How much is the Alkimi (ADS) currency issued?

Alkimi's ADS tokens, with a fixed supply of 20 million, are used for governance, staking incentives, and liquidity rewards on the decentralized stablecoin-based lending platform, ensuring community involvement and long-term sustainability.

Dec 23, 2024 at 10:09 pm

Key Points

• Alkimi (ADS) is a high-yield, decentralized, stablecoin-based lending platform that facilitates borrowing and lending of fiat-pegged stablecoins.
• ADS is the native token of the Alkimi protocol and is used for governance, staking, and incentivizing liquidity providers.
• The total supply of ADS is fixed at 20 million tokens.

How Much is the Alkimi (ADS) Currency Issued?

Alkimi (ADS) has a fixed total supply of 20 million tokens. Of this, 13 million tokens were initially distributed through a public sale in 2021, and the remaining 7 million tokens will be released gradually over the next three years through a combination of rewards for staking, liquidity provision, and governance participation.

The distribution schedule is designed to ensure the gradual release of tokens while rewarding active participants in the Alkimi ecosystem. This approach aims to promote long-term sustainability and alignment of incentives within the community.

FAQs

Q: What is the purpose of ADS tokens?

ADS tokens serve several important functions within the Alkimi protocol:

• Governance: ADS holders have voting rights to participate in the governance of the protocol, including the development and deployment of new features.
• Staking: ADS can be staked to earn rewards, providing additional incentives for active participation.
• Liquidity Provision: Liquidity providers who deposit stablecoins into Alkimi pools can earn ADS tokens as rewards.

Q: How can I acquire ADS tokens?

ADS tokens are available for purchase on various cryptocurrency exchanges. Alternatively, users can earn ADS through staking or providing liquidity on the Alkimi platform.

Q: What factors influence the price of ADS?

The price of ADS is primarily driven by market supply and demand. Factors that can affect demand include the adoption rate of Alkimi's lending platform, the performance of the overall cryptocurrency market, and the level of participation in staking and liquidity provision programs.

Q: Is Alkimi a secure platform to use?

Alkimi implements rigorous security measures to protect its users' assets. The platform utilizes smart contract audits, multi-factor authentication, and industry-standard encryption protocols to ensure the safety and integrity of all transactions.

Q: What are the future plans for Alkimi and ADS tokens?

Alkimi plans to expand its product offerings and global reach in the coming years. The team is committed to developing new features and integrations that enhance the user experience and drive the adoption of ADS tokens.