Alchemix USD Price Reaches $0.82 on Exchanges (ALUSD)

Alchemix USD (ALUSD) traded down 0.8% against the U.S. dollar during the one day period ending at 21:00 PM ET on May 8th. Alchemix USD has a total market capitalization of $161.76 million and $8,655.36 worth of Alchemix USD was traded on exchanges in the last day. During the last seven days, Alchemix USD has traded 0% higher against the U.S. dollar. One Alchemix USD token can now be purchased for approximately $0.82 or 0.00003179 BTC on exchanges.

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

• KILT Protocol (KILT) traded down 1.1% against the dollar and now trades at $0.30 or 0.00000482 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% 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 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.3% higher against the dollar and now trades at $0.0102 or 0.00000017 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Alchemix USD Profile

Alchemix USD launched 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 message board is alchemixfi.medium.com. Alchemix USD’s official Twitter account is @alchemixfi and its Facebook page is accessible here. The official website for Alchemix USD 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 presently possible to purchase alternative cryptocurrencies such as Alchemix USD directly using U.S. dollars. Investors seeking to trade Alchemix USD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Alchemix USD using one of the aforementioned exchanges.

ALUSD/USD price chart by TradingView