• Binance Alpha is going to launch the first batch of crypto projects – KOMA, Cheems, APX, ai16z, and AIXBT.
• Binance included three BNB Chain projects, one Solana project, and one Base project in its first batch of tokens.

Around 24 hours after Binance announced the launch of Binance Alpha, it revealed its first batch of tokens to get listed on the platform. Binance Alpha is a new platform within Binance Wallet, exclusively meant to list emerging crypto projects with huge growth potential. As the platform mentioned earlier, Binance Alpha is going to act as a pre-listing token selection pool.

Based on the recent announcement made on X, Binance Wallet announced the first 5 crypto projects. KOMA, Cheems, APX, ai16z, and AIXBT made it to the first batch of crypto projects to list on Binance Alpha. These crypto projects are selected based on their fundamentals and potential to grow in the near future.

While KOMA is a cutting-edge platform for decentralized applications, APX focuses on advanced DeFi solutions. Cheems is a meme token project, ai16z focuses on AI and blockchain applications, and finally, AIXBT specializes in crypto trading technology. On the whole, the first batch of Binance Alpha projects covered different angles of the crypto industry.

Binance Alpha is going to list the next batch of 5 emerging crypto projects at 20:00 ET, later today. This time, three crypto projects will be from Ethereum, one from BNB Chain, and one from Solana.

Fake Binance Alpha Announcement In Telegram

Around 4 hours before the official announcement from Binance, a fake announcement was circulated in Telegram. This Telegram channel named “Binance Web3 Wallet Community” posted a fake announcement regarding the first batch of crypto token listing. MONKEY, HAPPY, RIF, ZRC, and ELIZA were mentioned in this fake announcement.

It is still unclear whether Binance operations staff deliberately sent the link to the wrong TG channel or it was done by mistake. Nonetheless, some of the early investors who subscribed to the channel made investments in the tokens disappointed after the channel was proven to be fake. It is best investors must confirm the announcements either on Binance website or X account before investing in the projects.

On another note, ASIC sued Binance Australia Derivatives, complaining that the platform didn’t prioritize consumer protection. The ASIC is seeking penalties and declarations for not complying with the Australians financial services laws. We must await to know the repercussions of both, the fake Telegram announcement and the ASIC lawsuit on Binance reputation and usage amidst the bull market.

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