Alchemix Token is another fast rising coin in the cryptocurrency market today.
On this article, we are going to review Alchemix.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
Alchemix is a DeFi protocol that allows for the creation of synthetic tokens that represent the future yield of a deposit. It enables users to retrieve near instant tokenized value against temporary* deposits of stablecoins.
There are 283,672.98 ALCX in supply.
Pros of Alchemix
- A lot of investors are ‘flocking’ to invest
- It is now listed on Coinbase
- They are fully decentralized
Cons of Alchemix
- The coin is still under development
- Multiple issues with its synchronizations between ledgers
Is Alchemix Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear and most have also given up.
According to research, Alchemix is not a scam coin. It has been listed on top cryptocurrency wallets like Blockchain, Binance and lots more.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Alchemix on the comment section below. Don’t forget to rate and leave a review.