Introducing Aloha DeFi: Public Sale
During its nearly three year lifespan, Aloha has achieved a lot, rising from a mere concept to a working, scalable platform. But the crypto space never rests, and neither can we, as every year produces a new opportunity to democratise services.
For Aloha, the world’s first decentralised peer-to-peer Wi-Fi hotspot and data-sharing platform, that means bringing the opportunities of NFTs to its thousands of users. Coupled with the feature to earn money and rewards from sharing bandwidth, we believe that users stand to benefit from a truly unique opportunity.
The DeFi market is taking the world by storm, and rightly so. It is spearheading a financial revolution that is eliminating the financial disparity that exists in the world. The public is also beginning to see this, as clearly proven by the over $58 billion locked into the market.
And with that, we would like to introduce the Aloha DeFi Public Sale. Why a public token sale, you ask? This is a one of a kind moment, both for the community and us. Those who have been inside the market for some time, will know the benefits of running a fully decentralised DApp — but for those who are new, read on for further details.
Decentralising Internet Access, and Making Value with NFTs
For those unfamiliar, Aloha is a decentralised platform where users can share bandwidth and, in return, receive payment in Aloha. These can then be redeemed at an online store, held, or traded. It requires minimal effort on the part of users to begin using the app, which is an intentional design principle that we think works to Aloha’s advantage.
In short, the Aloha app — which is available on both Android and iOS — allows users to earn Aloha Bucks (after development and testing is finished), which can be spent within the Aloha marketplace and local stores. Due to COVID-19, we were unable to launch the Aloha 4 Business and the rewards system. We hope to launch these by May 2021.
Our overall mission to make internet access more readily available to everyone, but with the advent of new technologies, there is still a lot more to do. Three years have given us plenty of time to develop an app, but the pace of crypto innovation ensures that we’re always on our toes.
Connecting the world’s first decentralised peer-to-peer Wi-Fi hotspot with DeFi is a strong approach that stays true to the vision of being a community-driven project. We will achieve this through various opportunities for the community to get involved, such as fee sharing, having a treasury, and a Governance system in place in order for the token holders to decide on Aloha DeFi’s Future.
Aloha Venturing into DeFi
We want this to be a user-driven project, and what better way than by connecting with the DeFi world? Aloha DeFi will introduce an NFT Staking platform where you can earn your NFT’s by staking your Aloha, then voting with them in governance depending on the rarity.
The NFT is at the heart of Aloha DeFi. Users who hold NFTs will be able to govern, stake, and have access to exclusive perks. In terms of governance, depending on the rarity of the NFT, users can hold between 1 to 50 votes in the governance pool. NFT holders can also earn transaction fees by simply holding it. See next section for details.
In order to obtain an NFT, users will have to stake their Aloha for a definite period of time. The amount of time determines the rarity of the NFT obtained.
- Staking 30,000 Aloha for ten days nets you a rare NFT.
- 90,000 ALOHA for 14 days nets you an ultra-rare NFT.
- And staking 200,000 ALOHA nets you an exclusive VIP NFT.
We also plan to partner with other projects so that users can stake ALOHA to earn exclusive NFTs associated with the specific project.
At first, our Aloha Wi-Fi app and Aloha DeFi will be separate experiences. As explained further below, we will integrate the two in the months to come, ensuring seamless interaction between all services.
Details of the Aloha DeFi Public Sale
The Aloha DeFi public sale will begin on February 21, with the Uniswap listing to follow one week later on February 28.
The minimum investment value will be 0.1 ETH, which will net you 2000 Aloha. We have placed a hard cap of 999 ETH, and a soft cap of 333 ETH. We believe this is sufficient for the upcoming Aloha DApp to begin its development operations and expand to a larger user base.
By holding the token, users will hold value with the NFTs, governance participation, exclusive opportunity, and pools, and we foresee this as being another yet way to appeal to a wider user base.
Of course, there will be funds locked into the Treasury, and the governance community will be in charge of how the funds are disbursed. For every transaction on Aloha, 3% of the fee will be allocated towards the Treasury — marketing, development, and operations — and NFT holders.
70% of that fee will go towards the Treasury, 20% towards marketing, development and operations, and the remainder distributed to NFT holders.
Besides incentivising the holding of NFTs, we think that this model will promote healthy, robust interaction between the various stakeholders and systems on the Aloha platform.
The Aloha Roadmap
There are a busy few weeks ahead, what with all of the features we have lined up for 2021. Right after our public sale and listing on Uniswap, we will focus on launching the NFT staking platform and implementing a governance system. This will, of course, be accompanied by development on the Wi-Fi app, marketing campaigns, and an expansion of partnership pools.
But development will really kick off in Q2 and Q3. During Q2, users will be able to begin staking their NFTs on the platform to earn rewards, and around the same time, we will begin discussions with major centralised exchanges for listing. In tandem with our technical development and marketing efforts, we expect Aloha to reach a much wider audience during this period.
Q3 is when the whole system will come together, with Aloha Wi-Fi and Aloha DeFi being bridged. The micro DEX that we hope to release around this time will let users trade Aloha Bucks for Aloha tokens. With the easier conversion, a seamless experience between features, and Tier 1 exchange listing, Aloha will be set for expansion in Q4.
And Q4 will focus precisely on that — expansion across the UK. This may also include corporate partnerships and Aloha 4 Business. Lastly, the last quarter of the year will also see us develop an extensive DEX with optimised features, all integrated within the Aloha Ecosystem.
Handing Users the Reins to Internet Access
Our excitement about the public sale can hardly be expressed enough. We feel that we are on the cusp of offering something with great potential, all to the benefit of the stakeholders in the platform. Bandwidth sharing and network coverage are two untapped use cases that have demonstrably positive effects on society.
We see the public sale as a chance to involve people more closely with our vision of making internet access more commonplace. With more incentives, democratic participation, and ways of redeeming earnings, the Aloha DApp can become a hub for people to simultaneously help each other whilst earning.
And with what the future has in store, including market expansion and a DEX, there is plenty of reason to get more excited about Aloha. We hope you’ll be there with us when that journey begins on February 21.
For more information on Aloha DeFi, visit our website, read our blog or follow us on Twitter or Telegram. Or why not get started today by downloading the Aloha app on Android or iOS?
