eventually be listed on Binance’s main exchange. What are the specific selection criteria for Binance Alpha? For example, does Binance prefer certain types of projects?

A core question that many people are concerned about is whether Binance Alpha will favor projects from the Binance ecosystem, such as those on Binance Smart Chain (BNB Chain)?

Yi He:

First, regarding the selection for Alpha, any project that generates significant attention or has notable interest could be included in the Alpha section, even if it doesn’t meet the criteria for a full Binance listing yet. So, the probability of it being listed directly on Binance after entering Alpha may not be very high. We need to clarify that entering Alpha doesn’t necessarily mean it will be listed on the main exchange.

Second, Binance Smart Chain (BSC) remains one of the most prominent public chains in the industry, and it is one of the key ecosystems we continue to support.

Jason:

I have two questions about Alpha as well. First, when it comes to the cryptocurrencies listed in Binance Alpha, are they selected by Binance itself, or can project teams apply, or is there some form of community voting? That’s the first question.

Second, for projects that successfully graduate from Alpha and get listed on Binance, what criteria will be used for the evaluation? How do you avoid the issue of inflated trading volumes or fake data?

Yi He:

Two points here. First, regarding the selection process, it includes both an active and a passive approach. Projects can apply, and we also do research based on industry modules like public chains, infrastructure, DeFi, and Meme coins. We track on-chain data and check submissions from project teams every day.

So you can think of it as having a very large list of projects, and the selection depends on the project’s popularity, the strength of its foundation, and whether it has enough attention to be added to Alpha. The Alpha section itself is a large pool, so it’s a mix of active and passive selections, not an absolute process.

As for the second question, in the future, we might explore some more interesting mechanisms that are already happening in the industry. We are researching this, and we do plan to introduce more fun and engaging features to the Alpha section. If anyone has good ideas or creative suggestions, we welcome discussion — that’s actually one of the reasons we’re holding this AMA.

Additionally, I’ve had a lot of online discussions with industry friends recently, and many people have realized that Web3 entrepreneurship isn’t easy. Some projects, despite having strong teams, end up not getting Binance’s support and eventually shut down, with the founders pivoting to other sectors. So, I believe entrepreneurship is a combination of individual capability, luck, and teamwork. There’s no guaranteed advantage or disadvantage, especially in the early stages, and that’s crucial.

However, I’m genuinely happy to meet entrepreneurs like Winson, and I hope to see more people joining the Web3 startup space. Even if you don’t succeed, you can still join Binance. If you believe you’re capable but haven’t found the right opportunity, feel free to contact us directly on Telegram or Twitter.

Jason:

One last question: how do you avoid the issue of fake trading volumes and inflated data? If projects enter the pool, they may try to meet certain standards.

Yi He:

Right, the issue of inflated volumes. I think many projects in the industry currently have high attention, but, in reality, when we look at some airdrop campaigns or token distributions, we often see that they don’t lead to any actual value. A lot of projects in the industry use tactics like “vampire tools” and airdrops to attract attention, and it’s hard to completely avoid the issue of fake volumes.

Where do we draw the line on inflated volumes? Some projects may use devices to inflate the numbers, or hire people to manually boost volumes. How do we classify that? So yes, it’s difficult to avoid the problem of fake volumes in this industry. But when our research team makes value judgments, we must learn to distinguish between inflated numbers and genuinely valuable data.

This process is likely to be a continuous “cat-and-mouse” game. So, we’ve reflected on this and thought that if a project is uncertain about its true value, maybe it’s better to let it run in the Alpha section for a while to see which projects are truly valuable and which are just inflating their volumes. This is the fundamental reason why we established the Alpha section.

How Binance Wallet Aims to Become the “Largest Airdrop Platform” with “Massive and Diverse” Offerings

BitWu:

How does Binance Wallet select projects for airdrops? How do you identify good projects to airdrop to users? Additionally, can we expect that users who participate in early airdrop interactions will receive more substantial returns?

Yi He:

From my perspective, airdrops are just one method of capturing value for the wallet. We aim to create a platform that offers more possibilities for both project teams and participating users in various ways.

Airdrops are certainly a tool many projects — whether infrastructure or other types — use to acquire user data or attract more users to their projects. For project teams, airdrops are a user acquisition method, while for retail users, they may seem like the ultimate goal. We hope to use airdrops to connect Binance’s vast user base with project teams, and we encourage more projects to reach out to us and help them build authentic user data platforms, so we can avoid artificial volume inflation.

Second, aside from airdrops, we also want to focus on opportunities like the Alpha section, which help retail users capture on-chain rewards and early-stage value opportunities.

Third, on-chain rewards are often more lucrative than CEX rewards, but they come with higher risks. We are thinking about how to make it easier and safer for users who prefer on-chain activities to earn these rewards.

Finally, we have an open platform that allows our on-chain part to collaborate with many authentic, high-quality projects to expand the boundaries of Web3, not just for simple airdrops. Only by creating true value can we share value. We hope to work with more high-quality entrepreneurs and project teams to bring more users and use cases to Web3.

Winson:

Let me add a few points. First, our airdrop platform is actually part of our open platform. The name itself reflects our philosophy: co-building with the industry and the community. This co-building approach means we won’t take a highly selective or curated approach, because if we did, it would no longer be an open platform.

The core value of the airdrop platform is to connect Binance’s 200 million users with project teams. Projects can use our platform to target real, non-bot accounts and promote their products to the right users.

In this process, we don’t want to intervene artificially in how projects are evaluated. We won’t define which projects are high quality and which are low quality, as that would violate the open nature of the platform.

As the platform develops, we will achieve full openness, allowing any project to independently initiate airdrops and access additional services.

As for our selection criteria, simply put, the further we go, the less stringent the criteria will be. We see this platform as a “massive and diverse” one — this is our simple positioning.

BitWu:

Will users who participate in early airdrops get more rewards?

Winson:

I’ll answer this one. Since there is no strict selection process, the specifics will vary based on each project’s settings. Therefore, there won’t be a one-size-fits-all approach, and the situation will differ depending on the project.

Yi He:

Yes, it depends on how the project sets up the rules of the game.

BitHappy:

Will the multi-chain issue involve cross-chain or multi-account management? Will the wallet consider transitioning to chain abstraction or intention-based wallets in the future?

Winson:

That’s a very good question. First, let me address the idea of whether we will consider transitioning to chain abstraction or intention-based wallets. The answer is yes, but there may be some clarification needed in the description. We’re not saying we’ll fully transition to chain abstraction or intention-based wallets, but we will adopt relevant technologies to achieve the desired goals. Ultimately, our goal is to lower the user’s entry barrier, and we believe these technologies and approaches can help us achieve that.

As for the second question about the specific technologies we might use, I can’t give a direct answer just yet. However, we’ve already conducted substantial technical research in this area. We will develop a solution tailored to our users, rather than simply copying what others are doing.

Even though I come from a technical background, I’ve learned over years of entrepreneurship that technology should serve the product and the value it delivers. We shouldn’t focus on technology just because it exists; instead, we should deeply integrate technology with the user experience to bring the innovation that technology is supposed to deliver. Therefore, we’ll focus on the final outcome and work backward to determine which technologies to adopt, rather than blindly following market trends. This is our principle.

Binance Alpha Tokens Can Be Arranged by Users, Without Interfering with On-Chain Operations

Yuyue:

Will Binance Alpha consider adjusting its selection criteria or the displayed list of tokens based on user feedback and suggestions? For instance, if one of the tokens in the list receives widespread negative feedback from the community, will Binance take swift action?

Yi He:

I think there are two points here. First, when it comes to the arrangement of the tokens, we are likely to use Binance’s own arrangement logic, such as considering the price changes or the order in which tokens were listed. However, we may allow users to customize the arrangement according to their preferences.

Regarding your second point, I find it interesting. Since this is on-chain, we may not be able to provide full support or intervention for every project. Negative situations are unavoidable, and, in fact, centralized exchanges (CEXs) also experience similar situations.

On-chain operations differ from CEX in that we cannot control deposits or withdrawals, for example. Therefore, our approach would be more about notifications, alerting users to any risks associated with a project. We would provide warnings rather than intervening directly in the operations of the project. I think this is a more reasonable approach.

Third, we’re considering setting up a Telegram group for users to report issues in real-time. While the official Web3 wallet account may not always be available 24/7, a community group would allow our operations team to monitor and respond more effectively. If any project experiences a rug pull or faces a high-risk situation on-chain, we can issue notifications to users promptly.

Binance Wallet’s Goal to Become the “Largest Airdrop Platform” and Its Approach

KuiGas:

Regarding Binance Wallet’s core focus on becoming the largest airdrop platform, what is your thought process behind this goal? How does Binance Wallet position itself in the airdrop ecosystem? Is it aiming to guide newcomers in on-chain interactions, or is it intended to be a platform for distributing airdrops for projects that haven’t launched their tokens yet? If it’s about facilitating on-chain interactions, what steps will Binance Wallet take to lower the barriers for beginners? If it’s about serving as an airdrop distribution platform for projects, what are Binance’s advantages and strategies in this area?

Winson:

Okay, I’ll answer this question. To be more specific, Yi He has already described our platform’s positioning very clearly. One thing that needs to be corrected is that Binance Wallet is not only focused on becoming the “largest airdrop platform” as our core strategy. You can think of the airdrop platform as one of the methods of value capture, but it is not the only method. However, we still believe that the value of this user segment needs to be addressed. As mentioned earlier by BitWu, our goal is to build a bridge between Binance’s 200 million users and developers to promote mutual success.

As for your second question, about how we guide newcomers to lower the barriers, this is precisely the focus of our platform’s recent update. We are optimizing not only from the project release perspective but also from the entire lifecycle of user participation. We’ve refined the entire airdrop experience — from user participation to claim the airdrop, and even to the sale of airdropped tokens. We’ve carefully designed every step. While our product still has some shortcomings, we can confidently say that the airdrop experience in Binance Wallet is one of the best in the market. We welcome everyone to try it out.

Specifically, beyond the user interface guidance, we offer a step-by-step tutorial to help users understand what they need to do. Additionally, we’ve optimized the airdrop management feature, called the Reward Center, allowing users to easily track their earnings and manage them seamlessly.

Having personally participated in many airdrops, I know that many airdrop enthusiasts rely on Excel sheets to manage their claims. But what we offer is full lifecycle management — users almost don’t need to do anything themselves, and the rest can be handled by our platform. We’ve done a lot of work to reduce the barrier for new users to participate, although there is still room for improvement. We have a backlog of features to enhance, and we will continue improving the experience.

As for your last question about whether we are an airdrop distribution platform or a guide for on-chain interaction, these two aspects are not mutually exclusive. From the user’s perspective, it’s an airdrop platform, but from the project’s perspective, it is a precision marketing platform. Moving forward, we will continue to develop in this direction. We want project teams to ensure their airdrops are delivered precisely to their target users, and that’s where we’re focused.

Binance Wallet’s Growth: Connecting CEX to Web3 as an Entry Point

CryptoCiShanJia:

How does Binance Wallet define its growth, and what lessons has it learned throughout its development?

Yi He:

I think this question can be addressed from two points. First, how do we define our growth? I think it’s better to first define what Binance Wallet is. Actually, before defining Binance Wallet, we should define what Binance is. In my opinion, Binance positions itself as an industry leader, playing a role of responsibility in the ecosystem. This is why when Binance lists a coin, people expect its value to increase. If Binance lists a token that doesn’t meet expectations or is from a solid team but lacks attention, people start questioning the quality of those coins.

We understand this situation, but our goal is for Binance to be the gateway to Web3. When you position yourself as a Web3 entry point, it means users can easily complete the entire process from registration, KYC, to fiat deposits and withdrawals. After becoming a Binance user, you can browse content on our Binance Square and Academy, learn about popular crypto topics, and get familiar with Bitcoin, Memecoins, etc. If you want to interact on-chain, you can do so smoothly via Binance’s Web3 wallet.

If you find on-chain operations too complex or risky, you can choose to use CEX for stablecoin management and other services. No matter which option you choose, Binance provides a seamless experience. Therefore, Binance Wallet’s growth is not just about technical progress, but about becoming a bridge to Web3, serving more users.

Regarding lessons learned, we may have been insufficient in terms of professional talent, which is why I mentioned before that anyone with experience in the crypto industry is welcome to apply for positions at Binance. Over the past few years, we may have relied too much on the Web2 model, and the company operated in a very structured way, but we lacked Web3 thinking.

We also faced some technical shortcomings in Web3 solutions and have taken several detours. For example, we made mistakes in the Compass and regulatory licensing processes. However, through these experiences, we have significantly ramped up our investment in compliance and Web3 technologies.

I believe that in any endeavor, a win-win mindset is essential. Only by helping others can we earn greater rewards. We hope to collaborate with more excellent entrepreneurs to co-build the Web3 wallet, making even greater strides in both on-chain and CEX spaces. Our goal is not only to be a leader in CEX but to expand our influence on-chain and enable more people to share in the benefits of Web3, going beyond just the transformation of labor relations.

Risk Warning: Only a Few Projects in Binance Alpha Will Succeed

BroLeon:

Many people are questioning whether launching the Alpha platform is like pre-selecting tokens for Binance’s main exchange. Are we going to see Binance select projects that will then skyrocket? You mentioned there could be up to hundreds of tokens, but only a limited number will eventually be selected for Binance’s main exchange. Shouldn’t there be a risk warning for users here?

Yi He:

I think it’s important to clarify that all of these operations are still based on the blockchain. The so-called on-chain operations are essentially no different from trading on a DEX. We’ve actually faced two main issues that I’ve wanted to solve but haven’t fully resolved. The first is the concern about Binance possibly having internal trading or “whale” manipulation. I’ve even offered a bounty and done extensive work tracking on-chain data. While we’ve uncovered some clues, we haven’t fully solved this issue. Personally, I hope that transparency can ultimately resolve this problem.

So, while we might observe hundreds of projects in the Alpha pool, only a very small number will eventually be listed on Binance. The essence of the Binance Alpha platform is still based on on-chain investment returns. Ideally, we want Alpha to offer better returns than other platforms. However, as you mentioned, not every token in Alpha will be profitable. It’s still a very limited observation pool, and only a small number of projects will eventually be listed. Furthermore, many of the projects in the Alpha pool might not have completed their Token Generation Event (TGE) yet, meaning if their tokens aren’t launched, we can’t list them on the Alpha platform.

So, users need to understand that the Alpha platform is just an observation pool. Not every project will turn out to be successful.

BroLeon:

Will Binance Alpha focus on supporting projects from the BNB Chain ecosystem in the future?

Yi He:

Yes, I’ve mentioned before that Binance Alpha will observe all projects in the pool. As for BNB Chain, it is certainly one of the ecosystems we are focusing on, as it is a highly active public chain with a large user base. However, we won’t limit ourselves to just BNB Chain. We welcome all high-quality public chain projects, whether from BNB Chain or other ecosystems, to be evaluated in the observation pool.

Our focus is on supporting all excellent public chain projects, not just BNB Chain.

BroLeon:

Is the selection process for the Alpha pool handled by Binance’s Listing team or the Web3 Wallet team?

Yi He:

Both teams are involved. You can think of Binance’s listing process as an application process, and we have industry standards for screening projects. So, both the Web3 Wallet team and the Binance Listing team are involved in the selection. We are also considering how to optimize this process and may introduce more innovative methods in the future, such as Dutch auctions, to give project teams more flexibility.

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