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Revolutionary Technology
The ERC-7621, known as the Basket Token Standard, allows users to pull a collection of assets into a single, manageable
public basket called a BTS.
Alvara's BTS Factory simplifies the process by offering a contract for users to effortlessly design and deploy a BTS. Every BTS, whether created manually or through the BTS Factory, is automatically included on the Alvara Leaderboard.
The steps
Name your BTS and add a logo to make it stand out. Be creative and welcoming to potential contributors. Provide detailed descriptions to illustrate your allocation strategy.
Select the tokens you want to include in your basket—any ERC-20 tokens for now, with the potential for tokens from different blockchain networks in the near future.
Decide on the percentage weighting of your chosen assets. You also have the option to set up automatic monthly rebalancing for added convenience.
Simplified creation process
Four easy steps to create your BTS. We handle all of the complexity on the backend ;)
Minting fees
The creation mechanism enables users to create (mint) new BTS LP tokens at the net asset value (NAV) of the underlying assets with any BTS. The total cost of initial creation of a new BTS is 1% with 0.5% burning ALVA and another 0.5% going to the Foundation.
Adding liquidity
A minimum creation amount is required to mint a BTS. Once minted, the creator holds the BTS token and associated BTS LP tokens, which only represent their personal capital investment in the fund.
