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AlphaToken (ALPHA)ALPHA
$1.0500
267.58%
AlphaToken (ALPHA)
ALPHA Price
$1.0500
267.58%
Rank
#163
Market Cap (YTD)
$468.64M
842.15%
Volume (YTD)
$29.92B
3,072.21%
Circulating Supply
446,330,126
Transp. Vol.
66%
Grade
B gradeB grade
1H1D1W1M1Y
-0.37%+3.51%+0.81%+23.09%+2,964.21%
ETH0xa1faa...3b40975
ETH
Verify address & DYOR
Contract
ETH0xa1faa...3b40975
ETH
Verify address w/ multiple resources & DYOR
Websitehttps://alphafinance.io/
CommunityTwitterTelegramDiscordGithub
ALPHA is a utility token issued by the platform with the same name to support its ecosystem. It is used to protect the ...Read more
AlphaToken logo
ALPHA
United States Dollar logo
USD

AlphaToken Price (ALPHA)

ALPHA Year-to-Date Performance

Today's AlphaToken price is $1.0500, which is up 268% since the year began. AlphaToken's market cap is $468.64M. Year to date ALPHA volume is $29.92B. It has a market cap rank of 163 with a circulating supply of 446,330,126 and max supply of 1,000,000,000. AlphaToken is traded on exchanges. AlphaToken had an all-time high of $2.6214 9 months ago. Since the year began, AlphaToken has had 66% transparent volume and has been trading on 67 active markets with its highest volume trading pairs being .

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AlphaToken Statistics

Summary
AlphaToken Price (ytd)$1.0500 (267.58%)
Market Cap$468.64M (842.15%)
Trading Volume (ytd)$29.92B (3,072.21%)
Transparent Vol. (ytd)
$19.65B66% (2,684.01%)
Transparency GradeB gradeB grade(Good)
Circulating Supply446,330,126 (44.63%)
7D Price Prediction
N/A
API Coverage
1st 1D CandleJan '20
1st TradeOct '20
1st OrderbookApr '20
Exchanges40
Trading Pairs67
Updated59 seconds

Price

$1.0500
Price Change
$0.764339 (267.58%)

All-Time High

$2.6214
Date of ATH2/5/2021
Days Since ATH262
% of ATH40.05%
Price vs ATH

Market Cap

$468.64M
Mkt Cap Change
$418.90M$418,898,842 (842.15%)
Mkt Cap Rank163
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

446,330,126
Max Supply1,000,000,000
% in Circulation44.63%
% in Circulation

Volume

$29.92B$29,924,614,060
Vol. Change
$28.98B$28,981,277,000 (3,072.21%)
Exchange VolumeUnknown

Transparent Volume

66%
Transparent Volume (Δ)
2,684.01%
Transparent Volume
A - 66%
C - 30%
D - 4%

About AlphaToken

ALPHA is a utility token issued by the platform with the same name to support its ecosystem. It is used to protect the protocol and to support the Alpha products with staking and liquidity. It also serves as a governance token.

The company behind the facility is Alpha Finance Lab, established in 2020. It was created to conduct research and introduce innovations in the sphere of decentralized finances. One of the goals of the decentralized platform is to create the token swaps with a high degree of privacy. The members of the ecosystem can lend assets with fixed interest rates.

The mission of Alpha Finance Lab is the innovation work in the DeFi space with the help of Alpha product. The token holders are offered to decide on the main protocol parameters for all Alpha products and the issues of their interoperability. Thus, the native token of the Alpha platform becomes the primary tool for alignment of incentives for the developers and supporters of the community.

Alpha platform

In September 2020, the company launched its testnet via Binance Chain. Being a decentralized finance platform, it creates an ecosystem with the products interacting with each other. It helps customers to increase revenue and provide access to the version of Alpha that was well optimized for the use on different blockchains, for instance, on Binance Smart Chain or Ethereum.

Alpha Lending protocol requires a liquidity mining program that rewards users with ALPHA tokens for cryptocurrency assets that are deposited and borrowed by them. The governance of Alpha Finance Lab is implemented via DAO (decentralized autonomous organization) enabling token holders to decide upon the details of the products developed on the Alpha platform. They can, for instance, vote to determine the characteristics of the products or specify the interoperability details.

At the time of writing, 4 leveraged pools are offered on Alpha Homora v2 including Curve’s pool for farming CRV, the SushiSwap pool ETH/SUSHI for farming SUSHI, Uniswap’s pool offering leverage on ETH, and Balancer’s PERP/USDC pool enabling token farming. All pools also offer leverage.

Alpha products

If the platform offered simple token swapping in the beginning, its offer expanded to more sophisticated offerings such as derivatives. At the time of writing, Alpha Finance Lab represents the collection of DeFi products that were financed by the Spartan Group, DeFiance Capital, and MultiCoin Capital, and other investment companies that focus on hi-tech blockchain products.

The goal of Alpha Finance Lab is to create DeFi products meeting the growing requirements of the rapidly growing industry. The products should be simultaneously simple and easy to access. Alpha Lending is one of the products launched by Alpha Finance Lab, which is a decentralized lending protocol with the interest rates adjusted algorithmically.

The team also developed a platform with a leveraged yield-farming that was named Alpha Homora and a perpetual swap product AlphaX that doesn’t use an orderbook. It was developed for novices as it removed the manual futures funding rates including them into the price. AlphaX gives the opportunity to liquidity providers and yield farmers to hedge the leveraged positions and neutralized market positions thus reducing the downside risks. The Alpha platform stands apart from most other platforms as both products it developed are aimed at casual users in the decentralized finance sphere.

The release of Homora V2 was considerably enhanced after it started supporting more pools. In addition to initially supported Uniswap, the upgrade covered Balancer, SushiSwap, and Curve. This allows customers to select from a bigger range of pools for yielding. Also, a new release enabled 9x leverage and the capability to borrow diverse assets, not only Ether. The platform was developed to cater to the needs of common users with a limited budget to be able to derive a larger profit thanks to Band Protocol that is used for its work.

According to the data of DeFi Pulse, the total value of Alpha Homora locked has exceeded 1 billion USD by February 2020. This is the fastest-growing DeFi protocol in history that reached 600 million USD. It took only three months for the platform to outpace the biggest DeFi projects. It’s worth mentioning that even such leading platforms as Curve and Aave could achieve such results in 6 months.

ALPHA token

As has been mentioned above, the ALPHA token is used to attract liquidity and participants in blockchain governance. The governance of the project is fulfilled on two levels through DAO such as Alpha Finance-level governance and product-level governance allowing users to vote on different subjects. In the first case, the issues refer to the way Alpha products interoperate, while voting on the product level decides on characteristics of the products.

The DeFi token has become very popular after the support of the asset by Andre Cronier, a famous developer and the issuer of the YFI token, the price of which has increased by 130,000% within 6 weeks after its release. In his tweet, Cronier informed about the joint work with Alpha Finance Lab on the AlphaHomoraV2 project. The cooperation can help users to earn on expansion and scaling digital assets after the integration of such systems as Alpha, Sushi, and Cream.

ALPHA team

Alpha Finance was developed by a qualified team that includes highly experienced members. With its unique approach, it brought a new revolution to the sphere of decentralized finances. The protocol employed by Alpha Finance provided leveraging to Binance Smart Chain and enabled wrapping ERC-1155 tokens.

Tascha Punyaneramitdee is a co-founder and CEO at Alpha Finance Lab. Previously, she was the Head of Strategy for Band Protocol. Also, he worked as a Product Manager at Tencent, a fintech company, and Investment Banking Analyst at Jefferies, the global investment banking firm in UK and USA. Tasha was also actively involved in the volunteer experience. For instance, she is a Vice President at Thai AGA, an organization that raises awareness for animal welfare issues and a founder of the Farmers Project aimed to help farmers in Thailand.

In December 2020, Alpha Finance Lab started the partnership with Aave. The platform added the feature “Earn on Aave + ETH”.

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AlphaToken Markets

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AlphaToken Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current AlphaToken price? How much is 1 AlphaToken worth?

    The price of 1 AlphaToken is $1.0500. Over the last 24 hours, a AlphaToken is worth 3.51% more. Visit our currency converter page to convert ALPHA prices to currencies other than USD.
  • When did AlphaToken start?

    The earliest trading data for AlphaToken is on January of 2020 (based on current exchange data).
  • How high can the AlphaToken price go?

    AlphaToken’s price has gone as high as $2.6214 (which is ALPHA’s all-time high). It achieved this price 9 months ago. Speculations abound for how high AlphaToken’s price will get in the future.
  • What's the smart contract address for AlphaToken?

    AlphaToken's smart contract address is 0xa1faa113cbe53436df28ff0aee54275c13b40975.

Today's ALPHA / AlphaToken News for October 25, 2021

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