What Is Alpha Token (A)?

Alpha Token (A) is a cryptocurrency created and owned by the Alpha platform. The Alpha platform aims to help users obtain exposure to cryptocurrency mining without dealing with the complications and hardware involved in the process. The platform seeks to build Alpha blockchain to establish a large mining operation while making mining accessible to the masses. 

As per its whitepaper, the Alpha platform was originally launched to pay for the crypto services completed by the project. As the years progressed, the platform has transformed the functions and roles of Alpha Token to achieve four primary objectives:

• To regulate the buyback and payment programs

• To allow customers to obtain mining power and equipment through the marketplace

• To reward users through marketing and promotions

• To theorize the demand for the points mentioned above

In addition, the Alpha platform also seeks to create a decentralized marketplace that can provide a means to solve financial and accounting issues on the blockchain. The network intends to launch a buyback system allowing users to trade the native token on its website using the power of the Ethereum network.

A is the native token of the Alpha platform. A operates on the ERC-20 token standard based on the Ethereum network. The mining facility regulates liquidity for A tokens in two ways, liquidity injections and buybacks. The network allows users to swap A token into ADAO through their website.

The Alpha platform introduced Alpha Decentralized Autonomous Organization, i.e., ADAO, into the ecosystem to determine ownership of the decentralized mining farm. The platform aims to provide three use cases for the ADAO tokens, such as:

• Expanding operations with each ADAO traded via the token sale.

• Rewarding the holders with distributions from buybacks.

• Voting and decision making on the project direction

Additionally, the holders are also rewarded with their share of 50,000,000 Alpha tokens as a bonus over the course of two years. ADAO users also get access to connect.alphaplatform.co where they can connect and socialize with other holders and earn A token.

History of Alpha Token (A)

Alpha Token was launched by a team based in the USA in October 2017. 

A has a total supply of 278,273,649 tokens.