What is Alpha Venture DAO (ALPHA)?
ALPHA is the native token of Alpha Ventures DAO (previously known as Alpha Finance Lab), which refers to itself as the gateway to Web3 innovations. It seeks to establish a network of DeFi applications and products that work together to offer users the highest profits with the fewest dangers. Take a look at the Alpha Venture DAO price chart featured above to see the current (or previous) ALPHA price.
The Alpha Venture DAO team has built several in-house products through its Alpha Build feature, including Alpha Buy Wall, AlphaX, Provably Rare Gems, and the first leveraged yield farming platform called Homora. In fact, Homora was the very first project which jumpstarted the Alpha Venture DAO platform.
When it comes to project development, Alpha Venture DAO enables Web3 developers to create and publish their projects on the system. Additionally, it offers developers the chance to consult with a variety of Web3 industry experts. As a result, it offers the experts a place where they can participate in numerous crypto projects.
However, apart from building in-house products, the Alpha Venture DAO crypto project also has an Alpha Incubate feature, which is a launchpad for Web3 projects created outside of Alpha. The platform incubated its first project called Beta Finance in July 2021. Since then, Alpha incubated many more new Web3 projects including GuildFi, Fuku NFT, Contango, and so on.
The Alpha Venture DAO is secured by the Proof-of-Work consensus mechanism. How does it work? Essentially, the mechanism consists of miners who have to solve extensive mathematical equations in order to verify transactions and add new blocks.
The Founder of Alpha Venture DAO
Alpha Venture DAO was founded in 2020 by Tascha Punyaneramitdee. She has a degree in economics. Prior to founding Alpha Venture DAO, Punyaneramitdee worked as an investment banking analyst at Jefferies, a product manager at Tencent, and the Head of Strategy at Band Protocol. Besides that, she is also a member of the board of advisors at Berkley University.
Tascha Punyaneramitdee's leading team is accompanied by Arin Trongsantipong, the Head of Product, and Nipun Pitimanaaree, the Tech Lead.
The Purpose of ALPHA Tokens
The ALPHA token is referred to as a proxy for Web3 innovations. It has two main use cases – staking and governance.
By staking ALPHA tokens, stakers are able to gain access to exclusive features on Alpha's own products, earn fees from the Alpha ecosystem, and receive a portion of the native tokens of Alpha’s incubated projects.
When it comes to governance, by staking ALPHA tokens users are also able to become a part of the Alpha Venture DAO and participate in the decision-making processes considering the future development of the project.
A reminder! Don't forget to check the ALPHA price in real-time on the Alpha Venture DAO price chart above.
Tokenomics of ALPHA
The max supply of Alpha Venture DAO tokens is 1 billion. Thus, the ALPHA token is deflationary, which means that the Alpha Venture DAO price is likely to increase as the circulating supply reaches the max supply. Though, consider the fact that, apart from increasing, the ALPHA price can also decrease. Essentially, this is the case because ALPHA tokens get affected by the fluctuations of the whole crypto market, just like it is the case with most other tokens.
The private ALPHA token sale received 13.33% of the entire supply, while the public ALPHA token sale, which took place on the Binance Launchpad, received 10% of the total supply. Another 5% was dedicated to the Binance Launchpool. The remaining portion is dedicated to liquidity mining, team, advisors, and the Alpha Venture DAO ecosystem.
