Binance Wallet users are gearing up for the 16th exclusive Token Generation Event (TGE), this time featuring Privasea AI (PRAI), a novel privacy-focused AI protocol.
However, only a select group of users holding enough Alpha Points will be allowed to participate.
Binance Wallet Invites Users To PRAI TGE
Privasea AI launched its PRAI token today, May 14, via PancakeSwap DEX. However, only a select group of users holding enough Alpha Points will be allowed to participate in the token generation event.
“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 wrote on X.
Following its TGE, the Privasea AI price soared by over 1,458%. PRAI was trading for $0.005939 on PancakeSwap V2 as of this writing.
New rules for this round of Binance Wallet’s TGE have stirred debate among airdrop hunters and loyal Binance Alpha participants.
According to Binance Wallet’s official post, users need 198 or more Alpha Points to qualify for the PRAI TGE. Those with between 162 and 197 points can still join, but only if their Binance UID ends with a zero. This is a rare and controversial eligibility clause.
“End of the road for me. Good luck, guys,” one user lamented.
Participation comes at a cost, with 15 Alpha Points deducted upon confirmation via the Alpha Events portal. Binance also highlighted that 40 million PRAI tokens will be reserved for upcoming campaign activities.
Privasea AI is attracting attention beyond its Binance debut. The project uses Fully Homomorphic Encryption (FHE) to process AI tasks on encrypted data, ensuring privacy without compromising computation speed.
The PRAI token powers decentralized governance across BNB Chain, Arbitrum (ARB), and Solana (SOL). This positions it as a multichain AI player in a growing web3 sub-sector.
Meanwhile, 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 citing 199 Alpha Points in just 15 days, and 225 points for another. This reflects how aggressive airdrop hunting strategies have become. Nevertheless, others decry 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,” another user complained.
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,” a 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.
Meanwhile, the 40 million PRAI earmarked for campaigns suggests more airdrop-related incentives on the horizon.
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