Tag: Product

Alium Green Button NFTs Explained

Posted on 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.

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. 

How to Use On-Ramp & Off-Ramp Feature

Posted on by Alium Finance

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

Learn more about the definition &  importance of KYC

  • Once you complete the verification, you will be able to access your Transak account via Alium Finance

From now on, you are ready to go!

Try it yourself and leave us your feedback via our Social Media Channels.

Instant KYC by Transak Explained

Posted on by Alium Finance

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.

Roadmap Update

Posted on by Alium Finance

Hi everyone!

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!

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

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/

AliumSwap Integration with OKC

Posted on by admin

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.

Follow the Official Channels:

Official Web: https://alium.finance/

Docs: https://docs.alium.finance/

Blog: https://blog.alium.finance/

Github https://github.com/alium-official

Twitter https://twitter.com/AliumSwap

Telegram: https://t.me/aliumswap_official

Linkedin: https://www.linkedin.com/company/75861509/