Alien, The Vital Token
Aliens.Finance leverages the strength of Ethereum’s decentralized finance (DeFi) culture, improves upon its current automated market making (AMM) economic system as well as technical infrastructure. Alien Finance also incorporates the increasingly popular non-fungible tokens (NFTs) on the platform to provide the ever-growing community base with a great decentralized finance product that has great yields and an intuitive simple-to-use interface.
ALIEN Token
Alien is the governance token distributed to the broader community in order to facilitate the decision-making process around the cross-chain DeFi protocol. The Alien token is tasked to both incentivize liquidity and staking on the Alien Finance platform. Once the community establishes a core governance system based on the token, exchange listings, improvement proposals, and changes of the core parameters of Alien Finance, future developments will be voted by owners of the governance token, Alien.
Alien Allocation & Economic System
85% of the Alien token supply is distributed to the community for staking tokens (UNI,HT,MX,YFI and etc.) or for providing liquidity to Alien. The latter 15% is reserved to incentivize development and for individuals with remarkable contributions, vesting proportionally to the 85% distributed through staking and liquidity providing.
We strongly believe that the community and liquidity providers taking the initiative to provide liquidity on our trading pairs should be the first to be rewarded. Unlike other flawed competing products where the token prices suffered from a high “inflation rate” token issuance model, Alien Finance introduces SmartBuyback, a new economic model where 0.3% of all profits earned by the protocol are used to purchase back Alien token after our swap launches on Uniswap. These incentives are designed to build strong liquidity and incentivize the use of the protocol for trading.
Pools, Applicable Rewards, and Eligible Assets
As mentioned above, 85% of the token supply will be distributed to LPs and locking incentives. In this section, we introduce eligible liquidity pools, applicable rewards, and eligible assets.
ALIEN Token Distribution
50,000 ALIEN tokens were minted at the genesis and we will release these rewards gradually in the following manner:
• 85% of the total supply, 42,500 ALIEN tokens, will be dedicated to liquidity mining.
◦ Phase 1: From October 28th to Nov 24th, 100 ALIEN tokens will be distributed per block to investors locking UNI,YFI,HT,MX tokens in saving pools according to the proportions outlined above. 20,000 ALIEN tokens will be distributed during this phase.
◦ Phase 2: From Nov 25th to Nov 30th, 1000 ALIEN tokens will be distributed per block to liquidity providers in the ALIEN/ETH Uniswap pool as well as contributors to the saving pools according to the proportions introduced above. 20,000 ALIEN tokens will be distributed during this phase.
◦ Phase 3: From Nov 30TH until all ALIEN tokens have been minted, 100 ALIEN tokens will be distributed per block to liquidity providers and contributors to the saving pools according to the proportions introduced above. 2,500 ALIEN tokens will be distributed during the remaining 131 days of the liquidity mining program.
• 15% of the total supply, 7,500 ALIEN, will be vested for the team over a period of 2 years to incentivize the appropriate development and operations of the swap.
ALIEN Smart Contract Address:
0xc1f846b5ecbc94155bfc42f3ca902e3a0d9d9bea
Maximize Rewards with NFTs
NFTs, non-fungible tokens, have recently gained popularity. While initially used in blockchain gaming applications such as CryptoKitties and Axie Infinity, NFTs have been extensively used by digital artists to monetize their creations in recent months. New NFT projects like DeGo.Finance, MEME, Sandbox.Game, and Whale made this sub-sector hotter than ever. Aliens.Finance brings digital collectibles into DeFi and gamify the DeFi sector.
Contrary to fungible tokens that are valued consistently, an NFT’s value is determined by the unique characteristics associated with the token itself, which include its rarity, utility, aesthetics (in the case of art), etc. In addition, NFTs are uniquely identifiable, which facilitates tracking on-chain and allows anybody to easily determine their ownership.
Aliens.Finance NFTs will mostly be minted on Ethereum blockchain. They are designed to further enhance the returns of our early supporters. NFT holders are eligible for additional rewards including but not limited to: additional rewards per block, greater shares of revenue distribution, additional surprise airdrops, free merchandise distribution, and etc. Furthermore, it could be very fulfilling in itself, just by owning a unique piece of art created by our in-house digital artists.
To learn more about Aliens.Finance, and stay updated on the latest developments:
Visit https://Aliens.finance
Follow us on Twitter @ALIENfinance
