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Alium Finance: All-in-One DeFi & NFT Ecosystem

Alium Finance is a multichain decentralized finance (DeFi) ecosystem with an ambitious roadmap of CrossChain DeFi and non-fungible token (NFT) products. Their aim is to offer its users a single interface multichain ecosystem so they can enjoy different DeFi and NFT products on different blockchains without having to hop from one platform to another.  

Alium Swap AMM DEX

Existing AMM DEXs (Automated Market Maker Decentralized Exchanges) have several limitations and disadvantages that prevent them from providing maximum profit and benefits for their users. Decentralized exchanges on different blockchains do not interact with each other and the transfer of assets between them creates serious difficulties for users.

To enable users to extract the maximum profit and choose the blockchain that best suits their needs, Alium Finance has created an advanced multi-blockchain AMM MultiChain DEX called Alium Swap.

It will allow users to safely trade assets and quickly transfer them between different blockchains. Implementing the best features from existing protocols, Alium Swap creates a complete ecosystem of DeFi products that meets a broad variety of customer demands.

Token swap on Alium Swap is a very simple way to trade one token for another via automated liquidity pools. Currently, they have integrated Ethereum, Polygon, Binance Smart Chain (BSC), and Huobi ECO Chain networks. They have also launched a BSC-Polygon Bridge with plans for more bridges between chains to be released soon.

The liquidity provided to the exchange comes from Liquidity Providers (LPs) who stake their tokens in liquidity pools. When users make a token swap (trade) on the exchange they will pay a 0.25% trading fee, which is broken down as follows:

  • 0.20% – Returned to liquidity pools in the form of a fee reward for liquidity providers.
  • 0.05% – Sent to the Alium Swap Treasury.

For a smoother and mobile experience, Alium Swap also offers a mobile app available to users on Android and Apple devices.

$ALM Token

$ALM token is a utility token for the whole Alium ecosystem – it will be used on the DEX, NFT (non-fungible token) marketplace, in their NFT game, as well as for governance and staking.

  • DEX – Providing liquidity, profit sharing between $ALM holders, airdrops
  • NFT Marketplace – $ALM minting bonus and NFT auctions
  • Smart Farming – LP token $ALM farming and next gen $ALM farming
  • DAO – Voting with $ALM and proposals with $ALM
  • Staking – Dynamic $ALM staking pools

$ALM is a BEP-20 token which means that any wallet supporting Binance Smart Chain can be used for storing $ALM. In the future, ETH-wrapped ALM will also be available.

Liquidity Migration

The Alium development team has introduced the ‘vampiring’ function now available on the platform. You can access it here: https://alium.finance/migrate

Liquidity migration, or ‘vampiring’, is a process that allows users to transfer their liquidity from one exchange to another within the same chain, utilizing the most profitable rates on offer across various protocols and exchanges. 

The introduction of the given function on the Alium exchange is needed to allow users to easily transfer their liquidity from other DEXs to Alium Finance for farming $ALM tokens with a greater degree of convenience and profitability. The BSC, Ethereum, and Polygon blockchains, as well as the exchanges they support, are available via the ‘vampiring’ function.

Smart Farming & Strong Holders Pool

Strong Holders Pool is a mechanic developed to incentivize holding $ALM, not selling. To prevent the Farm & Dump phenomenon, which many projects and communities suffer from after the Farming Campaigns, Alium decided to introduce the Smart Farming Pools to reward the Strong Holders at the expense of Flippers.

Strong Holders Pools are available to both Farmers and $ALM holders who didn’t participate in Farming. After you harvest the Farmed ALMs, 90% of $ALM go straight into Strong Holders’ Pools of 100 participants each. When the pool is formed, the game begins. The first users withdraw some of their tokens, which will be rewarded to Diamond Hands, who withdraw last.

The first 60 users who leave the pool will be at a loss while the last 40 users of the pool will be in profit. The amount of tokens lost/gained depends on the proportion between pool participants’ holdings.

Apart from that, the last 8 users of every pool will be rewarded usable NFTs for Alium’s play-to-earn (P2E) game Cyber City Inc.

Cyber City Inc NFT Game

Cyber City is Alium’s first P2E NFT game with collectible drops set in a futuristic cyberpunk world. The play-to-earn (P2E) model is an explosive trend in the blockchain and gaming industry where players of NFT games get to collect lucrative rewards for playing. 

In the not-so-distant future, Cyber City dominates the planet, and corporations run the world.

These Corporations control all the wealth and resources, leaving the inhabitants of the City in a dire existence. Cyber City Streets are ugly, cruel and dangerous. A perfect environment for the strongest and most cunning to claw their way to the top. The game features Tokenized Assets and NFT Characters set in the futuristic metaverse called Endless Megapolis.

The Cyber City Genesis Wave NFTs is currently available for purchase through partners such as NFTb, Hyperjump, and Niftify among others. The Genesis Wave will have 6,000 NFT boxes that will contain 10,000 characters, 10,000 city blocks, and 450,000 in-game resources. The game is set to release its beta version in July 2022.

Alium.Art NFT Marketplace

One of the main goals of the project is to attract attention to new and promising technologies with a special focus on NFTs. The project development team believes in the integration and use of advanced solutions based on NFTs and has announced the launch of an NFT marketplace called Alium.Art with the implementation of a cross-play NFT asset protocol for blockchain-based games. 

Allium.Art is being developed using a design philosophy that is artist-centered with a high degree of customization. Some key features in development:

  • Multi-Blockchain
  • Private Collections
  • Collections Customization
  • Easy Onboarding
  • Customizable Galleries
  • Charity Auctions
  • VR/AR Galleries
  • Categories Search
  • Easy Onboarding

The platform aims to empower artists to sell their art on their terms, represent it in a digital environment using AR and VR technologies, and benefit from selling their art in the form of NFTs. For buyers, it will be a way to acquire unique digital artwork and enter the modern crypto art market. Easy onboarding will ensure anyone can become part of the thriving community, no matter artist, collector, or crypto enthusiast.

Tokenomics via NFTs

The Alium token economic model strives to make it resilient to fluctuations using a distribution model called Initial NFT Offering (INO). The Alium team is confident that this will provide an opportunity to reduce the volatility of the $ALM token value, despite potential high demand for the token.

NFTs are a new milestone in the development of DeFi and the blockchain in general, so the team paid great attention to the development of this direction. The main feature of their approach is the so-called NFT 2.0, which not only acts as collectible cards or tokens but can also be used in various applications as an object of interaction.

All the Smart Farming Pools are built on this principle and users with NFT cards will have the opportunity to increase their profit in farming through NFT cards.

Roadmap for 2022

  • Synthetic ALM Token (BSC <> ETH)
  • Tron Integration
  • Avalanche Integration
  • CYBR Token Launch
  • Cyber City Inc NFT Marketplace
  • Cyber City Inc Clan NFT Drops
  • ALM Staking – CYBR Farming
  • External Liquidity Pools
  • Staking Platform
  • Super ALM (Governance Token / DAO / Burn)
  • Cyber City Inc Light Game Launch
  • Cyber City Inc full release

For more information, check out their official channels below:

Website – https://alium.finance

Twitter – https://twitter.com/AliumSwap

Telegram – https://t.me/aliumswap_official

Medium – https://aliumswap.medium.com/

Sources:

https://docs.alium.finance/

https://aliumswap.medium.com/introducing-alium-finance-b228d570c6fa

https://morioh.com/p/54ff6ae9837e

https://techbullion.com/alium-finance-year-in-review-and-plans-for-2022/

https://blog.nftb.io/nftb-announced-strategic-partnership-with-alium-finance-to-expand-multi-chain-nft-adoption-2cb6638928ae

The information provided in this article is intended for general guidance and information purposes only. Contents of this article are under no circumstances intended to be considered as investment, business, legal or tax advice. We do not accept any responsibility for individual decisions made based on this article and we strongly encourage you to do your own research before taking any action. Although best efforts are made to ensure that all information provided herein is accurate and up to date, omissions, errors, or mistakes may occur. 
Disclosure: Authors are invested in cryptocurrency projects and have cryptocurrency holdings - including those covered on this website. 

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