The integration of an On-Off Ramp service into the Alium.Finance ecosystem is a game-changer for users looking to easily move their assets in and out of the platform. The On-Off Ramp service allows users to seamlessly convert their assets between fiat and crypto and visa versa, making it easier than ever to manage and trade their portfolio. In this article, we will provide a comprehensive tutorial on how to use the On-Off Ramp service and learn step-by-step all the process of On-Ramp.
Go to the Trade page and press Buy crypto
Choose to Buy (On-Ramp) or Sell (Off-Ramp) and fill out the form
If you would like to see the breakdown of the fees, press See Calculation
Once you are ready to proceed, press Buy Now
Enter your Wallet Address and press Buy
Don’t have a wallet, but want to create one? Follow our guide about “How to Set Up a Wallet“
Enter your E-mail and confirm it with Verification Code
Complete KYC, so you will be able to complete the registration of your Transak account
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.
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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
Low liquidity levels indicate high market volatility, which can result in rapid price surges for cryptocurrencies.
A high level of liquidity 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.
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 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.
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.
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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.
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.
AliumSwap aims to provide access to advanced tools and features. One of these tools is AMM multi-chain DEX that will allow users to trade assets within blockchain with low commissions and transfer them between different networks seamlessly and safely by using the upcoming cross-chain feature. The project pays a lot of attention to security measures and passes audits by CertiK, Hacken, and Chainsulting.
One of the latest solutions developed by the company is Strong Holders’ Pool, which acts as a battle royal for token holders and a customizable smart staking solution for the company. It will also be launched on the OKC network, an excellent opportunity for OKC-based projects to gain more holders, increase TVL, and add more value to their projects.
AliumSwap operates on BNB Chain, HECO, ETH, Polygon, Fantom Opera, Metis Andromeda, Moonbeam, Moonriver, and Aurora. Now, it’s time for the next blockchain integration. During the past decades, OKXChain evolved and AliumSwap considers this network as one of the growing chains with the most potential to build products on. Naturally, our next choice to move forward was to deploy on OKXChain, also known as OKC!
What is OKC
OKC is a secure & programmable smart contracts platform for next-generation decentralized applications, backed by OKX, one of the largest crypto exchanges. The technology built into the chain was designed explicitly for high-performance trading activities and financial services with lower cost, making it an excellent match for many DeFi protocols, NFTs, and other Metaverse applications.
Advantages of OKC
High Performance: Based on enhanced Tendermint and Delegated Proof of Stake (DPoS) consensus that can support up to 3,000 Transactions per Second (TPS), DeFi (decentralized finance) applications shall reach their full potential at extremely low cost.
Compatibility Doubled: OKC will support Inter-Blockchain Communication (IBC) protocol that — together with the Tendermint consensus algorithm, featuring instant finality — can be used to realize value transmission between Cosmos ecosystem within seconds. OKC is also 100% EVM compatible, meaning that decentralized app (DApp) developers can deploy their DApps from the Ethereum network (or other EVM compatible blockchains) to the OKC with ease. Smart contracts written in Solidity can function on OKC as they do on Ethereum.
Developer Friendly: OKC is completely open-source. Anyone can read it, check on the progress, comment on it, and help build the ecosystem. OKC also provides native oracle protocol and industry-leader Chainlink for maximum flexibility to access price feeds.
Secure: The OKC team offers a reliable smart contract auditing service, making it a genuinely decentralized protocol that avoids the centralization risks of most blockchain networks today.
OKC already has a wide network and a great community. AliumSwap’s team expects that this integration will attract new business partners and traders, and represents the first steps, toward the upcoming trading opportunities from this integration and future partnerships and collaborations.
AliumSwap develops solutions for the market and allows businesses to find their way back into profitability and growth.
Let’s get one thing out of the way first — for serious projects, it has never been easy to play the cryptocurrency game. Sure, there are meme coins, and random stories of lucky strikes here and there, but these projects are largely only temporarily successful. To build a strong, lasting project that will stand the test of time in today’s markets one needs to do exactly that — build!
And… building is not easy! It is not only about having some good ideas. For the project to be set up correctly, there needs to be a massive amount of work invested into it. Many businesses have failed on either implementation, teamwork, or the worst — security part of the process. The cryptocurrency business is a business of finance and as such it’s a sensitive matter where trust is the primary asset.
Smart Staking Alternatives
Strong Holders Pool was developed as a tool to incentivize holding your token, not selling. For users, SHP became a mechanism to reward the strongest holders at the expense of Flippers.
Today, Strong Holders Pools is a customizable smart staking tool that protects the Investors, Projects, and Community from the dumps, improves the project’s TVL, brings more engagement and awareness, and opens new opportunities for your business. SHP is a farming-staking alternative that can be customized per your request and used as a part of your own cryptocurrency business.
Once your start to set up SHP for your token, you will be able to
Customize mechanics for your smart staking pool
Choose and set the rewards for the strongest holders
Boost your smart pools with cross-marketing opportunities
Place SHP on your platform or choose Smart Pools Marketplace
Design the frame and style of your Smart Pools
Strong Holders Pool is a very flexible product and can be set up to suit the needs of the company. For example, you can add a staking or farming function to a regular holding, as well as your users will be able to earn not only by holding coins but also receive passive income.
Cross-chain Swaps
AliumSwap has already launched multi-chain DEX on 9 blockchains. This time, the team introduced cross-chain swaps starting with Polygon, sequentially releasing other chains such as Fantom, Ethereum, HECO, Aurora, Metis, Moonbeam, and Moonriver.
Along with the hybrid liquidity feature, cross-chain swaps will allow traders and investors to use both the liquidity available on AliumSwap and major exchanges, using an algorithm to select the best price.
To exchange a token created on Binance Smart Chain for a different token on the Polygon chain, you need to follow a few steps. Choose Binance Smart Chain and the token that you wish to swap; then Polygon Chain and the token that you would like to receive. Enter the amount of token for your swap and proceed with your transaction.
Our native ALM token becomes an intermediate token in the exchange. In other words, the exchange flows from a token A on one blockchain over to the ALM token. It immediately proceeds to be converted to a new token B which can be on a different blockchain. In addition, users have to pay a commission for conversion (trading fee for swapping on each chain, 1$ for bridge, and for gas, if required), and the exchange itself takes only a few moments.
Summary
There is no surprise that many businesses opt for external business solutions. Projects seek trust and security, as well as the profitability and reliability in such partnerships. Fortunately, AliumSwap is just one of those partners. It is one of the growing and most versatile platforms with unique smart staking alternatives, multi-chain options, hybrid liquidity features, and upcoming cross-chain swaps, that are very competitive in the cryptocurrency market.
Please check the availability of Alium Network products in the links below:
Using the latest Developments on the Decentralized Finance Market Alium introduces the Hybrid Liquidity Model, allowing users to trade almost any crypto using the Liquidity available both on Alium and the rest of the DeFi market.
Hybrid liquidity allows traders to use both Liquidities available on Alium and on most of the major exchanges using the algorithm to pick the best price available all in one place. This makes Alium a perfect DeFi hub with quite a few Networks (BSC, HECO, MATIC, ETH, FTM, and METIS) already available and even more coming.
Hybrid Liquidity and Cross-Chain Bridges
The hybrid Liquidity model is a major milestone in fixing the Liquidity issues on the Cross-Chain DEX Market. By minimizing the need for liquidity in Cross-Chain Swaps to a few key pairs, Alium allows for a seamless, secure, and optimal Traders’ experience.
Hybrid Liquidity and Strong Holders’ and Strong Stakers’ Pools
Strong Holders’ Pools pioneered by Alium in Q4 2021 are a great tool for holders to monetize hold term HODLing. This way to earn tokens by simply sticking around is getting more and more popular, and new projects are joining in to create SHP for their tokens in the near future.
The Next Step in the SHP development is Strong Stakers’ Pools, a hybrid solution allowing users to combine Staking Rewards with Holder Rewards to maximize their profits in the long run. The Hybrid Liquidity model will allow Alium Users to join any upcoming SHPs and SSPs in a matter of a few clicks.
Stay tuned for further Developments by joining our communities:
As we steadily proceed with AliumSwap AMM DEX development course, we would like to announce the integration of another chain on our platform — Metis Andromeda!
It is about time we added one of the L2 Rollups on AliumSwap because Ethereum isn’t going anywhere in the nearest future. We have been following Metis development for a long time and we think it has deserved its place as one of the chains featured on AliumSwap DEX. Soon after the integration, the Metis-EVM bridge will also be available.
We have chosen Metis as one of the most promising Optimistic Rollups solutions on the market. Metis has shown a great dynamic in terms of trading volumes and market cap over the last year. Their development team is high-skilled and they implement new features on a weekly basis. The opportunities Metis network provides are virtually limitless: DAO/DAC, easy Dapps integration, NFT minting and trading — everything a crypto enterprise might need in the rising Web 3.0 economy. We also believe that we can have a mutually beneficial partnership at some point of time in the future as well as attract a new user base represented by fellow Metisians.
One of the latest innovative features of AliumSwap DEX is Strong Holders’ Pool which is a battle royal for token holders where only the Strongest Hands get the profit. It will also be launched on the Metis network, an excellent opportunity for Metis-based projects to gain more holders and increase TVL.
The Alium.Finance project aims to provide access to the AliumSwap advanced multi-blockchain AMM DEX that will allow users to trade assets and quickly transfer them between different blockchains safely and conveniently. The project is fully audited by CertiK, Hacken, and Chainsulting and has attracted over $6.5 million from private, strategic, and public investors. Alium Finance already operates on BSC, HECO, ETH, Polygon, Fantom Opera and Metis Andromeda and is preparing for the integration with Avalanche and Tron networks.
What is Metis Andromeda?
Metis aims to revolutionize how people/businesses collaborate using blockchain technology and solve layer 1 problems in a framework. It provides a single solution to the biggest challenges in Ethereum Mainnet.
On Metis, interactions between smart contracts and Ethereum happen asynchronously. Therefore, contracts on Metis have to wait till they receive a response from the layer 1 Ethereum contract.
Metis has great potential to stand out from the crowd as it launches multiple projects like MetisSwap (layer 2 decentralized exchange currently in beta testing), Polis (a central platform allowing users to log into any DApps built on Polis), and Tribe (a community-minted NFT Project).
VISION
To accelerate the transition of people to blockchain for open, fair, and decentralized business on Web 3.0.
MISSION
To create an easy-to-use technical and organizational platform, making blockchain accessible to everyone, empowering both personal and professional lives.
BUSINESS
Metis is a decentralized economy platform to start, run, and grow any decentralized app, business, and community on the blockchain with ease and scalability.
The Alium Finance team is happy to announce the integration of Fantom Network on AliumSwap DEX!
We see quite a potential in Fantom network and consider it one of the chains to build our products on, so we’ve decided to prioritize Fantom integration over Avalanche and others. Moreover, myriads of projects are being built on Fantom Opera blockchain lately. Fantom network already has a wide array of Dapps and a great community — we expect that its integration will help us attract new users and business partners, which will have a positive effect on token price and trading volumes.
As we have launched Liquidity Aggregator on AliumSwap for Binance Smart Chain, we aim to mitigate the insufficient liquidity problem from the start. When we expand the range of networks Liquidity Aggregator works on, AliumSwap will be entirely ready for Fantom Opera chain enthusiasts.
One of the latest innovative features of AliumSwap DEX is Strong Holders’ Pool which is a battle royal for token holders where only the Strongest Hands get the profit. It will also be launched on the Fantom network, an excellent opportunity for Fantom-based projects to gain more holders and increase TVL.
The Alium.Finance project aims to provide access to the AliumSwap advanced multi-blockchain AMM DEX that will allow users to trade assets and quickly transfer them between different blockchains safely and conveniently. The project is fully audited by CertiK, Hacken, and Chainsulting and has attracted over $6.5 million from private, strategic, and public investors. Alium Finance already operates on BSC, HECO, ETH, Polygon and Fantom Opera and is preparing for integration with the Metis, Avalanche and Tron networks.
What is Fantom Opera?
Opera is a secure and fast environment to build decentralized applications. It is fully permissionless and open-source. Powered by Fantom’s aBFT consensus algorithm, it leverages its speed and fast finality, and is ready for real-world applications with no risks of congestion or long confirmation times.
The Fantom Opera mainnet is compatible with the Ethereum Virtual Machine (EVM) and provides full smart contracts support through Solidity.
Opera’s strong point is its fast time to finality, thanks to the underlying Lachesis aBFT consensus mechanism.
Previous consensus mechanisms such as Proof-of-Work, used by Bitcoin and Ethereum, are based on probabilistic finality and require a certain amount of time for transactions to be considered irreversible.
Bitcoin has an average time to finality of 60 minutes or six confirmations. Ethereum has a faster block time than Bitcoin, and its average time to finality is 6 minutes or 25 confirmations.
On Opera, a transaction is considered finalized and settled in 1 second.
To prevent the Farm&Dump, which many projects and communities experience after the Farming Campaigns, we decided to introduce the Smart Farming Pools to Reward the Strong Holders at the expense of Flippers.
Strong Holders Pools are available to both Farmers and ALM holders who didn’t participate in Farming.
After you Harvest the Farmed ALMs, 90% of ALM go straight into Strong Holders’ Pools of 100 participants each.
When the Pool s formed, the game begins. The first users withdraw some of their tokens, which will be rewarded to Diamond Hands, who withdraw the Last.
Strong Holders’ Pools are an excellent opportunity to Earn more ALM for those here for the long run. In addition, the top 7 Holders of each Pool will get a CyberCity.game NFT asset, including Characters, Land and Gear. With one NFT asset being randomly awarded to one of the Top 50 Holders of each Pool.
What’s Next? ALM Staking & CYBR Mining!
Don’t be too quick with selling your ALMs. The CyberCity.game and ALM Staking are coming!
Cyber City will introduce a new game token CYBR, with very close ties to ALM.
CYBR supply is only 10% preminted, and 90% will be minted through ALM Staking Program.
By Staking your ALM, you will receive NFT Assets for the Game, as well as a portion of 50% of all the CYBR Emissions.
Another 50% of CYBR Emissions will be evenly distributed between all the Land NFT Owners in Cyber City.
CYBR Tokenomics is aimed to Protect Users and Players from Dumps, so there will be a 5% commission of any DEX operation with CYBR, 2.5% will be Burned, and 2.5% distributed between Land Owners.
Any Purchase in Game using CYBR will burn the CYBR tokens, further decreasing the Circulating Supply.
The First wave of ALM Farming with Strong Holders’ Pools is coming, with 5 million ALM to be farmed and Strong Held.
Launch Date: 8th of October 2021
Tokens Available for Farming: 5 000 000 ALM
3 Stages:
1st Stage: 15 Days — Highest Rewards (150%+ APR)
2nd Stage: 10 Days — Medium Rewards (131%+ APR)
3rd Stage: 9 Days — Basic Rewards (40%+ APR)
Available Pools:
ALM/BNB
ALM/USDT
ALM/CAKE
CAKE/BNB
BNB/USDT
Farming Entry: 1500 ALM
Farming Distribution:
10% off Harvest — withdrawable instantly
90% off Harvest go directly into Strong Holders Pools (also withdrawable instantly, check the terms in the next Segment)
Strong Holders Pools
To prevent the Farm&Dump, which many projects and communities experience after the Farming Campaigns, we decided to introduce the Smart Farming Pools to Reward the Strong Holders at the expense of Flippers.
Strong Holders Pools are available to both Farmers and ALM holders who didn’t participate in Farming.
After you Harvest the Farmed ALMs, 90% of ALM go straight into Strong Holders’ Pools of 100 participants each.
When the Pool s formed, the game begins. The first users withdraw some of their tokens, which will be rewarded to Diamond Hands, who withdraw the Last.
Strong Holders’ Pools are an excellent opportunity to Earn more ALM for those here for the long run. In addition, the top 7 Holders of each Pool will get a CyberCity.game NFT asset, including Characters, Land and Gear. With one NFT asset being randomly awarded to one of the Top 50 Holders of each Pool.
What’s Next?
Don’t be too quick with selling your ALMs. The CyberCity.game and ALM Staking are coming!
Cyber City will introduce a new game token CYBR, with very close ties to ALM.
CYBR supply is only 3% preminted, and 97% will be minted through ALM Staking Program.
By Staking your ALM, you will receive NFT Assets for the Game, as well as a portion of 50% of all the CYBR Emissions.
Another 50% of CYBR Emissions will be evenly Distributed between all the Land NFT Owners in Cyber City.
CYBR Tokenomics is aimed to Protect Users and Players from Dumps, so there will be a 5% commission of any DEX operation with CYBR, 2.5% will be Burned, and 2.5% distributed between Land Owners.
Any Purchase in Game using CYBR will burn the CYBR tokens, further decreasing the Circulating Supply.
