Monthly Token Burning
As a part of Alpha5’s commitment to the supply management for A5T, it has used 20% of its monthly revenue to burn a total of 129,488 A5T. All 129,488 A5T were bought on the open market at an average rate of 0.4847 USDT. All 129,488 A5T purchased have been burned.
Organic Growth of Open Interest
On April 14, the Aggregated Open Interest of BTC & ETH contracts on the Alpha5 platform hit a record high, reaching the $40 mm mark.
Alpha5 has reached significant levels of Open Interest (OI) in such early stages of its development. This demonstrates the trust and optimism of the traders and institutional trading groups with open positions on the Alpha5 platform. The transaction volume of the platform has also experienced growth on a month-to-month basis. The Alpha5 team is sure that with the improvement of the product, it will continue to set new highs in the future.
A5T LP Staking Pools are Closed
This month A5T holders had one of the greatest staking opportunities in crypto. Up to 1m of A5T had been up for grabs during this activity. By providing liquidity to the A5T/USDC pool on Uniswap via either 30d (1-month pool) or 90d (3-months pool), users caught the opportunity to earn TRIPLE-DIGIT YIELDS
The pools are locked, you had to submit your staking before April 08, 23:59 UTC.
Trade-Mining is LIVE
You can also take part in the currently ongoing Trade-Mining and get rewarded with A5T for your Taker activity on alpha5.io. Being a Taker, you are eligible to get “locked” A5T tokens (pro-rata to how much Taker fees you paid in a given day). Month 3 has now begun. The opportunity is definitely there. 80,221 A5T/day -> quite a big pot of A5T every day. Check the article on how to mine A5T!
The Alpha5 Insights Page on Twitter
A crypto ecosystem is a place where everything takes place and happens very rapidly. There’s a lot of information to check on a daily basis, so it is difficult to find really important data about the current market conditions. The Alpha5 team is well aware of the importance of it. Our team analyzes events in the world of cryptocurrencies, telling you about the most important of them. Follow the Alpha5 Insights page on Twitter!