TALLINN, ESTONIA / ACCESSWIRE / January 27, 2022 / Alium.Finance, an Estonian FinTech start-up, is seeing the birth of the next big thing - the launch of a Strong Holders Pool, an alternative to staking.
2021 was successful for Alium.Finance, a multi-blockchain decentralized AMM exchange with NFTs. It was full of victories and accomplishments. 2022 plans to be even more successful, bright, and full of milestones. The C-level team behind the start-up brings together talented individuals and acknowledged professionals with combined blockchain technology and marketing experience. Alium's team has already achieved most of the roadmap goals, launched Alium.Finance MultiChain DEX with support of 4 blockchains, them being Binance Smart Chain or BSC, HECO, Polygon, and Ethereum. Furthermore, they conducted a full audit and attracted a lot of contributors and creators. In 2022 the start-up is going to go even further by launching to Asia, making improvements on both design and the concept of Alium Swap.
According to TrustWallet, staking has a lot of risks, including market, liquidity, validator risks, lockup periods, and rewards duration issues. Therefore, it makes a Strong Holder Pool a better alternative, which also improves the TLV of projects.
Alium.Finance was also working a lot on the Strong Holders Pool, and finally, this long journey has come to an end.
About Strong Holders Pool
The Strong Holders Pool is a gamified alternative to staking and other incentive tools for holders to earn money and companies to attract community and keep TVL growing for a long time.
The mechanics are pretty simple. The pool gathers 100 people, and each participant independently decides how many tokens one is willing to hold in it . As soon as everything is assembled, the Strong Holders Pool starts. You don't have to do anything; you just have to wait. The first 60 people who want to take tokens and leave the pool will partially lose tokens on it. But the participants remaining in the pool will receive them. It's called Strong Holders Pools for a reason, and those who are patient will get a high yield . At the same time, there is no element of luck or dependence on factors beyond the control of the holders, and the loss of those who left is calculated automatically. The quick leavers lose not all the tokens in the pool but only a proportional part, which depends on what deposits in the pool the holders were left waiting for.
In addition, the Strong Holders Pool often has an additional incentive part, for example, in the form of NFTs for the last 8 or 10 holders. Those who can stay until the very end will benefit both from the participants who left earlier and from receiving NFT, which usually increases in price several times over time until most people leave the pool.
In the next few months, the team is going to create a SHP marketplace, to which any projects we have tested will be able to connect and offer such mechanics to their communities. Thus, in addition to different projects, on various networks and with different bonuses for the most robust holders (because each project will offer different NFTs), you can choose the optimal conditions for joining the pool and for remuneration that suits you. For example, it will be possible to enter only pools where the entry threshold is limited by a certain number of tokens or those pools where, in addition to the waiting, there is also a staking mechanic.
For projects that are ready to offer SHP mechanics to their communities, this is beneficial primarily because all participants joining pools tend to lock their tokens for longer than in regular staking/farming pools. Consequently, the project has holders who are involved in the process and do not want to go anywhere, and this tends to increase TVL (Total Value Locked), which is a critical indicator for any project. It is this indicator, first of all, that many investment funds look at, as this identifies the company as reliable and prevents sharp fluctuations in the exchange rate.
Why Strong Holders Pool is better than staking
Even though staking is one of the more recent buzzwords in crypto, and it has emerged as a highly popular way to earn an APY in the crypto-asset markets, Strong Holders Pool might be less risky and more lucrative.
The most significant risk that investors face when staking crypto is the possibility of a negative price movement in the virtual assets they are staking. If, for example, you earn 15% APY for staking an asset, but it loses 50% of its value over the course of the year, you will still have lost funds.
Strong Holders Pool will bring you not only achieve a high APY but also NFTs.
For projects that take part are also given a custom marketing strategy ensuring a wider reach and a possibility to participate in the pools by adding some of their own tokens to it.
For inquiries contact: [email protected]
Alium.Finance Official Links:
- Website:https://alium.finance
- Twitter:https://twitter.com/AliumSwap
- Medium:https://medium.com/@aliumswap
- Linkedin:https://www.linkedin.com/company/75861509/
- Telegram ENG chat:https://t.me/aliumswap_official
- Telegram RU chat:https://t.me/aliumswap_ru
- Telegram JP chat:https://t.me/aliumswap_jp
- Github:https://github.com/alium-official
- Gitbook:https://app.gitbook.com/@aliumswap/s/alium-finance/
- Crunchbase:https://www.crunchbase.com/organization/alium-finance
SOURCE: Aliumswap OU