What is Alpha Coin? Alpha Finance Lab And Alpha Coin – Investors Must Know

Alpha Coin, also known as Alpha Finance Lab, is the next open-source project in the series of blockchain projects that Tradafx wants to introduce. All information about the Alpha Network project, such as what Alpha Coin is, what Coin Alpha is, the operating mechanism of Alpha Coin, the services provided by Alpha Finance Lab, and details about the Alpha token, will also be revealed in today’s article.

1. WHAT IS ALPHA NETWORK?

Alpha Coin is the name of a cross-chain DeFi platform project by Alpha Finance Lab. Launched in October 2020, Alpha Finance Lab quickly became one of the fastest-growing DeFi ecosystems in just over a year.

At the end of March 2022, Alpha Coin officially rebranded and introduced Alpha VentureDAO to the public—an expanded community evolving from Alpha Finance Lab, presented as “the shaper of the Web 3 future.”

Alpha Coin was built and developed with the goal of creating an interactive DeFi ecosystem that connects various components to maximize profits and minimize risks for users. The Coin Alpha Network is governed through a Decentralized Autonomous Organization (DAO), allowing Alpha token holders to vote on future product details of Alpha Coin and how they interact and connect with each other.

1.1. Alpha Finance Lab Development Team

Alpha Finance Lab was co-founded by Tascha Punyaneramitdee and Nipun Pitimanaaree.

• Tascha Punyaneramitdee: Project Lead. She is also known as the former Head of Strategy at Band Protocol, a Thai-based Oracle project.

• Nipun Pitimanaaree: Co-founder and current Head of Engineering at Alpha Coin. He graduated from the Massachusetts Institute of Technology (MIT) and is a four-time gold medalist in the International Mathematical Olympiad.

Currently, the Alpha Finance Lab development team, including both founders, consists of around 20 members. Among them are software engineers, blockchain engineers, and developers, all of whom have extensive experience in blockchain projects.

1.2. What Makes Alpha Coin Unique?

Compared to the DeFi projects previously introduced by Tradafx, what sets Alpha Coin apart and makes it more distinctive? The key highlight chosen by the Alpha Finance Lab team is identifying and addressing unmet demands within DeFi ecosystems.

Beyond providing DeFi solutions, Alpha Coin focuses on ensuring that these solutions are user-friendly, making it easier for users to access DeFi. Each product developed by Alpha Finance Lab contributes to the overall Alpha Finance Lab ecosystem rather than being just a standalone feature. Additionally, all products offer entirely new solutions to the market.

For example, Alpha Coin introduced leveraged yield farming with Alpha Homora V2.0, a groundbreaking feature in the industry.

2. ALPHA FINANCE LAB ECOSYSTEM

The Alpha Finance Lab or Alpha Venture DAO ecosystem consists of two main components:

• Alpha Build: Focuses on building synergistic products and applications that dominate their respective markets.

• Alpha Incubate: As the name suggests, “Incubate,” the Alpha Coin project nurtures innovations and new projects within the crypto space. It also collaborates with an advisory board to develop future Web 3.0 projects.

Initially, Alpha Finance Lab introduced the Alpha Coin ecosystem with four components: Alpha DeFi, Alpha Metaverse, Alpha Tokennomic, and Alpha Launchpad. However, after rebranding to Alpha Venture DAO, the ecosystem was restructured: Alpha DeFi and Alpha Metaverse were merged under Alpha Build, while Alpha Launchpad was renamed Alpha Incubate.

2.1. Alpha DeFi Ecosystem – Homora

The flagship product of the Coin Alpha DeFi ecosystem is Homora, the pioneering platform for leveraged yield farming, which allows users to amplify their profits up to 10 times.

Alpha Homora was launched in late 2020 on the Ethereum network and later expanded to Binance Smart Chain (BSC). Currently, Alpha Homora has a Total Value Locked (TVL) exceeding $1 billion and has evolved into a multi-chain platform, supporting networks such as Ethereum, BSC, Avalanche, Fantom, and more.

• Lending Feature: Alpha Homora users can lend various cryptocurrencies such as ETH, USDT, USDC, and more to earn interest on their loans.
• Yield Farmers: Participants in Coin Alpha Yield Farming can earn higher APY from leveraged yield farming as well as transaction fee APY, maximizing their farming returns.

• Liquidator: Users providing liquidity can earn a 5% liquidation bonus.

Non-Leveraged Liquidity Pools: For those who prefer not to use leverage, Coin Alpha Homora also offers liquidity pools with no leverage, where APY profits are earned from trading fees instead.

2.2. Alpha DeFi Ecosystem – AlphaX

AlphaX is the second product in the Alpha DeFi ecosystem, following Alpha Homora. It is a derivatives trading platform that allows users to profit from crypto price volatility and arbitrage without owning any tokens. What makes AlphaX unique is the Strike Token concept—a representative token that users can easily trade on an automated market maker (AMM) platform.

In addition to trading features, users can also mint a pair of Strike Tokens by providing USDC to AlphaX.

2.3. Alpha NFT – Alpha Buy Wall

Alpha Buy Wall of Coin Alpha NFT is a smart contract that allows any user to bid for any NFT of a collection, which can basically be understood as being able to provide a floor price for that NFT collection. The transaction exchange process will include two parties: the bidder and the seller.

• Buyer (Bidder): Deposits ETH, which is then locked in Alpha Buy Wall to place a bid for an NFT. If the bid is accepted, the locked ETH is transferred to the seller, and the bidder receives the desired NFT.
• Seller: Sells an NFT to instantly receive ETH at the highest bid price. Alpha Buy Wall acts as an intermediary, matching bids and facilitating the transaction process.

2.4. Alpha NFT – Provably Rare Gems

Coin Alpha Provably Rare Gems has set a new standard in the NFT industry by offering verifiable scarcity for ERC-1155 tokens, which are used as gems in the Alpha Coin metaverse.

Any Alpha Coin user can mine these GEMs. The Alpha Coin mining process for Loot & Bloot GEMs begins at 04:30 PM (UTC), with each GEM having different levels of mining difficulty.

3. WHAT IS ALPHA COIN?

Alpha Finance Lab Coin (ALPHA) is the native token of the Alpha Finance Lab ecosystem. The Alpha token is considered a gateway to Web 3 innovation.

Holders of Alpha Network Coin have multiple options beyond just staking ALPHA tokens or trading Alpha Finance Coin. They also have the right to contribute to Web 3 projects developed by Alpha Finance Lab or Alpha Venture DAO in the future. Benefits of Holding Alpha Coin:

• Earn rewards from the Alpha Coin ecosystem through liquidity mining and staking Alpha tokens.
• Unlock exclusive features across Alpha Finance Lab’s products and services.

• Voting Rights: Alpha Coin holders can vote on proposals for ecosystem changes.

You can check the Alpha token price daily on cryptocurrency information platforms or search “Alpha CoinMarketCap” or “Alpha Coingecko” on Google. These platforms aggregate Alpha Coin prices from exchanges and provide real-time updates.

3.1. Basic Information about Alpha Coin

• Token Name Alpha Finance Lab: ALPHA (Ethereum & BSC), ALPHA.e (Avalanche)
• Blockchain: Ethereum, BSC, Avalanche
• Token Type: Utility, Governance
• Market Cap: $296,222,174.65
• Total Supply: 1,000,000,000 ALPHA
• Circulating Supply: 446,330,126 ALPHA

Alpha Coin Smart Contract Addresses:

• ERC20: 0xa1faa113cbe53436df28ff0aee54275c13b40975
• BSC20: 0xa1faa113cbe53436df28ff0aee54275c13b40975
• Avalanche: 0x2147efff675e4a4ee1c2f918d181cdbd7a8e208f

3.2. Alpha Coin Token Allocation

Alpha tokens are allocated as follows:

• Binance Launchpad: 10%
• Binance Launchpool: 5%
• Private Sale: 13.33%
• Liquidity Mining: 20%
• Team & Advisors: 15%
• Alpha Coin Ecosystem: 36.67%

The Team & Advisors’ Alpha Tokens were locked until August 2021 and will be fully vested by March 2024.

3.3. Alpha Coin Staking Guide

Staking ALPHA tokens is a core mechanism for users to earn value from Alpha Coin’s products while strengthening the ecosystem. By staking Alpha Coins, holders receive automatic rewards and gain governance rights within the Alpha Network.