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.

Website: https://alchemix.fi/

Blockchain browser: https://cn.etherscan.com/token/0xdbdb4d16eda451d0503b854cf79d55697f90c8df

Whitepaper: https://alchemix.fi/c93eab454c206f9e1f054c723911112f.pdf

If you have problems, please contact LBank official email: service@lbank.info, and we will provide sincere, friendly and immediate service for you. We also welcome you to join LBank.info official English community to discuss the latest issue, (Telegram): https://t.me/LBank_en.

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LBank (https://www.lbank.info) ——The World’s Leading Digital Asset Exchange.

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LBank Exchange

LBank Exchange

LBank (https://www.lbank.info) ——The World’s Leading Digital Asset Exchange.

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