Alpha is a well-capitalized, serious project, with investors including big names, such as Spartan Group, Multicoin Capital and Delphi Ventures. This project also targets the vogue world of decentralized finance, but with a unique approach.
They build a complete ecosystem, with individual investors working together, promising to achieve minimized risk and maximized returns for the users of the project. One of their first projects is called Alpha Homora, which allows investors to invest their capital in yield farming protocols, with the promise of maximum returns.
There are many yield farming options on the market, all of which are based on the idea, that you can put your capital to work and in return you get a cryptocurrency reward. But it matters, where and under what conditions you invest, and this service can help.
Two versions of the product are available, one on the Ethereum blockchain and the other on the Binance Smart Chain. If you have ETH, you should use the one on the Ethereum blockchain, if you have BNB, you should use the one on the Binance Smart Chain.
There Is More
But that's not the end of it, Alpha Homora V2 aims to generate income on the well-known, dominant DeFi platforms, also using yield farming. Their official partners are: Balancer, Curve, C.R.E.A.M. and SushiSwap. The yield farming opportunities on these platforms are designed to maximize returns for their users. In this case, they can participate with Ethereum, nine different stablecoins, and other altcoins.
Alpha X
This is their third service, a non-orderbook based, ongoing solution. The idea is to generate ongoing revenue for participants by taking advantage of the best offers available at the time. It also offers the possibility of short selling and long selling within the world of DeFi services.
Alpha Staking With Unique Features
The Alpha team is constantly working to introduce newer and newer services. One of their latest services is staking, another easy way to invest your cryptocurrency. The heart of this, of course, is ALPHA, their native token. There is also a specific purpose to staking ALPHA token, by doing so it can give us access to unique features in their base products, which I have outlined above.
The Alpha Community
Community building is unquestionably important in the life of a new cryptocurrency project. Especially as competition is increasing and more and more coins and tokens are available on the market. That is why it is important to connect with like-minded and interested people, to build a strong community around you.
Alpha is doing a good job of building a strong community, for example at the time of writing this article, they have over 7,600 people in their Telegram group, which is a nice achievement for an up-and-coming DeFi project. On Twitter, they have over 50,000 followers, which is also a good result, and their Discord server has over 6,000 users.
Some Numbers
Of course, DeFi Pulse, the information aggregator, that is the backbone of the market, will also follow the project.
Their key statistics are:
-$628 million in total capital currently in their services.
-About 387 ETH have been deposited by their users so far.
-About 12,000 BTC currently in their system.
Alpha is a serious project within the DeFi world, although their numbers are still far behind the leaders such as SushiSwap or even the market leader Uniswap. If they continue on this path, they have a bright future ahead of them.
