Binance is excited to launch both a Launchpad token sale and Launchpool farming for Alpha Finance Lab (ALPHA).
The token sale for Alpha Finance Lab will follow a lottery format, with Binance recording user BNB balances for 8 days from 2020/09/30 0:00 AM (UTC) to 2020/10/08 0:00 AM (UTC). The final BNB holding amount for each user will be determined as the average of the 8 days, using the Daily Average BNB Balance calculation previously announced here.
The Alpha Finance Lab Launchpool will support BNB, BUSD and BAND staking to farm ALPHA tokens, with farming starting at 2020/09/30 0:00 AM (UTC).
Binance will then list ALPHA into the Innovation Zone at 2020/10/10 5:00 AM (UTC) and open trading for ALPHA/BTC, ALPHA/BNB, ALPHA/BUSD and ALPHA/USDT trading pairs.
ALPHA Launchpad Token Sale Details:
- Token Name: Alpha Finance Lab (ALPHA)
- Launchpad Hard Cap: 2,000,000 USD
- Total Token Supply: 1,000,000,000 ALPHA
- Total Tokens Allocated to Binance Launchpad: 100,000,000 ALPHA (10% of Total Token Supply)
- Public Sale Token Price: 1 ALPHA = 0.02 USD (price in BNB will be determined prior to the lottery draw date)
- Token Sale Format: Lottery
- Max Number of Winning Lottery Tickets: 10,000
- Allocation Per Winning Ticket: 200 USD (10,000 ALPHA)
- Supported Sessions: BNB only
- 2020/09/30 0:00 AM (UTC) to 2020/10/08 0:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 8-day period. Your final average daily BNB balance over these 8 days will determine the number of tickets that you will be able to claim.
- 2020/10/08 6:00 AM (UTC): Ticket claim will open at this time for all eligible users for a 24 hour period (ticket allocation and BNB holding rules). Users must also sign the Token Purchase Agreement at the same time, prior to completing the ticket claim. Please note that users will only be able to claim tickets once.
- 2020/10/09 6:00 AM (UTC): Ticket claim closes and the lottery draw begins.
- 2020/10/09 8:00 AM (UTC): Winning tickets are announced and the respective BNB will be deducted from each winning users’ accounts. 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.
Reminder: Users need to complete their account verification and also be from an eligible jurisdiction to participate in this token sale.
* Users from the following countries or regions will not be able to participate in token sales on the Binance Launchpad platform: Belarus, Democratic Republic of Congo,Cuba, Iraq, Iran, North Korea, Sudan, Syria, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Zimbabwe.
ALPHA Launchpool Details:
- Token Name: Alpha Finance Lab (ALPHA)
- Launchpool token rewards: 50,000,000 ALPHA (5% of Total Token Supply)
- Farming Period: 2020/09/30 0:00 AM (UTC) to 2020/10/30 0:00 AM (UTC).
- Staking Terms: No upper limit. No KYC required.
- Stake BNB: 32,500,000 ALPHA in rewards (65%)
- Stake BAND: 12,500,000 ALPHA in rewards (25%)
- Stake BUSD: 5,000,000 ALPHA in rewards (10%)
ALPHA Farming Distribution
|Dates (0 AM to 23:59:59 UTC each day)||Total Daily Rewards (ALPHA)||BNB Pool Daily Rewards (ALPHA)||BUSD Pool Daily Rewards (ALPHA)||BAND Pool Daily Rewards (ALPHA)|
|2020/09/30 - 2020/10/09||2,500,000||1,625,000||250,000||625,000|
|2020/10/10 - 2020/10/19||1,500,000||975,000||150,000||375,000|
|2020/10/20 - 2020/10/29||1,000,000||650,000||100,000||250,000|
Read about Alpha Finance Lab (ALPHA) in our research report here.
For more details on our 15th Launchpad project Alpha Finance Lab, read our blog post here.
- Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
- Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
- Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
- Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% in pool B.
- Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
- BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Alpha Finance Lab Project Links:
Whitepaper: Alpha Finance Lab (ALPHA)
All investments are subject to high market risk. Please make your investments very cautiously. Binance will choose high-quality projects, but will not be responsible for any investment losses.
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