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Alvara Protocol ALVA
ALVA
0.3753
$
7.97 %
Change 24h
Market Cap
$ 11,133,116
Volume 24h
$ 715,792
Circulating Supply
29,499,171
Total Supply
200,000,000
ALVA
$
Description
Alvara Protocol has created the ERC-7621 (Basket Token Standard) and BTS Factory, which enables anyone to create their own tokenized multi-asset fund and become a fund manager. All created BTS funds are displayed on a fully public leaderboard where other investors can track all performance metrics and choose to contribute to the fund. The more other investors contribute to the fund, the more management fees the fund manager makes. The fund manager holds the rights to create proposals for changes around the fund and other investors can use their BTS LP tokens to vote on these proposals, creating a true meritocratic democracy within fund management.