Our Tokens — Your Virtual Companions in the ALAX App Store
We are ALAX — a Mobile Game Distribution Platform, based on blockchain technology, which is set to transform the gaming industry around the world. ALAX is a joint venture between blockchain technology company DECENT and game distribution platform Dragonfly. It aims to provide a platform for content creators and gamers alike, including ‘unbanked’ consumers in emerging markets. The ALAX partnership means DECENT’s proprietary blockchain technology will have potential to reach out to Dragonfly’s 100 million active users.
Let’s start by introducing our tokens and their functions. Our platform will function on two tokens — ALA and ALX. Why two tokens?
“Well, this choice was quite easy for us, since we wanted to be fair towards both the developer and the end user. By having two tokens we are providing a fixed value, meaning the developer gets the amount that the end user paid for the content. Therefore both sides are mutually satisfied.“ said Matej Michalko, Co-founder of ALAX.
The ALA Token — The fuel for the App store
It’s easy to distinguish the two tokens apart. ALA functions as a non-volatile utility token whose value is pegged to FIAT and will be used exclusively in the ALAX app store. When we say it’s a utility token, it means that it is made for a specific use.
It will be used for obtaining games, apps and in-app purchases and cannot be used outside the ALAX store. It’s a non-volatile token, which means that as a regular end-user you don’t have to worry about ALA losing its value because it is pegged to FIAT, which ensures that the value remains consistent.
Our aim is to make the platform easily accessible to everyone, so we made ALA easier for unbanked people to obtain using a reseller network of brick and mortar stores, and mobile operators. But that’s not all, if you use our internal one way ALX/ALA exchange to obtain ALA you’ll get a 20% discount.
There is an unlimited supply of ALA tokens, which are only burned when the developer requests a pay-out. The pay-out process works like this: The developer asks ALAX to be paid out in FIAT in exchange for ALA tokens. The developer is paid out and subsequently, all the used ALA tokens are burned by ALAX which ensures transparency.
The ALX Token — Generated by the TGE
In contrast with ALA, the ALX token is designed to be tradable, and it will be available on public exchanges. The value of the ALX token will be determined by the movements on the public market. Simply said, the higher number of users in the ALAX store implies bigger demand for ALX. There will be a limited supply of ALX and these tokens will never be burned.
ALX tokens will be generated during our Token Generation Event (TGE) which is planned for the 17th of April 2018 and lasts 6 days. Concerning the maximum or minimum contribution which can be made, there is no limit set. The TGE itself is an opportunity for our fans and supporters alike to obtain ALX tokens before they hit any major exchange. In case not all ALX tokens are generated during the TGE, they will be distributed to all TGE participants according to their stakes.
If you want to know more about our private TGE and join in, please visit our webpage and contact us. We will contact you with the terms and conditions. Private TGE will be available for 500 plus ETH.
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