TL;DR
- Proposal to whitelist ALTA
- Willing to do LM on Bancor B3
- 1% of total token supply for IL protections
- 1% of total token supply for LP incentives (exponential decay)
- Proposed trading liquidity limit is 100,000 BNT
- There are no apparent security concerns that would prohibit whitelist status
- There is no reason to doubt the legitimacy of the Alta Finance project
- The benefit to Bancor is clear
ALTA token address: 0xe0cCa86B254005889aC3a81e737f56a14f4A38F5
Project Website: https://alta.finance
Token Security
ALTA does not have an elastic supply, or rebase mechanism. The Alta Finance contracts do not have permissions that grant administrators unrestricted mint/burn capabilities. The ALTA token supply is fixed at 10,000,000,000, of which 2,500,000 are in current circulation. The contracts and addresses with the highest concentration of ALTA tokens are predominantly the multi-sig vault accounts and three of the team’s founders wallets.
Project
Alta Finance is a real world asset DeFi protocol. The protocol’s lenders and stakers earn crypto yields in a much safer way by participating in the revenue and profits of the real world assets.
The Alta Finance mission is to bring real world assets into the crypto ecosystem, powered by the Alta Finance ALTA Token. Our core lending protocol, Earn, makes it easy to have exposure to the underlying real world asset revenue streams wrapped in a smart contract and earn high-paying daily interest in USDC up to 19.75% APR.
Earn runs natively on Ethereum and Polygon (other chains launching soon) and is powered by the ERC-20 infrastructure. All Earn contracts are opened with our native ALTA token, which can easily be acquired inside a Web3 wallet.
Real World Assets
Alta Finance has a robust pipeline of future real world asset projects that will be very exciting and appealing to the crypto community.
Tokenomics
ALTA is Alta Finance’s native protocol token, currently issued on Ethereum and Polygon, following the ERC-20 standard.
The ALTA token is a utility token designed to facilitate community governance and build a community around bringing real world assets to crypto via the Alta Finance platform.
Token Contract: Alta Finance (ALTA) Token Tracker | Etherscan
Token Utility
Rewards
- Earn ALTA bonuses on Earn saving contracts
Governance
- Vote on future protocol adjustments with your ALTA token
Protocol
- ALTA will be the core token powering all protocols inside the Alta Finance DeFi Ecosystem, including but not limited to: Earn, Invest, Pool, and more.
- ALTA is accepted as a lending asset to open Earn saving contracts
- Long-term ALTA holders will accumulate more voting power for governance
Community and Communication
Alta Finance is active on Telegram and Discord. The Alta Finance team also operates official Twitter accounts. Activity on GitHub is frequent, with new updates appearing every 2–3 days. The development team and advisors are presented on the team tab on the Alta Finance website. Jeremy Crane, the Founder and CEO is the project’s main spokesperson. The Alta Finance website includes two contact e-mails:
- Mailing: 3300 N Triumph Blvd, Suite 100, Lehi, Utah, USA
- General email: [email protected]
- Press email: [email protected]
Available Audits
Alta Finance has not been audited yet, but we are in process to complete within the next 3 months by reputable auditors:
- OpenZeppelin
- PeckShield
- Zokyo
- Alta Finance is also launching an open bug bounty program on Immunefi.
Financial + Operational Transparency
Alta Finance has setup the following for full operational and financial transparency:
- The Alta Finance Treasury with all real and digital assets;
- Material data published on-chain using the Alta Finance Oracle (launching soon);
- The Alta Finance Token Model is publicly available on our website;
- The Alta Finance Roadmap is publicly available on our website;
- All Team members are fully public (doxxed) including ALTA holdings & social channels;
Market and Trading Data
- Alta Finance’s price at the time of writing is $0.2241.
- 2,500,000 tokens in circulation (once launch is complete).
- 10,000,000,000 maximum supply.
- The ALTA token is not available on major exchanges, but we will be working towards this over the next 6 months.
Benefits for Bancor:
Alta Finance has a very unique value proposition that can drive traders and liquidity providers to Bancor:
- Target is to have Bancor Protocol Owned Liquidity pools at launch of our treasury bootstrapping event
- Main trading volume can occur using Bancor pools during our high-growth events over the next 6 months (grow from 38 holders to 10k+)
- Our project is exciting and unique in the crypto space, and is not tokenizing real estate