Binance has announced a significant update to its Alpha Points program and trading competitions, specifically targeting Alpha Token trading pairs.
The exchange will now exclude trades involving Alpha Token-to-Alpha Token pairs from earning Alpha Points. Furthermore, these trades will no longer be eligible for participation in Binance trading competitions.
This exclusion also extends to liquidity providers. Balances held in liquidity pools specifically for Alpha tokens will be omitted from Alpha Point calculations.
Binance stated the policy change aims to encourage a wider range of trading behaviors among users. The goal is to reduce concentrated activity solely within Alpha-to-Alpha trading pairs.
Market analysts suggest this move could foster healthier trading patterns on the platform. They anticipate a potential redistribution of trading volumes towards pairs involving more traditional base currencies.
Experts view the update as part of Binance’s ongoing effort to refine its incentive structures. The focus is on promoting more equitable distribution of rewards across diverse trading activities.