Alvara Protocol Raises $2.4M in Lightning Public Round

New York, NY, March 19, 2024 - (PlatoAi via 500NewsWire) -- Alvara Protocol is looking set to play a substantial role in redefining how the world invests. Their groundbreaking infrastructure, that is set to be an industry first, leverages the ERC-7621 (BTS or Basket Token Standard) to facilitate the creation of fully decentralized tokenized cryptocurrency investment funds. Now, anyone can now become a fund manager with ease.

The responsibility for managing funds is something that has long been gatekept. Reserved for institutions or those already financially established. This is no longer the case. Alvara are poised to empower the next generation of fund managers and play a crucial role in transforming the investment landscape forever. The potential here is limitless from a scalability perspective, especially with many in the financial industry voicing their support for the idea of the tokenization of real world assets for example. This is something that can now be very easily facilitated with Alvara.

Their launchpad partner, Tenset, has a strong history and reputation for successful public raises and launches, including Fame MMA, Farcana, Everdome, Metahero. Their public raise with Fame MMA successfully raised 24,547 BNB, with price appreciating 30000%. Other notable launches include Alaska Goldrush, raising 9,224 BNB and achieving an appreciation in price 800% after launch and Satoshi Island, raising 35,362 BNB and 2,000% in price appreciation.

The Alvara Public Round successfully sold out raising 2.4M in 24 hours with the second FCFS round selling out rapidly in just 3 minutes and 59 seconds.

With a range of partnerships already in place and no doubt many more on the way, eyes will be firmly fixated on Alvara’s platform demo release, launching on the 4th of April 2024.

It’s still early but things are already shaping up to be very promising for Alvara. With a strong and experienced team at the helm, Alvara are on track to generate some serious momentum. With their introduction and implementation of the new ERC-7621 standard, they are impressively positioned to carry out their mission of playing an integral role in shaping the future of decentralized finance.

About Alvara Protocol

The Alvara Protocol is a decentralized platform that utilizes the ERC-7621 (Basket Token Standard) to create and manage funds on the blockchain. Alvara offers a comprehensive fund Factory and Marketplace, with a transparent leaderboard showcasing the performance of every BTS created. ALVA and veALVA tokens assume crucial roles in driving the ecosystem’s growth and governance with veALVA holders wielding significant influence over the substantial ALVA reward stream. Removing traditional barriers, Alvara fosters a democratic meritocracy in crypto investing, enabling full lifecycle fund management, from creation to ownership transfer, within its seamless framework.

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About Tenset

Tenset is an Ethereum blockchain-based project built to connect the traditional and cryptocurrency market. The project’s native token is 10SET is a deflationary coin that uses a smart staking system. The Tenset Gem Launchpad Platform is an exclusive launchpad that enables 10SET token holders to invest in projects with huge potential at the presale. Tenset users get the unique opportunity to participate in early stage Gems by locking 10SET tokens or purchasing a NFT. Tenset empowers the most promising projects with tech support, marketing, and attention of an active community. Metahero, the inaugural Gem on the Tenset Gem Launch Platform, experienced a remarkable growth of 170 times in its initial months. Following this success, other projects in the program also achieved significant accomplishments.

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Contact Details

Bryan Feinberg, CEO

+1 551-574-2169