Alchemix USD One Day Volume Reaches $333,277.67 (ALUSD)

Alchemix USD (ALUSD) traded 0.1% lower against the U.S. dollar during the 24 hour period ending at 7:00 AM E.T. on January 25th. In the last seven days, Alchemix USD has traded 1.2% higher against the U.S. dollar. One Alchemix USD token can now be purchased for approximately $0.98 or 0.00004333 BTC on popular cryptocurrency exchanges. Alchemix USD has a total market capitalization of $234.68 million and approximately $333,277.67 worth of Alchemix USD was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

  • Aidi Finance (BSC) (AIDI) traded 7.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded down 4.6% against the dollar and now trades at $0.0588 or 0.00000260 BTC.
  • CareCoin (CARES) traded 4.6% lower against the dollar and now trades at $0.0730 or 0.00000323 BTC.
  • OmniaVerse (OMNIA) traded 61.2% higher against the dollar and now trades at $0.0033 or 0.00000015 BTC.
  • Kitty Inu (KITTY) traded 4.6% lower against the dollar and now trades at $90.41 or 0.00400004 BTC.
  • Lunar (LNR) traded 1.7% lower against the dollar and now trades at $0.0284 or 0.00000126 BTC.
  • Hokkaidu Inu (HOKK) traded down 4.4% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded down 4.6% against the dollar and now trades at $6,346.19 or 0.28077339 BTC.
  • 2G Carbon Coin (2GCC) traded 0.2% higher against the dollar and now trades at $135.94 or 0.00601437 BTC.
  • Lego Coin (LEGO) traded down 1.7% against the dollar and now trades at $0.0397 or 0.00000175 BTC.

Alchemix USD Token Profile

Alchemix USD’s genesis date was 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 message board is alchemixfi.medium.com. The official website for Alchemix USD is alchemix.fi. Alchemix USD’s official Twitter account is @alchemixfi and its Facebook page is accessible here.

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 currently 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, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Alchemix USD using one of the aforementioned exchanges.

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