AlfaFrens

AlfaFrens “ALL THINGS V2” space 12/5

Most notable changes and why:
 
Moving from DEGEN to ETH (in the form of sparks) 
- Sparks = ETH but with 6 less zeroes
- 1 million sparks = 1 ETH
- 1000 sparks = $4.00 USD (right now)
- Round numbers help us use ETH 
- In order to onboard the next wave of users, we need to lower the barriers to entry
- Users repeatedly requested a different currency as the price volatility for creators was difficult to manage

Link to recording: x.com/i/spaces/1DXxy…

Social subscriptions app that helps creators connect with their fans and get paid every second. Built by @superfluidlabs. 🫂

https://alfafrens.com/info

Proper link to the space: 

https://x.com/alfafrens_/status/1864822904959177130?s=46&t=__lB3MU5_EjEs4_0040Xyg

Stakers will now have to SUBSCRIBE to the channel in order to stake it:
- More power to the creators
- NEW: feature to remove subscribers (and therefore stakers) allowing for a curated list of stakers
 
ALFA to $AF
- All ALFA accumulated so far will be converted to 1:1 
- $AF will be airdropped to you in one drop 
- $AF on rewards tab from season 1 & 2 (and future seasons) will be streamed later over a period of time

V2 migration, what this means and why it’s good:

- With the old contracts, ALFA wasn't intended to be a token but now $AF IS a token, a streamable token built with SuperFluid 
- By upgrading to new contracts this unlocks many other features
 
ACTUAL steps of the migration:
- Stop all V1 streams & claim $AF button
- Swap DEGEN to ETH or withdraw
- Set up your V2 channel (you may edit channel details) and channel price in Sparks
- Re-subscribe to your V1 subscriptions that have migrated already