Cryptocurrency exchange Binance has taken firm action to prevent the misuse of its Alpha Points program, which rewards early participants in Web3 projects.
The platform recently detected coordinated efforts by certain groups using automated tools to manipulate the system and unfairly earn points, undermining the fairness of early token distribution. Binance regulations clearly prohibit any trading activity using scripts or automation.
In response, the company has upgraded its monitoring systems to better detect suspicious activity. Accounts found using bots will lose their eligibility to earn Alpha Points.
The Alpha Points program allows users to accumulate points by participating in emerging Web3 projects. Upon reaching certain milestones, these points can be redeemed for participation in token launches or airdrops—such as the recent case involving World Liberty Financial. However, some users have been exploiting bots to farm points without meaningful engagement with projects.
Binance has reiterated that all forms of automation, including bots and scripts, are strictly forbidden. The company has also updated its risk management protocols to reduce the potential for abuse.
Accounts caught violating these rules may face Alpha Point revocation and further penalties if necessary. Binance says these measures are crucial to protecting the platform’s transparency and ensuring a fair experience for all users.
Beyond enforcement, Binance continues to improve the Alpha Points program. Recently, the platform introduced a more rigorous review process for listing tokens, aiming to ensure that only quality and promising projects are featured.
Despite some past criticisms, Alpha Points has become a key part of Binance’s strategy to support the Web3 ecosystem. The exchange remains committed to refining the program, maintaining both security and fairness as it nurtures the growth of innovative crypto projects worldwide.
