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
Transak’s On-Ramp and Off-Ramp service is a feature that allows users to easily convert between cryptocurrencies and fiat currencies. The On-Ramp service allows users to buy cryptocurrencies using fiat currency, such as USD, EUR, and GBP. The Off-Ramp service allows users to sell cryptocurrencies for fiat currency. This feature makes it easy for users to move in and out of the crypto market, without the need to go through multiple exchanges or service providers. The service is designed to be fast, secure, and user-friendly, allowing users to quickly and easily access the crypto market.
In order to complete the registration process and start to use on-ramp and off-ramp services, every user must complete KYC by Transak.
What is Instant KYC by Transak
Transak supports the Instant KYC service, which allows users to quickly and easily verify their identity for the purpose of buying and selling cryptocurrencies. KYC, or “Know Your Customer” is a process that financial institutions use to verify the identity of their customers. This process is typically required for compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.
Instant KYC service is designed to be fast, easy, and secure. It uses cutting-edge technology, such as facial recognition and document verification, to quickly and accurately verify users’ identities. This allows users to complete the verification process in a matter of minutes, rather than days or weeks. The service is also designed to be highly secure, using advanced encryption and other security measures to protect users’ personal information.
This service is beneficial for users who want to buy or sell cryptocurrencies in a fast, secure, and compliant way, and for businesses that want to integrate cryptocurrency payments into their existing systems, without the need for additional legal and compliance processes.
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.
If you’re reading this, chances are you are a part of our community and if that is the case we want to say thank you for your patience. It will be rewarded! If you’re joining our community now, it’s the best time to do it. Thank you as we appreciate everyone’s support.
Don’t sleep on our team because our team is not sleeping on you. They were busy building and improving the technology that we are so proud of and that makes us unique in the market. You will start seeing a lot of improvements starting as soon as May! So what are we so excited about?
Multi-Chain DEX release
…or as we like to call it “a world of finance reDeFined”! It’s a real game changer! It’s a unique, fast and reliable DEX that will allow trading and swapping tokens in just a few clicks across 9 different blockchains. This DEX has a bright future ahead and it’s built upon our $alm token. We’re getting ready for an exciting, wonderful year! Join us if you haven’t already!
ETH — HECO Bridges
Once we release our multi-chain DEX our work is not done. We are upgrading the cross chain interoperability and building bridges with our partners. We have some amazing upgrades here as well. ETH and HECO are becoming a part of our financial ecosystem!
We also have two major announcements for our Cybercity project. This May we are reaching two important milestones.
Cybercity IDO and a Cybercity Marketplace release!
These will take Cybercity up to a new level! We will cover all the news more in detail in the coming days. Stay tuned and informed by following our social media accounts.
We are super excited about all this and grateful for the opportunity to see our community reaping some rewards and benefits from our hard work. If you’re as excited as we are — show us some love with emojis!
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!
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.
We know you’ve been asking a lot about what we are doing under the hood. We always listen to our community, so our community team decided to collaborate with the development team. We are ready to present you with a summary of the latest progress report.
So, shall we start?
Liquidity Aggregator
Did you ever go to a decentralized exchange, select some unpopular token, try to swap, and see a huge price impact? That is due to insufficient liquidity on DEX, and will not be an issue anymore as Liquidity Aggregator comes to the rescue.
Liquidity Aggregator is a special Smart Contract that will get liquidity from other exchanges if we don’t have enough on our DEX. We believe this solution will end the problem of low liquidity once and for all.
We hope you won’t see such a high price impact anymore
AliumSwap x Fantom
We updated the roadmap: Avalanche and Solana were replaced with the Fantom network. Don’t worry, they will come sooner or later, but for now, we have decided to change our priorities since Fantom has been getting quite popular lately. It’s a tiny sneak peek, but we expect to release it this month, and it’s already on staging. Stay tuned; we will provide more details with the upcoming announcement.
SHP Redesign
Strong Holders Pools have been redesigned with a more minimalistic design almost from the ground up. The total value locked, which is now displayed in US dollars, should give you a better understanding and transparency of how much funds are locked in SHP. We believe these little cards remind you of something, aren’t they? Maybe it looks like farming cards or something like that? Well, you’ll know soon enough 😉
Looks neat, yeah?
Alium Router Smart Contract Audit
We always value our security, so that’s why we asked Quillhash to audit our router Smart Contract. The good news is that Quillhash found no High or Medium issues, and one of the Low severity issues is already fixed, while the other one is in the works.
Nobody likes to talk about bugs, but we believe we should, as most of the development is just about fixing those nasty bugs.
So, there was an issue on our site: if you have ever connected Metamask to our site before and come back later, Metamask would ask you to connect again, and if you decline it… BOOM, you will have the UI entirely blocked with a pesky spinner. This bug was unnoticed for some time as nobody reported it. But we caught it, and now we are limiting spinners supply in our company.
Fixed!
That’s it for now, but we’ll make sure to keep you guys posted regarding any updates from now on. Stay tuned to our official Telegram channel and Twitter.
