TVL > 100K
What is AlitaSwap (ALI)?
AlitaSwap (sometimes referred as AlitaFinance) is a decentralized exchange founded in 2021. AlitaSwap is open-source, community-driven and uses Automated Market Makers (AMM) while running on top of the Binance blockchain. ALI is the platform’s token. Its total supply will be distributed to its users and traders of the centralized exchanges that partnered with AlitaSwap. No ALI will go to the team behind the project. The token is used for several different purposes, including membership upgrade fees and NFT buying currency. It is also involved in staking incentives, farming rewards, and affiliate bonus.
Who are the founders of AlitaSwap (ALI)?
Founded in August 2021, the exchange is being developed by a team of 30 professionals with significant experience in the world of cryptocurrency. 12 of them are working directly with blockchain. The company has several partnerships, including the ones with PancakeSwap, CoinGecko, Certik, Nomics.
What makes AlitaSwap (ALI) unique?
The project aims to offer as many financial opportunities as possible to its users. The goal of Alita.Finance is to provide financial freedom with the help of DeFi and blockchain. Apart from decentralized exchange (DeX), it features a lending platform, a play-to-earn NFT gaming portal and a bridge with the word of traditional finances made via strategic partnerships with certain centralized exchanges (CEX). The blockchain-based gaming solutions launchpad is called Initial Game Offering (IGO). The ecosystem will be expanded even further, since the technologies behind it offer a nearly limitless upgradeability. Nevertheless, the platform includes more common means of earning: swaps, liquidity pools, lotteries, a prediction market and staking pools. Yield farms and an affiliate program are also included with the former offering a 6% bonus for referring friends. The transactions are transparent but the users can expect a significant level of anonymity, which increases the overall security of the solution. A buyback & burn program will be used to combat the inflation. There is also an interesting approach to the ALI token distribution. 47.5% of ALI tokens are set aside as incentives for traders on various CEX platforms that partner with AlitaSwap. 23.75% of the total supply is for yield farming, and the rest (23.75%) will go to staking rewards.
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