Alvara's BTS Factory is the backbone of the Protocol, creating a platform for the birth of decentralised, meritocratic, tokenised investment funds. It brings all the crucial elements together, fostering mass acceptance of this novel ERC-BTS token technology.

The Factory guides users through designing and launching their tokenised funds on the blockchain. It's flexible, supporting tokens from any blockchain, making it a trailblazer in cross-chain fund creation.

Fund creation is as easy as connecting a compatible web3 wallet, such as Metamask or Trust Wallet, adding the token contracts of your chosen assets, and naming and branding your ERC-BTS. Minting your ERC-BTS simply requires a minimum contribution of 1 ETH (or equivalent).

To maintain the integrity of the system and avoid superfluous fund creation, we've set a minimum contribution. Fund creators hold the ERC-BTS token and BTS LP tokens, reflecting their personal investment in the fund. Despite the creator holding the ERC-BTS token, the underlying assets remain non-custodial.

The end product is a safely and securely stored fund within a smart contract.

Our Factory also facilitates the creation (minting) of new BTS LP tokens, which are valued at the net asset value (NAV) of the underlying assets within that BTS.

The total cost for minting a new BTS is set at 1%, which includes a 0.5% Alvara platform fee as well as a 0.5% $ALVA “buy and burn” event. The same costs apply for both contributing to and redeeming from an existing BTS.

The Alvara Protocol's ERC-BTS Factory is an open gateway for everyone to explore the advantages of tokenised investment funds on the blockchain.