Alpha Shares(Old): Alpha Shares MP Whitepaper
The Alpha Shares(Old) whitepaper was published by the Alpha Shares core team in 2020, aiming to address pain points in traditional financial markets regarding asset liquidity, transparency, and access barriers, and to explore new paradigms for digital assets as blockchain technology matures.
The theme of the Alpha Shares(Old) whitepaper is “Alpha Shares: Building a Decentralized Equity Tokenization and Community Governance Platform.” What makes Alpha Shares(Old) unique is its proposal of a smart contract-based equity tokenization standard, and the implementation of community-driven asset management and decision-making through on-chain governance mechanisms; the significance of Alpha Shares(Old) lies in providing an innovative solution for the digital issuance, trading, and governance of real-world assets, significantly lowering the participation threshold for traditional equity investment.
The original intention of Alpha Shares(Old) was to build a fairer, more transparent, and more efficient digital asset circulation and governance ecosystem. The core viewpoint expressed in the Alpha Shares(Old) whitepaper is: by tokenizing real-world assets and combining decentralized governance mechanisms, it is possible to balance asset liquidity, transparency, and community participation, thereby achieving democratization and efficient circulation of asset value.
Alpha Shares(Old) whitepaper summary
Alpha Shares(Old) Project Introduction
Friends, today let’s talk about a blockchain project called Alpha Shares(Old). However, before we dive in, there’s a very important piece of information to share: according to the information we’ve gathered so far, the Alpha Shares(Old) project has been permanently shut down. Its marketplace platform and the related Momentum project will not resume operations. Currently, the team is handling asset liquidation in Paraguay. Holders of AMC, AMCR, and Momentum Singularities and other related digital assets will be able to claim their share of the liquidation proceeds through a new website in the future.
So, what was Alpha Shares(Old) all about?
What is Alpha Shares(Old)
Alpha Shares(Old) was a blockchain technology company mainly focused on decentralizing the utility of its DeFi (Decentralized Finance) applications to benefit all holders. You can think of it as a “shared farm” in the digital world, aiming to use blockchain technology to let everyone participate in certain financial activities.
The project’s initial product was the AlphaShare Marketplace, an NFT (Non-Fungible Token) marketplace. NFTs are unique digital collectibles, like a digital artwork or a game item. The special feature of AlphaShare Marketplace was that users holding their NFTs could earn additional rewards based on marketplace trading volume. In addition, they issued their own native token $ALPHA and provided a single-sided staking pool, allowing users to earn yields by staking tokens.
Beyond the NFT marketplace and DeFi applications, Alpha Shares(Old) also ventured into Bitcoin mining. They once deployed mining machines in Paraguay, leveraging local hydropower for Bitcoin mining, and planned to let users participate in Bitcoin mining at a lower cost through NFTs.
Project Vision and Value Proposition (Discontinued)
Alpha Shares(Old)’s vision was to pave the way for financial evolution through decentralization, security, and scalability, creating a more transparent and inclusive financial future. Their initial goal was to build a truly passive income protocol, avoiding the “Ponzi economics” structures seen in DeFi at the time, and emphasizing value creation rather than simple wealth transfer. They hoped to provide users with ongoing returns through their platform and NFTs.
Technical Features (Discontinued)
According to available information, Alpha Shares(Old)’s NFT marketplace was originally built on Avalanche and planned to expand to other EVM (Ethereum Virtual Machine) compatible chains, and even Solana. Avalanche is a high-performance blockchain platform known for its fast transaction speeds and low fees. EVM-compatible chains are those that can run Ethereum smart contracts, making it easier for projects to migrate and expand across different chains.
Tokenomics (Discontinued)
Alpha Shares(Old)’s native token was $ALPHA. Initially, it was a reflection token on the AVAX (Avalanche’s native token) blockchain, accumulating funds by charging an 18% tax on buys, sells, and transfers, and distributing rewards to holders. This mechanism aimed to build a treasury for constructing a passive income protocol. Later, the project underwent a token migration and added USDC (a stablecoin) minting functionality.
The token’s main uses included: trading on AlphaShare Marketplace, staking for yields, and potentially linking to the Bitcoin mining business.
Team, Governance, and Funding (Discontinued)
There is little specific information about the team, but it was mentioned that Alpha Shares Marketplace was designed and developed by experienced professionals from the Web2 (traditional internet) sector, with an emphasis on user experience. As for governance mechanisms and funding status, since the project has closed, this information is no longer practically relevant.
Roadmap (Discontinued)
According to historical information, Alpha Shares(Old)’s development included:
- February 19, 2022: Project initially launched as Alpha Nodes on AVAX chain.
- August 2022: Alpha Shares Marketplace launched as an NFT marketplace.
- November 4, 2022: Alpha token migration completed, with USDC minting added.
- November 14, 2022: Announcement of new DeFi division Momentum.
- March 2023: Launch of Alpha Mining Co. Reserve Collection, highlighting crypto mining using Paraguay’s hydropower.
- August 25, 2023: Alpha Shares’ first Bitcoin mining container went live in Paraguay, with 252 overclocked miners.
- August 11, 2024: First launch project of Momentum successfully released.
- Recent: Alpha Shares project permanently closed, entering liquidation phase.
Common Risk Reminder
Given that the Alpha Shares(Old) project has been permanently closed and is undergoing liquidation, the biggest risk is the recovery of its assets. For former token and NFT holders, whether and how much can be recovered from the liquidation proceeds is highly uncertain.
Not Investment Advice: Once again, the above information is only an introduction to the Alpha Shares(Old) project and does not constitute any investment advice. In the crypto space, project closures and asset liquidations are not uncommon, and investment risks are extremely high. Please remain vigilant, think independently, and take responsibility for your own investment decisions.
Verification Checklist
Since the project is closed, original blockchain explorer contract addresses, GitHub activity, and other information are no longer indicators for assessing project activity or future potential. The most important thing now is to follow official announcements from the project team about liquidation progress on Discord or X/Twitter.
Project Summary
Alpha Shares(Old) was a blockchain project that attempted to combine an NFT marketplace, DeFi applications, and Bitcoin mining, aiming to provide users with passive income and a decentralized financial experience. However, the project is now permanently closed and undergoing asset liquidation. This reminds us that in the fast-evolving blockchain world, project lifecycles can be short and risks are everywhere. For any blockchain project, thorough research and understanding of its operating model and potential risks are essential.
For more details, users should research the latest liquidation progress updates posted by the project team on social media.