Binance will list Teller on its Alpha platform on August 26, allowing eligible users to claim airdrops using Alpha Points accumulated through the platform's events program, according to a post from Binance Wallet.
Binance Alpha is the exchange's venue for token launches and community engagement, letting users earn points through participation in promotional activities and then redeem those points for allocations in new token offerings. The listing marks the first public trading venue for Teller.
The airdrop claim process will operate through the Alpha Events page once trading begins on August 26. Binance said further details about eligibility criteria and point requirements will be announced in coming days through its official channels.
Binance Alpha has become a primary distribution mechanism for new tokens seeking liquidity on one of the world's largest crypto exchanges. The platform lets the exchange control initial supply distribution and reward its most active users without requiring a traditional public sale infrastructure.
Tokens listed on Alpha typically see volume concentration there initially, though many eventually migrate to Binance's main spot trading engine after a period on the dedicated platform. The exact timeline and conditions for Teller's migration, if any, have not been announced.
Binance Alpha Points retain value only within the Alpha ecosystem and cannot be traded on secondary markets. Users must use accumulated points to participate in token offerings or forfeit them.
The listing announcement did not specify the total token supply, initial trading pair, or the percentage of Teller that would be allocated through the airdrop versus other distribution methods. Binance typically reserves final tokenomics details for closer to the launch date.
