Weekly report # 12 special bear market edition

Namaste,

Finally by the grace of Shiva the destroyer some sense has prevailed in the market, we can now wash out the tourists, meme coins, quick money grabbers and be cleansed.

Bear markets are where builders shine. Most of our core team were working on projects through the depths of the 2018 winter so we come to winter well prepared.

Here’s why we think this period will be an outstanding opportunity for Alphr:

• Projects with a real use case do well in bear markets.
• People will be looking for any alpha they can find during a ‘bera’ market.
• DeFi and productive assets will do well during a bear market.
• Double asset farming with payouts in ETH will be particularly attractive vs native token farms during the bear market.
• It’s much easier to attract mindshare/attention during a bear market as there is less doggy coin noise.
• It’s much easier to attract talented developers during a bear market as they can’t just go and raise $3m for a medium article.
• We’re nearly ready for a big bang launch with heavy marketing. The market conditions have got us excited so we’ll be doubling down on our efforts in preparation for the end of next month.

I wanted to calm some nerves with this week’s update by giving extra detail, so that you have all the information we have and can make an informed decision.

Here’s what the next few weeks are going to like:

This sprint

Endpoint prep for token profile page

New trade box UI (showing price swapped at and current price)

UI optimization for mobile

Vfat Tools integration

Sprint 12 (29 June–13th July)

Token profile page

Sprint 13 (13th — 20th July)

Your wallet

Swap any token to any token

Sprint 14 (20th-27th July)

Explore tokens

Home page with volume and fees

Sprint 15 (27th-3rd Aug)

Protocol usage rewards

ETH double asset farming (daily payouts will commence)

After sprint 15 Alphr will relaunch and move out of alpha and into beta. Protocol usage rewards will be live and being paid out each day, i.e trading on the platform will be incentivized with tokens from this point, this will likely lead to a large uptick in volume.

The increase in volume will result in more ETH rewards being paid out daily to stakers. This will result in staking becoming much more attractive, especially in a bear market. If staking is more attractive the token price will reflect this, making the protocol usage rewards worth more each day, meaning more daily volume, meaning more ETH paid out to stakers daily. So on and so forth you get the idea. The flywheel will begin as soon protocol usage rewards are activated next month.

Don’t be scared anon, if you’re reading this your future is bright.