We’re excited that our community has been growing like crazy, and we want to give you information as soon as we can!
We’ve been fully occupied on getting everything in place – and it’s paying off. We can’t wait for you all to see what is coming. We’re glad to announce that we’ve updated our Roadmap!
We have been working hard to make Alium Swap even better, and we are thrilled to share our progress with you.
The release of the app has been moved from Q3 to Q4 and new build is coming soon (in the next few days). So stay tuned for more information about the release date and other updates about Alium Swap at our social networks.
Wait for the announcement of GameFi mechanics integration in Alium Swap. The team is already developing it, so we will keep you updated.
We look forward to meeting you at WBC Bangkok and Metaventures conferences. These are important events for our team and we will be fully present there.
Also, we know how we’re all waiting for cross-chain, but we need to have a little patience. We’re already at the finish line, Cross-Chain is coming soon.
And finally! Get ready to do quests on Crew3, the participants with the highest level will get a big prize.
We appreciate you very much and want to be on the same page. See you soon!
If you are looking for new ways of creating passive income, you’re not alone. Business minded people around the world are flocking over to the DeFi solutions to avoid the effects of inflation and maximize their earnings!
The development of DeFi completely changed the perception of users about the traditional economy and its possibilities. Big money earnings traditionally were mostly restricted to professional traders from Wall Street, bankers, and financial consultants. Recently, the creation of decentralized finance has opened unlimited earning opportunities for ordinary users. Today, millions of people choose DeFi for staking, which by its nature is analogous to bank deposits, liquidity farming, or lending.
Let’s see how one such advanced solution from AliumSwap can help users achieve financial independence!
Multi-chain exchange without overpayments in a few clicks
If you have ever faced the problem of exchanging tokens created on different blockchains, then you understand that this is not an easy task. As a rule, to complete such a transaction, the user must first transfer the tokens of one network, and then to the tokens of another project on another blockchain. Such an operation takes some time, and it also requires double or even triple fee payments. Sometimes the benefit would get completely erased by the cost or the length of this process.
The AliumSwap team had seen the issue with this process and decided to work on developing the solution for it: “We have been studying market problems for a long time and see a problem with token exchanges in various chains. That is why we have developed our own unique product AliumSwap. Users can exchange tokens between blockchains in one click by paying a minimum fee. Our native ALM token becomes an intermediate token in the exchange.”
In other words, the exchange flows from a token A on a first blockchain over to the ALM token. It immediately proceeds to be converted to a new token B which can be on a different blockchain! Users only need to be aware of one exchange as the whole process is automated and happens seamlessly behind the scenes.
The best part? The list of supported chains is not small. AliumSwap currently supports seven bridges: Binance Smart Chain, Polygon Matic, Fantom Opera, Metis Andromeda, Moonriver, Moonbeam, and Aurora. There are more in development and soon will be added to this list. One major upgrade that is already in the development and nearing completion will be the addition of the EVM Bridges for Ethereum and HECO blockchains!
Passive income with Strong Holders Pool
We all know how convenient the bank deposit accounts are. Money deposited into accounts allows us to receive guaranteed payouts. Today, however, most bank deposits remain unprofitable due to rising inflation, and in some cases they’re even — negative!
If you are looking for new ways of creating passive income, you’re not alone. Business minded people around the world are flocking over to the DeFi solutions for that very reason.
The benefit from participation in token pools is obvious for the issuers as well. The Strong Holders Pool helps companies to avoid the rapid and massive token drain that often occurs after public coin sales.
There are currently 9 Strong Holders Pools in action, as there are limited spaces available not all of them can be currently joined but there is an active one that accepts new members!
Liquidity Migration
Liquidity migration is a great way for retail users to make additional money. The implementation of this feature on the Alium exchange is necessary so that users can easily transfer their liquidity from other DEXs to Alium. In return, users receive ALM tokens, which are already traded on centralized and decentralized exchanges today. After launching this feature, AliumSwap users can transfer their liquidity in the following directions:
The following exchanges are available for liquidity migration under the Ethereum protocol: Uniswap v2, Sushiswap
On the Polygon network: Quickswap, Honeyswap, Firebird Finance, Dfyn Network, Polycat finance, Polyyeld, Kogefarm;
At HECO: MDEX.
Fantom: SpookySwap, Spirit Swap
Metis: NetSwap, Tethys.finance
Moonriver: Sushi Swap
Moonbeam: StellaSwap, beamswap
Near Aurora: NearPad, dodoex.io
These liquidity migration options are already available to users.
Conclusions
Summing up, we can conclude that AliumSwap allows users to quickly and easily earn money by providing liquidity or participating in the Strong Holders Pool. In addition, the launch of a multi-chain DEX allows you to transfer tokens from different blockchains in only a few clicks, saving money on paying fees.
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.
Alium Finance added Moonriver to the list of Blockchains available on Alium Finance Decentralized Exchange. Also, the company also launched cross-chain bridges that connect the Binance Smart Chain and Moonbeam, MoonRiver, Near Aurora blockchains. This will allow users to seamlessly transfer ALM tokens between these blockchains. In addition, the minimum limit on deposits in ALM tokens was increased to 1000 tokens for entering the Strong Holders pool.
“We continue to expand our capabilities and integrate new blockchains, which will allow users safe and convenient token transfers between different blockchains with one click. We also plan to integrate a number of other popular networks. Thanks to this, Alium.Finance users will be able to send crypto coins and stablecoins created on different blockchains without intermediaries. The exchange will be carried out automatically in the Token — ALM — Token,” the company explains.
MoonRiver (Moonbeam) is an Ethereum compatible smart contract parachain on Kusama. It is intended to be a companion network to Moonbeam where it provides a continuously boosted canary network. First, the new code is sent to Moonriver, where it can be tested and validated under real economic conditions. Once verified, the same code is sent to Moonbeam on Polkadot.
To do this, a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks are provided. This allows developers to deploy existing Solidity smart contracts and Moonriver DApp frontends with minimal changes.
The Aurora Near blockchain provides compatibility with Ethereum and serves to scale the main Near blockchain. Thanks to this, fast transfer of transactions with a low commission for gas is achieved. Also, the company makes a significant contribution to the development of the DeFi market. The total blocked liquidity of Aurora Near exceeds $496 million, and the number of projects launched on this blockchain has already reached 86 companies. The implementation of the Aurora blockchain will allow Alium.Finance users seamlessly transfer, store, and trade tokens created on this platform. With low costs, best-in-class transaction finality, and scalability, Aurora redefines what is possible in the Ethereum ecosystem while also expanding NEAR’s ecosystem to welcome and accommodate EVM-based applications. With Aurora, Ethereum users can work with familiar applications while benefiting from the efficiency of NEAR; as the transaction cost is several orders of magnitude cheaper than that of Ethereum, Aurora removes a steep financial barrier to entry for users and developers — especially newcomers to the ecosystem.
The introduction of three blockchains will allow Alium.Finance users to get direct access to the networks, as well as attract a new audience to the site, freely send tokens using our bridges. In addition, this event is of great importance for token holders. By attracting a new audience to Alium.Finance, we get new users, liquidity and trading volumes which would positively affect the value of the ALM token,” the company commented.
Today, the Alium.Finance platform already supports 9 of the most popular blockchains, including BSC, Huobi ECO Chain, Polygon Matic, Fantom Opera, Ethereum, Metis, Moonriver, Moonbeam and Aurora. This allows users to seamlessly exchange tokens created on different blockchains quickly and securely. In addition, the developers of Alium.Finance are constantly improving the mechanisms of protection and security.
Hey there, everyone! As February has come to an end, we resume our monthly development updates article cycle. February was quite a prolific month for Alium Finance team — the development, marketing, and design departments were working tirelessly, as a result, we’ve made extensive progress in numerous fields. Fasten your seatbelts — we are getting into details!
Major Updates
Hybrid Liquidity All Chains Support
One of the most prominent features of AliumSwap — Hybrid Liquidity which allows using third-party liquidity in case of insufficient liquidity — has been finally rolled out for all chains AliumSwap currently supports. No more huge price impact, no more ‘not enough liquidity’ error messages. AliumSwap is all about convenience and a smooth user experience.
As we’re nearing the end of the first year of project development, our team has finally decided that the timing is perfect for the first CEX listing. It’s our pleasure to get listed on MEXC exchange — one of the most popular centralized exchanges out there. With MEXC 6 bln$ daily trading volumes, we expect to get many more $ALM holders and ramp up the trading volume substantially. Along with the listing, we’ve launched an aggressive marketing campaign to attract traders’ attention to the $ALM token.
Metis Andromeda Integration&Bridge Deployment
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. Metis-EVM bridge is also ready for use.
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.
Minor Updates
Farming ticket purchase is no longer available until the start of Wave 2
It’s now possible to add a token from the token list straight to your wallet with one click.
New SHP 2.0 Contract is deployed, from now on users will be entering the new contract pools, old pools are still being managed by the old contract. Minimum entry threshold has been set — 1000 ALM.
When changing the network, users will be offered to add the new network to their wallet automatically.
A few bug fixes and design edits
That’s it for February, folks, but have no doubts — the most exciting stuff is still ahead, so stay tuned and don’t miss our announcements!
