What is Alpha Venture DAO? Launched in 2020, Alpha Venture DAO (ALPHA) is a Blockchain project that aims to create the Web3 ecosystem. In this article, you can find answers to frequently asked questions such as what is Alpha Venture DAO, what it offers, what is ALPHA coin, how to get it, what is it used for. As Kriptokoin.com, we have compiled it for our curious readers. Let’s examine the project together.
What is Alpha Venture DAO?
Alpha Venture DAO was founded in 2020 as Alpha Finance Lab. Alpha Finance Lab was a project that offered users the advantages of decentralized finance (DeFi). The project was rebranded as Alpha Venture DAO on March 31, 2022. Formerly offering services such as lending protocol, leveraged yield farming and staking, the project has set Web3 as its focus after the name change.
Alpha Venture DAO aims to create a massive Web3 ecosystem of decentralized applications (dApps). The project has a native cryptocurrency called ALPHA coin. The DAO ecosystem consists of two parts, “build” and “incubate”. Software developers have the opportunity to create their own decentralized web3 applications through the platform. Developers can communicate with and get help from people from various professions, such as content creators, within the network. Users who help users build applications gain early access to high-quality projects and the chance to participate in Alpha Network.
The project also works as a venture capital fund for web3 applications. Currently, web3 projects Beta Finance, pStake, and GuildFi have been incubated in Alpha and raised money from Tier 1 venture capital funds. These projects have released their native tokens on the Alpha platform. The platform supports web3 application developers in partnership with Terraform Labs and over 50 experts and investors.
What is ALPHA coin? What is it used for?
ALPHA coin is the native cryptocurrency of the Alpha Venture DAO platform. ALPHA, whose maximum supply is limited to 1 billion units, has various versions created on the Binance Smart Chain, Ethereum and Avalanche blockchains. The token stands out with its use cases in many areas from decentralized finance (DeFi) to the web3 universe.
ALPHA coin can be used in various DeFi products such as the leveraged yield farming protocol HomoraV2 offered by the platform, AlfaX for derivatives trading, Alfa Buy Wall, which acts as a liquidity provider for NFT traders. In addition, investors who want to support projects incubated within the web3 ecosystem can gain additional advantages by donating Alpha to applications. At the time of writing, ALPHA coin was the 287th largest cryptocurrency with a market cap of around $163 million. In addition, 446 million ALPHAs were in circulation, accounting for 45% of the token’s maximum supply.
How to get ALPHA coin?
To purchase ALPHA coin, first there must be a cryptocurrency exchange where the token is listed. Currently, crypto exchanges such as Binance, OKX, CoinTiger, FTX, and DigiFinex list ALPHA. Investors interested in the Alpha Venture DAO project can purchase the token by signing up for one of these exchanges and depositing money in their wallets.
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