Solana Wormhole is Live

Vinny L.

Vinny L.

— 3 min read
Solana Wormhole is Live

Welcome $AIKEK to the Solana ecosystem.

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CA: CotWkXoBD3edLb6opEGHV9tb3pyKmeoWBLwdMJ8ZDimW

Alphakek AI has expanded $AIKEK to Solana by implementing the Wormhole aka Portal Bridge. This makes the Alphakek AI suite of alpha and memetic tools accessible to Solana traders and builders, while enhancing the $AIKEK token holder experience.

Motivation

  • Expand $AIKEK Reach: Make $AIKEK available to more Solana-centric communities, including new B2B users and partners.
  • Scale Solana Development: We are currently tracking every Solana transaction and wallet in real-time, for our Wallet Finder, Alpha Alerts, and Alpha Agents. Many more tools are in development.
  • Improve Holder Experience: Enhance the experience for $AIKEK token holders by adding new utility and reducing gas fees.
  • Ecosystem Support: Potential for additional support through Solana’s hackathons and community initiatives.

Implementation

  • Open Solana Portal Bridge (Wormhole)
  • Incentivize AIKEK-SOL liquidity on Raydium
  • Collaborations with Solana ecosystem projects and influencers
  • Open Alphakek APIs to Solana projects and builders

Tokenomics

  • Token Supply Unchanged: No new $AIKEK tokens will be minted; the total supply will remain at 256,000,000 tokens minus burnt tokens.
  • Uniswap Comparison: Solana token won’t have a tax but will greatly incentivize arbitrage activities and therefore the volume on Ethereum.
  • Token Price Volatility: Likely to increase due to higher trading volume, which is a typical outcome in a multi-chain environment.

Read the full tokenomics here.

Resources

FAQ

I own 1% of all $AIKEK tokens, what will happen to my share once $AIKEK is available on Solana?

You still will own 1% of all $AIKEK tokens. The total supply of 256,000,000 tokens (minus burnt tokens) remains unchanged.

How will this impact the token price?

Given the total supply of $AIKEK remains unchanged, the same supply and demand dynamics will impact price. While we cannot predict price changes, making $AIKEK available on Solana will increase its marketing exposure, potential volume, and arbitrage opportunities between Solana and Ethereum.

How will this impact token market capitalization?

Having a Solana bridge and token does not affect the Ethereum token’s market cap. Market cap depends on liquidity, and our ETH network liquidity will remain locked on Uniswap ETH. Market cap is also aggregated across chains by coin listing sites like CoinGecko and CoinMarketCap. This is a similar dynamic when tokens trade on CEXs, whereby CEX liquidity/volume are not counted in their DEX pair equivalents.

Are you leaving Ethereum?

No, Ethereum is our home and $AIKEK is not being relaunched or migrated. You’ll simply have the option of bridging existing $AIKEK between Ethereum and Solana to perform transactions.

Why do you want Solana $AIKEK to have a zero trading tax?

Since the Solana $AIKEK liquidity pool will be much smaller (at the time of launch) than the $AIKEK pool on Ethereum, we decided to introduce this asymmetry to create arbitrage opportunities (and therefore facilitate the trading volume) on both chains: on Solana, there are smaller LP, higher slippage, and lower tax. On Ethereum, it’s exactly the opposite. Also, tokens with tax are too uncommon on Solana and can scare off buyers.

Will this affect my Alphakek app User Tier and access?

No, we will calculate all of your holdings. If you hold $300 of $AIKEK on ETH and $700 of $AIKEK on Solana, you will qualify for the $1000 Premium tier as usual. The $AIKEK (SOL) holding integration is still in progress.

What will happen to your bridge to Base?

Our Base bridge remains unchanged. The Base bridge launch was a success and helped Base natives access Alphakek AI. The Base token is also working as intended and we plan to attract more LP there in the future.

About Alphakek AI

Alphakek is an AI lab building the AI layer of crypto, helping users and builders find the next 100x, scale their memes, and leverage all AI has to offer. Their uncensored and crypto-native AI models currently power numerous Web3 tools, communities, and ecosystems.

Website | Telegram | GitBook | Discord | CoinGecko | CoinMarketCap

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