AMA Recap: The Crypto Blade x Alita Finance
Host: Hello Juda Allard
Welcome to The Crypto Blade Community
Juda Allard: Hello Community
I’m Juda Allard, Busines Analyst of Alita.Finance
So excited to talk to Crypto Blade about our project …
Host: Let’s start the AMA session, Are you ready?
Juda Allard: Yes I am!!
Let’s get into it
First Segment: Introduction:
Host: 1. First of all please introduce yourself, and share some information about your team, How big is your team right now?
Please write “done” once you complete your answer!
Juda Allard: Behind Alita.Finance is a group of 30 compassionate individuals with different specializations coming together to advance a new decentralized financial system that can be trusted among users anywhere around the globe!
The Blockchain and Technical Division consists of 12 members with 3 blockchain developers, 7 technical/system experts, and 2 creative designers. Marketing and Customer Support includes 15 people — 8 marketers, 4 community engagement executives who will help connect Alita.Finance to our worldwide users, and 3 social media specialists. There are also three top management roles.
Host: 2. Can you please provide Some information about the “Alita.Finance” project and How long you’ve been building this?
Juda Allard: Alita.Finance is a decentralized financial ecosystem that will eventually develop into a global DeFi hub for fintech enthusiasts, and we’re starting with the AMM-based decentralized exchange AlitaSwap as our first step towards realizing this vision.
AlitaSwap provides everything you need to manage your finances in one place. Our one-stop DeFi platform features swapping, liquidities, as well as pools and farms with astonishing APRs. Please check them out for yourselves: https://app .alita .finance/#/
We also have a full roadmap ahead and exciting DeFi products launching soon (risk-free lottery, Initial DEX Offering platform, NFT games, etc.), plus an ambitious marketing plan implemented on a global scale and aimed towards reaching the wider crypto community. Please consult our detailed roadmap to gain first-hand insight into what we are currently working on as well as our goals for 2021+: https:// docs. alita. finance/roadmap
Host: 3. Are you working on any partnerships, and marketing initiatives to help build awareness for your platform?
Juda Allard: We partnered up with CoinGecko and Nomics, two leading global crypto data aggregators, for listing ALITA tokens on their sites. We also formed a partnership with PancakeSwap; now our users can swap BNB/ALI or provide liquidity for this token pair. More excitingly though is that the alita.finance team has been partnering closely with Certik since day one to provide a transparent DeFi ecosystem for all users. Each of AlitaSwap’s smart contracts has gone through rigorous audits by the top-tier firm in the industry — Certik — ensuring that the safety of our users’ funds is never in question when using AlitaSwap’s services. Stay tuned as more fruitful partnerships will be announced soon!
The ultimate goal behind the alita.finance project is to broaden the reach of DeFi technology by making it more accessible for all users through the various DeFi projects which are currently available or will launch soon on our platform.
Host: 4. Next, Can you please share some details about the $ALI Token-omics, is there any particular vesting schedule if so can you share more about it?
Juda Allard: We have a strict Alita token distribution with a variety of products in Alita ecosystem. There will be only 100,000,000 ALI, with 5% allocated to airdrop for users. 95% of the total supply will be fully released in 5 years and the distribution amount will decrease 20% every 6 months.
We decide to allocate 47.5% of the distribution (47,500,000 ALI) to reward trading activities on our partner exchanges, 23.75% (23,750,000 ALI) to reward Yield Farmers and 23.75% (23,750,000 ALI) to reward Staking participants. With the token allocation that maximizes user benefits, we believe that ALI will become the ultimate reward token for all trading platforms!
In order to avoid inflation, AlitaSwap’s token distribution mechanism provides that 20% fewer ALI tokens enter circulation (emissions) every six months. Additionally, the team might consider burning an appropriate amount of ALI tokens in due course depending on how many are in circulation.
Host: 5: Lastly, Can you tell us what are the motivations and benefits for investors to hold your token in long term?
Juda Allard: Alita.Finance does not rely on this temporary basis, and we can guarantee this fact by stating our statistics. 60% of all ALI token in circulation have been locked in our Ocean Pool ($90M in our pool compared to $148M in market cap). It clearly illustrates the trust investors are placing in Alita for the long run, and makes all the difference compared to the other platforms. On top of that, our ALI token can now be used to swap, add liquidity to farm, stake on our exclusive platform AlitaSwap. In upcoming phases of our project, ALI token is also utilized on IDO, NFT, Lottery pools, Lending services, etc. The success of Alita.Finance shall decide the wide application of Alita token, therefore we are working tirelessly to make our platform the most beneficial and well-known one amongst the crypto world, and these utilities are the core factors that can help us achieve this goal.
2nd Segment: Community round
Q1: What are the competitive advantages of your project? What advantages do you have over competitors? What would be your project secure most similar contender in the market today in terms of scalability, security, features, and adaptability?
Question by amado_gaston
Juda Allard: The first thing is our token distribution. We provide 20% less ALI tokens entering circulation every six months.
In the next few months, alita.finance will launch a premier NFT game launch platform which will introduce a wide variety of new NFT games to our users. Our platform helps small and emerging NFT games to increase their reach and visibility in the crypto ecosystem at large.
Our vision is to become the go-to launchpad for worldwide NFT games that seek widespread exposure amongst crypto enthusiasts around the world. This ambitious plan also sets us apart from other DeFi protocols since we are the first decentralized exchange that acts as a launchpad for NFT games
Q2: Can you give an overview of your Tokenomics, and the UTILITY of Token?
Question by Ethaviera
Juda Allard: There will be only 100,000,000 ALI, with 5% allocated to airdrop for users. The 95% of total supply will be fully released in 5 years and the distribution amount will decrease 20% every 6 months.
We decide to allocate 47.5% of the distribution (47,500,000 ALI) to reward trading activities on our partner exchanges, 23.75% (23,750,000 ALI) to reward Yield Farmers and 23.75% (23,750,000 ALI) to reward Staking participants. With the token allocation that maximize user benefits, we believe that ALI will become the ultimate reward token for all trading platforms!
The total supply will be decreased regularly by 20% every 6 months.
Total demand on ALITA token will be increased rapidly.
Q3: Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
Question by AlexanderPrado123
Juda Allard: Yes, our burn plans include monthly token burns and a large-scale buyback-and-burn program. Alita.finance is committed to combating inflation so that your ALI investments are always safe from dilution. Our aim is to strike a healthy balance between the number of ALI tokens in circulation and those that are burnt.
Q4: Can you tell me what is tokenomics and the whitepaper of your project? Where can I buy it too? And Audit is important for both trust and security. Have you done any audit of the smart contracts?
Question by MdShakil213
Juda Allard: Each of AlitaSwap’s smart contracts has gone through rigorous audits by top-tier audit firms in the industry, one vivid example is Certik. This helps ensure our project is transparent and secure so that our users never have to worry about the safety of their funds when trading within our ecosystem.
Q5: Can you share Your opinion about Defi & NFT? What makes your NFTs rate and special?
Question by ArtieLightfoot1996
Juda Allard: In the future, we are going to develop an NFT game launch platform that will introduce a wide variety of new NFT games to our users. We hope to collaborate with small and emerging NFT gaming projects, where we can offer them a launchpad for them. This is what makes us special in the market since we would be the only DEx platform that supports NFT trading.
Host: Thank you so much @judaallardd for the very detailed answers!
I would recommend to our community to join Alita Finance’s telegram group for more details and upcoming updates.
I would recommend to our community to join Alita Finance’s telegram group for more details and upcoming updates.
