AMA Recap 404 Daily Crypto with AliumSwap

Hello 404 Daily Crypto Community

On 17th May 2021, AliumSwap conducted an AMA in the 404 Daily Crypto. Our guest is Chief Bussines Development Officer at Alium Swap, Denis Denisov.

Lots of questions as usual from the Community about AliumSwap. AliumSwap team took part in a very interesting AMA session which included Project introduction, Questions from Twitter and a live AMA session with the 404 Daily Crypto community. If you missed the AMA in person, read this recap for a deeper insight into AliumSwap.

Let’s take a look at the most interesting points of our conversation.

Segment 1 » Project Introduction

Before we go any further please can introduce yourself and your team please? We want to know you and your team, What you did before crypto, and how you got into crypto?

My name is Denis Denisov
I’m Chief Business Development Officer at Alium.Finance

Been in crypto since 2018, starting with importing Crypto Mining equipment and working my way up through many different positions at different projects

Alium team is handpicked selection of DeFi veterans with years of experience in Blockchain Industry
Both our Business Development and Smart Contact Development teams have vast experience and understanding of DeFi
Right now we have about 20–25 people on the team and we are expanding rapidly

Q1. Can you give us an introduction about AliumSwap.

Alium Finance is a MultiChain DeFi ecosystem with an ambitious roadmap of CrossChain DeFi and NFT products.

Alium Swap is the first Product in our Ecosystem
Alium Swap is a MultiChain Decentralized Exchange with a Cross Chain option already operating on Binance Smart Chain and Huobi ECOChain with Ethereum ,Near, Matic, Avalanche, OKExChain and more coming.

In simple terms we are building a Hub for users to experience Different DeFi and NFT Products on Different Blockchains through at one single safe and convenient place

Q2. How was the idea to create this project born? It is very interesting. What do you want to achieve?What are your expectations?

We saw that different DeFi ecosystems were born on different Blockchains, but they lacked the Bridge between them
That’s why we are creating a MultiChain DeFi Ecosystem with CrossChain bridges, to connect the Blockchains

Alium Swap is a Hub for users to experience Different DeFi and NFT Products on Different Blockchains through at one single safe and convenient place

Q3. Can you tell us what are the use case of $ALM token? and can you give us an overview of $ALM Token tokenomics?

ALM is both a Governance for our DAO and Utility token for our Ecosystem

It is the Core of Ecosystem, and holding it will give extra benefits while using our Products and Services
Including Smart Farming and Staking available in the future.

Can you tell us more about this “ Extra Benefits” by holding $ALM Token sir?

Sure , Holders will get higher % while providing Liquidity, Staking, Farming and more

Q4. I see that Alium Finance DEX just officially launched, What are the features of your trading platform?

We already Released Alium Swap on two blockchains Binance Smart Chain and Huobi ECO Chain

Users can already Trade and Provide Liquidity on these two Chains

Liquidity Migration Campaign coming soon too

Q5. Could you please provide some progress on your Roadmap and what results Alium Finance has achieved so far ? And What’s next for AliumSwap?

https://app.gitbook.com/@aliumswap/s/alium-finance/roadmap

We already Released Alium Swap on two blockchains Binance Smart Chain and Huobi ECO Chain

Next is 5+ more blockchains and Cross Chain Bridges between them

Also, Smart Farming, Smart Staking and a MultiChain NFT Marketplace

What we are looking forward to is to create a safe and convenient MultiChain Hub for users to experience all sorts of DeFi products on Multiple Blockchains without the need to jump platforms

Segment 2 » Question from Twitter

Q1 From @Enaksusu8
Token burning is beneficial for any project, as it controls the amount of token circulation and provides greater incentives to investors. Does your great #ALM project have plans for burning tokens in the future ? and what is the method of burning it ?

We didn’t have any Token Burning Plans so far
We have limited number of tokens
But if the situation on the Market Changes — we can adapt

Q2 From @KAPTENJ70635399
I’m really excited about the $ALM project, did you have any preparations for the $ALM ? Can you share it when and where is the link to buy it?

You can get ALM Starting Today with an AME at Launchpool

https://launchpool.medium.com/launchpool-announces-upcoming-ame-for-alium-multichain-amm-dex-with-cross-chain-option-248392d4ec20

3 IDOs on 18th of May at:
A2DAO
BSCPAD
MantraDAO

And an Initial NFT Offering at our own Platform right after the IDOs

You can already apply to a whitelist
https://forms.gle/moM9K8zcYGqUPsMM7

And Participate in the Allocation Lottery at https://gleam.io/hlW8z/aliumswap-allocation-contest

Total Token Supply for Public Sale is 12 500 000 ALM (5% of the supply)

Q3 From @kata_rendy
In the Aliumswap roadmap on gitbook in Q3 I saw a Polka Dot adoption Module. before that can you explain a little about this? When did this happen, is there an exact date?

We don’t have an exact date yet

PolkaDot is extremely ambitious Blockchain with a very fast growing DeFi ecosystem, and integrating it into our Multichain Solutions will benefit both our project and their ecosystem

Q4 From @Geri26221330
Currently “Staking” is a very popular topic. Can you please explain the detail about the $ALM staking plan and the benefits of adding “staking”?

Our Smart Staking will empower ALM and NFT holders to get extra benefits and Profits while using our DeFi and NFT Solutions

Q5 From @GarapTerus
From a non-crypto perspective, how will you explain your ecosystem and how reliable is your system data?

In simple terms we are building a Hub for users to experience Different DeFi and NFT Products on Different Blockchains through at one single safe and convenient place

We put great emphasis on Safety

All our smart contracts are audited by Top Smart Contract Auditors — CertiK, Hacken and Chainsulting

We also have an inhouse IT security team with great experience in providing security to some Top Crypto Exchanges in the past

Segment 3 » Community Questions (Live AMA)

Q1 From @Eminet001
Some projects only seems to existed just for their own mutual benefits, some tends to RUGPULL and SCAM, what’s the assurance you won’t RUGPULL or SCAM at the long run. Is the smart contract AUDITED. ?

We have fully Audited Smart Contracts by top Smart Contract Audit Firms Certik, Hacken and Chainsulting

We also have a public team with reputation to uphold

Q2 From @Aurellia12
Community support is one of the greatest aspects of the success of your project. Most projects have programs that each user interacts with. Does $ALIUMSWAP have a specific plan to attract and expand your community and improve user experience?

We have an extensive Plan related to Community Development, both Global and Local
Working with our regional Partners we already have Russian, Japanese and Vietnamese communities in Telegram
As well as Chinese community in WeChat
And their number continues to grow

We have strong partners all over the world helping us to expand our Community

Q3 From @Fostar007
Can you list 1–3 killer features of Your Project that makes it ahead of its competitors?
What is the competitive advantage your platform has that you feel most confident about?

MultiChain DEX with CrossChain Bridges for 7+ Blockchains
MultiChain NFT Marketplace
NFT 2.0 — Smart Staking, Smart Farming a other cool features

Q4 From @SANADALV
Can you please highlight more on the decentralization aspect using your technology. Also in the future, is it possible to quantify the level of decentralization and economic incentivization?

By Providing Smart Contract CrossChain Bridges we eliminate the need to go to Centralized Exchanges when needing to switch Blockchain

We are connecting the world of DeFi in a decentralized way

Yes, once the regulations kick in, like in Korea, users start appreciating DEXes more, quantifying the level of Decentralization is hard, but will be possible in the future

Q5 From@Edoirawa12
Alium.finance has partnered with alot even with a financial services company INFINITY CAPITAL, can you share with us what is the benefit that you got from this partnership?

Infinity Capital is our key partner in Vietnam, helping us with marketing activities and community building in Vietnam, which is a fast growing emerging Crypto Market with high potential

Thank you for answering questions from our community. Before the end of the AMA, maybe you want to say something to our community?

Thanks for so many questions guys, Great Community, Great AMA
Don’t forget to subscribe to our https://t.me/aliumswap_official and take part in the IDOs and Initial NFT Offering on 18th of May!

For more information and future AMA, join our Social Media channels:

➖ More Information on AliumSwap :
🌐 Website: https://alium.finance/
🐦 Twitter: https://twitter.com/AliumSwap

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