- Binance modifies Alpha Points rules impacting token trades and rankings.
- Trading competition volumes no longer count towards Alpha Points.
- Affects participation in airdrops and trading events.
Binance has announced a revision to its Alpha Points system, excluding certain trading volumes from its calculations starting June 17, 2025. Such changes apply globally.
The change could affect user participation in Binance’s events and competitions, altering how users earn rewards within its platform.
Binance Excludes Trading Volumes from Alpha Points
Binance, a leading cryptocurrency exchange, stated that starting June 17, it will exclude trading volumes of Alpha token pairs from calculating Alpha Points. This adjustment impacts how users earn participation rewards on the platform. The decision aims to refine the ranking and life cycle of Alpha Points. According to a Binance Official Announcement, “Starting from 08:00 (Eastern Time) on June 17, 2025, the trading volume of trading pairs between Binance Alpha tokens, and their LP balance, will no longer be counted in Binance Alpha points. Their trading volume will not be included in the trading competition and will not be used as a basis for ranking.”
Immediate implications include the exclusion of trading competition volumes from Alpha Points calculations, impacting airdrop eligibility. By removing these volumes, Binance seeks to level the playing field and prevent exploitation of the existing reward system.
The crypto community has shown mixed reactions, with some users seeking clarification from Binance support. No official commentary has been issued by Binance’s senior leaders, such as CEO Changpeng Zhao, about these changes.
Community Reactions and Potential Market Impact
Did you know? The introduction of Binance Alpha Points system bears similarities to previous platform adjustments aimed at curbing unfair trading practices, like wash trading deterrence efforts from the past.
Ultiverse currently holds a market cap of approximately $9.66 million with a trading volume surge of over 284% in the last 24 hours, as per CoinMarketCap data. Despite a negative 60-day and 90-day price trend, it showed a positive growth of 4.02% in recent daily trading.
Market analysts at Coincu suggest the revision could minimize trading volume manipulation within Binance’s ecosystem. They emphasize the role of such adjustments in enabling fairer trading competitions, possibly leading to more robust regulatory compliance.
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Source: https://coincu.com/343595-binance-alpha-points-revision/