Time to Shine: Alvara Releasing First Gen Tenset Gem Fund

Alvara Protocol
2 min readFeb 5, 2024

Alvara’s Tenset Gem Fund (TGF) offers investors a unique investment opportunity, gaining exposure to a diversified portfolio including each of the 10 Tenset Gems. Meticulously curated by Tenset, each of these gems share a defining characteristic — serious growth potential.

Participants in this fund can expect to be part of an investment vehicle that not only mirrors the dynamic landscape of the crypto market but also mirrors Tenset’s dedication to nurturing innovation and pushing the frontiers of what is achievable within the space.

Within a single transaction, users can contribute WETH to the fund, receiving in exchange fully transferable TGF LP tokens.

Upon launch, the TGF BTS will contain tokens from the following projects, each with an equal weighting of 10%: Everdome (DOME), Metahero (HERO), Satoshi Island (STC), Farcana (FAR), Fame MMA (FAME), Kanga (KNG), Ivendpay (IVPAY), Zima Bank (ZIMA), *Alaska Goldrush (CARAT) and Alvara (ALVA). Stay tuned for the upcoming release date.

Anyone can create a fund quickly and simply using Alvara’s BTS Factory.

Mark your calendars: The presale on Tenset’s TGLP for Alvara’s native token, $ALVA, is scheduled for 26 February 2024. Secure ALVA tokens and participate in this groundbreaking ecosystem from its earliest stages through to global prominence.

*CARAT will be added to the TGF once cross-chain operability has been integrated.

About Alvara Protocol

The Alvara Protocol is a decentralized platform that utilizes the ERC-BTS (Basket Token Standard) to create and manage funds on the blockchain. Alvara offers a comprehensive fund Factory and Marketplace, with a transparent leaderboard showcasing the performance of every BTS created. ALVA and veALVA tokens assume crucial roles in driving the ecosystem’s growth and governance with veALVA holders wielding significant influence over the substantial ALVA reward stream. Removing traditional barriers, Alvara fosters a democratic meritocracy in crypto investing, enabling full lifecycle fund management, from creation to ownership transfer, within its seamless framework.

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