Three minutes to understand the project Alpha5


Alpha5 is a centralized derivatives trading platform. Currently, USDT-based BTC and ETH perpetual contracts and futures products have been launched, including current and second quarters. Introducing the "contract swap" function, that is, you can directly trade positions of different products of the same value without closing existing positions and opening positions. The transaction fee is 0.045%, and the handling fee for large orders (over $100M) is 0.035%.

Basic situation

Development

In September 2020, Alpha5 was officially launched. Starting from December 1, all customers are required to complete a complete KYC process. On December 9, $A5T launched Uniswap. On March 1, 2021, $A5T plans to launch MXC.COM and start trading mining at the same time.

The highest single-day trading volume of $37M appeared on January 22, 2021.

Alpha5 single-day trading volume, source: skew.

Token information

Token address: 0xe8272210954ea85de6d2ae739806ab593b5d9c51

$A5T is the platform currency of Alpha5

  • Total planned supply: 50,000,000
  • Maximum supply: 49,579,516
  • Circulation: 7,000,000

On March 1, 16-month transaction mining was started, and 30,000,000 $A5T (60% of the total supply) was distributed through transaction mining. In the first month, 88,888 pieces are allocated every day. The specific allocation schedule is as follows. The daily reward distribution will be distributed proportionally based on the handling fee generated by user transactions on the day (00:00 UTC to 23:59:59 UTC).

Transaction mining single-day reward = (users pay transaction fees on the day / total transaction fees on the day) * reward distribution amount on the day

The $A5T obtained from transaction mining is a locked asset and will be unlocked based on the transaction volume starting the next day. One $A5T can be unlocked for every 5000USDT transaction, and the transaction can continue to receive transaction mining rewards.

Transaction mining reward distribution schedule, source: Alpha5

  • 12%, 6,000,000, private placement round, early price is about $0.5/A5T, locked for 545 days until February 2, 2022
  • 10%, 5,000,000, public offering round, already in circulation
  • 60%, 30,000,000, transaction mining, unlocked daily from March 1, 2021
  • 14%, 7,000,000, core team, locked for 545 days until February 2, 2022
  • 4%, 2,000,000, marketing, business development, already in circulation

$A5T adopts a deflation model, and Alpha5 will spend 20% of the handling fee at the end of each month to buy back $A5T and destroy it. 98,958 pieces were destroyed in November 2020, 130,120 pieces were destroyed in December 2020, and 197,766 pieces were destroyed in January 2021, for a total of 420,844 pieces.

Online exchange:

Uniswap (24-hour trading volume is $457,532, the number of transactions is 154, and the price is $2.63 at 17:13 on February 26, 2021)

Team information

CEO-Vishal Shah (LinkedIn: https://www.linkedin.com/in/vishal-shah-51835463/ )

He graduated from the Stern School of Business of New York University with a degree in finance and international economics. He has 13 years of transaction-related work experience and served as a transaction supervisor at Royal Bank of Scotland, BNP Paribas, Industrial and Commercial Bank of China.

Financing

Alpha5 has accumulated more than $400M in financing, led by Polychain, and participating investment institutions include FBG Capital, Axia8 Ventures, Oasis Capital, SNZ, Altonomy, CMT Digital, Lvna Capital, Bollinger Investment Group, Nima Capital, etc.


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