Binance Alpha will list OpenLedger (OPEN) on September 8th, accompanied by an airdrop for eligible users utilizing Binance Alpha points.

Binance Alpha to List OpenLedger (OPEN)

Binance Alpha will list OpenLedger (OPEN) on September 8th, offering an airdrop for eligible users who utilize Binance Alpha points. The listing is expected to increase trading volume and user activity.

Listing and Airdrop Details

Eligible users can claim the OPEN airdrop using Binance Alpha Points on the Alpha activity page after trading commences. User registration for airdrops opened at 21:00 (UTC+8) on September 4th. Further details regarding the redemption process, eligibility criteria, and airdrop points will be provided in subsequent updates.

Binance Alpha Points System

Binance Alpha Points are a user activity scoring system within the Binance Alpha platform. Points are calculated based on asset holdings and trading volume of Alpha tokens. These points determine eligibility for exclusive Binance Alpha campaigns, such as early access to Token Generation Events (TGEs), Alpha token airdrops, and Binance wallet booster campaigns.

Binance Alpha Points are a unique user activity scoring system within the Binance Alpha platform and the Binance wallet ecosystem.

Alpha Points are derived from daily balance points and volume points. Balance points consider the total value of eligible assets held across Binance exchange spot accounts, Binance wallets, and PancakeSwap liquidity provider tokens. Volume points are calculated based on the purchase volume of Alpha tokens via Binance exchange or Binance wallet, with one point earned for every $2 spent.

Market Implications and Strategic Context

This listing is viewed as a strategic move to expand the Binance Alpha ecosystem, aiming to boost user engagement and trading volume for OPEN. It intends to attract new users to participate in ecosystem incentive programs. The listing exposes OPEN to a broader audience within the Binance ecosystem, potentially leading to increased liquidity and price appreciation. As Binance is the first platform to feature and open trading for Quack AI (Q) on Binance Alpha and Binance Futures it may be a common strategy.

Airdrop Mechanics

OpenLedger Foundation announced that pre-registration for the OPEN token airdrop is now live and is only open to participants in the OpenLedger testnet program, aiming to ensure that true contributors can participate in the next stage of network development.