Binance, a leading cryptocurrency exchange, has announced on social media platform X that Binance Alpha will be listing EthSign (SIGN), and the trading is said to be opening on April 28, 2025. The exact time of the trading launch is yet to be announced.
Binance Announces New Scoring System
According to the announcement, with this listing, a new scoring system has been designed to evaluate user activity within the Binance Alpha platform and Binance Wallet ecosystem. Users who meet a specified Alpha Points threshold will be rewarded with an airdrop of SIGN tokens within just 10 minutes after the trading begins.
The points will be calculated daily and it will be on the basis of the following two factors:
- Users’ total asset balance across the Exchange and the Wallet.
- The amount of Alpha tokens that have been purchased.
If the user has more balance and purchase, the user will be earning more points. It has also been highlighted that only main accounts will earn points, the points from sub-account balances will be merged into the main account score.
With this system, the exchange is encouraging the users to participate more on the platform by rewarding them. The platform has already seen an increase of 15% on its trading volume after the Alpha Points system was announced.
Why is this Listing Significant?
This announcement and listing is important because this is the first time that EthSign is being debuted on any of the exchanges. EthSign is a decentralized digital agreement infrastructure that uses blockchain technology and smart contracts to facilitate secure, on-chain signing, verification and storage of legal agreements.
With this listing on Binance Alpha, the project is expected to gain exposure to a great number of audiences and this listing will also strengthen the project’s reputation as a blockchain project to lookout for.
For this project, the exchange is also using airdrops to reward active users that will encourage engagement. This approach has worked well before, for example, the exchange recently launched their Balance (EPT) launch along with an airdrop program, which helped the project build a strong community.
With these programs the exchange has rolled out this model of listing new tokens along with airdrops based on user activity which has led to a win-win situation. With this initiative, the projects gain early traction and users benefit from early access and rewards.
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