Why I Choose Binance Alpha - The Gateway for Cryptocurrency into Reality

2025-08-08 11:15:19

Collection

I miss the days when a product would launch and the tokens would launch simultaneously.

Original Title: "Why I Choose Binance Alpha------A Channel for Cryptocurrency to Enter Reality"

Original Author: Chari.eth, Founder of TaleX

Editor's Note: Chari.eth** is a veteran Web2 entrepreneur who founded TaleX Protocol in 2022, a decentralized retail platform driven by token incentives for content and physical goods. The following is the original content:**

"If you are not aiming to go on Binance Spot, why would you go on Binance Alpha?"

"If you haven't gone on Bybit or Bitget, why would you go on Binance Alpha?"

The market makers directly rejected me with these two questions.

They believe Binance Alpha is just a name, and the essence of DEX makes it not very convenient for selling. Moreover, Binance requires a considerable amount of airdrops for users.

You either need to cooperate with other major CEXs for selling, or you need to take a gamble on Binance Spot; that name recognition and the airdrop for users are what hold value.

Because I never thought about selling at the time of TGE.

I just need a place to distinguish our tokens from thousands of similarly named tokens and allow users to trade conveniently through CEX.

Think about it, if you invented Bitcoin back in the day, wouldn't that be exactly what you needed?

From this perspective, Binance Alpha perfectly meets my requirements.

The business model in the crypto space requires immediate use of tokens.

So, how to allow users to conveniently trade these tokens becomes very meaningful.

For example, Bitcoin, whether for mining users, transfer users, or investment users. After the genesis block was mined, these demands naturally emerged. Exchanges were born out of this demand.

Conversely, if a business can be established without the participation of tokens, I don't understand why it needs to issue tokens. Is it to make money from selling?

The traditional approach of raising funds/making data/and finally listing to exit is merely a simple replication of the equity era, where speculators are engaging in regulatory arbitrage.

I have neither the ability nor the interest to interfere with how others do it. But I have no interest in following.

During the time I was pondering about listing tokens, an investor asked me, if you can't sell to make money, why list tokens?

I said for the business. The business requires the participation of tokens, and listing can activate the cycle of "business growth---token appreciation---attracting more business growth."

He asked, which companies have seen rapid business growth after listing tokens? For example, does listing help XXXX?

I said that's because their business and tokens are disconnected. The business doesn't need tokens, nor does it need exchanges. Business is business, and speculation is speculation.

We don't need to look at those failed cases. We can look at BTC, ETH, BNB…

Our Tokenomics can be summarized in one sentence:

Consumption Mining: Earn tokens by spending.

Attracting user consumption is the only reason for a business to survive. Rewarding user consumption is the best annotation for "user first." This is a unique technology of the crypto era and the spiritual source of my entrepreneurial journey in crypto.

We will make our income transparent on-chain. The company's reserve cash and all business gross profits will be put into the liquidity pool in the form of LP.

The liquidity pool is the treasury, and the treasury is the liquidity pool.

Then, based on the order of user consumption, the amount spent, we will reward users with tokens in real-time.

Users can use tokens to consume in our products at any time (with special discounts), and the actual expenditure will be covered by the treasury (liquidity pool).

All costs of the project team will be paid through redeeming LP tokens in the liquidity pool.

We will regularly issue announcements to remind about injecting or withdrawing LP tokens. All operations will also be fully transparent on-chain.

If you agree, you can continue to hold. If you are dissatisfied, token holders can choose to sell at any time.

This plan is what we currently consider the best Tokenomics.

But due to cognitive limitations.

We couldn't do this when we started our entrepreneurial journey three years ago------issue tokens at the first opportunity and add all fundraising amounts to the liquidity pool. Let everyone see our financial status clearly and transparently, and choose to exit at any time.

Now, the treasury amount is not only less than our fundraising amount (because the income over the past three years has been less than our expenditure), but also the investors' shares have to be forcibly locked.

Compared to today's new investors in DEX, our VC investors have suffered significant losses.

We feel very ashamed and sorry.

But everyone still has hope. There is also a possibility of being forced to win.

We will launch new products in the near future to meet the real needs of users, gain user recognition, and generate income.

And we will continue to do so.