Alphr Launch Update

Namaste everyone,

Firstly we’d like to apologise for the very underwhelming launch. The early alpha was significantly below our standards and we’d like to briefly describe why and more importantly what the next steps are:

What went wrong?

Our team is composed of 6 core team members and 6 from a development company. This development company was responsible for the majority of the front end as well as rewards calculations. Further to this they were Q&A testing and providing feedback that everything was working and ready for launch. The company is an experienced and well known development house in the crypto space, though due to the bull run they have taken on too many projects and seemingly were not able to cope with the workload, resulting in subpar work. We’ve now parted ways with this company and the core team are resolving all the current issues.

The front end is showing crazy numbers for trades that make no sense, but this data is clean and structured on the backend. The rewards calculations are way off; even if you remove your liquidity you continue to receive rewards as if you are still farming.

We take full responsibility for this and as a result have made the decision to move all development in house. In the last few days we have hired new developers that we’ve worked with in the past, though we are still looking for a front end developer and a dev ops engineer. If interested, message me on telegram @alphrananda.

Next steps:

LP Rewards

LP reward pay-outs are being paused until Monday, June 7, to solve this issue and prevent abuse of this bug. However, if you are farming you are still accruing rewards, they will just be recalculated with the correct amounts and paid out in one go on Monday. Then paid daily as stated moving forward.

Manual mirror trading

We’re updating the UI of each wallet’s profile to make this information easier to absorb, so that users can quickly find who they want to copy. We are moving on implementing this asap with all the correct data.

The manual mirror trading contracts are all working and the fees are being sent to the fee storage contract as expected. The issues are with the UI — actually understanding and finding the best traders — due to the bugs.

We’re aiming to ship a usable version of manual mirror trading by the end of next week.

Here’s the updated UI you can expect:

Once again apologies for the below par launch. We’ve learnt the old adage, if you want something done right do it yourself. The good news is the data coming through for the best traders is very exciting. Traders are regularly making multiple X’s in a day. The team is putting in 14 hr days this weekend and into next week to ship something great.

Swami