Binance Wallet Excludes Manipulative Token from Alpha Points Calculation

Binance removes Alpha points eligibility from tokens involved in price manipulation or malicious activities, emphasizing ongoing monitoring and potential further actions.

Summary

Binance's Chinese division has announced that tokens suspected of price manipulation or malicious score brushing will have their Alpha points eligibility revoked without prior notice. The exchange reserves the right to take additional action if necessary to ensure fairness.

Terms & Concepts
  • Alpha Points: A Binance Wallet metric used to assess token performance or activity, which can influence rankings or rewards.
  • Token Price Manipulation: The act of artificially inflating or deflating a token’s market price to achieve certain benefits, such as ranking points or rewards.
  • Trading Volume Points: Points assigned based on a token’s traded volume, often used in ranking or incentive systems within crypto platforms.