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ALCH
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The following content is sourced from .
So basically,
BSC is hot as far as volume etc. Everyone wants gold. There's actually no Gold pegged token on BSC.
So I have an Idea.
I hold about 5% of $ALCH on personal wallets right now. I will bring them together and create a wormhole bridge to get 5% of our current supply on BSC
I will take this supply and create a Liquidity Pool at the same price as our token on SOL, (The BSC and SOL tokens will be bridgeable back and forth so they are 1:1 the exact same thing.. just multi chain)
I will have a tax on the token, say 5%.
Now this is where it gets interesting... There is no gold on BSC - so I can't simply do "Gold Rewards" contract... we gotta be a little smarter than that.
We take the tax on BSC, bridge it to SOL USDT, take the USDT buy $GOLD, and we create ANOTHER BRIDGE that bridges the $GOLD to bsc.
This BSC gold is backed 1:1 by the oro gold permissionless via the @wormhole bridge. Users on BSC will be receiving gold for the first time ever, and the volume on $alchemy will likely bring a lot of mindshare to our project.
So basically:
- we become multi chain
- we bring gold to BSC & airdrop it to those who hold $alch on BSC
- There is no "new token" because the BSC tokens are backed 1:1 by the sol tokens via @wormhole
Everything will be open source.
About Alchemist AI (ALCH)
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What is cryptocurrency?
Cryptocurrencies, such as ALCH, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as ALCH have been created as well.
Can I buy ALCH on OKX?
No, currently ALCH is unavailable on OKX. To stay updated on when ALCH becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of ALCH fluctuate?
The price of ALCH fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
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