Alternity CNY (LCNY)
Alternity CNY (LCNY)
0.234928
Circulating 0.00
Total Supply 0.00
Max Supply 0.00

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  • Ethereum ethereum-0x7635b612792e4bfb7f2fa12a3e5d5a3f2e3c34bc
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Alternity CNY Price Today (Lcny Price Today)
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. Also read: AirBot Airbot Price USD
Frequently Asked Questions (Crypto FAQs)
The current price of Alternity CNY (LCNY) is USD 0.234928
24 Hours, High Price of Alternity CNY (LCNY) is USD 0 and Low price of Alternity CNY (LCNY) is USD 0
The total supply of Alternity CNY (LCNY) is and Circulating supply of Alternity CNY (LCNY) is 0.00
The trading volume of Alternity CNY (LCNY) is In the last 24 hours