Alchemix ALCX

What is Alchemix?

The Alchemix token or ALCX is a utility token native to the Alchemix platform.

ALCX serves as a governance token. This means that token holders receive voting rights and can cast their vote in the decision-making process in Alchemix DAO.

There is no max cap of ALCX tokens. They are to be distributed as follows:

• 80% - Staking Pools;
• 15% - Alchemix DAO;
• 5% - Bug Bounty.

Just like the majority of cryptocurrencies, Alchemix can be quite volatile. Therefore, it’s important to monitor the ALCX price before making any purchase decisions. You can do so via our price graph above.

What are the Main Features of Alchemix?

Alchemix describes itself as a synthetic asset protocol. 

Its core feature is self-repaying loans. To put it simply, Alchemix uses the collateral that the borrower put forward when taking out a loan to generate yield. This yield is then used to pay back the loan. 

As discussed in the What is Alchemix section, the project is governed by the community via a decentralized autonomous organization - Alchemix DAO. The primary goal of this DAO is to fund the Alchemix ecosystem.

Alchemix has been audited by Runtime Verification. This audit report is publicly available for anyone to review.

Who Developed Alchemix?

The Alchemix crypto project was launched in 2021. Its founding team members have chosen to remain anonymous, introducing themselves under the alias Scoopy Trooples.

Don’t forget to check the ALCX price on the graph above before jumping into the project.