From Binance Alpha to Gate.io MemeBox, who can catch the next 100x?

Original source: Cointelegraph Chinese

As the crypto market continues to fluctuate between bull and bear markets, on-chain data and on-chain opportunities are quickly becoming the core focus of crypto investors. Unlike the mature but slow currency listing mechanism of centralized exchanges (CEX), the "openness" and "nativeness" on the chain allow funds, emotions and trends to gather at the first time. The earliest narratives often occur on the chain, and the initial outbreak often originates from the chain. Therefore, whoever can capture these on-chain signals as soon as possible will be able to take the dominance of the new round of growth.

The leading trading platforms are also quietly turning to this new battlefield: Gate.io uses MemeBox 2.0 to commodify on-chain asset trends and capture the first-mover opportunities in the meme boom; Binance builds an on-chain intelligence system through Alpha to help users identify early capital flows and potential hot spots; while Bitget is deploying Onchain, opening up on-chain interactions and trading scenarios, and promoting the deep binding of on-chain behavior and return mechanisms - they are building new product logic around on-chain data, and also providing investors with an "internal perspective" to cross the sideways cycle.

Early participation opportunities in on-chain projects bring higher

potential for reward

A typical example is Dogecoin. Although Dogecoin was not initially launched by a traditional IC0 or fund-backed project, it rose from a “joking” coin through the on-chain community drive and the effects of social media. Dogecoin's market value once approached $90 billion in 2021.

At the same time, Shiba Inu is also a similar example. Although its start is not favored by the mainstream market, through on-chain community consensus and decentralized liquidity, the market value of Shiba Inu once reached about US$39 billion at its peak in 2021.

The importance of on-chain opportunities

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Dimension

|

importance

Information acquisition

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Very early, very fast

Investment Opportunities

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Accurately capture new projects, airdrops, and hot spots

Risk Management

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Real-time monitoring of black swans and big players

Asset layout

|

Participate in the "Future Hot Products" agreement or ecosystem in advance

Why do exchanges value on-chain opportunities?

Improve user experience and lower transaction thresholds

Traditional on-chain transactions usually require users to manage private keys, switch wallets, or pay high Gas fees, which poses a barrier to average users. By integrating on-chain transactions into the exchange platform, users can directly use existing accounts to trade, simplify operational processes and lower the threshold for participation.

Expand market share to attract new users

With the rise of on-chain applications such as DeFi, users' demand for on-chain assets continues to increase. By providing on-chain trading services, the exchange can attract more Web3 users and expand its market share.

Promote the development of the Web3 ecosystem to enhance the

competitiveness of the platform

On-chain transactions are an important part of the Web3 ecosystem. By supporting on-chain trading, exchanges can promote the development of ecosystems such as deDeFi and decentralized exchanges (DEX), and enhance the influence and competitiveness of the platform in the industry.

Comparison of on-chain products on major exchanges

Gate.io Memebox 2.0

• Fast: AI filters and lists popular Memes in real time

With the support of AI technology, multi-dimensional detection of block networks and on-chain dynamics, analyzing data, discovering market hot spots the fastest and efficient way, and automatically putting them on the shelves, achieving the rapid launch of early popular Memes, helping users to discover more high-quality trading opportunities.

• Easy: No threshold trading, the advantages of CEX and DEX are integrated

Using MemeBox 2.0, you can use USDT in your Gate.io account to directly use USDT to trade popular Memes on the chain, saying goodbye to cross-chain, wallet switching and other cumbersome operations, and easily achieve "on-chain transactions are as simple as buying spot", making transactions easier and more efficient.

• Good: Multi-dimensional and strict review, lock in high-potential and high-quality assets

Relying on multi-dimensional verification such as contract security detection, in-depth analysis of coin holding data, intelligent identification of mouse warehouses, etc., we accurately intercept Pixiu disk and problematic tokens, which not only ensures that popular assets are quickly put on the shelves, but also ensures that every online project has real transaction data, providing users with high-quality trading opportunities.

• Security: worry-free on-chain transactions, and enjoy popular Memes

In-depth integration of Gate.io professional security mechanism, users do not need to worry about risks such as theft of wallet private keys, misinteraction and contracts. Under the high-level security protection system, it is easy to start the Web3 trading journey. Every chain operation is protected by an exchange-level security barrier, making transactions more secure and reliable.

Binance Alpha 2.0

• Integrated to Binance Centralized Trading Platform: Users can explore and purchase on-chain tokens directly within Binance Trading Platform;

• No Web3 wallet is required: users do not need to create an on-chain wallet or withdraw assets to external wallets;

• You can use the trading platform funds directly: users can use spot, fund accounts or other account funds supported by Binance payment;

• Simplified DEX trading experience: On-chain transactions can be easily completed without complex operations.

Bitget Onchain

• Decision-making support powered by artificial intelligence

Real-time filtering supported by artificial intelligence helps users discover high-quality opportunities early and avoid blind operations.

• Smart token discovery and filtering

The system scans the blockchain every minute to track new deployments, active transactions or high market attention. And mark and rank the tokens based on indicators such as price changes, complete dilution valuation (FDV), trading volume and holder activity.

• Safety and convenience are both important

All transactions are completed under the exchange-level security system. Users can securely trade popular assets on the chain under the protection of high-level assets without independently managing private keys.