Binance Launchpool & Launchpad combo: Alpha Finance Lab (ALPHA)

By PVM | Mind Puzzle | 1 Oct 2020


More and more projects added to the Launchpool, giving Binance Coin (BNB) holders the opportunity to farm new tokens. The ALPHA launchpool will  be similar to the Flamingo (FLM)  and Venus (XVS) farming, however for Alpha Finance Lab (ALPHA) a new feature will be added and ALPHA will run on both Launchpool and Launchpad. The sale token on Launchpad will follow a lottery format while to farming on Launchpool will run on BNB, Band and BUSD pools. Users from Belarus, RD Congo, Cuba, Iraq, Iran, North Korea, Sudan, Syria, USA and its territories cannot participate to the campaign.8658992d165f9e73f0655cebf80e2547967348b99acbbf1f3bbda8b5efb8a548.jpeg

Launchpad will record the Binance Coin balance for 8 days (30th of September to 8th of October) and lottery tickets will be credited according to the holding amount of each user. The average daily BNB balance over these 8 days will determine the number of tickets that users will be able to claim. On the 8th of October, users can claim their tickets (only once) and sign the Token Purchase Form before completing the ticket claim. The next day (9th of October), the lottery draw begins and the winning tickets are announced and the committed BNB for ALPHA acquisition will be deducted from the account. Please ensure you have sufficient BNB in your spot exchange account to be deducted within 24 hours if you have a winning ticket. Please note that BNB in open orders, margin accounts, lending products, sub-accounts, futures accounts, fiat accounts, Launchpool accounts, or card accounts will not be eligible to be deducted. The Launchpad hard cap is set to $2 million and the  100 million ALPHA tokens are allocated to the public sale, at the 1 ALPHA = 0.02 USD ratio. The allocation per winning ticket is $200 and users must have the amount of BNB in the spot wallet.

Launchpool will distribute 5% of the ALPHA total token supply, 50 million tokens, up to the 30th of October. Three different pools are available for users and Binance Coin, Band and Binance USD can be staked. The allocation will be 65% for BNB holders (32.5 million tokens), 25 % for BAND holders (12.5 million tokens) and 10% (5 million tokens) for Binance USD holders. The distributed amount for the first 10 days will be 2.5 million tokens per day, dropping to 1.5 million in for the next 10 days, and reaching 1 million tokens per day in the last phase of the campaign. Snapshots of user balances and total pool balances will be calculated hourly and the reward can be claimed at any time from the pool. 

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As my Binance Coin is currently in Savings to get Swipe Airdrop and Bella + Wing farming distribution, I only had 1.5 BNB to stake for ALPHA farming. To claim the reward, users must to on Launchpool, select the asset pool and click on "Claim Reward". The claiming process can be repeated as long as a reward was accumulated. 1bfe8a4892a41dd193c27e4c8107ef57f4a1b5dd4425c0dd9b725bb5c01d0389.jpeg

After the claim is completed, the amount of farmed Alpha will be visible in the spot wallet. fc160f3e7634ca3c181d406a386d070fcadcf947aefb3c04fde1d77dfbad34a0.jpeg

 

*currently testing ReadCash

Links and referrals

Website: https://alphafinance.io

Whitepaper: Alpha Finance Lab 

Binance Launchpool: Flamingo (FLM) for BNB holders

Binance Launchpool: Venus (XVS) for BNB holders

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PVM
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Mind Puzzle
Mind Puzzle

Think! ... it's still free! An amalgam of cryptocurrency, science, arts, news and other manifestations of human intellectual will be published on this blog. Sometimes I will add my personal opinions or midnight revelations

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