Alchemix USD (ALUSD) traded flat against the US dollar during the 1 day period ending at 21:00 PM Eastern on March 18th. Alchemix USD has a total market cap of $236.55 million and $67.26 worth of Alchemix USD was traded on exchanges in the last 24 hours. Over the last seven days, Alchemix USD has traded down 0.8% against the US dollar. One Alchemix USD token can currently be bought for approximately $0.99 or 0.00003993 BTC on popular cryptocurrency exchanges.
Here is how related cryptocurrencies have performed over the last 24 hours:
- KILT Protocol (KILT) traded 10.9% lower against the dollar and now trades at $0.40 or 0.00001485 BTC.
- Aidi Finance (BSC) (AIDI) traded up 0% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
- Zoo Token (ZOOT) traded 1.9% lower against the dollar and now trades at $0.0667 or 0.00000246 BTC.
- CareCoin (CARES) traded 1.9% lower against the dollar and now trades at $0.0827 or 0.00000306 BTC.
- OmniaVerse (OMNIA) traded up 66.1% against the dollar and now trades at $0.0013 or 0.00000005 BTC.
- Kitty Inu (KITTY) traded 1.9% lower against the dollar and now trades at $98.93 or 0.00365664 BTC.
- FEG Token (FEG) traded down 1.9% against the dollar and now trades at $0.0008 or 0.00000003 BTC.
- Hokkaidu Inu (HOKK) traded 1.3% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
- QANplatform (QANX) traded down 1.9% against the dollar and now trades at $7,190.88 or 0.26577750 BTC.
- Lego Coin (LEGO) traded up 21.3% against the dollar and now trades at $0.0172 or 0.00000063 BTC.
About Alchemix USD
Alchemix USD launched on February 27th, 2021. Alchemix USD’s total supply is 3,291,070 tokens and its circulating supply is 238,707,111 tokens. Alchemix USD’s official Twitter account is @alchemixfi and its Facebook page is accessible here. The official website for Alchemix USD is alchemix.fi. The official message board for Alchemix USD is alchemixfi.medium.com.
The requirements for creating such a synthetic token is that any existing token, such as stablecoins or ERC20s, must already have a yield generating mechanism on chain. This could be lending markets, such as Compound or AAVE, or vault-like products, such as the yvDAI Vault, or aLINK Vault. The Alchemix team are targeting stablecoins for our first synthetic token, which will be called alUSD (the al denoting the Alchemix platform).
The plan is for alUSD to be mintable from several stablecoins, but the protocol will initially only support DAI. The examples in the following sections for alUSD will apply to other al-Tokens in a near identical way. The dApp contains the following components: Vaults, Transmuter, Farming, and Treasury.”
Buying and Selling Alchemix USD
It is usually not possible to purchase alternative cryptocurrencies such as Alchemix USD directly using US dollars. Investors seeking to acquire Alchemix USD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Alchemix USD using one of the exchanges listed above.
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