ALCX（Alchemix）to be Listed on LBank “FARM Trading Zone”
Dear LBank users:
ALCX（Alchemix）will be listed on LBank “FARM Trading Zone”at 20:00 on March 3, 2021 (UTC+8), the details are as follows:
Trading Pair: ALCX/USDT
Deposit Enable: 19:00 on March 3, 2021 (UTC+8)
Trading Open: 20:00 on March 3, 2021 (UTC+8)
Withdrawal Enable: 19:00 on March 4, 2021 (UTC+8)
· About ALCX（Alchemix）
Alchemix is a DeFi protocol that uses a synthetic asset token model to help users obtain future income from deposits. The agreement allows users to retrieve part of their temporary pledged stablecoin deposits.
Token Economic Model
As the governance token of the Alchemix ecology, ALCX can participate in the governance of the ecology
The current maximum supply: 958014
Release mechanism: 22,344 ALCX tokens will be issued in the first week, and 130 ALCX tokens will be reduced every week for three years.
After three years, 2200 ALCX tokens will be produced every week until the maximum supply of ALCX is 958014 to incentivize the continued demand of the ecosystem.
60%: The community is mainly obtained through four staking methods
20%: DAO organization, of which 5% of tokens will be used for bug rewards
20%: pool dedicated to the development team
All tokens have a three-year non-linear output.
How to obtain ALCX
Sushiswap provides liquidity for the ALCX/ETH trading pair, and pledges the obtained SLP Token to Farm’s ALCX/ETH SLP POOL
Use DAI (currently only supports DAI) to mint alUSD, and pledge the minted alUSD to the alUSD pool
Staking ALCX can also obtain ALCX tokens rewarded by the system, or obtain ALCX on Sushiswap;
By providing alUSD/DAI/USDC/USDT liquidity in Curve, and then staking in the Alchemix protocol, you can obtain ALCX DAO staking rewards.
Blockchain browser: https://cn.etherscan.com/token/0xdbdb4d16eda451d0503b854cf79d55697f90c8df
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