Alium Finance— Telegram AMA — May 06
On Thursday, May 06, we had the pleasure to welcome to our Telegram chat:
We asked him questions about the development of Alium.Finance.
Some sentences have been slightly edited for readability but the meaning has been conserved.
Alium Finance is a multichain DeFi ecosystem with an ambitious roadmap of cross-chain DeFi and NFT products.
Alium Finance is building a hub where users can safely and conveniently experience all the different DeFi products and NFTs on different Blockchains without the need to jump platforms.
Alium has partnered with top projects and venture capital including Jun Capital, Exnetwork Capital, Consensus Labs, BlockUnify, Cryptomeria Capital, Infinity Capital, Alphabit, Aquablock Ventures, DCI, GFC, Mantra DAO, and many more.
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, Solana, and Tron coming.
Q — Ayeley from GAINS: What did you do before crypto and did you have any other previous venture in crypto? What is your role at Alium Finance?
A — Denis from Alium Finance: My name is Denis Denisov. I was born in Russia, educated in Scotland and I’ve been in crypto since 2018
I started with Importing Cryptocurrency Mining equipment from China. After that, I tried many different positions in a few different Crypto Firms, Business Development, Project Management, Sales, CM, etc. Worked with DeFi, CEXes, DEXes, Custody. Now I’m the Chief Business Development Manager for Alium.Finance.
About Alium Finance
Q — Ayeley from GAINS: What is the project about in a few simple sentences?
A — Denis from Alium Finance: Alium Finance is a multichain DeFi ecosystem with an ambitious cross-chain DeFi and NFT products roadmap.
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 where users can safely and conveniently experience all the different DeFi products and NFTs on different Blockchains without the need to jump platforms.
Q — Ayeley from GAINS: For how long have you been working on Alium? How many people are on the team?
A — Denis from Alium Finance: I’ve been working from March almost since the start. We have about 25 people now, including the Development team. We also have quite a few contractors working for us
Q — Telegram user Kevin Salom 📈: Your comment that to create a “Balanced Tokenomics” you decided to create an Initial NFT Offering. Could you explain what this token distribution model is all about and how this could curb Alium Token volatility?
A — Denis from Alium Finance: Initial NFT Offering helps to distribute tokens more steadily to protect Project from Pump and Dump, as well as serves as an instrument for Smart Farming and Smart Staking in the future, which will give extra incentives to Hold.
Q — Ayeley from GAINS: What is the token use case and how does it capture the value of the ecosystem you’re building?
A — Denis from Alium Finance: $ALM is the Core of our Ecosystem and Governance Token for our DAO. It will also benefit the Holders when they use any of our DeFi and NFT Products.
Q — Twitter user @mandbnga5: Currently, there are a lot of decentralized trading markets built on the Binance smart chain and there is a large number of investors on it, so what does Alium have to do to attract traders to your platform? ? And what is the biggest problem Alium solves compared to the competition?
A — Denis from Alium Finance: Well, first of all — we offer a great % for Liquidity Providers
Secondly — all our Smart Contracts are fully audited by top Smart Contract Audit Firms like Hacken, CertiK, and Chainsulting (who audited 1inch).
And most importantly — we are creating a MultiChain DEX with CrossChain bridges which will allow our users to switch Blockchains in a couple of clicks instead of having to jump from Platform to Platform
The Biggest Problem we are addressing is the competition between different chains, as we have already seen with a massive migration of users from UniSwap and ETH DEXes to Pancake and other BSC DEXes, abandoning the previous platforms
What we are giving our users is the ability to trade on Many Blockchains, and switching between them anytime using our CrossChain Bridges
And not just 2 Blockchains, we are aiming for 7+, including both Established DeFi ecosystems like BSC and ETH, and the upcoming networks with high potential like HuobiECOchain, OKExChain, Matic, and others.
Q — Telegram user The Curious 👀: Partnerships with renowned projects are vital at this stage of Alium Swap. Could you tell us what important relationships you have established so far? With which other projects or companies are you managing new friendships?
A — Denis from Alium Finance: Here is our list of Partners: Jun Capital, Exnetwork Capital, Consensus Labs, BlockUnify, Cryptomeria Capital, Infinity Capital, Alphabit, Aquablock Ventures, DCI, GFC, Mantra Dao, LaunchPool, Protocol Ventures, Master Ventures, A196 Capital, Iconomy, FBG, GBIC, LPVF, and Westbridge Capital, Mooncarl.
All of them are proficient in their respective fields
We have Top VCs, Bloggers, Investment Pools, DeFi Projects, Developers, and Influencers who help us every step of the way.
Q — Ayeley from GAINS: Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?
A — Denis from Alium Finance: Yes. We already raised more than $3.5M from the Private and Strategic Partnership rounds
Most of these funds are dedicated to Development and we are still operating on the Self-Funded Capital we had at the start
In the future, we are looking at raising just over 4mil$ from Public Sale, which consists of 4 IDOs on different Platforms and Initial NFT Offering done on our own Platform.
Q — Telegram user ⋅ ℝ𝕒𝕚𝕤𝕓𝕖𝕝𝕪𝕤 𓃗 ⋅: I understand that Alium Finance raised $2.2 million in less than 48 hours in a successful Private Round. But how will these funds be used for the development and growth of the project? And how did they manage to raise so much money in such a short time?
A — Denis from Alium Finance: We have a great team with tons of experience in the field. In addition — our Project’s Roadmap is very ambitious, so our Private Sale was quickly overbooked and we even had to refuse some investors, because there was simply no NFTs left for them after 48 hours
These funds are mostly dedicated to the development of the Platform and Business side of the project.
Q — Telegram user Wonderful BTS: Do you have an allocation of funds proportionally distributed for Development, Marketing, and Community Growth?
A — Denis from Alium Finance: We did distribute these fund proportionally between these areas
But the core of funding is directed towards the Development, our Roadmap is very Ambitious and we need a creme de la creme Development Team for the job.
Q — Ayeley from GAINS: What stage is the project at? And what updates should we expect in the coming months?
A — Denis from Alium Finance: We already Released our first product Alium Swap Multichain DEX which is operating on Binance Smart Chain and Huobi ECOchain
We are planning on integrating 5+ more Blockchains including ETH, Near, Matic, Avalanche, and OKExChain in the future, as well as building the CrossChain Bridges between them.
We are also working on Smart Farming, Smart Staking, MultiChain NFT Marketplace, and a lot more cool DeFi and NFT products which are secret for now).
Q — Twitter user @jogamboa08: Aliumswap has sold 3 NFTs to its investors Its there a relationship between Aliumswap and NFTs? Do you have plans to implement NFT in the future for common users?
A — Denis from Alium Finance: Yes, we are planning to create Smart Farming and Smart Staking using NFTs. As well as have an Initial NFT Offering, where users will be able to purchase NFTs with the ALM farming built in them. We collaborated with some prominent NFT artists from Illusorr, such as AfterForm when creating the cards for the Initial NFT Offering
Also, we are working on a MultiChain NFT Marketplace in collaboration with some great NFT artists.
Q — Telegram user 👽 Crypto Jiren 👽: Alium Swap is moving from the usual use of NFT to a new approach that you have called NFT 2.0 Could you comment on what barriers this new approach breaks down and what interesting new applications you plan to give to NFTs?
A — Denis from Alium Finance: NFT 2.0 is using NFTs as DeFi instruments instead of them just collecting dust in your wallets. NFT 2.0 is an approach to make NFTs work for you, and provide you with Profits through Staking, Farming, and other DeFi services
Q — Twitter user @Lopyou54804819: Is there a plan to facilitate safe Bridges? And will you also consider integrating it into your platform once ETH 2.0 is released?
A — Denis from Alium Finance: Yes, Safe Bridges is the Core of our Product and we are already working on them. As for ETH 2.0 — once it’s released we will look into integrating it into our Platform
Q — Telegram user Roy Mustang: Does Alium swap have plans to implement farms or pools where we can generate income providing liquidity?
A — Denis from Alium Finance: These already exist. Once the Token is released — the pools will start working shortly
Q — Telegram user Dayo: Your roadmap for May shows that you’ll be including some major NFTs work? How important is this for your project? Also, do you plan to hire more artists for NFTs?
A — Denis from Alium Finance: NFTs are a great tool for further development, they have a very high potential far beyond just art and gaming
As for Artists — we are expanding our network of Partners among NFT artists to create NFTs and Help us with the Development of NFT related products.
Denis, thank you too for coming in. It was a pleasure having you in our group today, and taking the time to answer all our questions. — Ayeley Commodore-Mensah from GAINS Associates
There were some great questions, if you didn’t get yours answered, please join our Telegram and our Wonderful Community Management Team will answer all your questions. Thanks for having me here today and asking all these great questions! — Denis Denisov from Alium Finance
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