What It Means To Be An Alpha

Status Update

Our last two Medium articles have really shaken up the DeFi space, and threw in a number of fun twists to Alpha Nodes and how our project will move forward. Before we get into the meat of things, let’s give a quick recap of our newfound roadmap and where we are at currently.

Phase 1 — Reflection token (where we are now)

Phase 2 — Nodes as a Service + NFT Marketplace

Phase 3 — Multi-Chain Launch

Phase 4 — Yet to be disclosed…

Now, to give you some insight on what has to be done to get from Phase 1 to Phase 2:

• Hire Engineers / Software Devs
• Build out architecture for a completely custom platform (i.e. custom contracts for both NFT Marketplace & NaaS, server space, design work, website dev, etc.)
• Hire a proficient NFT artist to create top tier art for our NFT / Node collection
• Network with other projects to vet our first listed partners
• That just skims the surface

We have come so far from being just the reflection token we were at launch, and all of these plans will soon be updated into a fully descriptive Road Map on our website that will show our progress, and update our holders on what exactly is being worked on. We are all about transparency here.

Perfecting AVAX Phase 2

One of the main focuses of this article is to address the multi-chain launch we teased in our first Medium article back on February 21st. This multi-chain launch will include all of the new elements of our Phase 2, and will come once we’ve perfected things on the AVAX chain and are ready to launch a new collection on the new chain, as well as open up our multi-chain functionality to our NFT Marketplace.

Limited Collection

In our last Medium article, we brought up current issues other node projects face and why these issues occur. One of those issues was runaway node creation, meaning at one point more nodes will be created than the rewards pool can sustain. This has been seen in nearly every node project, and it’s something we will avoid. How will this be avoided?

Our NFTs / Nodes will be limited to a collection of 10,000. That’s it.

This means that once 10,000 nodes / NFTs are minted, the ability to create a new node will be unavailable. The same as when an NFT collection get’s fully minted out. It’s almost like it’s an NFT collection, oh wait, it is! When you mint your node, it will also mint an Alpha Wolf NFT that is tied to your node. Your Alpha Wolf will have varied rarities, and can be treated as collectors pieces or maybe a profile pic if you happen to snag a rare one. These will act as traditional NFT collections on top of the utility of being a node, and have the potential to fetch higher prices for more rare attributes.

Shareholder in our ecosystem

These NFTs are in essence preferred stock in the Alpha Lab company. What we are building doesn’t end with the NFT collection, nodes, reflection mechanics, any of this. The vision our founders have for Alpha is to be a private launchpad to enable our engineers and architects to build full blockchain applications that require large initial investments to do right. The NFT Marketplace will be massive, but just a start. Rather than paying back these returns to VC firms or private investors, you, the $ALPHA holder, get to benefit directly from the massive ecosystem we are building.

Genesis Alpha Wolf NFTs

In our first ever Medium article, we had our first mention of NFTs, and how these will help us bootstrap our launch onto the next chain, among other development. This is still happening, and here is a full breakdown of how it will go.

We will launch 157 Genesis Alpha Wolf NFTs that embody the best traits, rarities and emit the highest rewards (APR). These will be very exclusive, expensive, and in return will be very profitable to the holders. These are seen as the seed funding necessary for us to move to our next steps on multi-chain and therefore the holders of these will be treated as Elite Shareholders with extra special perks and rewards. Below is a breakdown of the different tiers of these Genesis NFTs.

100 Alphas — the most elite leaders & VIPs of the Alpha Pack

47 Ronin — Alpha Pack’s most dangerous and efficient protectors / warriors

10 Apex Predators — The top of the top, nothing is better than the Apex.

These will be auctioned off, all with a starting auction price that is yet to be disclosed. The APRs will also be disclosed in a future Medium article, most likely our next!

Who is eligible for a Genesis Alpha Wolf?

Only holders of more than 2 Trillion ALPHA tokens will be eligible to bid in this exclusive NFT mint. The mint will take place roughly 5–7 days prior to our Phase 2 launch, and each new holder will be able to flaunt their extra special NFT for a few days prior to the public mint. We may do an upcoming raffle / event to win an eligibility spot in this mint.

OG Recap & Multi-chain

So, where does OG tie into all of this? We have noticed that OG spots have become quite deflationary as early “WL pls” jeets joined our Discord and then left within the first days / weeks of the project. As our project grows, we have plans to open up very exclusive bounties to earn these OG spots. Our OG spots are meant for long term convicted holders, that we find worthy of completely free airdrops on our next chains. Our OG holders will be rewarded with a free AVAX node upon the launch of our Phase 2, and will also have exclusive benefits when we launch on the next chain. These OG spots are basically whitelist opportunities for our future projects and chain launches.

What Else Is In Store?

Everything we are doing is unique and aims to solve an issue. We will not fork, we will be forked. That is our motto. We have already seen other projects pop up copying our model of launching as a reflection, and growing a treasury to bootstrap into Phase 2. As you can probably tell from our track record and future plans, we want the same things you do as a holder. Us developers are simply investors like yourself with the vision of building a project that does what we all want. Innovate solutions through hard work, honesty and conviction, and navigate through the crazy depths of DeFi until we find a sustainable solution for passive income without ponzinomics. We’ll be the first to admit that much of DeFi contains elements of ponzinomics, but we want to be the first DeFi application 100% free of ponzinomics and create a solid and honest corner. That is our goal, and we have achieved so much already in such little time to kickstart our journey. Thank you for coming along.

What’s Next?

Our next Medium article will be discussing what you’ve all been waiting for — The price to create a node, our tokenomics, how emissions will work and more! We have been working very very hard behind the scenes, so thank you for your patience. These coming articles will have more visual sneak peeks on the design and progress of our work on Phase 2.

P.S.

Our Alpha Fund treasury now has a total value of nearly $218,827 with $166,826.96 being liquid cash. Here are our current investments:

• $101,617 in stable-coin farming at 12% APR on Pangolin
• $10,300 in DAI.e (ready to be deployed)
• $54,909.96 in DAI.e in our Gnosis Multi-Sig Safe Wallet
• Recently invested a total of $52,000 into other node projects paying out roughly $1,200 per day, or an 842.31% APR
• Treasury has been steadily growing by roughly $10,000 per day