BlockTalks x Alium Swap AMA Transcript!

Hello! BlockTalkers & Blockchain Enthusiastic!

We recently hosted an AMA with Alium Swap, on May 5th at 11.00 AM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Denis Denisov, CBDO at Alium Swap. So here we are up with the AMA transcript, for those who missed the live session, this blog post will be a saver & feeder of knowledge for them.

Introduction Questions Asked By Team BlockTalks!

Q1. Could you please introduce Alium Swap to our community in layman’s term?

Ans- Alium Finance is a MultiChain DeFi ecosystem with an ambitious roadmap of CrossChain DeFi and NFT products.
Alium Swap is a MultiChain Decentralized Exchange with a Cross Chain option already operating on Binance Smart Chain and Huobi ECOChain with Ethereum ,Near, Matic, Avalanche, OKExChain and more coming.

But in layman’s terms,

We are building a Hub where user can safely and conveniently experience all the different DeFi products and NFTs on different Blockchains without the need to jump platforms.

Q2. What are the advantages of Alium Swap to other alternatives in the Blockchain field?

Ans- Our key advantage is the MultiChain platform with Crosschain options
Most of the platforms focus on one or two blockchains and heavily rely on the Blockchain’s performance
In our case we have 7+ Blockchains and our users can safely and rapidly switch between them and stay relevant at all times all in one interface.

Q3. What are the major milestones Alium Swap achieved so far & what are in the future pipeline?

Ans- In terms of Product development:
- We already Launched Alium Swap on Binance Smart Chain and Huobi ECOchain, they are both fully operations at alium.finance
What comes next is: 5+ more blockchains ( Ethereum ,Near, Matic, Avalanche, OKExChain), CrossChain Bridges, Smart Farming, Smart Staking, Multichain NFT Marketplace and many more cool features

In Terms of Business development:
- We already closed our Private round of investment (2.2mil$ in under 48 hours) and Strategic Partnership round with 12+ Strategic Partners on Board
What comes next for us is a Public sale between 10th and 15th of May with 4 IDOs on different platforms and an Initial NFT Offering at our own platform.

Questions Asked on Twitter For Alium Swap Team!

Q1. You point out that you have a great diversity of DeFi products that meet customer demands, but could you really tell us a little more about the products that are already available and those that are still in development?

Ans- Our DeFi product which is already available is Alium Swap
It’s a Decentralized MultiChain Exchange which already runs on BSC and HECO and will include 5+ more blockchains in the future, with CrossChain bridges between the blockchains
We have great % available for liquidity providers and all smart contracts fully audited by top Smart Contract Audit firms, such as CertiK, Hacken and Chainsulting (who audited 1inch)

What comes next:
- Smart Farming, a layer 2 solution aimed on cutting costs and maximizing the farming profits. Holders of ALM token will also get extra benefits while farming
- Smart Staking - a cutting edge solution for staking on our platform with extra benefits for ALM holders and users of our ecosystem
- a Multichain NFT Marketplace with tons of cool and exciting features, which will be announced later
and many more features and products which are still "trade secret".

Q2. You mention that Alium's services are extended to all liquidity providers willing to migrate to more stable and secure platforms, but will these only be the benefits? or despite stability and security, will they also provide better returns?

Ans- We do indeed provide better returns with a % percent for the liquidity providers
But on top of that we provide a unique opportunity for the Bridge between blockchains, which will surely benefit the liquidity providers once we start linking up all the separated DeFi ecosystems on different Blockchains

Security is also our top priority with every single Smart Contract being Audited by a top Smart Contract Audit Firm.

Q3. Many users prefer conventional exchanges, rather than Dex AMM, but could you really tell us what are the advantages and disadvantages of this type of exchange implemented in Alium? is it really the best option for investors?

Ans- DEXes allow you higher level of control over your funds, that’s why traders have been moving away from traditional exchanges towards DEXes in the past year
One of the main disadvantages on DEXes was a single chain, if you needed to use a different chain, you would have to use some third party solutions or go to a Centralized Exchange
But our solution is aimed on eliminating this disadvantage, by moving between blockchains in one DEX our users will have full control over their funds, choices and higher mobility, which will give them that competitive edge on the market.

Q4. aliumswap is a secure and stable platform compared to other swaps, how do they achieve such a level of security and stability? What benefits do they offer compared to other swaps?

Ans- We put great emphasis on security, that’s why we have an inhouse team of IT security specialists with loads of experience working on the security and stability of our Platform

All our Smart Contracts are fully audited by top Smart Contract Auditors, such as Chainsulting, Hacken and CertiK

What we offer is great terms for liquidity providers with very high % and a Cross Chain solutions for 7+ blockchains, those are our two key advantages when choosing a DEX.

Q5. In my opinion, only getting investors and holders are not enough. A project needs to solve a real world issue or a real world problem. What plans do you have plans with them?

Ans- The real world issue we are solving is that DEXes and other DeFI and NFT projects focus on one or two blockchains, which makes their users reliant on that Blockchain’s performance
We give users fully audited CrossChain bridges for 7+ Blockchains, which lets them experience the DeFi world through one interface and gives them that competitive edge in terms of Blockchain mobility.

Questions Asked by our BlockTalks Community Members during live Session to Alium Swap Team!!

Q1. Aliumswap strengths are "Team, Product and Partnerships"
Can you explain it?

Can you give the loads of cool and exciting new features
of your next major Product on the Roadmap which is a MultiChain NFT Marketplace?

Ans- Our strengths are Team, Product and Partnerships

Team
Our Team consists of Handpicked selection of DeFi veterans with experience and understanding DeFi

Product
Our Product is an ambitious safe and convenient MultiChain DeFi Ecosystem to satisfy any of your DeFi needs on multiple Blockchains
It is already launched and you can try it our right now at Alium.finance

Partnerships
We also have a vast Network of Investors, Backers and supporters including:
Jun Capital, Exnetwork Capital, Consensus Labs, BlockUnify, Cryptomeria Capital, Infinity Capital, Alphabit, Aquablock Ventures, DCI, GFC, Mantra Dao, LaunchPool, Protocol Ventures, Master Ventures, A196 Capital, Iconomy, FBG, GBIC, LPVF and Westbridge Capital,Mooncarl

In terms of the features of the MultiChain NFT marketplace - some of the features which aren't secret for now are - High level of customization and NFT Galleries and Collections
We also have a very cool partnership for integrating our NFTs into one Very Cool platform, but more on that will be released later

And it continues to grow every day.

Q2. Back in March, you guys conducted a Private sale where you raised about 2.2 million USD from both institutional and Private Investors in less than 48 hours, could you tell us some of the names of these investors and how do you intend to use the raised funds? Will it be channeled towards marketing, or ecosystem development or community growth and future development?

Ans- Here are some of our Private Investors
Jun Capital, Exnetwork Capital, Consensus Labs, BlockUnify, Cryptomeria Capital

In the future we are planning to have a Public Sale between the 10th and 15th of May with 4 IDOs on different platforms and an Initial NFT Offering at our own platform

We have an allocation of funds proportionally distributed for Development, Marketing and Community Growth
This info will be public before the public sale, so stay tuned.

Q3. What is the relationship between Aliumswap and NFts? I have seen that in your private round you have sold 3 NFts to your investors, do you have plans to implement NFTs in the future for common users?

Ans- NFTs are integrated in many of our future features, Like Smart Farming and Smart Staking
It will also be a part of the Initial NFT Offering. We already established a partnership with a few prominent NFT Artists, which collaborated with us on creation of the Initial NFT Offering cards.

Q4. The main difference of AliumSwap compared to other Exchange/Swap is a single interface MultiChain solution with Crosschain option. Can you please tell what features are brought? and why is this feature an advantage on your platform?

Ans- The key feature is our users ability to switch networks using smart contracts through one safe and convenient interface
It’s a great advantage for both liquidity providers and traders because it greatly increases the Funds mobility and leads to increase of the trading volumes.

Q5. How many communities do you have today?

Ans- We have 4 so far
Our main Global Community and 3 local ones Japanese, Vietnamese and Russian.

But we are planning to grow the number of communities greatly in the future by collaborating with local Partners and establishing connections with Crypto Bloggers and Groups such as this one.

Q6. Could you give me 3 key points to convince me and other angel investors invest in your project in long-term? Investors are afraid of scams, exchanges are afraid of scams, partners are afraid of scams, so what does AliumSwap guarantee not to scam investors?

Ans- 1. We have a Public Team with good reputation and experience in Blockchain and DeFi industries
2. All our Smart contracts are Audited by Independent high profile Auditors
3. We have a strong Network of High Profile Investors and Backers, all of which have their skin in the game, which includes:
Jun Capital, Exnetwork Capital, Consensus Labs, BlockUnify, Cryptomeria Capital, Infinity Capital, Alphabit, Aquablock Ventures, DCI, GFC, Mantra Dao, LaunchPool, Protocol Ventures, Master Ventures, A196 Capital, Iconomy, FBG, GBIC, LPVF and Westbridge Capital,Mooncarl

Q7. For a project development first of all main priority is having enough fund. Does your team financially capable to run Alium Swap? Do you have enough fund for it’s developement Can you tell us that how Alium Swap generate the profit?

Ans- We received more than 3.5 million $ from our Private and Strategic Investors, we have enough money for the development of the DEX
In terms of Generating Profit - Alium Swap charges a commission on every trade, which is distributed between Liquidity Providers and the Platform.

Q8. In what ways do you think Alium Swap contributes so that financial institutions can benefit from the advantages that DeFi offers?

Ans- We provide the Cross Chain Bridges, and the financial mobility will be a great advantage for any Financial Institution.

Q9. Is there a plan to facilitate safe Bridges? And will you also consider integrating it into your platform once ETH 2.0 is released?

Ans- Yes, Bridges are on the Development plan. As for ETH2.0 - It’s a bit early to say now, since it’s not released yet, but we will surely consider integrating it once it’s released.

Q10. The main problem of DEX is liquidity. How do you encourage users to provide it? What benefits will the LPs have?

Ans- We have a fully audited Liqudity Migration Program developed and ready for release
Also, we offer great terms and % for Liquidity providers, which will surely bring in more liquidity for our DEX.

Here are some important links of Alium Swap👇

🌎 Website: alium.finance

📱 Twitter: twitter.com/AliumSwap

📢 Telegram: t.me/aliumswap_official

📚 Github: github.com/alium-official