The Binance crypto exchange today announced its "first double launch". It is implemented together with the Alpha Finance Lab (ALPHA) project, which will be simultaneously added to Launchpad and Launchpool services.
Binance Launchpad is a platform for initial stock offerings (IEO). On its basis, a token-sail Alpha Finance Lab will be held. Balances on user accounts in the BNB for the distribution of tickets will be recorded from September 30 to October 8.
Total Alpha Finance Lab intends to collect up to $2 million, distributing 100 million ALPHA or 10% of the total issue. One winning ticket gives the right to get an allocation of $200. Numbers of winning tickets will be announced on October 9. At the same time will be written off BNB from the accounts of investors to purchase ALPHA.
Also 50 million ALPHA will be distributed to users of the recently launched Binance Launchpool platform in the period from September 30 to October 30. Users are encouraged to stack BNB, BAND and BUSD to obtain their own project tokens.
Alpha Finance Lab is developing a "cross-channel DeFi platform focused on creating an ecosystem of products that will interact with each other and provide users with an advantage in different blockages, starting with Binance Smart Chain (BSC) and Ethereum".
The first product of Alpha Finance Lab will be Alpha Lending, which is a decentralized leasing protocol with algorithmic changes in interest rates. ALPHA token will allow holders to earn a portion of the fees collected by the platform and can be used in shaping with liquidity, as well as in managing the platform.