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Binance Wallet users can join the exclusive PRAI Token Generation Event (TGE) if they hold at least 198 Alpha Points, with specific UID rules in place.
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The PRAI token of Privasea AI surged over 1,458% shortly after its launch, emphasizing its innovative approach to privacy and AI integration.
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Many users have expressed frustration over Binance Alpha’s competition for Alpha Points amid new eligibility criteria that seem overly restrictive.
Discover how Binance’s exclusive TGE for Privasea AI’s PRAI token has sparked significant user interest and controversy in the crypto community.
Binance Wallet Invites Users To PRAI TGE
Privasea AI officially launched its PRAI token today, marking its debut on the PancakeSwap decentralized exchange (DEX). However, participation in this token generation event is limited to selected users based on their Alpha Points!
“Join the 16th Exclusive TGE on Binance Wallet with Privasea AI (PRAI) via PancakeSwap! Subscription: May 14 from 10 AM to 12 PM UTC,” Binance Wallet announced on X.
Privasea AI (PRAI) price performance. Source: GeckoTerminal
Following its TGE, the price of Privasea AI experienced an extraordinary surge of over 1,458%. As this article was written, PRAI was trading at $0.005939 on PancakeSwap V2.
This TGE has stirred considerable debate among airdrop hunters and Binance Alpha loyalists alike. According to Binance Wallet’s recent announcement, a minimum of 198 Alpha Points is required to participate in the PRAI TGE. Users with 162 to 197 points can still join, but only if their Binance UID concludes with a zero, complicating accessibility.
“End of the road for me. Good luck, guys,” one frustrated user commented.
Participants incur a cost, as 15 Alpha Points are deducted upon confirmation through the Alpha Events portal. Binance has also allocated 40 million PRAI tokens for future promotional initiatives.
Privasea AI’s technology is garnering attention beyond its launch on Binance. The project utilizes Fully Homomorphic Encryption (FHE) to perform AI computations on encrypted data, ensuring user privacy without sacrificing processing speed.
The PRAI token serves as the governance mechanism across multiple chains, including BNB Chain, Arbitrum (ARB), and Solana (SOL), positioning it as a robust player within the expanding multichain AI landscape.
This listing aligns with Binance Alpha’s strategy of showcasing early-stage, promising projects. Recent inclusions in their portfolio have featured Bluefin, a decentralized order book exchange, and Sudeng (HIPPO), both of which are Sui blockchain-based meme coins.
“Binance Alpha announced the listing of Bluefin (BLUE) and Sudeng (HIPPO). Bluefin is a decentralized order book exchange on the Sui blockchain. HIPPO is an animal memecoin deployed on the Sui blockchain,” Wu Blockchain reported.
These recent additions underscore Binance Alpha’s growing influence within the DeFi and meme coin sectors.
Airdrop Hunters Fuel Binance Alpha Rush
The competition to accumulate Alpha Points has significantly escalated recently. Binance Alpha is known for its potential to offer early access to lucrative token launches, a driving factor behind this heightened activity.
As reported by COINOTAG, trading volume on Binance Wallet has surged due to users actively pursuing Alpha Points for potential airdrops and TGEs.
Crypto investors have confirmed their eligibility for PRAI on X; one user attained 199 Alpha Points within just 15 days, while another reported 225 points. This trend reflects the eagerness and aggressive strategies employed by airdrop hunters in the current climate. There are, however, individuals expressing concerns about not receiving their expected Alpha Points.
“Can someone explain why I don’t get credited for my alpha points? There needs to be a live chat for queries,” another user expressed frustration.
Nonetheless, the UID-based restriction for this TGE has drawn ire from many users, with community members dubbing it a “lottery-style gate,” limiting fair access for all participants.
“…This game is meant for those with larger wallets, Whales,” another user remarked.
Despite Binance’s rationale that this modification injects a layer of exclusivity and unpredictability, many perceive it as an obstacle for smaller traders attempting to gain entry into the market.
Nonetheless, the Binance exchange is reinforcing Alpha Points as a crucial metric for assessing community rewards and launching new tokens. The PRAI event could pave the way for future TGE structures, likely intensifying competition for accumulating Alpha Points.
The allocation of 40 million PRAI tokens for marketing initiatives suggests further airdrop incentives may be on the horizon.
Conclusion
In summary, the launch of Privasea AI’s PRAI token has ignited interest within the Binance community, accentuating both the opportunities and controversies surrounding Alpha Points eligibility. As participants navigate these restrictions, the TGE serves as a stark reminder of the evolving complexities in the crypto space. Stakeholders are advised to stay alert for further developments within this dynamic sector.
