Alephium has accomplished a $3.6 million token sale.
Alephium Raises $3.6 Million
Alephium, a simple and efficient sharding-based blockchain, has pre-sold for over $3.6 million of tokens to several major funds and a large number of small buyers, with over 76 contributions in total.
The pre-sale was led by Alphemy Capital, with participation from White Paper Capital and Archery Blockchain. A significant portion of the presale was funded by individuals, with 76% providing less than $50,000 and 91% less than $100,000. Over half of the purchasers have been Swiss residents.
The Alephium blockchain is powered by the unique BlockFlow sharding architecture, based on stateful UTXO transactions. Native single-step cross-shard transactions be sure that Alephium is as environment friendly as a single-chain blockchain whereas spreading the transaction load between nodes.
Alephium’s secure smart contract and novel VM designs leverage a UTXO execution model that can truly be considered as a whole new paradigm in dApps programming that can be ideally used for performance-oriented and secure DeFi.
The Alephium group is at the moment utilizing a modified model of Proof of Work dubbed Proof of Much less Work. PoLW uses a clever combination of physical work and token economics to dynamically adjust the work required to mine new blocks, ensuring a reduced energy footprint compared to classic Nakamoto PoW mining.
Cheng Wang, a co-founder of Alephium, mentioned of the presale:
“After over three years focussed solely on analysis and improvement, we’re proud and humbled by the success of the presale achieved with none advertising and marketing or lively on-line presence. It is rewarding to see the interest raised by our technology, and we are excited to have this presale kick off the expansion of the Alephium blockchain and create the grounds for a broader community.”
Alphemy Capital focuses solely on applied sciences that can represent the basic infrastructure of the worldwide economic system, notably these which safeguard decentralization to the profit and for the sustainable progress of the longer term net ecosystem.
Commenting on Alephium’s sharding process, Alphemy Capital said:
“Blockchain technologies need to address scalability and energy consumption issues to reach mass adoption. Alephium proposes a novel method to sharding and sensible contracts on the Bitcoin know-how stack whereas tackling vitality issues with its Proof of Much less Work algorithm. It is a really promising project in the sharding blockchain domain and we look forward to seeing how it will develop.”
Alephium is the primary operational sharded blockchain bringing versatility, scalability, and vitality effectivity to Bitcoin’s confirmed core applied sciences whereas providing higher efficiency and safe sensible contracts. Alephium also focuses on usability and accessibility, making it the perfect platform to support decentralized applications and open protocols.
