Binance is implementing a “double …

Binance Double Launches Alpha Finance Lab on Launchpad and Launchpool

Binance cryptocurrency exchange today announced its “first double launch”. It is being implemented in conjunction with the Alpha Finance Lab (ALPHA) project, which will simultaneously be added to the Launchpad and Launchpool services..

Binance Launchpad is an Initial Exchange Offerings (IEO) platform. The Alpha Finance Lab token sale will be held on its basis. BNB user account balances for ticket distribution will be recorded from September 30 to October 8.

In total, Alpha Finance Lab intends to raise up to $ 2 million by distributing ALPHA 100 million or 10% of the total issue. One winning ticket entitles you to a $ 200 allocation. The winning ticket numbers will be announced on October 9th. At the same time, BNB will be debited from investor accounts for the purchase of ALPHA.

ALPHA 50 million will also be distributed to users of the recently launched Binance Launchpool from September 30 to October 30. Users are encouraged to stake BNB, BAND and BUSD to receive their own project tokens.

Binance is implementing a “double ...

Alpha Finance Lab is developing a “cross-chain DeFi platform focused on building an ecosystem of products that will interoperate and provide users with an edge across a variety of blockchains, from Binance Smart Chain (BSC) and Ethereum.”.

The first product of Alpha Finance Lab will be Alpha Lending, which is a decentralized lending protocol with algorithmic interest rate changes. The ALPHA token will allow holders to earn a portion of the fees collected by the platform and can be used in mining with the help of liquidity, as well as in managing the platform.

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