Edgen Crypto·Oct 25 2025, 07:00Binance Alpha is set to list SnapX (XNAP), Common (COMMON), and 42-coin (42) for airdrops on October 27th. Eligible users will claim these new tokens using Binance Alpha Points on the platform's event page.
Binance Alpha will launch airdrops for SnapX (XNAP), Common (COMMON), and 42-coin (42) on October 27, signaling an expansion of its listed digital assets and leveraging its Alpha Points system for user engagement.
On October 27th, Binance Alpha is set to facilitate airdrops for three distinct digital assets: SnapX (XNAP), Common (COMMON), and 42-coin (42). This initiative allows eligible users to claim these tokens by utilizing their Binance Alpha Points on the dedicated Alpha event page. In a concurrent development, COMMON will also commence spot trading on Binance Alpha and will be featured on Binance Futures with a COMMONUSDT Perpetual Contract, offering up to 50x leverage, beginning 2025-10-27 at 12:30 (UTC). The claim window for COMMON airdrops will be active between 2025-10-27 12:00 (UTC) and 2025-10-28 12:00 (UTC).
The newly listed tokens represent diverse functionalities within the blockchain ecosystem. XNAP, the native token of Synapse Power, is designed to power transactions, incentivize community participation, and drive the adoption of decentralized AI infrastructure. Its utility includes enabling fast, low-cost transactions across Synapse's global network, incentivizing developers, providing access to AI-powered data center services, offering governance and staking opportunities, and unlocking exclusive features on its decentralized AI platform.
COMMON functions as a unified coordination layer, facilitating communities, contributors, and AI agents in token launches, DAO management, and collaborative efforts. Its listing on both spot and futures markets suggests an expectation of significant trading interest and utility within its ecosystem.
42-coin (42), launched in 2014, distinguishes itself with a highly limited supply of only 42 coins, making it one of the rarest cryptocurrencies. Operating on a Scrypt hashing algorithm, its primary use cases include arbitrage opportunities and staking for rewards. This scarcity-driven model contrasts with the utility-focused designs of XNAP and COMMON.
Binance Alpha's strategy of launching airdrops via its Alpha Points system serves as a mechanism to incentivize trading activity and foster user engagement on its platform. Alpha Points are earned through trading on Binance Alpha and act as an access pass to exclusive events, including airdrops and Token Generation Events (TGEs). While some events require spending points, others necessitate holding a minimum threshold. The system also incorporates dynamic claim windows and point expiration policies, such as 15 days of inactivity and 24-hour claim windows for airdrops, to maintain active participation. This approach aligns with broader industry trends of leveraging loyalty programs to cultivate a vibrant user base for new project launches.
The introduction of new tokens via airdrops on Binance Alpha contributes to the platform's growth and the broader Web3 ecosystem. Binance Alpha has recently demonstrated significant market activity, with its market capitalization surging 7.69% to $21.14 billion in a 24-hour period, outpacing the broader crypto market's 1.78% gain. Concurrently, its trading volume increased by 1.53% to $13.43 billion, despite prevailing macro headwinds. The platform has seen the launch of eight new projects in the preceding week, with some posting triple-digit weekly returns. The active management of Alpha Points, including hourly adjustments to claim thresholds for unclaimed airdrops, underscores a dynamic approach to fostering participation and liquidity for newly listed assets. These listings are indicative of Binance Alpha's continuous efforts to expand its digital asset offerings and reinforce its position as a key launchpad for emerging blockchain projects.
