Alpha Arcade is gearing up for its fourth and final $ALPHA token sale tranche, starting Thursday at 1 p.m. PST. This comes amidst growing anticipation as trading fees on the platform will directly reward $ALPHA holders.
The sale offers 50 million $ALPHA tokens at $ via Myth Finance. Notably, 100% of trading fees will be shared with $ALPHA holders in $USDC every 2-4 days or utilized to buy and burn $ALPHA tokens, shrinking the total supply. Currently, the platform eyes breaking a total volume of $1 million by the end of May. It's now at $877,000.
Discussions highlight a mix of excitement and skepticism among participants:
One user expressed curiosity about the speed of token sales, noting, "The last 30M of the last tranche sold out in 2; I wonder how long it will take to sell this batch of 50M."
Others raised concerns about potential sell-offs, with one asking, "Is there a lock-in period for buyers? My worry is the sell-off after the last batch."
A user pointed out the current price differential for swaps: "Swap price for Alpha in Pera wallet is currently Algo, which at current price converts to $ Fees not included."
These comments indicate a keen interest in understanding how participation in this sale differs from regular swaps, reflecting a broader concern regarding the token's pricing dynamics.
With heightened community engagement, experts foresee a significant increase in trading volume on the Alpha Arcade platform. 100% of trading fees benefiting holders may escalate interest beyond the projected $1 million milestone by month's end.
Moreover, as some users compare this token sale to larger projects like Polymarket, aspirations for future growth appear optimistic. One user noted, "Compare this to Polymarket well into the billions; there's so much room to run here."
๐ 50 million $ALPHA tokens available via Myth Finance
๐ธ 100% of trading fees distributed to holders as $USDC
๐ $ALPHA total volume currently $877K, aiming for $1M by end of month
๐ Sale launches Thursday at 1 p.m. PST
As the final tranche approaches, the buzz reflects significant community backing and potential strategic shifts in crypto investment approaches. Will this last opportunity drive the success anticipated by the community?