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Cryptocurrency exchange Binance’s Binance Alpha project has announced that it will be the first platform to list Haedal Protocol (HAEDAL), a liquid staking protocol built on the Sui blockchain.
Haedal claims to offer a new opportunity to participate in the Sui ecosystem by allowing users to easily stake Sui tokens. Trading for HAEDAL is scheduled to open on April 29.
In conjunction with the launch, Binance announced that users who meet the required Alpha Point threshold will be eligible to receive an airdrop. According to Binance, eligible users will receive HAEDAL tokens via airdrop within 10 minutes after trading officially begins. The specific threshold for Alpha Points will be announced on April 29.
To check the Alpha Points they have, users can go to the following section in the Binance app:
Users can learn their Alpha Points from the Alpha Points section.
Alpha Scores are part of Binance’s internal scoring system to measure user engagement in the Binance Alpha and Binance Wallet ecosystems. Scores are calculated daily and are based on two main factors:
- Balance Points: Derived from total assets held in Binance Exchange (tokens available in all accounts and spot in Binance Alpha account) and Binance Wallet (limited to Alpha tokens and tokens available in Binance Spot market).
- Volume Points: Based on Alpha token purchase volume via Binance Exchange and Binance Keyless Wallet. Selling Alpha tokens will not negatively impact the score.
A user’s total Alpha Score is the sum of the daily Balance and Volume points accumulated over the last 15 days.
*This is not investment advice.
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