Four reasons to choose Alium.Finance if you are an active user of cryptocurrencies
March 23 2022 - 7:50AM
NEWSBTC
According to the analytical resource Blockchain.com, the number of
active crypto wallets in the world has exceeded 81 million. This
means that every hundredth inhabitant of the planet already uses
digital currencies as an investment or mean of payment. And every
year this number is only increasing. At the same time, the crypto
business creates new opportunities and conditions for the use of
crypto assets among ordinary users, and the popularization of
decentralized finance has greatly simplified the use of
cryptocurrencies in everyday life. Today, DEX platforms allow not
only to exchange one cryptocurrency for another in one click, but
also offer new types of earnings: staking, liquidity farming, and
many others. Moreover, crypto users can lend to other market
participants and receive guaranteed payments for providing
liquidity. In this article, we figured out what opportunities the
Alium.Finance platform provides to its users and what unique
opportunities are available for professionals, novice crypto users,
and even businesses. What is Alium Finance Alium.Finance is a
multi-chain DeFi ecosystem that includes several products, such as
a multi-chain exchange that supports the 9 most popular
blockchains, multi-chain bridges that help transfer tokens between
different blockchains, the Strong Holders Pool, a hybrid liquidity
function, and ALM native token. Separately, it is worth mentioning
the NFT project and the Play-2-Earn game Cyber.City, which is being
developed by Alium.Finance. The release of this game will be
presented in the near future. Despite the fact that the company was
launched quite recently, today hundreds of users from all over the
world choose solutions from Alium.Finance, because the company
solves the main problems of the DeFi market by offering effective
tools for exchanging cryptocurrency and making money on it. So,
what makes Alium.Finance so attractive to users? Easy exchange of
tokens between blockchains Today, there are at least fifty
blockchains of various levels on the market, on the basis of which
thousands of different tokens have been issued. The main problem is
that many chains do not exchange information with each other, which
means that it becomes problematic to exchange one token for
another. Let’s take a simple example. You need to exchange a BEP-20
token created on BSC for an ERC20 token backed by the Metis
Andromeda blockchain. The blockchains are not aligned with each
other, which means that it will not be possible to transfer tokens
in the usual way. This is where Alium.Finance solutions matter. The
user just needs to go to the Alium.Swap site, select an exchanged
token and a received token, then confirm the operation. Thanks to
the created bridges between blockchains, the exchange will take
only a few seconds, and the operation itself is carried out
according to the algorithm: BEP-20 token – ALM token – ERC20 token.
An auxiliary tool for the exchange is the native token of the ALM
project, thanks to which the token is converted from one blockchain
to another. At the same time, users have to pay only 1% commission
for conversion, and the exchange itself takes only a few seconds.
Liquidity Migration or Vampiring Vampiring in cryptocurrencies has
nothing to do with horror movie characters. On the contrary, the
vampiring feature allows you to earn even more by moving liquidity
from one blockchain to another. 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,
Alium.Finance users can transfer their liquidity in the following
directions: Under the Ethereum protocol: Uniswap v2, Sushiswap; On
Binance Smart Chain: Pancake, Bakeryswap, Biswap, MDEX,
Pancakebunny, Rabbit finance, Pantherswap, Autoshark, Apeswap,
Cashcow finance; On the Polygon network: Quickswap, Honeyswap,
Firebird Finance, Dfyn Network, Polycat finance, Polyyeld,
Kogefarm; On HECO: MDEX; Fantom: SpookySwap , Spirit Swap; Metis:
NetSwap, Tethys.finance; Moonriver: SushiSwap; Moonbeam:
StellaSwap, beamswap; Near Aurora: NearPad , io; Liquidity
migration is already available to users. Hybrid liquidity for DEX
The main problem of all existing DEXs is the lack of liquidity. In
other words, if the platform does not have enough free funds to
make transactions, then users simply cannot buy or sell coins. By
the way, this problem was also inherent in many centralized
exchanges, which, at the time of lack of liquidity, simply went
offline, and users could not withdraw their funds or sell coins.
Alium.Finance solves this problem with its hybrid liquidity
feature. Hybrid liquidity allows traders to use both the liquidity
available on Alium and most major exchanges, using an algorithm to
select the best price. This makes Alium an ideal DeFi hub with
quite a large number of networks. Alium already supports
blockchains such as BSC, Ethereum, Huobi Eco Chain, Polygon Matic
Chain, Fantom Opera, Metis Andromeda, Moonriver, Moonbeam, and
Aurora. The hybrid liquidity model allows you to minimize the need
for funds in Cross-Chain Swaps, which ensures the smooth and safe
operation of traders. Strong Holders Pool – the best solution for
passive income Another development of Alium.Finance allows
participants to earn tokens by simply holding them in a liquidity
pool. The company first announced the launch of the Strong Holders
Pool at the end of 2021. The mechanics allow you to incentivize
token holders not to sell the assets, but to HODL them for a long
period of time. The rules for participation are very simple. One
hundred participants are added to each of the pools and contribute
tokens. Then you just need to keep them for a certain amount of
time, and in return receive a fixed reward. The first 60 users to
leave the pool will be at a loss, while the last 40 users of the
pool will make a profit. The tokens of the withdrawn participants
will be divided among the remaining ones in proportion to their
share in the pool. Such a system helps to solve several problems at
once. First, token issuers will be protected from token price
dumps, which are often observed after a token sale and listing on
the DEX or CEX. Secondly, users themselves get the opportunity to
earn passively on cryptocurrencies. All you have to do is wait
until the pool expires. Already today Alium.Finance has 9 open
pools. Another pool is under formation, so every ALM token holder
can join it at any moment. Since the launch of the Strong Holders
Pool, more than 900 people have become participants. Summary The
DeFi market is constantly evolving and improving, offering new
opportunities for users. The Alium.Finance company offers modern
and effective tools for earning money on cryptocurrencies.
Multi-chain DEX and liquidity migration functions, Strong Holders
Pool allow you to effectively manage crypto assets, as well as
increase them through holding, and in the future, farming. Already
today, users are choosing Alium.Finance solutions to solve the most
pressing problems of the decentralized finance sector.
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