As we approach the allocation date on January 28th, 8am UTC, make sure you stake ALPHA on Alpha Tokenomics before the big moment to reap the most benefits. From then on, ALPHA stakers will earn PSTAKE and GF tokens from our second and third Alpha Launchpad incubated projects, respectively.
We are thrilled as an Alpha Wolves community for this event to begin! Now, here’s how PSTAKE and GF tokens will be distributed to ALPHA stakers.
A total of 8.25M PSTAKE tokens, which is 1.65% of the total supply, will be distributed to ALPHA stakers on Alpha Tokenomics.
The claimable period will commence at the end of 1st, 3rd, 4th and finally 5th month after the lock-up period begins on Jan 28th. This means the allocation of PSTAKE will be distributed to ALPHA over the span of 5 months with a total of 4 claimable rounds. Allocation will be equally divided and unlocked each time by 25%, or ~2M+ PSTAKE tokens.
A total of 10M GF tokens, which is 1% of the total supply, will be distributed to ALPHA stakers on Alpha Tokenomics.
The claimable period will commence at the end of the 6th month and continue until the end of the 17th month after the lock-up period begins on Jan 28th. This means the allocation of GF will be distributed to ALPHA over the span of 17 months with a total of 12 claimable rounds. Allocation will be equally divided and unlocked each time by 8.33%, or ~834K GF tokens.
We’ve prepared 2 simple tables for you illustrating the details of PSTAKE and GF token allocation.
Why We Choose This Distribution Approach?
After months of working together with pSTAKE and GuildFi, we've carefully curated these distribution mechanisms for each specific project and believe them to be the most optimal method for both ALPHA stakers and our incubated projects. Almost 245 million ALPHA (55% of the circulating supply) are currently staked. These ALPHA stakers are heavy DeFi users with long-term investment goals. Hence, allocating PSTAKE and GF tokens in this way allows our incubated projects to access this large community and grow their valuable users and investors.
On the flip side, this distribution approach offers ALPHA stakers enough time to study Alpha Launchpad projects, become heavy users of the protocols, and grow exponentially with these high-quality projects while staking ALPHA.
⚠️ NOTE: Stakers don’t need to stake for the full 5 months to get PSTAKE tokens or 17 months to get GF token. By staking ALPHA, you will get PSTAKE, GF and other upcoming Alpha Launchpad tokens that launch during the time you stake.
However, we recommend that you stake as early as possible. Why? Find out here.
Details & Example of How PSTAKE and GF Token Distribution to Alpha Stakers Works
Is there a minimum number of ALPHA tokens you need to stake to get Alpha Launchpad project tokens?
No, you can stake any number of ALPHA tokens.
Is there a minimum amount of time you need to stake ALPHA tokens to get Alpha Launchpad project tokens?
No, there is no minimum amount of time as well, but do note that the unstaking period is 30 days.
What are the factors that impact how many Alpha Launchpad project tokens each ALPHA staker gets?
Factor 1: Number of ALPHA staked. The more ALPHA you stake, the more BETA tokens you will receive.
Factor 2: Length of time that you stake. We are incorporating the time element by applying a Multiplier Mechanism.
How the Multiplier Mechanism Works
Let’s say you stake 100 ALPHA on (or before) Jan 28th, 8am UTC. These 100 ALPHA will begin at 1x right away.
30 days have passed
- These 100 ALPHA will be multiplied by 1.44x, and our system will acknowledge that you have staked 144 ALPHA.
60 days have passed since Jan 28th, 8am UTC (when you first staked)
- These 100 ALPHA will be multiplied by 2.08x, and our system will acknowledge that you have staked 208 ALPHA.
90 days have passed since Jan 28th, 8am UTC (when you first staked)
- These 100 ALPHA will be multiplied by 3x, and our system will acknowledge that you have staked 300 ALPHA.
The maximum multiplier variable for each ALPHA staker is 3x.
On a high level, this means that if you stake on March 28th, you will get less allocation than others who staked since Jan 28th (assuming same amount of ALPHA), because their multiplier for ALPHA would've already started and yield them more.
Likewise, if you withdraw ALPHA before the 5-month distribution period of PSTAKE or 17-month distribution period of GF ends, then a part of your future allocation will be allocated to those who are still staking. Why is this?
- This is because the total number of PSTAKE and GF remains the same, while the number of ALPHA staked decreases (because of withdrawal).
- Those that continue to stake will have their multiplier variable increased, therefore they will get more PSTAKE and GF tokens.
See the calculation example below.
Example: Alex stakes 100 ALPHA on or before Jan 28th and doesn’t withdraw. Bob stakes 100 ALPHA on Feb 27th (30 days after) and stakes for only 30 days (withdraws on March 29th).
Assume Alex and Bob are the only stakers and 10M PSTAKE are distributed to ALPHA stakers per month.
- Alex gets 10M PSTAKE.
- 100 ALPHA staked by Alex is multiplied by 1.44x at the start of month 2.
- 100 ALPHA staked by Bob is multiplied by 1x at the start of month 2.
- Alex gets ~5.9M PSTAKE (1.44 / 2.44 * 10M).
- Bob gets ~4.1M PSTAKE (1.00 / 2.44 * 10M).
- Without the Multiplier Mechanism, both Alex and Bob would get 5M of PSTAKE tokens each.
- Alex gets 10M PSTAKE since Bob has already unstaked.
So, to maximize the number of PSTAKE tokens you can get, you should stake ALPHA for the entire 5-month distribution period, starting on Jan 28th, 8am UTC.
Alpha Launchpad only selects the best, high-quality projects in the blockchain ecosystem to incubate for our ALPHA stakers to own. With Alpha Tokenomics and its Multiplier Mechnism, stakers can be sure that they’ll receive a fair share of the projects’ tokens/protocol fees.
Stake ALPHA now and be ready for the biggest dual token allocation event we’ve ever held! This is merely the beginning of the long-term Web3 community we're set to build. Stay tuned to discover what other upcoming projects we have in store for you!
About Alpha Finance Lab
Alpha Finance Lab is a blockchain Lab, and on a mission to build Alpha Universe. Alpha Universe includes the Alpha DeFi ecosystem (Alpha Homora, AlphaX), Alpha Metaverse (Alpha Buy Wall, Provably Rare Gems), and Alpha Launchpad (incubator program).