Aleph (ALEPH)
| Type | Distributed Cloud Service |
|---|---|
| Total supply | Total supply is 500,000,000 ALEPH (originally 1,000,000,000 that got reduced). |
| Website | https://aleph.im/#/ |
Basics
- Based in:
- Founded in:
- Mainnet release:
- From a blog by Avalanche, which Aleph will also support (29-1-2021):
"Aleph.im allows anyone to join its network and participate by providing storage space and computing power. The project is often thought of as a decentralized Amazon Web Services (AWS) or Firebase and a replacement for those functions."
- Aleph.im assures long-term storage via its own decentralized network.
- Not to be confused with Aleph Zero.
History
Token
Launch
Token allocation
From their blog (28-7-2020):
- 50M — Innovation Pool
- 60M — Marketing Pool
- 150M — Company Pool
- 120M — Business Development Pool
- 100M — Incentive Pool
- 20M — NULS Foundation Pool
Utility
- From the website (1-2-2021):
"It is used to pay for storage, computing and synchronisation fees."
Token Details
- From the website (1-2-2021):
"It will eventually be hosted on the network itself with bridges towards underlying chains assets. In the meantime, it is currently hosted on three chains: Ethereum, NEO and NULS."
Technology
- Whitepaper can be found here.
- Code can be viewed here.
Implementations
- Built on: As of 1-2-2021; Ethereum (token), Polkadot, Cosmos, Binance Smart Chain, Solana, Avalanche and NULS (token) and NEO (token).
How it works
"The network uses libp2p and decentralized pubsub (called gossipsub) to distribute the messages and guarantee speed. The hashes of the messages are committed regularly on-chain to ensure maximum, immutable security."
- Uses an off chain P2P network layer with a custom network powered by core channel nodes (24-6-2021).
Staking
- Staking has no cool down periods and has a minimum of 10k ALEPH (24-6-2021).
Liquidity Mining
- Is big on yield farming (30-5-2021):
"We are launching ALEPH-USDC where we allocate 26M ALEPH to the Fusion Pool on Raydium with a distribution of 5% of the circulating token supply rewards in the first month."
Scaling
Interoperability
Other Details
Privacy Method
Compliance
"GDPR compliance is met thanks to a forget function that will be introduced later this year."
Oracle Method
Their Other Projects
DEX
Governance
DAO
Treasury
Upgrades
Roadmap
- Can be found here (24-6-2021).
Audits
- Bug bounty program can be found [insert here].
Bugs/Hacks
- When KuCoin got hacked (28-9-2020), the team acted in a way which hints to centralized powers:
"Aleph was also forced to take drastic measures after the project reported on its blog that 8.5 million ALEPH — about $1.2 million — had been compromised in the breach. The project stated it had reissued tokens on a new smart contract, with the previous address and tokens “rendered obsolete.”"
Usage
Projects that use or built on it
"The network is already used by live projects including a Dropbox-like app, a blogging app, and more."
Competition
Coin Distribution
Pros and Cons
Pros
Cons
- When KuCoin got hacked (28-9-2020), the team acted in a way which hints to centralized powers:
"Aleph was also forced to take drastic measures after the project reported on its blog that 8.5 million ALEPH — about $1.2 million — had been compromised in the breach. The project stated it had reissued tokens on a new smart contract, with the previous address and tokens “rendered obsolete.”"
Team, Funding, Partners, etc.
Team
- Full team can be found here (24-6-2021).
- Jonathan Schemoul; CEO and founder
- Reaper Ran; advisor and co-founder NULS
Funding
Partners
- Has a partnership with the Serum Foundation (28-7-2020).
- Partnered up with Ubisoft to help it with NFT storage (21-12-2021).
(:
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