What is Alpha Finance Lab (ALPHA)? Electronic coin details ALPHA

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What is alpha finance lab alpha blogtienao

Wave Binance Launchpad Last Binance has been successful with SAND. When the SAND price is about 10 times higher than the price IEO can buy.

This time, Binance launched a new project on both Launchpad and Launchpool. That's Alpha Finance Lab (ALPHA).

So what is Alpha Finance Lab (ALPHA)? If this project is hot, let's find out with Blogtienao!

What is Alpha Finance Lab (ALPHA)?

Alpha Finance Lab is a platform DeFi cross-chain, focusing on building an ecosystem of products that will interact with each other and bring alpha to users on blockchain Different, starting with Binance Smart Chain (BSC) and Ethereum.

The project's products are quite diversified and Alpha Lending is the first one built by Alpha Finance Lab, which is a decentralized lending protocol with algorithmically adjusted interest rates.

At Alpha Finance Lab there is also a native token called ALPHA that brings many benefits to the ecosystem such as liquidity mining, governance voting, as well as staking.

So let's go evaluate what the product has? The value of ALPHA token and guide you to participate in IEO of this token on Binance Launchpool.

The purpose of Alpha Finance Lab

  • Allows for sustainable productivity
  • Minimize impermanent loss in liquidity supply
  • Build a token exchange that protects privacy
  • Allows loans with fixed interest rates

Alpha Finance Lab and products of the project

Alpha Finance Lab is a DeFi platform that is building an ecosystem of products that will interact on both BSC and Ethereum.

The first product of the project, called "Alpha Lending", is a decentralized, pool-based loan protocol. Users can make a profit by offering assets supported on the protocol.

The assets deposited by the lender will be transferred to a smart contract that aggregates the liquidity of each asset into a common fund, which is available to the borrower. The interest payable by the borrower is distributed relative to the loan liquidity providers.

alpha lending for products of alpha finance lab

Lending

If a user wants to be a lender, they can deposit one of the backed assets, such as BNB, into the protocol.

After depositing, users will receive alToken (such as alBNB), interest-bearing tokens representing their user's share of BNB. The interest the lender receives is accrued to each block on the BSC.

lending in alpha finance lab

Borrowing

Before a user can borrow, they must deposit assets that can be used as collateral on the protocol. When submitting those assets, users will receive alToken.

Each asset that can be used as collateral has a specified Loan-To-Value (LTV) ratio. For example, if the LTV for BNB is 75%, the user who deposits and uses BNB as collateral can borrow any asset up to 75% of the value of BNB deposited.

borrowing at alpha finance lab

Interest rate

The use of the property, or how much of the total deposit borrowed, determines the interest rate the borrower must pay. In general, higher utilization rates correspond to higher borrowing costs.

Risk and liquidation

The borrower is at risk of liquidation when the total value of the borrowed property exceeds the maximum value that the user can borrow. Due to the volatile nature of asset prices, users are recommended to borrow less than the maximum value they can borrow to avoid liquidation.

risk and liquidation

Technical infrastructure

Overview of the overall technical infrastructure of the project is as follows:

  • Lending Pool Contract: Handling user behaviors in the lending pool, including functions such as depositing, borrowing, paying debts, withdrawing and liquidating.
  • Lending Pool Configurator: Provides configuration functions for Lending Pool and deploying token pool configuration, including pool configuration and interest calculation.
  • alToken Contract: Management of casting and burning alToken. alToken represents a user's loan position or the proportion of the margin amount in the total liquidity of that asset.
  • Price Oracle: Responsible for querying the latest prices of assets from BandChain.

the project's technical infrastructure

What is AlPHA?

ALPHA is the native token of the platforms. Current and planned use cases of ALPHA tokens include liquidity mining, governance voting as well as staking.

Basic information about ALPHA copper

Ticker ALPHA
Blockchain Binance Chain
Token Standard BEP2
Token type Utility Token
Total Supply 1.000.000.000 ALPHA
Initial Circulating Supply 174.136.442 ALPHA

Allocation of ALPHA tokens

  • Biannce Launchpad Sale: 10% of total supply
  • Binance Launchpool: 5% of total supply
  • Private Sale: 13.33% total supply
  • Liquidity Mining: 20% of total supply
  • Team & Advisors: 15% of total supply
  • Ecosystem: 36.67% of total supply

alpha token allocation

ALPHA release schedule

alpha token issuance schedule

Alpha Finance Lab (ALPHA) token sale

  • Private Sale Allocation: 133,333,334 ALPHA
  • Private Sale Token Price: 0.0125 USD / ALPHA
  • Amount Raised Private Sale: 1.67MM USD
  • Binance Launchpad Sale Allocation: 100,000,000 ALPHA
  • Binance Launchpad Sale Token Price: 0.02 USD / ALPHA
  • Binance Launchpad Sale Amount Raised: 2.00MM USD

What are ALPHA tokens used for?

The ALPHA token used in the current and planned period is as follows:

  • Liquidity Mining: Users will be able to earn ALPHA tokens as rewards for providing liquidity in Alpha Lending.
  • StakingHolder ALPHA will be able to send tokens to the smart contract, using these tokens to pay off all default loans. Those who staking their ALPHA will receive a share of the platform's revenue.
  • Governance voting: Conducted at two levels through DAO: product-level governance and Alpha Finance-level governance. Product-level governance will allow ALPHA token holders to govern key protocol parameters of specific products, while financial-level governance will allow ALPHA holders to manage how Alpha product portfolios are interact with each other.

What exchange is ALPHA traded on?

Currently, there is only information that Binance will list ALPHA on Innovation Zonev at 12:00 October 10, 10 (VN time) and open trading for trading pairs ALPHA / BTC, ALPHA / BNB, ALPHA / BUSD and ALPHA. / USDT.

Alpha Finance Lab (ALPHA) on Binance Launchpool

Binance debuted both the Launchpad token sale and the farming Launchpool for Alpha Finance Lab (ALPHA). I will guide first is Launchpool offline:

Basic information

  • Token name: Alpha Finance Lab (ALPHA)
  • Launchpool token reward: 50.000.000 ALPHA (5% total supply)
  • Farming time: 30/09/2020 07:00 am to 30/10/2020 07:00 am
  • Bet Terms: No upper limit and no KYC requirement

The pools are supported to farm ALPHA

Distribute daily ALPHA in pools

There are 3 timeframes and the total number of daily ALPHA bonuses will vary and vary from pool to pool. Details are as follows:

From 07:00 am on September 30, 09 to 2020:07 am on 00/10/10:

  • Daily reward is 2.500.000 ALPHA.
  • Distributed to each pool as follows: BNB (1.625.000 ALPHA), BUSD (250.000 ALPHA) and BAND (625.000 ALPHA)

From 07:00 am on September 10, 10 to 2020:07 am on 00/20/10:

  • Daily reward is 1.500.000 ALPHA.
  • Distributed to each pool as follows: BNB (1.625.000 ALPHA), BUSD (250.000 ALPHA) and BAND (625.000 ALPHA)

From 07:00 am on September 20, 10 to 2020:07 am on 00/30/10:

  • Daily reward is 1.000.000 ALPHA.
  • Distributed to each pool as follows: BNB (650.000 ALPHA), BUSD (100.000 ALPHA) and BAND (250.000 ALPHA)

Guide to stake BNB, BUSD and BAND receive ALPHA

Step 1: If not, register for a Binance account: https://blogtienao.com/go/binance

Step 2: Have 1 of the tokens available: BNB, BUSD, BAND

Step 3: Access: https://launchpad.binance.com then select "Stake now"With the pool you want:

Select stake now with the pool you want to farm alpha

Step 4: For example, you use BNB, then click "Stake”And enter the amount of BNB you want to send to the pool.

Alpha Finance Lab (ALPHA) on Binance Launchpad

Basic information

  • Token name: Alpha Finance Lab (ALPHA)
  • Launchpad Hard cap: $ 2.000.000
  • Total tokens allocated to Binance Launchpad: 100.000.000 ALPHA (10% of total supply)
  • Public sale token price: 1 ALPHA = 0,02 USD (price in BNB will be determined before the date of drawing)
  • Token sale format: Lottery
  • Maximum number of winning lottery tickets: 10.000 Tickets
  • Allocation for each winning ticket: 200 USD (10.000 ALPHA)
  • Support: Only BNB
  • Users need to complete account verification and must also be from an eligible region to participate in this token sale.

Participation schedule

  • 30/09/2020 07:00am đến 08/10/2020 07:00am: User BNB balance will be calculated by hourly snapshots for every day. Your final average daily BNB balance over these 8 days will determine the number of tickets you can claim.
  • 08/10/2020 13:00h: The ticket purchase request will open at this time to all eligible users for a 24-hour period ( rules of allocation of tickets and holader BNB ). Users must also sign the token purchase agreement at the same time, prior to completing the ticket purchase request. Tickets can only be requested once
  • 09/10/2020 13:00h: The ticket purchase request ends and the draw begins.
  • 09/10/2020 15:00h: The winning ticket is announced and the corresponding BNB will be deducted from the winner's account. Make sure you have enough BNB in ​​your spot exchange account to deduct within 24 hours if you have a winning ticket. BNB numbers in open orders, margin accounts, lending products, sub-accounts, future accounts, fiat accounts, Launchpool accounts or card accounts will not be eligible for deduction.

General note when joining Binace Launchpool and Launchpad

  • A snapshot of the user's balance and total pool balance will be taken every hour to calculate user rewards, also updated every hour.
  • Users will be able to accumulate their rewards (calculated per hour) and receive these rewards directly into their spot account at any time.
  • Annual rate% (APY) and total balance of each pool will be updated in real time.
  • Can only stake one pool at a time. For example, a user cannot stake the same BNB in ​​2 different pools at the same time, but can allocate 50% of their BNB to pool A and 50% in pool B.
  • Users will be able to withdraw their funds at any time without delay and join any other available pools instantly.
  • BNB participating in Launchpool will still provide users with standard benefits to BNB holders, such as airdrops, Launchpad eligibility, and VIP benefits.

Roadmap

  • Quarter 3, 2020: Launch of Testnet Alpha Lending
  • Q4 2020: Launch of mainnet ALpha Lending

The product is in development stage and will be officially announced at launch. Please wait for the update in this section.

The future of Alpha finance Lab (ALPHA)

Alpha Finance Lab aims to develop a global community. Although team core is mostly based in Asia, the goal is to expand their reach with an incentive program for builders to join and contribute to the project.

Current community development strategies:
  • Host DeFi conferences, seminars and meetings to engage potential users.
  • Provide online and offline product education sessions
  • Publish technical updates every two weeks through blog posts.
  • Actively interact with the community through social channels.
Community development strategies in the future:
  • Launch the Alpha Partner Program to foster integration and partnerships.
  • Launch of Liquidity Mining programs on Alpha Lending and future products.
  • Launching Liquidity Mining jointly with ecosystem partners.

Should you invest in ALPHA copper?

In general, any projects that are posted on Binance become a fever in the crypto community. However, no one is sure how much a token will increase.

The project believes that Cross chain Defi and Cross-chain Liquidity are key to driving the next phase of DeFi and bringing financial applications to everyone. If done well, the project is likely to expand and be of great interest from the community.

Please consider before investing.

Alpha Finance Lab and the team

  • Tascha Punyaneramitdee (Lead): Former Head of Strategy at Band Protocol, Investment Banking Analyst at Jefferies.
  • Nipun Pitimanaaree (Lead Engineer, Blockchain Researcher): Former Research CEO at OZT Robotics.
  • Thara Malaimarn (Blockchain developer): Former blockchain developer at Band Protocol and Loom Network.
  • Pitchanai Thitipakorn (Software Engineer): Former software engineer at GIS company.

Alpha Finance Lab community

The reason why Alpha Finance Lab chose Binance Smart Chain

Alpha Finance Lab chose Binance Smart Chain (BSC) because it believes that DeFi should scale to a faster and cheaper platform than Ethereum. But also supports smart contract programming (compatible with EVM) and can support ERC-20 tokens to take advantage of great sharing of DeFi developer minds and user base in DeFi products. now available.

Crucially, assets in the Binance centralized exchange can easily be transferred to Alpha DeFi products built on BSC. This provides a seamless line of asset supply not only across different blockchin but also between leading centralized exchange products and Alpha DeFi.

Any information will be Blogtienao continue to update quickly for you. However, brothers can follow the blog on the project's Medium to update the latest information. Thanks!

Latest update about ALPHA

Update 30 / 12 / 2020

Since the update of this post, the price has been x12 times and it will continue to increase since the update. Remember, when the ad wrote the update in the picture it was December 30, 12. Currently, admin is updating the update to January 2020st, 31. At this time, counting down 01-2021h is the release of ALPHA V48, just like AAVE V72.

ALPHA has not yet launched AlphaX and has not listed coinbase, so it is very potential for those who are trying to answer, and if you just ask, admin accept it, dare not answer.

12/02/2021 (Update on the 1st of Tet)

  • TVL after v2 released, TVL gradually increased and is currently 1.24B at the time of writing.
  • AlphaX: Is in the private testnet 2 phase, which means the testnet will be public this time, so it will be released soon.
  • ALPHA TOkenomics is being redesigned.
  • Add 1 large fund to invest in Alpha: Delphi Digital (this fund has invested in projects: Axie Infinity, DeBank, Nexus Mutual, Terra, Thorchain, SushiSwap, Uniswap, and Zapper)
  • And so they will in turn inform partners with projects CREAM, Debank, Rari, RUNE, Zapper.
  • Their plan will open more pools and from there TVL can reach higher milestones.
TP: 4 $ - 6 $ - 8 $ - 10 $ - 20 $

 

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