Category: Contests

Alium Green Button Release

Posted on by Igor

Alium Finance is excited to announce the launch of the Alium Green Button, an innovative incentive program beginning this March. The Alium Green Button marks the first phase of gamification for the Alium DEX, with the primary objective of rewarding users who engage with Alium DEX by offering ALM tokens, stables, and NFTs.

As a part of the gamification program, Alium users will have the opportunity to earn Planet NFTs that are upgradable, and users will be able to enhance their NFTs by actively participating in the incentive program. This exciting initiative is aimed at encouraging Alium users to utilize Alium’s Swaps and Liquidity provisions and be rewarded for their engagement.

By launching the Alium Green Button initiative, Alium Finance is embarking on a journey to the stars, providing its users with an exciting opportunity to acquire and upgrade Planet NFTs, get tangible rewards and join among very first users to Alium Interplanetary Journey. Join us on this experience with the unique features of Alium DEX while earning valuable rewards.

Main Rules of Alium Green Button

Users can earn tickets by completing the following actions:

  • 1 Ticket for every 5 Swaps (with a minimum swap volume of $10 each)
  • 1 Ticket for every $20 of Liquidity provided on any pair within the BSC, ETH, and Polygon Blockchains, with a maximum of 10 tickets per day.

For even greater rewards, any operation that involves ALM tokens will multiply your tickets by 20%. For example, if you provide $100 for the ALM-BUSD pair, your rewards will be multiplied and you’ll get 6 tickets.

Each spin of the Wheel of Fortune offers the chance to win up to $5 worth of prizes.

Minimum withdrawal amount is $10 equivalent. To mint the NFT you need to reach 3-rd lvl. 

This incentive is available across three chains: BSC, ETH, and Polygon. Join us and participate in the Wheel of Fortune to earn valuable rewards on your favorite blockchain.

How to play Alium Green Button? 

  • To get your very first ticket you need to connect your wallet, and go to the Trading or Liquidity provision Section and perform any active action – Make a Swap for at least $10 or provide liquidity at least for 20$. 

  • As soon as you get your first ticket, you need to click the Win Crypto button and move to the Alium Green Button game page.
  • Now, when you already have a ticket and you are at the game page you can spin the wheel for the first time, to do that, click the button from the screen shot.
  • Congratulations! You’ve just won your first rewards. Earn at least $10 to be able to withdraw it! 
  • If you want to mint your NFT and withdraw it to your wallet – you need to reach 3-d lvl, but you won’t be able to update it later using AGB game. 

Alium Swap Contest is live!

Posted on by Alium Finance

We’re so grateful for the opportunity to serve our community, and we want to thank you for helping us do that.

We believe in the power of community, and we know how important it is to be a part of a group of people who are working together towards a common goal. That’s why we’re here: to bring people together around their shared interests and goals, so they can make their lives better by supporting each other and advocating together.

We’re glad you’re here with us!

We know how much you enjoyed our referral program, and we also know that you wanted a continuation! We’ve been working on something new and we can’t wait to tell you more about it.

The SWAPs are back! Get ready to get your wallets ready because we are relaunching our incentive bot, this time it’s all about SWAPS.

We’re so excited to announce our latest contest. We want everyone in our community and beyond to know how handy and practical our swaps are. That’s why we decided to link this contest to them!

To participate in the contest you have to:

1) Connect your wallet to our platform (https://alium.finance/) 🧩
2) Make at least 3 swaps within two weeks, each swap should have a transaction amount of at least $10! The more swaps, the higher your chances to win! 💸
3) Send your swaps hashes (TXID) to the bot – @Alium_Referral_Bot (more information can be found in the bot) 📝
4) Be subscribed to all our social networks 👥

💰At the end of the contest we will randomly choose 10 accounts meeting all the conditions and divide a prize fund of 500 USDT between them.

This is a great opportunity for you to get some of the coins that you’ve always wanted. So what are you waiting for? Unlock your wallet and start swapping!

Learn with Alium: How to Provide Liquidity and Generate Income

Posted on by Alium Finance

Previously, we shared with you the definition of Liquidity and explained the Hybrid Liquidity model implemented on AliumSwap, as well as how it works with Multi-chain DEX. For today, we will support you with more information about the definition of a Liquidity Pool, who are the liquidity providers, how to generate income from providing liquidity, as well as a simple guide for those who are on the way to becoming a liquidity provider.

Learn with Alium

Let’s start from the beginning…

About Liquidity Pool

To remind you, “liquidity” is a simple term used in a financial market as a measure of how quickly or easily a cryptocurrency or any asset can be converted to cash or other assets without difficulty or a significant impact on the market price.

Let’s keep in mind that

  1. Low liquidity levels indicate high market volatility, which can result in rapid price surges for cryptocurrencies.
  2. A high level of liquidity indicates a stable market with low volatility in the price of the asset.
  3. With increasing cryptocurrency adoption and wide usage as a form of payment, there will be an increase in cryptocurrency liquidity.

Liquidity is one of the major requirements for all tradable assets, including cryptocurrencies, as it allows them to be traded quickly. So, what about the liquidity pools?

A Liquidity Pool is a number of tokens in a form of pair that is used to provide liquidity and designated by the token pair it represents. For example, ALM-MATIC is a liquidity pool that consists of the liquidity provided for the pair of tokens ALM (Alium Token) and MATIC (Polygon Native Token).

And this is when liquidity providers come to action….

About Liquidity Providers

A liquidity provider, also known as Market Maker, is someone who helps with the decentralization of trading by providing crypto assets to platforms. Liquidity providers are those who are always willing to trade their assets, by providing liquidity and opening trading opportunities for users. Liquidity providers (LP) receive LP tokens, which are representing the amount of liquidity provided.

One of the major points for liquidity providers is that they can withdraw their liquidity anytime they want, from the liquidity pools, and It is important to mention that the assets provided are locked with the platform for the amount of time the user decides to provide liquidity.

How to Provide Liquidity in 3 Steps with AliumSwap

How to Generate Income from Providing Liquidity

AliumSwap Multi-chain DEX has one of the lowest commission fees on the market with some great options for income. DEX charges 0.25% on every trade within the same blockchain, then reverts back to the liquidity providers at 0.2%, where the income is distributed proportionally among the LP token holders.

For example, In the last 24 hours, there are $100k fees generated on DEX for the ALM — MATIC liquidity pool. These fees would be distributed among the Liquidity Providers who hold the LP tokens for this particular pair. Therefore, you can get more benefits and reach higher ROI if you are a Holder of a few LP tokens for the MATIC — ALM pair.

Still here and wishing to become a Liquidity Provider? You can make try it out and start your journey as a Liquidity Provider by following our short step-by-step guide.

Step 1. Go to Liquidity Menu and Click “Unlock Wallet”

Step 2. Click Add Liquidity and select the Tokens

Step 3. Fill in the amount of tokens and click “Supply”

Confirm it and become a liquidity provider. Open new opportunities to generate income together with AliumSwap Multi-chain DEX.

Summary

As more people provide liquidity, it is ensured that users can buy/sell that asset by swapping it with other tokens for which the liquidity pair has been created. We want to make sure that our users are able to trade their crypto assets to the best of their ability, to maximize their profit and minimize their losses.

Learn more about us:

Official Website https://alium.finance/

Docs: https://docs.alium.finance/

Blog: https://blog.alium.finance/

Twitter: https://twitter.com/AliumSwap

LinkedIn: https://www.linkedin.com/company/alium-finance/

Telegram Chat: https://t.me/aliumswap_official

Learn with Alium: Hybrid Liquidity Explained

Posted on by Alium Finance

Since cryptocurrency trading and other DeFi features have increased in use, there has been an influx of new terms most of which people have no idea what they mean — words like liquidity, liquidity aggregators, liquidity pools, and now, hybrid liquidity aggregators.

Learn with Alium


For better understanding, we will be breaking down these concepts in detail, starting from the basics.

What is Liquidity?

Liquidity is a simple term used in a financial market as a measure of how quickly or easily a cryptocurrency or any asset can be converted to cash or other assets without difficulty or a significant impact on the market price. To further break it down, Forex is considered a liquid market considering the volume of daily transactions in comparison to real estate, or rare artifacts which are considered illiquid because they are not easily sold off or require a long process.

Now to cryptocurrency, stablecoins, Bitcoin and Ethereum have high trading volumes compared to most altcoins. This shows they can easily be traded without a significant impact on their prices. Liquidity is critical for all tradable assets, including cryptocurrencies, because it allows them to be traded quickly. Low liquidity levels indicate high market volatility, which can result in rapid price surges for cryptocurrencies. A high level of liquidity, on the other hand, indicates a stable market with low volatility in the price of the asset. With increasing cryptocurrency adoption and wide usage as a form of payment, there will be an increase in cryptocurrency liquidity.

Sounds too simple? Well… it’s actually that simple.

What is a Liquidity Aggregator?

A liquidity aggregator is a piece of software that enables users to access a pool of buy and sell orders from multiple liquidity providers/pools at the same time. Due to cryptocurrency market volatility, assets can be offered at different prices on different platforms.

The aim of aggregators is to allow crypto traders to buy or sell an asset at a price near the market average. For both the liquidity provider and the receiving counterparty, computer algorithms can be used to tailor the price streams to meet their needs.

What are Hybrid Liquidity Aggregators?

A Hybrid Liquidity Aggregator is exactly what it sounds like. In order to give traders the best possible pricing, a hybrid liquidity aggregator combines liquidity from both centralized and decentralized exchanges. With this, the trader will be able to place an order at the best possible price with little slippage.

Hybrid Liquidity model by AliumSwap

Hybrid Liquidity Feature by AliumSwap

Due to liquidity problems in the market, AliumSwap has created a Hybrid Liquidity feature as a solution for its decentralized AMM exchange with multi-chain options, and cross-chain features. Multi-chain DEX allows users to trade any cryptocurrency from one token to another within the same blockchain, or exchange their assets by using the cross-chain feature. To fully understand what I mean, current DEXs AMM (Automated Market Marker) offer their users unique advantages at the expense of enjoying maximum profits and benefits. Also, DEXs suffer severe setbacks due to a lack of interoperability in transferring assets and platform interaction. And this is when Hybrid Liquidity features come into action…

How Hybrid Liquidity works:

If the price impact on a chosen pair surpasses 5% or there’s no such liquidity pool on AliumSwap, the liquidity pool of the other exchange will be used.

https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2Fg-j7yzUYvZg%3Ffeature%3Doembed&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Dg-j7yzUYvZg&image=https%3A%2F%2Fi.ytimg.com%2Fvi%2Fg-j7yzUYvZg%2Fhqdefault.jpg&key=a19fcc184b9711e1b4764040d3dc5c07&type=text%2Fhtml&schema=youtubeHybrid Liquidity Feature Release

Solving these challenges and more was the drive behind building a revolutionary project like AliumSwap.

Note: An automated market maker (AMM) is a decentralized exchange (DEX) technology that prices assets using a mathematical formula. In contrast to a traditional exchange, where assets are valued using an order book, assets are priced using a pricing algorithm.

Current Achievements of AliumSwap

Since its launch, there have been several significant progress and currently, the company’s Multi-chain DEX supports 10 blockchains, namely — Polygon, BnB Chain, Ethereum, HECO Chain, Fantom, Metis Andromeda, Moonriver, Moonbeam, Aurora, and OKC. Cross-chain feature together with the hybrid liquidity feature makes AliumSwap safe and secure from liquidity problems associated with DEXs.

Now that I have explained the basic terms surrounding liquidity, jump on our DEX and try it out.

Learn more about AliumSwap:

About Us: https://docs.alium.finance/

Official Website https://alium.finance/

Blog: https://blog.alium.finance/

Twitter: https://twitter.com/AliumSwap

LinkedIn: https://www.linkedin.com/company/alium-finance/

Telegram Chat: https://t.me/aliumswap_official

How to Use Cross-chain Feature by AliumSwap

Posted on by Alium Finance

Here is everything you wanted to know about easy, reliable, fast, and safe trading on the most feature-packed multi-chain DEX on the market!

Does it happen to you that when you mention “Token” in a casual conversation — people still ask you what is this? It happened to me a few days ago. So, there I was, explaining it to a person who is not only my friend but also a business and a real estate owner who is generally very financially literate. This just shows how early we are.

With this in mind, we realize that even some things that may seem simple to an average cryptocurrency investor incite fear in others. People are rightfully worried about losing their money, no matter how small their investment is — that they would rather sit on it, do nothing and watch the inflation eat it away at an even faster rate.

Have no fear, the HowTo is here!

We have prepared a little tutorial to demonstrate how to use the upcoming cross-chain feature on AliumSwap multi-chain DEX:

Let’s say, we have some BNB lying around in our wallet and we want to cash it out into USDC on Polygon

  1. First of all, you need to connect your wallet and choose BNB Chain because this is where our tokens currently residing

2. Secondly, you need to select any token you would like to swap. In our case, it’s going to be SHIB

3. Next, we will enter the token that we wish to swap to. In our case, we want USDC on Polygon Network, so now our screen looks like this:

4. Enter the number of tokens you wish to send or receive.

Prices vary and sometimes we want to protect ourselves from entering the trade under unfavorable terms. To gain greater control over the price and the time for the transaction — we can set the “slippage” that will stop the trade in case the price deviates too much from our desired price and the deadline to avoid getting into the trade too late.

5. Finally, once you entered your amount of token you need to proceed with confirmation of the transaction on your wallet.

6. Now, all you have to do is to confirm and swap your tokens. The process will take a moment and transactions can be tracked.

So, let’s start trading by visiting AliumSwap at https://alium.finance/swap/

Visit us at the links below:

Official Website https://alium.finance/

Guide: https://docs.alium.finance/

Blog https://aliumswap.medium.com/

Twitter https://twitter.com/AliumSwap

Telegram https://t.me/aliumswap_official

LinkedIn https://www.linkedin.com/company/alium-finance/

Alium Finance announces a competition for traders with a total prize of 2000 USDT

Posted on by admin

Alium Finance announces the launch of a competition for traders with a total prize pool of $2000 USDT. Within 14 days, professional and novice crypto traders will compete for the main prize — 500 USDT. At the same time, the rewards will be divided into 2 types: fixed and variable.

To participate in the contest, you need to make at least 5 trades on Alium.Swap in pairs with ALM, rewards start accruing from the sixth trade. Today, more than 30 trading pairs are available to users, including such as 1İNCH, ADA, BAT, COMP, and others.

The top 5 most productive traders will be able to receive one of the fixed rewards:

  • 1st place — 500 USDT
  • 2nd place — 300 USDT
  • 3rd place — 300 USDT
  • 4th place — 150 USDT
  • 5th place — 100 USDT

Also, from each completed transaction since the start of the contest, 0.05% of the volume of each completed transaction by all traders from March 16, 00:00 to March 30, 23:59 will be charged to the additional prize pool. Alium will also allocate 650 USDT for an additional prize pool. An additional prize pool will be distributed among the 25 highest performing traders. The volume of the pool and individual awards depends on the total number of participants in the competition.

The contest starts on Wednesday, March 16 at 00:00 UTC and will run until March 30 at 23:59 UTC. Rewards will be credited to participants’ wallets within 5 working days after the end of the contest.

To take part in the traders’ contest, fill out the form.