Rank #N/A
lcny Alternity CNY
$ 0.1678
0.00%
0.05632 BTC
632 satoshies0.00%
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24 Hour Trading Vol
267.8767 $
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Alternity CNY Top Markets
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About Coin
What is the project about?
Alternity is a decentralized protocol built on the Ethereum blockchain, inspired by the design of the Liquity Protocol.
The protocol provide users with a stablecoin that is pegged to the Chinese Yuan, achieved by utilizing Ether as the required collateral. Loans are paid out in LCNY (a CNY pegged stablecoin) and need to maintain a minimum collateral ratio of 110%.
Alternity aims to cater to users who value diversification and seek alternatives to USD-pegged stablecoins.
As a protocol, Alternity is non-custodial, immutable, and governance-free.
What makes your project unique?
LCNY is the first immutable and decentralized CNY pegged stable on the Ethereum blockchain.
History of your project.
The primary motivation behind the Alternity Protocol is to address the growing demand for a stable, decentralized, and Yuan-pegged financial instrument in the DeFi ecosystem. As the global economy continues to evolve, the need for diverse stablecoin options that cater to various markets becomes more evident.
Recognizing China's growing influence and the rising importance of the Yuan, Alternity offers an alternative solution with a Yuan-pegged stablecoin, providing diversification, risk management, and a more robust DeFi ecosystem.
What can your token be used for?
This solution allows users to diversify their stablecoin portfolio or have debt denominated in CNY.
Where is Alternity CNY available for purchase?
You can exchange LCNY tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Alternity CNY is Balancer V2, notably the LCNY/WETH pair, which saw a trading volume of $ 0 in the past day.
What is the highest value Alternity CNY (LCNY) has ever reached?
Alternity CNY (LCNY) reached its peak price at 0.1912 $ on 27 July 2024, approximately a few seconds ago ago. Presently, the current price is -12.23% lower than this all-time high.
What is the historical minimum price for Alternity CNY (LCNY)?
The minimum price reached for Alternity CNY (LCNY) was 0.1483 $, documented on 27 July 2024, more than a few seconds ago. In comparison, the current price is 13.14%, it above this historical low.
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