AlfaToken, a service enabling startups and innovative entrepreneurs to create their own ICO tokens and smart contracts without coding skills, is gearing about to conduct its Initial Token Offering with the help of ICOBox, the world’s leading provider of ICO solutions. AlfaToken plans to offer services in 14 smart contract areas, from initial coin offerings and real estate rentals, lending and insurance, to business process management, smart homes and property transfers.
Founded in 2017, AlfaToken identified a gap in the ICO market where initial coin offerings are forecast to rise from 43 in 2016 to 537 in 2017, according to coinmarketcap.com. In particular, the company perceived an opportunity for its Ethereum smart contracts in the real estate rentals market, worth $2.8 billion (Airbnb forecasts), in the peer-to-peer lending market (including mortgages), worth up to $180 billion according to Business Insider, and also the insurance market valued at $4.5 trillion according to a 2016 report by the Institute of International Finance.
AlfaToken simplifies the ICO process by enabling users to issue tokens and create smart contracts for an ICO presale or ICO on its Ethereum blockchain without employing a blockchain developer or having to download software. The company’s team is developing the web-based user interface and a set of secure smart contracts for the users to choose from. In Q3 2018, it also intends to offer a service to automate the distribution of tokens among token buyers for payments in different cryptocurrencies (for example, Waves, Ethereum, NEM, BlockCat).
The platform delivers enhanced security at a time when computer hacking is rife, as the company’s Ethereum smart contracts are created using the most advanced version of Solidity programming language in existence. Execution of contracts on the platform requires ALFA validation tokens, which will also be used to access (pay) for AlfaToken’s service. The company has established flat rates for the creation of smart contracts on the platform.
Transferable ERC-20 compliant digital ALFA token underpin the AlfaToken platform and are used not only for the creation and management of the smart contract process, but also for the validation of user interactions, which will enable them to buy, execute or barter for other smart contracts. In the words of AlfaToken founder and CEO Denis Farnosov, “Users will have the option of smart contracts on multiple blockchains, such as Bitcoin, Blockcat, NEM and Waves, integrated with the AlfaToken platform. We believe that the service we are working on is quite unique, and are hopeful that the ICO we are getting ready to conduct with ICOBox’s support will help us finalize the product development and connect with the ultimate community of our users and backers.”
“This project has real potential,” comments ICOBox Co-founder Nick Evdokimov. “It is great to see AlfaToken offering new entrepreneurs the opportunity to develop and build their businesses, without needing software engineering skills. We are happy to support AlfaToken in their exciting endeavor and expect that the market will share our enthusiasm about their service.”
The public ICO will begin on January 22, 2018, and will run until April 22, 2018, or until the tokens sell out. In total, 3.5 million ALFA tokens will be created, with 70 percent set aside for the ICO. The base price is 1 ETH for 500 ALFA tokens. All unsold tokens will be burned. In the future, ALFA tokens may be listed on cryptocurrency exchanges.
Meet the Team
AlfaToken was founded in 2017 by CEO Denis Farnosov, Andrew Ivashin, Rafael Melik-Ovsepyan and Albert Ibragimov. Denis Farnosov is a serial entrepreneur with over 10 years experience in high tech (Myrealtoken, BIGROI Investment Company, BIGROI Progamming Academy www.bigroi.by). Holding a Master’s degree in management and economics, Denis graduated cum laude from the Faculty of International Relations, Belarusian State University. He is fluent in two foreign languages (English and French). Fields of interest; blockchain technology and financial markets.
Andrew Ivashin is AlfaToken Business Development Director. A successful entrepreneur, Andrew has seven years of management experience at international companies. He has a degree in economics and is fluent in English. Fields of interest; project management and blockchain technology.
Rafael Melik-Ovsepyan is AlfaToken Chief Technical Officer. He has worked for major Russian and international companies (Rambler, Red Square, Iricom, FreshTunes) and is an expert in IT management, IT strategy development and implementation, and IT budget planning and optimization. Rafael holds a Master’s degree in economics from the Russian Presidential Academy of National Economy and Public Administration. He also graduated from the National Research University of Electronic Technology as a software engineer.
Albert Ibragimov is a leading blockchain developer. A full-stack developer, he is the team lead with over 10 years of experience at major international companies (Norilsk Nickel, Kaspersky Lab, etc.).
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