Binance Wallet Users Gear Up to Welcome Privasea AI (PRAI) Token Generation Event (TGE)

Binance Wallet users are gearing up for the 16th exclusive Token Generation Event (TGE), this time featuring Privasea AI (PRAI)

Binance Wallet users are gearing up for the 16th exclusive Token Generation Event (TGE), this time featuring Privasea AI (PRAI). However, only a select group of users holding enough Alpha Points will be allowed to participate.

According to Binance’s official post, users need 198 or more Alpha Points to qualify for the PRAI TGE. Those with 162 to 197 points can still join if their Binance UID ends with a zero.

“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.

The event will take place on May 14, with the subscription period set for 10 AM to 12 PM UTC.

The new Privasea AI tokens will be generated via PancakeSwap V2, with 40 million PRAI tokens reserved for upcoming campaign activities.

The listing follows Binance Alpha’s trend of spotlighting early-stage, high-potential projects. Recent selections include Bluefin, a decentralized order book exchange, and Sudeng (HIPPO). Notably, these are both 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 show Binance Alpha’s increasing influence in DeFi and meme coin ecosystems.

Airdrop Hunters Fuel Binance Alpha Rush

The race to accumulate Alpha Points has intensified in recent months. Binance Alpha’s reputation for offering early access to top-performing token launches drives this euphoria.

BeInCrypto reported that trading volume on Binance Wallet surged significantly due to users farming Alpha Points for potential airdrops and TGEs.

Crypto investors confirmed eligibility for PRAI on X, with one user boasting 199 Alpha Points in just 15 days, and another having 225 points.

This reflects how aggressive airdrop hunting strategies have become. However, some users are complaining about not receiving Alpha Points.

“Can someone explain why I don’t get credited for my alpha points? There needs to be a live chat where this can be queried,” one user added.

Yet the UID-based restriction in this TGE has irked some users, with several community members labeling it a “lottery-style gate” that limits fair access.

“…This game is meant for those with larger wallets, Whales,” another user suggested.

While Binance says the change adds a layer of exclusivity and unpredictability, others view it as a hurdle for smaller traders trying to participate.

Notwithstanding, the Binance exchange is doubling down on Alpha Points as a core metric for community rewards and token launches. The PRAI event could set the tone for structuring future TGEs, potentially making Alpha Point accumulation even more competitive.