A double launch what the Binance exchange has in mind: Alpha Finance Lab will in fact be included on both Binance Launchpad and Binance LaunchPool .
Alpha Finance Lab (ALPHA) is a system that falls within the decentralized finance sector ( DeFi ) and which allows you to manage assets by maximizing their yield automatically.
This protocol will start on both Binance Smart Chain and Ethereum.
In this way, the first product will be launched, namely the lending of ALPHA tokens, already operational on Binance Smart Chain (BSC). The token will allow you to interact with various products such as staking, receive rewards and obviously will also act as a governance token.
Binance has therefore seen fit to take advantage of this to start ALPHA both on Launchpad for the sale of tokens, which will be 100 million for Binance, or 10% of the entire supply from 1 billion tokens. The sale will follow the standard forms we’ve always seen on Launchpad and its lottery system. We remind you that some countries will not be able to participate in the token sale, such as America.
Alpha Finance Lab will also be supported on LaunchPool, where users will be able to stake BNB, BAND and BUSD and start farming, for which 50 million are available. ALPHA token; we are talking about 5% of the total supply.
Interesting to note that there are no stake limits nor it is necessary to complete the KYC (Know Your Customer) procedure.
Alpha Finance Lab Project lead Tascha Punyaneramitdee said:
“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 “.
Goal very similar to that of Binance, as commented by CEO Changpeng Zhao:
“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. And first-ever double launch will afford a promising experience for our users. “