Binance, the global blockchain company behind the world’s largest cryptocurrency exchange by trading volume, today announces the support for Alpha Finance Lab on its Launchpad and Launchpool platforms.
Alpha Finance Lab is an ecosystem of DeFi products, starting on Binance Smart Chain and Ethereum. Alpha Finance Lab is focused on building an ecosystem of automated yield-maximizing Alpha products that interoperate to bring optimal alpha to users on a cross-chain level.
Alpha Lending, the first Alpha product currently on Binance Smart Chain (BSC), is a decentralized lending protocol with algorithmically adjusted interest rates. The product will serve as an important building block for DeFi applications on the BSC.
Synergy across Alpha products is key to generate optimal alpha for users. We are currently developing more products that will enhance yield and solve prominent problems in DeFi. They are currently in active development and will be announced when it’s ready to be deployed in production.
ALPHA will be the main utility token across the portfolio of Alpha products, including staking utilities, reward systems, as well as governance mechanisms. All Alpha products will tie back to ALPHA and reward users for using Alpha’s products.
Alpha Finance Lab (ALPHA) $2M USD token sale on Binance Launchpad will begin on October 8, 2020, at 6:00 AM (UTC), with a lottery-format ticket claim. Alpha Finance Lab becomes the fourth Launchpad project in 2020. Earlier this year three projects were successfully launched on the Binance Launchpad platform and raised over $6M USD total.
At the same time Binance users will have the possibility to stake their BNB, BUSD and BAND tokens into separate pools to farm ALPHA tokens over 30 days using the new Launchpool format, with farming starting from 2020/09/30 0:00 AM (UTC).
Binance will list ALPHA token on 2020/10/10 at 5:00 AM (UTC) and open trading for ALPHA/BTC, ALPHA/BNB, ALPHA/BUSD and ALPHA/USDT trading pairs.
“We believe cross-chain DeFi and cross-chain liquidity are keys to drive the next stage of DeFi. Alpha products will not only take advantage of Binance Smart Chain’s scalability and the long tail of assets, but also contribute more innovative building blocks to the Ethereum ecosystem and the up-and-coming cross-chain DeFi ecosystem”, said Tascha Punyaneramitdee, Alpha Finance Lab Project Lead.
“We’re excited to have Alpha Finance Lab join both Binance Launchpad and Launchpool. Alpha's goal is very close to us - to provide greater access to DeFi to the wider population”, - said Binance CEO and Founder, CZ (Changpeng Zhao). “And first-ever double launch will afford a promising experience for our users.”
For more information about Alpha Finance Lab, read the in-depth report provided by Binance Research.
About Alpha Finance Lab
Alpha Finance Lab is focused on building an ecosystem of automated yield-maximizing Alpha products that interoperate to bring optimal alpha to users on cross-chain level starting with Binance Smart Chain and Ethereum. Alpha Lending, the first Alpha product currently on Binance Smart Chain (BSC), is a decentralized lending protocol with algorithmically adjusted interest rates. Other Alpha products are in active development mode and will be announced when it’s ready to be deployed in production. Alpha Finance Lab works with multiple industry-leading partners to leverage Alpha Lending as a gateway to drive cross-chain DeFi and cross-chain liquidity.
Stay tuned for more development updates on Alpha products via Alpha’s Discord: https://discord.gg/Z2vuKDT, Twitter: https://twitter.com/alphafinancelab, or read more about the project on the project Blog: https://blog.alphafinance.io/.
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. The Binance ecosystem is comprised of Binance Exchange (the leading global cryptocurrency exchange), Labs (venture capital arm and incubator), Launchpad (token sale platform), Academy (educational portal), Research (market analysis), Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability) and Trust Wallet (Binance’s official multi-coin wallet and dApps browser), as well as Binance Chain, a blockchain software system developed by Binance and the community. For more information, visit: https://www.binance.com
About Binance Launchpad
Binance Launchpad is the exclusive token launch platform for entrepreneurs to bring the most transformative crypto projects to life, with the help of Binance users around the world. Projects accepted to launch on Binance Launchpad will have greater access to resources and support from across the Binance ecosystem.
For Binance: email@example.com
For Alpha Finance Lab: firstname.lastname@example.org