Alpha Token Migration Complete!
It’s a big day at the Alpha HQ after a successful and seamless migration to our new Alpha token.
Alphas, this token migration means more than just a reduction of zeroes, or a pair to USDC. This opens up a whole new world of opportunities, possibilities, and profitable ventures for the holders of our Alpha token. This marks the beginning of a series of upcoming announcements that we have been working on for months, preparing our entire ecosystem for a massive boost.
What is this new token? Why migrate?
$ALPHA (v1) was launched on February 19th 2021, and kicked off the entire dynamic that we see here today. It was an amazing run, and and honor to have launched that token. As great as it was, there were some glaring annoyances and holdbacks around it’s design and implementation that we knew must change as we enter the next stages in the Alpha Shares ecosystem.
- $ALPHA had a total supply of 1 Quadrillion (1,000,000,000,000,000) tokens which creates a fun dynamic to hold billions or trillions of tokens, but is definitely straining on the eyes with so many zeroes.
- $ALPHA was a 9 decimal place token, which is not as optimized as the more industry standard 18 decimal places for an ERC-20 token.
- $ALPHA was paired with WAVAX, which substantially decreased our market cap during this bear-market. That being said, it also aided in our run up during the bull-market.
- $ALPHA still had variable tax functions that created disclaimers on CoinMarketCap and CoinGecko even though we became a tax-free utility token.
Alpha (v2) solves all these issues, and introduces capabilities for our token and ecosystem to grow in ways we never even thought of at the beginning.
- Alpha now has a total supply of 1,000,000 tokens, which is a 1 Billion : 1 migration / wrap. This means that now our NFTs cost 100 tokens to mint rather than 100,000,000,000!
- Alpha is now an 18 decimal place token which makes development and calculations therein much more simple and efficient.
- Alpha is now paired with USDC to provide for a more stable trading pair. USDC will be a backbone to our ecosystem through upcoming bonds, and result in less volatility of our token since it’s no longer paired with WAVAX.
- CoinMarketCap and CoinGecko have been updated on the merge, and our token pages should reflect the new token ASAP!
How to migrate to Alpha V2 tokens:
We have made migration as easy as possible for everyone. With just a few easy steps, you’ll have your new Alpha v2 tokens in your wallet.
- Connect your wallet to https://alphashares.io
- Navigate to your Account page by clicking on your wallet link on the top right.
- Claim any pending rewards from your NFTs — this will automatically claim them as v2.
- Unstake any $ALPHA you have staked in v1.
- Once unstaked and in your wallet, click the bell icon on the top of the page.
- Make sure you are on the migrate tab, then migrate your “Legacy Token Balance” to “Alpha Shares Token Balance” by first approving of the migration contract, then migrating.
You have now successfully migrated to the new Alpha V2 token!
Mint The Alpha Pack With USDC!
In addition to our successful migration, we have included a new bond for TAP (The Alpha Pack) NFTs so you can now mint using 100 USDC. A portion of all USDC bonds will be going into our Alpha/USDC liquidity pair to provide for more stable trading. Another portion will be used to substantially increase our development capacity to push out marketplace features faster than ever.
This new mint option also allows new users to avoid the barrier to entry / hassle of having to purchase Alpha tokens for the mint. We are very excited about moving forward with this strategy for our last 4,000 mints.
What’s Next?
The Alpha Shares team has been building multiple products and services behind closed doors for the past few months. All of these new features are culminating into a massive new DeFi ecosystem that empowers our community and enables a new echelon of passive income growth. We do not slow down, we will never quit. Be prepared for an explosive end of Q4, and an extremely bullish start to Q1 2023.
New Links:
Chart - https://dexscreener.com/avalanche/0x9c3254bb4F7f6A05A4Aaf2Cadce592C848d043c1
TraderJoe — https://traderjoexyz.com/trade?outputCurrency=0x9c3254bb4F7f6A05A4Aaf2Cadce592C848d043c1#/
