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58410394 No.58410394 [Reply] [Original]

Alvara Protocol $ALVA

Anyone in this? I’m still waiting to see what the price does before buying because it’s been dumping but I’m guessing that’s seedies dumping then it can be organic again?

Ethereum Foundation recognizes Alvara Protocol’s ERC-7621 standard. It’s in the process of approval.

https://eips.ethereum.org/EIPS/eip-7621

“The ERC-7621 is a new token standard that facilitates the construction of multi-asset tokenized baskets on-chain. This standard provides basic functionality for anyone to deploy unique Basket Tokens that can contain an unlimited number of underlying ERC20 tokens.”

This means anyone can make their own ETF fund via blockchain.

Tell me why I shouldn’t buy it

>> No.58410506

>>58410394
Hello

>> No.58410651

>>58410394
Can anyone just get their token standard recognized by ethereum by paying or does ethereum themselves have to like it and is it rare?

>> No.58410846

>>58410394
Biz HATES discussing anything but thots and bags

>> No.58410861

>>58410394
yes its another token not needed money grab scam.

>> No.58410945

>>58410861
Why isn’t this new token standard significant

>> No.58411258

I think RWA projects can use that, right?
The thing about having a pattern is that a bunch of new applications can merge and work together. If ERC20 was not a thing today we wouldn't have DEXes for example.
I think that blocksquare could use that, or other projects like Stobox and LCX.

>> No.58411289

>>58410945
Standard might be significant, but it will work without involvement of alvara or its token. So the existence of the erc will not increase the value.

>> No.58412301

>>58411258
Yes it’s a good potential tool for rwa companies
>>58411289
True

>> No.58412440

>>58410651
>Can anyone
open source dude.
>token standard recognized by ethereum
happens by consensus of the members voting
>by paying
who would you pay? c'mon do your homework, must be 18 to post here
>or does ethereum themselves
who?
>have to like it
like WHAT?
>and is it rare?
You should read about what a token standard is.

>> No.58412452
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58412452

>>58411289
The only way an ERC-20 token can represent a basket of other tokens is if you have a minting function that requires deposit of those other tokens in a dev-wallet. Without the ability to move those tokens at will, the basket isn't a basket... it's a one-way burn-pit. But giving a human the ability to move all those tokens means giving the ability to rug, and that's contrary to our security design principals. Humans will *always* rug. So this new token standard really does accomplish something unique that a lot of people have been working on for a long time. Especially guys like Reserve have been researching this topic for near on a decade.

>> No.58412515

>>58412452
So does $alva have any reason to moon? Is the token or even the company needed?

>> No.58412518

>>58412440
I’m just asking has Alvara protocol done something that makes their token valuable

>> No.58412655

>>58412440
Rare meaning can any pajeet get their token standard recognized by etherium foundation or is it rare for ethereum to recognize a token standard

>> No.58413233

>>58410394
Henlo

>> No.58413402

>>58413233
Bump :(