Becoming a Multi-Chain Alpha
The Beginning:
Alpha Nodes launched on February 19th, 2022 in a nose diving, bot-filled, jeetfull market and still managed to come out on top in the top 5 gainers on Avalanche for it’s first 48 hours. We are still only at the end of Day 2, and want to keep this insane run going. We couldn’t have done it without our amazing community, and especially our OGs that believed in us before we launched our product.
What Have We Accomplished So Far?
In the past 48 hours, our developers have worked non-stop to provide our holders with the best possible experience on our dApp, and an extremely engaging community within our Discord. This what we have done so far:
- Paid out over $50,000 in USDC equivalent rewards in just over 24 hours.
- Locked our liquidity for 1 month, again the next day for another month.
- Engaged in two AMAs with the community on both 2/19 and 2/20. More to come!
- Grown our Discord to almost 3,000 members, and grown our Twitter to 1,500 followers. In just 48–72 hours.
- Began voting on treasury funds for our first Alpha Fund investments.
- Added a tax-free compounding feature to the dApp so our holders can claim and compound back into more $ALPHA without incurring our taxes.
- Announced our plans to go multi-chain!
What’s Next?
How You Can Participate in Multi-Chain Alpha.
Here is where things get real, real juicy. Take a seat and digest all of this, because we are going for a ride.
We understand that many of our very supportive followers found out about us after launch, when OG positions were no-longer up for grabs. We hear you, and we are looking out for your best interest. We want you all to benefit from our multi-chain endeavors, and this is how:
Every $ALPHA holder that is holding a minimum of 2 Trillion $ALPHA tokens will be eligible to purchase limited tiered NFTs that will allow you access into the multi-chain airdrops as we launch. These NFTs will be quite limited, with each carrying it’s own perks:
- ALPHAS — Collection of 100 NFTs that reward holder with airdrop of 125B new-chain $ALPHA tokens, as well as burn 250B new chain alpha tokens. This will end up burning 25 Trillion Tokens.
- Ronin — Collection of 47 NFTs that reward holders with 250B new-chain $ALPHA tokens, and burn 500B as well. This will end up burning 23.5 Trillion more tokens.
- APEX PREDATOR — Collection of 10 NFTs that will reward holders with 375 Billion new-chain $ALPHA tokens. This will end up burning an additional 7.5 Trillion tokens.
- 56 Trillion tokens will be burned on the new chain, with half (28T) given to new-chain holders.
These NFTs will be purchased with AVAX, and the value of each is TBD. The proceeds from each NFT sale will be split up as follows:
- 25% allocated to buybacks and burns of $ALPHA on AVAX
- 25% allocated to LP for the new chain
- 25% allocated for our treasury
- 25% allocated for founder management
We want to make sure that these airdrops are quite valuable, so there is a bit of a barrier to entry. We will be providing additional information on the tiers, and pricing of our soon-to-be announced NFTs in upcoming updates.
Now, let’s chat about the future of our OG members, and where their OG role benefits start to kick in:
- We wouldn’t be where we are without the initial and ongoing support of our OGs. We promised you guys would be extremely rewarded for your conviction in our project, and we weren’t lying. Here is a tokenomics breakdown and example of what launching on our next chain will look like for you, the OG.
Tokenomics for OG holders:
Every OG will be eligible for our future chain airdrops by holding increments of 500 Billion $ALPHA tokens, with airdrop rewards capping at 1.5 Trillion $ALPHA tokens held in wallet. Just holding between 500B — 1.5T tokens, will automatically make you eligible to receive $ALPHA tokens on the next chain. How will this work?
- Ex: You’re an OG holder with 1 Trillion $ALPHA tokens, and $ALPHA launches on a new chain. You will automatically be airdropped 25% of your AVAX-chain holdings, into the new chain, or 250 Billion $ALPHA tokens on the new chain. At the same time, 500 Billion tokens will be sent to burn address 0xdead on the new network. This creates a severely deflationary mechanic that will end up decreasing our total supply significantly.
- Supply Shock — We currently have roughly 165 OGs. If every OG held the max allotment of 1.5T tokens (example sake), then once we launch on a new chain 247.5 TRILLION tokens will be immediately burnt, or 24.75% of the total supply. This, in combination with increased starting liquidity on future chains will mean your new tokens will be extremely valuable, and far more scarce.
NFTs
OG Holders will also be automatically airdropped up to 3 (three) NFTs. 1 per 500 Billion $ALPHA tokens held, capping out at 1.5 Trillion. These NFTs will be immediately redeemable on the new chain and will represent 125 Billion tokens on the new chain (per NFT), and will also send 500 Billion tokens to be burnt (per NFT). Again, ultra deflationary.
In Summary
We made it a main focus to make sure our multi-chain launches would be as deflationary as possible to allow for the most stable growth and an ever-increasing floor price. By launching on multi-chain this way, we will be:
- Burning up to 247.5 Trillion tokens on the new chain from OG holders.
- Burning up to 56 Trillion tokens on the new chain from NFTs.
- Max burn of 303.5 Trillion tokens — a 30.35% reduction in supply.
- Max total airdropped to OGs and NFT holders on the new chain — 15.175%. (if previous conditions are met).
- Substantially increasing our LP amount when launching on new chains, meaning our market-cap will reach much higher and trading will be far more stable.
We can’t give exact numbers, but we estimate our token’s valuation on future chains to be a multiple of it’s value on AVAX at launch due to much higher LP upon launch, and much lower total supply. This is going to be massive.
We are always open to discussions with artists, and those who are familiar with NFT art creation. Please reach out directly to a founder or mod if you are interested in working with Alpha.
