The Internet is undergoing an innovative transformation to become what we call the ‘Internet of Value’, a digital world where economic value has been hardwired right into the framework of our information networks.
Alacrity’s native digital currency the ALA coin is the financial backbone for the entire network. This invaluable resource is utilised for a number of features within the network. Features powered by the ALA coin include voting, block production, app development as well as functioning as the currency of choice for the platform.
The value of this digital coin is set to increase with the growth of the network. As it stands, all new users will require ALA coins to access some of the network’s key features. Coin holders will enjoy privileges such as being able to cast votes, use and develop applications. Additionally users with these coins can use them to create community campaigns, nominate block producers and transact with various applications.
Essentially, the growth in value for the ALA coin is intertwined with the success of Alacrity. The more users the network acquires, the higher the demand for its native currency…
The ALA User
As a user of the Alacrity Network you earn new coins by voting on network campaigns. Voting requires you to first be in possession of ALA coins, thereafter you can register them for voting by staking. Whenever you do so, you become eligible for earning the voting reward. In this structure, users can enjoy monthly ALA coins, deposited directly into their wallet from the yearly total.
ALA and the Developer
As a developer, you are eligible to earn ALA coins. When you build an application on the Alacrity, the network keeps track of your application’s success in comparison to other apps on the platform and awards you monthly ALA coins into your wallet. Essentially, as long as your app is in use, you will remain eligible for your monthly coins.
In this network designed for inclusivity, these coins are the fuel that keeps the network running. Crafted to be more than just fuel, the ALA will make its way to you – the community, ensuring we all benefit and own a piece of it.
NODES and ALA Rewards
As a NODE you will receive a constant distribution of ALA coins for the hard work of maintaining the security and decentralisation of the network. You will have to stake a substantial amount of ALA to earn the right to run a node. This benefits all members of the network as it aligns all participants incentives.
As a community, all users gain the ability to wield the “Community Fund”, a substantial fund of ALA that the network can vote on how to use. The Community Fund is constantly being replenished by the block reward and will drive future development of the network- in the users interest!
The user is at the centre of the Alacrity Network, every aspect has been designed to ensure that users make all key decisions and that voting and decision making is democratised.
