What is Alchemix (ALCX) | What is Alchemix token | What is ALCX token

About Alchemix

Alchemix is a DeFi protocol that allows for the creation of synthetic tokens that represent the future yield of a deposit. It enables users to retrieve near instant tokenized value against temporary* deposits of stablecoins. A magic money potion if you will, however one that is crafted in Defi with perhaps a sprinkling of ancient wisdom(!). The protocol presents a powerful new DeFi primitive offering myriad applications for users and an exciting new tool for other developers.

How it Works:

Version one of the Alchemix protocol will be launched with a synthetic derivative, “alUSD,” which will be mintable using DAI (other stablecoins to follow). To mint alUSD, users deposit DAI into the Alchemist smart contract via our hosted UI and can then mint alUSD, up to 50% the deposited amount of DAI at a 1:1 ratio. The deposited DAI is deployed to yearn vaults to earn yield.

Alchemix is full of possibilities… your funds aren’t imprisoned in some medieval way.

Once deposited, funds are committed to earning yield which will eventually, automatically pay back user debt. There are however several ways in which a user can choose to manage their loan:

Option 1: leave their deposit to continually earn yield, allowing them to periodically draw down their loan collateral

Option 2: repay the loan early using alUSD or DAI, allowing them to withdraw their collateral

Option 3: liquidate their loan using part of their collateral to repay the loan and allow them to withdraw whatever is remaining.

What can you do with alUSD?

Like many other ERC20 tokens on Ethereum, alUSD is tradeable and experiences price fluctuations. This opens up an array of opportunities for the savvy investor that are beyond the scope of this article. We’ve speculated about some use cases at the bottom of this article for your entertainment.

Enter the Transmuter

Users can send their alUSD to the transmuter which will queue it for conversion back to DAI and other stablecoins. At this point you may be mistaken for believing that the genius of Alchemix has indeed conjured a recipe for creating free money. The Transmutation process however does take time, relying on other ecosystem dynamics to determine its speed.

A high-level overview of the Alchemix Protocol.

How alUSD is pegged to $1:

There are several governance-minimised pegging mechanisms built into the protocol itself:

• Transmutation from alUSD to DAI:
• Yearn vault yield is periodically collected and deposited into the transmutation pool. Each time yield is sent to the transmutation pool, it is allocated proportionally to all the alUSD staked in it. When users claim their DAI in the transmutation pool, an equal amount of alUSD will be burned from their staking deposit.
• Staking (alUSD-3CRV) incentive:
• Staking rewards are earned in the form of ALCX DAO tokens by providing liquidity in alUSD/DAI/USDC/USDT in curve.fi (via the permissionless crv.finance dapp), and then staked in the Alchemix protocol. This adds deep liquidity for alUSD, enabling frictionless transfer of value, resulting in minimal price impact on the alUSD token.
• Early settlement of user deposits:
• Debt can be repaid at any time with DAI and/or alUSD. For example, Bob has 1000 DAI of debt in the system, and he sees that alUSD is cheap at 0.9 DAI. Bob can buy 1000 alUSD off the market at a discount and settle his debt with alUSD, which the protocol always treats as equal value to DAI. Doing so would save Bob money and his act of buying alUSD would help to restore it to its peg. The opposite is also true. If alUSD is over the peg, Bob could sell his alUSD for DAI, allowing him to settle his debt at a discount.
• Ecosystem Growth:
• The Alchemix team plans to release additional dApps that will utilize alUSD and other future al-tokens for their usage. With more dApps utilising these tokens, greater demand and upward price pressure will be projected toward them. This will reduce selling pressure on the al-tokens, and make all of the other pegging mechanisms more effective as a result.

How and Where to Buy Alchemix (ALCX) – An Easy Step by Step Guide

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)… We will use Binance here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence.

Step by Step Guide ☞ What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since ALCX is an altcoin we need to transfer our coins to an exchange that … can be traded. Below is a list of exchanges that offers to trade ALCX in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase SHIB from the exchange view.

Exchange: Sushiswap and 1inch Exchange

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ALCX gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io ☞ Coinbase

Looking for more information…

☞ Website ☞ Explorer ☞ Explorer 2 ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Coinmarketcap

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #crypto #alchemix #alcx

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What is Alchemix (ALCX) | What is Alchemix token | What is ALCX token

About Alchemix

Alchemix is a DeFi protocol that allows for the creation of synthetic tokens that represent the future yield of a deposit. It enables users to retrieve near instant tokenized value against temporary* deposits of stablecoins. A magic money potion if you will, however one that is crafted in Defi with perhaps a sprinkling of ancient wisdom(!). The protocol presents a powerful new DeFi primitive offering myriad applications for users and an exciting new tool for other developers.

How it Works:

Version one of the Alchemix protocol will be launched with a synthetic derivative, “alUSD,” which will be mintable using DAI (other stablecoins to follow). To mint alUSD, users deposit DAI into the Alchemist smart contract via our hosted UI and can then mint alUSD, up to 50% the deposited amount of DAI at a 1:1 ratio. The deposited DAI is deployed to yearn vaults to earn yield.

Alchemix is full of possibilities… your funds aren’t imprisoned in some medieval way.

Once deposited, funds are committed to earning yield which will eventually, automatically pay back user debt. There are however several ways in which a user can choose to manage their loan:

Option 1: leave their deposit to continually earn yield, allowing them to periodically draw down their loan collateral

Option 2: repay the loan early using alUSD or DAI, allowing them to withdraw their collateral

Option 3: liquidate their loan using part of their collateral to repay the loan and allow them to withdraw whatever is remaining.

What can you do with alUSD?

Like many other ERC20 tokens on Ethereum, alUSD is tradeable and experiences price fluctuations. This opens up an array of opportunities for the savvy investor that are beyond the scope of this article. We’ve speculated about some use cases at the bottom of this article for your entertainment.

Enter the Transmuter

Users can send their alUSD to the transmuter which will queue it for conversion back to DAI and other stablecoins. At this point you may be mistaken for believing that the genius of Alchemix has indeed conjured a recipe for creating free money. The Transmutation process however does take time, relying on other ecosystem dynamics to determine its speed.

A high-level overview of the Alchemix Protocol.

How alUSD is pegged to $1:

There are several governance-minimised pegging mechanisms built into the protocol itself:

• Transmutation from alUSD to DAI:
• Yearn vault yield is periodically collected and deposited into the transmutation pool. Each time yield is sent to the transmutation pool, it is allocated proportionally to all the alUSD staked in it. When users claim their DAI in the transmutation pool, an equal amount of alUSD will be burned from their staking deposit.
• Staking (alUSD-3CRV) incentive:
• Staking rewards are earned in the form of ALCX DAO tokens by providing liquidity in alUSD/DAI/USDC/USDT in curve.fi (via the permissionless crv.finance dapp), and then staked in the Alchemix protocol. This adds deep liquidity for alUSD, enabling frictionless transfer of value, resulting in minimal price impact on the alUSD token.
• Early settlement of user deposits:
• Debt can be repaid at any time with DAI and/or alUSD. For example, Bob has 1000 DAI of debt in the system, and he sees that alUSD is cheap at 0.9 DAI. Bob can buy 1000 alUSD off the market at a discount and settle his debt with alUSD, which the protocol always treats as equal value to DAI. Doing so would save Bob money and his act of buying alUSD would help to restore it to its peg. The opposite is also true. If alUSD is over the peg, Bob could sell his alUSD for DAI, allowing him to settle his debt at a discount.
• Ecosystem Growth:
• The Alchemix team plans to release additional dApps that will utilize alUSD and other future al-tokens for their usage. With more dApps utilising these tokens, greater demand and upward price pressure will be projected toward them. This will reduce selling pressure on the al-tokens, and make all of the other pegging mechanisms more effective as a result.

How and Where to Buy Alchemix (ALCX) – An Easy Step by Step Guide

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)… We will use Binance here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence.

Step by Step Guide ☞ What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since ALCX is an altcoin we need to transfer our coins to an exchange that … can be traded. Below is a list of exchanges that offers to trade ALCX in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase SHIB from the exchange view.

Exchange: Sushiswap and 1inch Exchange

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ALCX gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io ☞ Coinbase

Looking for more information…

☞ Website ☞ Explorer ☞ Explorer 2 ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Coinmarketcap

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #crypto #alchemix #alcx

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

Read More @ https://bit.ly/3oFbJoJ

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SafeMoon Clone | SafeMoon Token Clone | SafeMoon Token Clone Development

The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.

The SafeMoon tokens execute efficient functionalities like RFI Static Rewards, Automated Liquidity Provisions, and Automatic Token Burns. The SafeMoon token is considered the most advanced stable coin in the crypto market. It gained global audience attention for managing the stability of asset value without any fluctuations in the marketplace. The SafeMoon token clone is completely decentralized that eliminates the need for intermediaries and benefits the users with less transaction fee and wait time to overtake the traditional banking process.

Reasons to invest in SafeMoon Token Clone :

• The SafeMoon token clone benefits the investors with Automated Liquidity Pool as a unique feature since it adds more revenue for their business growth in less time. The traders can experience instant trade round the clock for reaping profits with less investment towards the SafeMoon token.
• It is integrated with high-end security protocols like two-factor authentication and signature process to prevent various hacks and vulnerable activities. The Smart Contract system in SafeMoon token development manages the overall operation of transactions without any delay,
• The users can obtain a reward amount based on the volume of SafeMoon tokens traded in the marketplace. The efficient trading mechanism allows the users to trade the SafeMoon tokens at the best price for farming. The user can earn higher rewards based on the staking volume of tokens by users in the trade market.
• It allows the token holders to gain complete ownership over their SafeMoon tokens after purchasing from DeFi exchanges. The SafeMoon community governs the token distribution, price fluctuations, staking, and every other token activity. The community boosts the value of SafeMoon tokens.
• The Automated Burning tokens result in the community no longer having control over the SafeMoon tokens. Instead, the community can control the burn of the tokens efficiently for promoting its value in the marketplace. The transaction of SafeMoon tokens on the blockchain platform is fast, safe, and secure.

The SafeMoon Token Clone Development is a promising future for upcoming investors and startups to increase their business revenue in less time. The SafeMoon token clone has great demand in the real world among millions of users for its value in the market. Investors can contact leading Infinite Block Tech to gain proper assistance in developing a world-class SafeMoon token clone that increases the business growth in less time.

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How to Buy FEG Token - The EASIEST Method 2021. JUST IN A FEW MINUTES!!!

How to Buy FEG Token - The EASIEST Method 2021
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The origin of the article: https://www.youtube.com/watch?v=LAVwpiEN6bg
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
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Embrace the growth of DeFi Token Development Like SafeMoon in real-world

“The DeFi token development like SafeMoon was initially launched in March 2021 and created huge hype among global users. It is noted that more than 2 million holders have adopted this SafeMoon token in recent times after its launch in the market. The DeFi token like SafeMoon has hit the market cap for about $2.5 billion. This digital currency has experienced a steady increase in its price value to top the crypto list in the trade market. The future of cryptocurrency is expanding wide opportunities for upcoming investors and startups to make their investments worthy.”

The SafeMoon like token development is becoming more popular in the real world, making investors go crazy over these digital currencies since their value is soaring high in the marketplace. The DeFi like SafeMoon token has grabbed users attention in less time when compared to other crypto tokens in the market. The SafeMoon like token exists on the blockchain for the long run and does not rely on any intermediaries like financial institutions or exchanges. It has a peer-to-peer (P2P) network that benefits global users from experiencing fast and secure transactions.

What is SafeMoon?

SafeMoon is considered a decentralized finance (DeFi) token with great demand and value in the crypto market. It is mainly known for its functionalities like Reflection, LP Acquisition and burning. The DeFi token like SafeMoon functions exactly like tokenomics of the reflected finance, and it is operated through the Binance Smart Chain framework. It is a combination of liquidity generating protocol and RFI tokenomics in the blockchain platform. The launch of the SafeMoon token eliminates the need for central authority like banks or governments to benefit the users with secure processing at high speed without any interruption.

SafeMoon Tokenomics :

The SafeMoon tokenomics describes the economic status of the crypto tokens and has a more sound monetary policy than other competitors in the market. However, it is figured that investment towards DeFi like SafeMoon tokens has a higher potential for returns to benefit the investors in future and the risk associated with it is less. The total supply of SafeMoon tokens is estimated at 1,000,000,000,000,000, and 600,000,000,000 of these tokens are still in circulation. Burned Dev tokens supply is calculated as 223,000,000,000,000, and the shorthand is 223 Trillion. The Fair launch supply is closed around 777,000,000,000,000, and it is circulated for about 777 Trillion.

SafeMoon Specification :

The SafeMoon like DeFi token development is currently the fast-moving cryptos and struck the market cap for about $2,965,367,638. The SafeMoon token price value is found to be $0.000005065 that lured a wide range of audience attention in a short period. The total supply of tokens in the present is one quadrillion tokens.

SafeMoon Protocol :

The SafeMoon Protocol is considered as community-driven DeFi token that focuses on reflection, LP acquisition, and burn in each trade where the transaction is taxed into 5% fee redistributed to all existing holders, 5% fee is split into 50/50 where the half is sold by the contract into BNB and another half of SafeMoon tokens pairs with BNB and added as liquidity pair on PancakeSwap.

Safety: A step by step plan for ensuring 100% safety.

• Dev burned all tokens in the wallet before the launch.
• Fair launch on DxSale.
• LP locked on DxLocker for four years
• LP generated with every trade and locked on Pancake

Why is there a need for reflection & static?

The reflect mechanism effectively allows token holders to hang on their tokens based on percentages carried out and relying upon total tokens held by owners. The static rewards play a significant role in solving a host of problems to benefit the investors with profits based on the volume of tokens being traded in the market. This mechanism focuses on satisfying the early adopters selling their tokens after farming high APYs.

What is the role of Manual Burns?

The manual burns do matter at times, and sometimes they don’t. The continuous burn on any protocol is efficient for a shorter period, which means there is no possibility of controlling it in any way. It is necessary to have the SafeMoon like token burns controlled and promoted for further achievements over community rewards. It is possible that even manual burns and the amounts to be tracked down easily and advertised. The burn strategy of DeFi like SafeMoon token, is beneficial and rewarding for users engaged over the long term.

How efficient is Automatic Liquidity Pool (LP)?

The SafeMoon protocol ensures to take the assets automatically from token holders and locks them for liquidity. The main intention is to keep the holder in touch with the performance of the SafeMoon token by preventing the dips from whales when they are adopted for the mass trade-off.
The DeFi like SafeMoon token, has great price value in the trade market with fewer fluctuations.

Attractive features present in DeFi like SafeMoon token platform :

• Stable Rewards
• Manual Burning
• LP Acquisition
• Community Governed Tokens
• RFI Staking Rewards
• Automated Liquidity Pool
• Automated Market Making

What are the benefits offered in SafeMoon like Token Development?

• The SafeMoon like token development maintains high transparency over user transaction details to gain their trust.
• It eliminates the need for intermediaries in DeFi token like SafeMoon platform to benefit the users with less gas fee, wait time and faster transaction speed.
• The DeFi token development like SafeMoon supports borderless transactions for users to transfer funds from anywhere and anytime.
• It benefits the token holders from gaining exclusive ownership rights over their purchased DeFi like SafeMoon tokens from the marketplace.
• The smart contracts present in DeFi like SafeMoon token platform manages to operate the overall flow of transactions without any delay.
• Investors can generate immediate liquidity from DeFi like SafeMoon tokens to increase their business revenue in a short period.

Summing Up :

The DeFi token development like SafeMoon is the next game-changer for the upcoming generation to explore the benefits for their business growth. The investments towards DeFi like SafeMoon token has excellent value in the long run that benefits the investors with high returns. It is highly efficient for trade, buy/sell and transaction. Investors can connect with any reputed blockchain company with professional experience developing a world-class DeFi like SafeMoon token platform with high-end features cost-effectively.

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