Introducing $ASCN: Empowering AlphaScan for Decentralized Analytics and Automated Trading

AlphaScan AI
7 min readJul 5, 2023

TL;TR:

Where? Public Sale & Whitelist at https://sale.alphascan.xyz/

When? July 23rd — July 28th

In just four months, AlphaScan went from an idea to use data to improve our own trading to a rapidly growing community, tens of thousands of users on the waitlist and as beta testers, and a tool that is very quickly becoming a staple presence in the web3 space.

What you’ve seen so far, however, is just a sliver of what’s in the pipeline. AlphaScan will be a fully decentralized platform enabling you to trade with one click using our analytics signals.

Mark your calendars because we are excited to announce that our public sale will take place from July 23 (10pm UTC) — July 28 (10pm UTC). This is an opportunity for you to join us in shaping the future of decentralized analytics-based bot trading.

To date, 6% of the token allocation has been used for a small private sale round which concluded end of June.

Background on AlphaScan

If you’re new to AlphaScan, here’s a quick overview. AlphaScan is a decentralized analytics-based bot trading platform that enables you to separate signal from noise within seconds instead of hours, allowing you to set up automated trading strategies based on these signals. Our primary sources of signal are social sentiment, particularly Twitter, and on-chain data (on-chain data in a few months). This is coupled with a set of automation bots (in the coming weeks), most notably our Telegram trading bot which allows you to either manually or automatically buy and sell tokens based on the signals you receive from AlphaScan.

A Fully Doxxed Team

We strongly believe in transparency which is why our team is doxxed. We’re a team of serial founders. You can find detailed information on the team here.

Background on the $ASCN Token

We started AlphaScan just as a concept to auto-trade based on aggregate data. Given how the market is moving, it has become obvious that there is a need to decentralize such a solution though to avoid similar pitfalls seen in recent times.

To ensure a truly decentralized solution and prioritize our community, we are introducing the $ASCN token. This token will be the driving force behind the AlphaScan platform, providing numerous benefits to token holders, including:

  • Revenue distribution: As part of our commitment to community-driven success, part of the profits will be used to support the token holders and ecosystem.
  • Tiered fee discounts: Token stakers receive exclusive discounts on trading fees based on their token holdings.
  • Staking rewards: By locking their tokens, holders can earn staking rewards

For more information about the benefits associated with the $ASCN token, please refer to our detailed documentation. We are also releasing further posts in the coming days specifically on staking.

Details on the Public Sale

The public sale will be conducted July 23 (10pm UTC) — July 28 (10pm UTC) here. For the first 24 hours, the raise will be open to whitelisted wallets. After that, the sale will open to everyone until the allocation is filled or the time is up.

The soft cap for the raise is $1M, the hard cap is $2.4M. Token price will be $0.15. It’s worth noting that we will not employ a price-finding mechanism once the hard cap is reached. We believe that uncapped raises with prolonged price-finding mechanisms tend to favor the team and insiders while artificially inflating the market cap and fully diluted valuation (FDV) at launch, which goes against our commitment to benefiting the community. Any unused tokens in the public sale will be burnt.

Benefits of Participating in the Public Sale

Participating in the public sale comes with several advantages. All public sale participants will be earning staking rewards from a special pool which is only available to public sale participants. The tokens can be unstaked any time, there is no hard lock or fee associated with this staking reward. We will be releasing a separate post about our staking mechanism in the coming days. In addition, wallets participating in the public sale will receive a 3 months 50% discount on their trading fees when the bot is released.

To get a whitelist spot, follow this link. During the first 24 hours of the public sale, only whitelisted wallets can participate.

Tokenomics

When designing our token, we prioritized distributing the majority of tokens to the community rather than insiders. To achieve this, we intentionally kept the private sale to a minimum. As per the current design, all of the tokens will be in the hands of the community upon distribution. At full emission, the community will still be the primary recipient of over 70% of all tokens. Furthermore, all private and sale tokens will be locked at token generation event (TGE).

Token Buybacks and Burns

A significant amount of our revenue will be used to regularly buy back and burn tokens for early supporters and current token holders to benefit from participating in our ecosystem. Coupled with a prolonged emission schedule, the goal is to keep the circulating supply relatively steady in the long-term as the two forces (emissions <> buybacks, other distribution measures) counteract each other.

Details on the sale:

  • Total supply: 100,000,000 $ASCN
  • Token price at launch: $0.15
  • Marketcap at launch: $2.8M
  • FDV: $15M

Vesting schedule

All public sale tokens are unlocked at TGE with participating wallets receiving additional benefits as outlined above. Advisors and the team will have a linear vesting over 9 months. Treasury tokens are subject to DAO approval (DAO is currently being set up). The community incentives are designed to vest over roughly two traditional BTC bull market cycles (10 years) to maximize their impact.

The token distribution is as follows:

AlphaScan Tokenomics

Roadmap

Our roadmap consists of four phases:

Phase 1 (complete):

  • Account sentiment analytics
  • Token sentiment analytics
  • Historical sentiment analytics
  • Narratives sentiment analytics

Phase 1b (in progress):

  • Decentralization,
  • Staking
  • V1 tokenomics mechanisms (incl. private/public sales)
  • Token indicators for momentum, new & hot, and more

Phase 2:

  • Telegram bot — analytics
  • Telegram bot — trading
  • Additional improved analytics features
  • Public facing API
  • Initial partnership integrations
  • Sentiment-driven index vaults

Phase 3:

  • On-chain analytics
  • Advanced bot features
  • AI analytics
  • Additional partnership integrations

Phase 4:

  • Continuous improvements of the platform and release of new features. Details to be announced at later stages

In addition, we have several other major features lined up in the coming 12 months which are currently kept private until close to the release date for competitive reasons.

For any questions, you can find us on Discord or Twitter.

Relevant links:

Join the AlphaScan Revolution

The AlphaScan platform, powered by the $ASCN token, is poised to revolutionize decentralized trading. Be a part of this exciting journey by participating in our public sale and experiencing the future of analytics-based bot trading. Together, we will shape a vibrant and profitable community in the web3 space.

Disclaimer

AlphaScan is operated by AlphaScan Ltd., a British Virgin Islands limited company. AlphaScan is an analytics-based information provider. This material is being provided by for general informational purposes only. Views or opinions expressed herein may not reflect those of AlphaScan as a whole and may change without prior notice. Nothing in this material constitutes investment, portfolio management, legal, accounting or tax advice, advice on trading techniques, models, algorithms, or any other schemes, or a recommendation to buy, sell or hold any digital tokens or other digital assets. No recommendation or advice is being given as to whether any digital asset is suitable for you. No solicitation or offer of any digital asset or financial promotion of any kind is being made. You should not trade in digital assets unless you understand the associated risks. This material contains forward-looking statements — statements that relate to future events or future performance — which are only projections, opinions and hypotheticals about possible future events, conditions, outcomes and results. Actual events or results may differ materially.

AlphaScan Protocol, Token (ASCN), and Trading Bot are not available to digital wallets located in, established in, or a resident of Panama, Myanmar (Burma), Cote D’Ivoire (Ivory Coast), Cuba, Crimea and Sevastopol, Democratic Republic of Congo, Iran, Iraq, Libya, Mali, Nicaragua, Democratic People’s Republic of Korea aka North Korea, Somalia, Sudan, Syria, the United States of America, Yemen, Zimbabwe, the Russia or any other state, country or region that is subject to sanctions enforced by the United States, the United Kingdom or the European Union. You must not use any software or networking techniques, including use of a Virtual Private Network (VPN) to circumvent this prohibition. See our Terms of Service for Details.

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