Let’s get ready for another IDO launch on Ignition! Meet Alphr.Finance an automated crypto hedge fund and decentralized social trading platform.
- Whitelist Start: April 08, 2021 1PM UTC
- Whitelist Close: April 14, 2021 4AM UTC
- Alphr.Finance on Ignition: April 26, 2021
Whitelist for the Alphr IDO is closed.
What is Alphr.Finance?
Alphr is democratizing crypto trading by creating a highly efficient mirror trading system that will enable anyone to copy trades of the most successful traders in the industry. Through Alphr, users can access a comprehensive selection of top crypto traders and automatically buy and sell when their trader of choice does so. When users choose a wallet that they wish to mirror, they can deposit funds into a smart contract pool that will ensure their capital is routed to mirror the trades of their chosen individual. Alphr users can search for any trader’s wallet and create new mirror pools for additional traders they wish to copy.
Alphr is a new use case for smart contract pools and routing.
Mirror trading systems in traditional and cryptocurrency markets are not a new concept and there are several companies out there offering this service. However, Alphr’s structural model that utilizes smart contract pools to route funds in one transaction rather than one smart contract per transaction sets it apart from many of the existing systems out there. This saves considerable gas fees for users as the amount of gas to process transactions is shared by a whole group rather than one individual.
The practical benefits of Alphr.
For many, the crypto space may seem like a daunting and confusing space. This is because the perceived risk of losing funds makes people stay away due to a fear of entering. Automated mirror trading models such as Alphr can lower entry barriers for many people who are curious about trading crypto but just don’t know where to start. By utilizing Alphr’s automated mirror functionality, they can copy trades of some of the most successful traders and access these markets with low fees and ease.
The $ALPHR token will be the governance token of the Alphr protocol and will store the value of fees generated by the protocol. 100% of the fees generated will be used to buy and burn $Alphr periodically, and the value generated by the protocol will be transferred back to the token holders. By holding $ALPHR, users will be granted governance privileges such as voting rights on the Alphr community fund to determine how it is utilized in the future.
Alphr was created by Swami AlphrAnanda to make crypto trading more accessible to the masses. Alphr enables anyone to trade with the alpha of the most successful investors in crypto. Using the Alphr protocol, users can mirror their trades in the crypto market, allowing them to buy when they buy and sell when they sell.
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