Binance Alpha, a platform dedicated to supporting early-stage cryptocurrency projects, recently announced the listing of Xterio (XTER) despite the token's price decline. The exchange also revealed plans to list SOON (SOON), with trading beginning on May 23, 2025.

XTER is associated with the Web3 gaming platform Xterio, which received a $15 million investment from Binance Labs in July 2023. This funding was aimed at enhancing game development, incorporating AI technologies, and launching Xterio's tokens to expand its gaming ecosystem. Despite being listed on Binance Alpha, XTER experienced a 15.8% price drop, trading at $0.28.

Binance Alpha also introduced an airdrop for XTER, allowing eligible users to claim 294 XTER tokens via the Alpha Event page. To be eligible, users needed to possess at least 194 Binance Alpha points and spend 15 points to claim the airdrop. Unfortunately, the listing did not lead to a positive price impact for XTER.

Additionally, Binance Alpha announced the upcoming listing of SOON tokens, which will be available for trading on May 23. Similar to XTER, users will receive SOON tokens based on their Alpha points, with detailed eligibility criteria to be disclosed on the airdrop event page.

SOON tokens serve as the native utility token of the Solana Optimistic Network (SOON) ecosystem, which operates as a high-performance Layer 2 blockchain platform. Binance Alpha aims to leverage airdrops to encourage user engagement and support the growth of new projects, as seen in the significant surge in trading volume following the introduction of Binance Alpha Points.