Alium Green Button NFTs Explained

Posted on 21.04.202324.04.2023 by Igor

Alium is joining the trend of gamification and decentralized finance (DeFi) by integrating NFTs into its DeFi platform. NFTs have gained widespread popularity in recent years due to their unique ability to provide digital ownership and scarcity to digital assets. By incorporating NFTs into its platform, Alium aims to offer its users a unique gaming experience that combines the thrill of gaming with the opportunities for financial growth offered by DeFi.

In this article, we will discuss the main NFT usability features that Alium will implement and how they will provide users with an enhanced gaming and DeFi experience.

Even now at the NFT Holder Area users can see the current level of their NFT and the number of upgrades required to reach the next level. As users progress to higher levels, they will unlock new features such as participation in staking, Battle Royale, and other gamification features, which will be described below.

For now, users who participate in the first phase of gamification – Alium Green Button have the chance to win and upgrade NFTs – Planets. These NFTs are not just pictures but have real usability features. Great number of usability will be released at the second phase of gamification, when users will be able to sell and purchase the NFTs directly from other users at the Alium Battle Royale auction. This feature will provide an opportunity for users to trade NFTs and build their collections.

In the next quarter, Alium will introduce an NFT staking feature that will allow users to earn ALM tokens and other NFTs by staking their Planets. Staking options and pools will be closely connected, as users will extract resources from their Planets to earn rewards, but this will downgrade the evolution level of the Planet. In a real-world scenario, extracting resources from the planet will lead to environmental degradation, and users will have to invest in the Planet’s ecosystem to make it green and healthy again.

And finally, Alium will add a feature that will enable users to upgrade their NFTs using ALM tokens. This feature will give users the opportunity to increase the usability of their NFTs and unlock new features.

Currently, the NFTs available to win are Genesis Planets, with identical balanced configurations of available resources. However, with the second and third phases of gamification, Alium Green Button will introduce new Planets with different resource configurations that will influence the staking yield and future gamification features.

In conclusion, Alium’s NFT – Planets are a unifying feature across all phases of gamification, including the already launched Alium Green Button (AGB), as well as the upcoming phases planned to be released this year. These NFTs offer users a tangible and unique way to engage with the Alium platform and take part in its gamification features. The NFTs can be won through AGB or purchased through the Alium Battle Royale auction from other users. Additionally, users can stake their NFTs to earn ALM tokens and other NFTs, and even upgrade their NFTs using ALM tokens. As the Alium platform continues to expand and evolve with new planets, resource configurations, and gamification features, these NFTs will remain a key component in providing users with an interactive and engaging gaming experience that combines gamification and DeFi.

Learn with Alium: How to Provide Liquidity and Generate Income

Posted on 22.07.202220.10.2022 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.

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 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

How to Use Cross-chain Feature by AliumSwap

Posted on 22.07.202222.07.2022 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

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.