Alphadex, an innovative decentralized automated market maker (AMM), cross-chain incubator, yield farming solution and conventional nonfungible token (NFT) launchpad powered by Moonriver and Ethereum, has announced a $3-million round of fundraising from the leading blockchain funds, led by Oddiyana Ventures.
Alphadex combines a series of incentive-driven farms and static pools, and liquidity providers (LP) receive the full transaction trading fees. It also combines some of the best-in-class, battle-tested decentralized applications, such as shadow staking, yield farming and Alphadex’s own unique spin on an NFT launch solution.
ROAR tokenholders and LPs will receive the most attractive staking and farming rewards possible while also receiving the first choice to be whitelisted for top-tier projects via two launchpads, Polkabrigde on Jan. 19, and Ignition on Jan. 21, 2022.
Alphadex is being incubated by Oddiyana Ventures, a futuristic blockchain investment firm with rich experience and widespread networks in the blockchain industry.
The highly experienced Alphadex team predominantly stems from Australia and across Asia, bringing a fresh new approach to the decentralized finance space, coupled with a synergistic passion for the Moonriver and Kusama communities.
Rallying support from some of the biggest names in the industry, such as Moonwhale, Black Edge Capital, DCI, Exnetwork Capital, Wealth Union, Master Ventures, True Capital, TruePNL, BlockMint, Pinnacle, Brotherhood Ventures, as well as influencers Crypto FOMO, Lil Lambo, Trader Lenny, Crypto Daku and many more, Alphadex roared out of the gate, selling out all four rounds within a week. Meanwhile, Investors were impressed by an already functional MVP and static farms. It’s not often you see a project that is already developed and ready to go to market immediately.
The future vision for Alphadex is to develop innovative technology and a cross-chain-driven AMM protocol, which utilizes the best-in-class para-chain — Moonriver — and features Polkadot interoperability in its desired state, to provide a platform suitable for an ever-changing market while continuing to up the ante with attractive rewards for the community.
“It’s quite exciting to see that Alphadex is gradually rising on its feet, and it is now all set to launch its IDO [initial decentralized exchange offering]. Alphadex has received tremendous support from its investors and supporters along its journey as it is one of the early DEX on Moonriver with a cross-chain AMM, incubator, and NFT launchpad. We foresee Alphadex would be like Uniswap for Ethereum, PancakeSwap for Binance Smart Chain and Trader Joe for Avalanche. Parachains and the Polkadot ecosystem are only getting started, and it’s going to greatly contribute towards the overall growth,” said Fabian Van Doesburg, partner at Oddiyana Ventures
“In a market fixated by games and the metaverse, it seemed a risky move, but one the Alphadex team was willing to take. As staunch devotees of Moonriver on the Kusama parachain, the project centers around a robust self-governance ecosystem, offering impressive rewards for LPs and market creators alike. We are excited to share our vision and looking forward to a great journey,” said Daniel Gibbs, founder of Alphadex.
Alphadex is the ultimate cross-chain AMM, incubator and NFT launchpad powered by Moonriver. Alphadex is partnered with the best-in-class technologies to help provide an unparalleled safe-trading protocol and user experience. It aims to provide the most accurate up-to-date pricing methodologies with a world-class oracle. Its native token is ROAR, and it has a total supply of 120 million.
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