What is Alpha Finance (ALPHA)?
Alpha Finance Lab is a cross-chain DeFi protocol with an interoperable structure that is designed to connect users to various financial services, tools, and products. Alpha Finance’s DeFi platform has a lending protocol, Alpha Lending, which was the first financial product hosted on the network. The network also offers yield-farming and perpetual swapping. That is how Alpha Finance addresses the demand for DeFi products and enables a user-friendly experience.
With innovative DeFi products and a user-friendly approach, Alpha Finance addresses unmet needs in the sector of decentralized finance by building a major ecosystem where users can find everything they need to assert financial freedom and generate “alpha” gains.
ALPHA is the multi-purpose utility token of the Alpha Finance protocol. ALPHA token is the main payment method on the network but is also used for staking, in the Alpha Lending protocol, governance, and liquidity mining. Users have control over the network, as they can choose how the protocol interoperates with other networks and financial services through decentralized autonomous organization-based dual governance that the Alpha Finance dev team plans to implement.
How Does Alpha Finance Work?
The Alpha Finance ecosystem was built to mitigate and reduce risks involved in decentralized finance and cryptocurrency trading and management, all while increasing opportunities to generate major returns. The protocol manages to achieve this goal through interoperability that is facilitated through the use of cross-chain structures, so the protocol could connect users to other networks like Ethereum or Binance Smart Chain and enable seamless interaction between multiple ecosystems and Alpha Finance protocol.
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The Alpha Finance ecosystem relies on interoperability and sustainability, where all products that are hosted within the ecosystem exist in a synergy that allows Alpha products, such as Alpha Lending, to interoperate on other networks. Sustainability is achieved through the use of the ALPHA token, which enables governance participation, liquidity mining, and represents the main payment method on the network.
Network users can use financial products such as Alpha Lending and Alpha Homora, while the dev team behind the project is preparing the next product, dubbed AlphaX. AlphaX should launch in 2021 and the product will allow users to take advantage of non-order book perpetual swapping. Users can lend, borrow, stake, get involved in liquidity mining, and collect interest rates based on their participation in the lending protocol. Alpha Finance allows users to maximize their profits and returns within an ecosystem that interconnects various DeFi products.
Who Are the Founders of Alpha Finance? (History of Alpha Finance)
Alpha Finance Labs (ALPHA) was founded by Tascha Punyaneramitdee, a former head of strategy at Band Protocol. Tascha Punyaneramitdee gained experience while working with banking investment analysts and as a product manager at Tencent, a tech giant.
Alpha Finance Labs launched on Binance Launchpad in 2020, organizing a public token sale for ALPHA. The official Alpha Finance dev team has at least seven active members, among which is the four-time winner of the International Mathematical Olympiad, Nipun Pitimanaaree. Nipun Pitimanaaree is the lead engineer and blockchain researcher.
The team plans to implement more developments to the protocol, while the team is actively involved in community updates, education, social media, and blog posting.
What Makes Alpha Finance Unique?
As the sector of DeFi experiences rapid expansion and development, the number of blockchain projects focusing on decentralized finance and DeFi products is also on the rise. Alpha Finance stands out from other similar projects in the sector by addressing unmet demands and creating a user-friendly experience with increasing accessibility to DeFi products.
With every new product hosted on the protocol, the ALPHA token gets a new utility, which is how the DeFi ecosystem is empowered and enriched with more use cases that can grant maximized returns and financial independence in the spirit of decentralization. Unlike many similar projects, Alpha Finance tackles interoperability and cross-chain structure to address the need for interconnecting DeFi products with other networks, like BSC and Ethereum.
As the project develops at an extraordinarily fast rate, new products are being added to the protocol, among which is the upcoming non-order book perpetual swapping protocol, AlphaX. AlphaX will become the first swapping product of its kind based on the model of SushiSwap protocol and will allow users to make instant swaps without the need to understand how the entire process works in the background.
What Gives Alpha Finance Value?
Alpha Finance Lab draws its value from its technical capacity, technology, innovation, utility, and the overall activity of the dev team that works on regular updates and developments. The intrinsic value of Alpha Finance is mostly defined by its technical capacity, technology, and relevancy to the sector of DeFi. However, the intrinsic value of ALPHA and other cryptos often don’t coincide with their market value.
The market value is determined and defined by a multitude of factors that may influence the price of ALPHA. ALPHA price is affected by the volatility in the cryptocurrency market, trend reversals, upgrades, updates, mainstream use and adoption, partnerships, mergers, the number of active users, as well as by important news and events. The market value of ALPHA is in constant flux and is subject to frequent changes, mostly due to volatility.
How Many Alpha Finance (ALPHA) Coins Are There in Circulation?
There are currently ALPHA in circulation out of a total of ALPHA. Alpha Finance, just like many other blockchain protocols and crypto projects, has a limited total supply. This acts as an anti-inflation mechanism and means ALPHA potentially represents a good store of value in the long term.
The number of ALPHA coins in circulation multiplied by the current market price is equal to the market capitalization of Alpha Finance. The market cap ranks the crypto in comparison with other cryptocurrencies in the market and also determines its market share and dominance.
Other Technical Data
The ALPHA token is an integral part of the Alpha Finance ecosystem and a multi-purpose coin that allows users to unlock products on the protocol and participate in the ecosystem’s governance. ALPHA can be staked and added to liquidity pools across multiple interoperable channels, so users can earn interest by adding liquidity through Alpha Homora products.
ALPHA users can add liquidity in return for incentives to liquidity pools on Uniswap, Sushiswap, Bancor, CREAM, Ethereum, and Binance Smart Chain.
The ALPHA token will also play a major role in the future governance model that will be split into two levels: finance-level governance and product-level governance, as the team is working on upgrading the governance system.
How is the Alpha Finance Network Secured?
ALPHA is an ERC-20 token, which means that the Alpha Finance protocol is backed by the protocol on the Ethereum network. Ethereum currently relies on Proof of Work where miners play an integral role in securing the network and validating transactions. Ethereum is slowly transiting to the Proof of Stake protocol, which is a more cost-effective and energy-efficient consensus mechanism.
Alpha Finance also relies on external audits to ensure that smart contracts are secured, safe for users, and protected from malicious attacks.
How to Use Alpha Finance?
Alpha Finance is used to maximize returns on staked balances through the use of ALPHA products hosted on the network. Users can add to liquidity pools and earn interest on their balances, while they may do so within an interoperable ecosystem that connects users to other networks, thus maximizing generated returns.
Alpha Finance also hosts a lending protocol, so users can borrow and lend cryptocurrency. The system incentivizes lenders by distributing interest fees based on the amounts they lend. Alpha Finance’s use case scope also includes participation in network governance and yield farming. Users may also make a profit by discovering and revealing bugs in Alpha Finance products such as Alpha Homora.
How to Choose an Alpha Finance Wallet?
As an ERC-20 token, ALPHA can be stored in any wallet that supports Ethereum and the type you choose will likely depend on what you want to use it for and how much you need to store.
Hardware wallets or cold wallets like Ledger or Trezor provide the most secure option for storing cryptocurrencies with offline storage and backup. However, they can require more technical knowledge and are a more expensive option. As such, they may be better suited to storing larger amounts of ALPHA for more experienced users.
Software wallets provide another option and are free and easy to use. They are available to download as smartphone or desktop apps and can be custodial or non-custodial. With custodial wallets, the private keys are managed and backed up on your behalf by the service provider. Non-custodial wallets make use of secure elements on your device to store the private keys. While convenient, they are seen as less secure than hardware wallets and may be better suited to smaller amounts of ALPHA or more novice users.
Online wallets or web wallets are also free and easy to use, and accessible from multiple devices using a web browser. They are, however, considered hot wallets and can be less secure than hardware or software alternatives. As you are likely trusting the platform to manage your ALPHA, you should select a reputable service with a track record in security and custody. As such, they are most suited for holding smaller amounts of cryptocurrencies or for those making more frequent trades.
Kriptomat offers a secure storage solution, allowing you to both store and trade your ALPHA tokens without hassle. Storing your ALPHA with Kriptomat provides you with enterprise-grade security and user-friendly functionality.
Buying and selling ALPHA, or trading it for any other cryptocurrency, is done in mere moments when you choose our secure platform as your storage solution.
Alpha Finance Staking
Even though Alpha Finance is supported by the Ethereum network that operates on the Proof of Work protocol which relies on mining, ALPHA tokens can’t be mined. Ethereum 2.0 will employ the more efficient Proof of Stake protocol, and so ALPHA should also be secured through the PoS consensus mechanism in the future.
ALPHA can be staked for the purpose of adding liquidity to various pools.
Alpha Finance is a unique project in the sector of DeFi that enables interoperability and hosts an array of valuable products with a focus on decentralized finance. As a relatively new project, Alpha Finance is experiencing radical and fast development backed by a team of devs with relevant education and experience in the sectors of blockchain and finance.
As ALPHA becomes more popular thanks to a great number of use cases, the market value may also follow the overall development and the mainstream use of Alpha Finance protocol and its utility token.
Join the crypto revolution and start your Alpha Finance journey today!
Alpha Finance FAQ
What is Alpha Homora?
Alpha Homora allows ETH lenders on the Ethereum-based version or BNB lenders on the Binance Smart Chain-based version to earn high interest on their tokens, while yield farmers can get an even higher farming APY by taking on leveraged positions on yield farming. There is also an Alpha Homora V2 where users can leverage yield farm on Uniswap, SushiSwap, Curve, and Balancer.
What is Alpha Launchpad?
Alpha Launchpad is a DeFi incubator focused on developing DeFi projects from the ground up and driving significant growth post launch. It has so far launched the permissionless money market Beta Finance for lending, borrowing, and short-selling.
How to buy Alpha Finance?
Buying ALPHA is as easy as visiting Kriptomat’s how to buy Alpha Finance page and choosing your preferred method of payment.
How to sell Alpha Finance?
If you already own ALPHA and hold it in a Kriptomat exchange wallet, you can easily sell it by navigating the interface and choosing your desired payment option.
Alpha Finance Price
Alpha Finance price is in constant flux and is subject to frequent changes in the market. ALPHA, like many other cryptocurrencies, is affected by volatility and a great number of specific factors that may influence its market price. You can check live ALPHA prices on Kriptomat.
In addition to traditional factors such as market sentiment, the flow of assets on exchanges, and the economy in general, the price of ALPHA is also influenced by demand for Alpha Finance Lab’s staking benefits and the growth of the Alpha ecosystem.
The current ALPHA price is EUR.
The 24-hour trading volume of ALPHA is EUR. ALPHA is currently ranked of all cryptocurrencies by total market cap, with a market cap of EUR. It has a circulating supply of and a max supply of .
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