Is Binance Alpha Scam?

Assalamu Alaikum friends,
Binance is becoming more popular day by day. And taking advantage of this popularity, Binance is constantly bringing new projects for its users. Binance Alpha is one of these new projects. Everything has both good and bad sides. So, today through my blog, we will try to find out whether Binance Alpha is good or is it scamming users. So let's get started:

Binance Alpha is a new popular platform on Binance. It exposes new and promising early-stage crypto projects to users so that they can trade these tokens and have the possibility of being listed on the Binance exchange in the future. It is essentially a Web3 and DEX trading feature, which works through the Binance Wallet. Where users can directly buy and sell new tokens and earn Alpha Points to get special benefits, such as airdrops or participation in new token offers.

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Since it is controlled by Web3 and DEX trading features and works through Binance Wallet, anyone can launch new tokens here. Since anyone can launch tokens here, there is a possibility of scams here. Most of the tokens on Binance Alpha are involved in rag pools. Here, the price of a token is first pumped up faster than normal and then suddenly dumped, forcing the token out of the market.

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Very few tokens from Binance Alpha have been successfully launched in the market so far. Another method of scamming Binance Alpha tokens is to launch those tokens on Binance Futures instead of spot listing. By doing this, in addition to market-out traders from Web3 and DEX during the rag pool, those who also trade these tokens in futures are also market-out.

Therefore, it can be said that most of the tokens in Binance Alpha are involved in scams. All members of the Tron Fan Club are requested to stay away from these scam projects.