Aleph (ALEPH)

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## Aleph (ALEPH)

### Total Supply

Total supply is 500,000,000 ALEPH (originally 1,000,000,000 that got reduced).

### Type

Distributed Cloud Service

 Basics

* From a blog by Avalanche, which Aleph will also support (29-1-2021):

*"Aleph.im allows anyone to join its network and participate by providing storage space and computing power. The project is often thought of as a decentralized Amazon Web Services (AWS) or Firebase and a replacement for those functions."*

* Aleph.im assures long-term storage via its own decentralized network.
* Not to be confused with Aleph Zero.

## Token

### Token allocation

From their blog (28-7-2020):

1. 50M — Innovation Pool
2. 60M — Marketing Pool
3. 150M — Company Pool
4. 120M — Business Development Pool
5. 100M — Incentive Pool
6. 20M — NULS Foundation Pool

### Utility

* From the website (1-2-2021):

*"It is used to pay for storage, computing and synchronisation fees."*

### Token Details

* From the website (1-2-2021):

*"It will eventually be hosted on the network itself with bridges towards underlying chains assets. In the meantime, it is currently hosted on three chains: Ethereum, NEO and NULS."*

## Technology

* Whitepaper can be found here.
* Code can be viewed here.

### Implementations

* Built on: As of 1-2-2021; Ethereum (token), Polkadot, Cosmos, Binance Smart Chain, Solana, Avalanche and NULS (token) and NEO (token).

### How it works

* From a blog by Avalanche, which Aleph will also support (29-1-2021):

*"The network uses libp2p and decentralized pubsub (called gossipsub) to distribute the messages and guarantee speed. The hashes of the messages are committed regularly on-chain to ensure maximum, immutable security."*

* Uses an off chain P2P network layer with a custom network powered by core channel nodes (24-6-2021).

### Staking

* Staking has no cool down periods and has a minimum of 10k ALEPH (24-6-2021).

### Liquidity Mining

* Is big on yield farming (30-5-2021):

*"We are launching ALEPH-USDC where we allocate 26M ALEPH to the Fusion Pool on Raydium with a distribution of 5% of the circulating token supply rewards in the first month."*

## Compliance

* From a blog by Avalanche, which Aleph will also support (29-1-2021):

*"GDPR compliance is met thanks to a forget function that will be introduced later this year."*

## Audits

* Bug bounty program can be found [insert here].

### Bugs/Hacks

* When KuCoin got hacked (28-9-2020), the team acted in a way which hints to centralized powers:

*"Aleph was also forced to take drastic measures after the project reported on its blog that 8.5 million ALEPH — about $1.2 million — had been compromised in the breach. The project stated it had reissued tokens on a new smart contract, with the previous address and tokens “rendered obsolete.”"*

## Usage

### Projects that use or built on it

* From a blog by Avalanche, which Aleph will also support (29-1-2021):

*"The network is already used by live projects including a Dropbox-like app, a blogging app, and more."*

## Pros and Cons

### Cons

* When KuCoin got hacked (28-9-2020), the team acted in a way which hints to centralized powers:

*"Aleph was also forced to take drastic measures after the project reported on its blog that 8.5 million ALEPH — about $1.2 million — had been compromised in the breach. The project stated it had reissued tokens on a new smart contract, with the previous address and tokens “rendered obsolete.”"*

## Team, Funding, Partners, etc.

### Team

* Full team can be found here (24-6-2021).
* Jonathan Schemoul; CEO and founder
* Reaper Ran; advisor and co-founder NULS

### Partners

* Has a partnership with the Serum Foundation (28-7-2020).
* Partnered up with Ubisoft to help it with NFT storage (21-12-2021).

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