Alchemix USD (ALUSD) Trading 0.1% Higher Over Last Week

Alchemix USD (ALUSD) traded 0.1% lower against the US dollar during the 24 hour period ending at 18:00 PM E.T. on November 24th. Over the last seven days, Alchemix USD has traded up 0.1% against the US dollar. One Alchemix USD token can currently be purchased for approximately $0.99 or 0.00005985 BTC on popular exchanges. Alchemix USD has a market cap of $237.04 million and $1,695.37 worth of Alchemix USD was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

  • KILT Protocol (KILT) traded 4.8% lower against the dollar and now trades at $0.40 or 0.00002395 BTC.
  • Aidi Finance (BSC) (AIDI) traded up 6.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded up 2.5% against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded 2.5% higher against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 4.2% higher against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded 1.3% higher against the dollar and now trades at $1,419.06 or 0.08568953 BTC.
  • Kitty Inu (KITTY) traded up 2.5% against the dollar and now trades at $80.16 or 0.00483549 BTC.
  • Lunar (LNR) traded 2.9% higher against the dollar and now trades at $0.0601 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded 13.5% lower against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • QANplatform (QANX) traded up 2.5% against the dollar and now trades at $4,918.13 or 0.29667726 BTC.

Alchemix USD Profile

Alchemix USD was first traded 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.

According to CryptoCompare, “Alchemix is a platform to create yield-backed synthetic tokens.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 presently possible to purchase alternative cryptocurrencies such as Alchemix USD directly using U.S. dollars. Investors seeking to acquire Alchemix USD should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Alchemix USD using one of the aforementioned exchanges.

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