Alchemix USD Hits 24 Hour Trading Volume of $31,910.48 (ALUSD)

Alchemix USD (ALUSD) traded up 0% against the U.S. dollar during the 24 hour period ending at 18:00 PM Eastern on April 19th. Over the last week, Alchemix USD has traded 0% higher against the U.S. dollar. One Alchemix USD token can now be purchased for about $0.82 or 0.00003179 BTC on popular exchanges. Alchemix USD has a total market capitalization of $165.33 million and approximately $31,910.48 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 down 1.5% against the dollar and now trades at $0.33 or 0.00000520 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 1.7% against the dollar and now trades at $0.0087 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Alchemix USD Token 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. Alchemix USD’s official message board is alchemixfi.medium.com. Alchemix USD’s official website is alchemix.fi.

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 possible to purchase alternative cryptocurrencies such as Alchemix USD directly using U.S. dollars. Investors seeking to acquire Alchemix USD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Alchemix USD using one of the exchanges listed above.

ALUSD/USD price chart by TradingView