ALCX/USDT trading on WazirX

By April 19, 20222 minute read

Namaste Tribe! 🙏

Alchemix is listed on WazirX and you can buy, sell, trade ALCX in the USDT market.

ALCX/USDT trading is live on WazirX! Share this

What about ALCX Deposits & Withdrawals?

Alchemix is a part of our Rapid Listing Initiative. Hence, we will start ALCX trading by enabling its deposits on WazirX via Binance.

What does it mean for you?

  • Deposits — You can deposit ALCX from Binance wallet to WazirX.
  • Trading — You can buy, sell, trade ALCX in our USDT market. When you buy ALCX, it will appear in your “Funds”.
  • Withdrawals — You will be able to withdraw ALCX in a few days after the listing.

About ALCX

Alchemix is a new DeFi lending protocol. Its special sauce: loans that repay themselves automatically. Alchemix presents a new way of paying back debt. It uses the yield earned from the deposit to amortize the users’ debt. The longer you leave your deposit, the more yield you can earn and consequently have more of your loan paid back. With Alchemix, you make a deposit to the protocol, and that deposit becomes collateral for a loan you can take out: up to $1 for every $2 that you deposit. Alchemix takes your deposits and puts them in Yearn’s vaults to earn yield. Over time, that yield — about 12% APY at the time of writing — automatically (or “automagically,” to use the Alchemix community term) pays off your debt.

  • Trading price (at the time of writing): $76.84 USD
  • Global Market Cap (at the time of writing): $95,973,099 USD
  • Global Trading Volume (at the time of writing): $9,149,918 USD
  • Circulating Supply: 1,248,674.61 ALCX
  • Total Supply: 1,480,526 ALCX

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Happy Trading! 🚀

Risk Warning: Crypto trading is subject to high market risk. Please ensure that you undertake sufficient risk assessment when trading newly listed tokens as they are often subject to high price volatility. WazirX will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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