“Alpha Split” Effect
Use this effect to make object/text/letters split or join while fading from/to alpha. This will make the text or object look like dissolving or assembling.
General
Duration : This option controls duration of the animation in seconds * 10.
Effect
Effect type : Choose whether you would like object/text/letters to dissolve or assemble its parts.
Text
This option is only available if you are working with text.
Frame delay : Sets delay between frames.
Effect cycling :
Letter order : Sets letter orders. This options requires non-zero frame delay.
Text Color
This option is only available if you are working with text. Select brush type and control separately brush colors. You can also control pen color and pen width.
Four default presets are also available. Check the lower left corner in the Effects window.