Alpha Finance Lab is a cross-chain DeFi platform that aims to provide the best to users on various blockchain networks, including Binance Smart Chain (BSC) and Ethereum. The platform aims to create a DeFi product ecosystem that meets the unmet needs in the sector and simplifies access through its usage.
The native utility token of Alpha Finance Lab, ALPHA, allows token holders to stake their ALPHA tokens to cover default credits and earn a share of network fees. The token has use cases such as liquidity mining and governance voting.
It is known that ALPHA token holders will have a say in future voting on the features of Alpha products and how they will work together. Alpha Finance Lab was launched following a public offering on Binance Launchpad in 2020 and was founded by Tascha Punyaneramitdee, the project’s leader.
Unlike other platforms, Alpha Finance Lab not only provides solutions on demand but also aims to make DeFi more accessible by being user-friendly. Each product developed by Alpha Finance Lab serves to support the entire Alpha ecosystem by providing additional benefits to ALPHA token holders.
Due to the growth in the DeFi ecosystem, ALPHA has been gaining popularity over time and is currently trading at $1.51. Alpha Finance Lab Coin, ranked 85th by market cap, is also traded at 0.00004834 BTC in the ALPHA/BTC trading pair. Additionally, it is noted that ALPHA coin reached its lowest at $0.0257 on November 3, 2020, and its record high at $1.75 on January 21, 2021. There are currently 174,136,442 Alpha Finance Lab Coins in circulation, and it is planned to reach 1,000,000,000 ALPHA tokens.