Alvara ($ALVA) is the author of ERC7621, a “basket of tokens” standard (or, BTS) that is designed for decentralized asset management, with built-in features that create meritocratic, tokenized, on-chain investment collectives.
“Put simply, Alvara will enable the creation and management of tokenized investment funds.”
With a low-barrier investment of 1 ETH, payable in any currency, I am extremely excited to see this project come to fruition.
Features for decentralized asset management include:
- Ownership rights and control
- Fee setting and revenue sharing designations
- Giving fund deployers the ability to initiate DAOs
The Alvara DAO will use the veALVA token for governance. With the ability to nominate the balance of their fund every 7 days, the DAO can distribute ALVA rewards to the most popular and successful funds.
The protocol will consist of the following pillars:
- BTS Factory
- The Leaderboard - auto-ranked every 7 days
- Alvara DAO
- HiveX, Alvara’s orderbook DEX
- BTS Marketplace
Alvara is also a leading project building on Coinweb Technology to implement cross-chain infrastructure, scalability and maintain the highest standards for blockchain security as is inherited from the Coinweb tech stack. With this, Alvara will can live on Ethereum yet be entirely chain agnostic.
The Alvara Protocol is live on testnet today and you can use their dApp to create an ERC-7621 Basket Token Standard in minutes. Show Less
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