By applying real business standards to its development and growth strategy, Alchemy Protocol is able to build scalable applications that span all networks, benefit DeFi participants and drive growth in this space in a secure and accountable manner.
How does the Alchemy Protocol work?
The first iteration of the Alchemy Protocol will be to enable easy trading on all networks for the specific communities it collaborates with, after which the service will connect every single token pair across all chains. Alchemy - a first-of-its-kind end protocol, a hybrid that leverages the best components of DAOs, NFTs, Nodes and high APY projects to set what should be the new standard in DeFi.
Liquidity to support the rewards will come from 3 sources of income:
| 1. | Projects that are incubated through the launchpad. |
| 2. | Income, generated from innovative services. |
| 3. | From investments, made in the DeFi space. |
The Alchemy protocol will last 18 months and will be like a hedge fund for users, as well as a seed funding mechanism for the development of interconnected utilities. A total of 4 types of elements have been launched, each of which will be released quarterly.
Elements - an innovative approach to typical rewarding NFTs that are part of a protocol that provides owners with the opportunity to earn a stable passive income for 6 months.
Element bonds - a way for users to buy MTTR at a discounted price directly from the Treasury. Periodically, a certain amount of MTTR will be allocated and made available for purchase in this way.
Earn money through bets
A service for the MTTR community and its partners will become available closer to the launch of the second element, which will incentivize staking. This feature will have a lottery element that will include real rewards as well as token rewards.
The output of each element is tied to a level. The higher the level, the higher the result of the reward. The bursts will start at 5 MTTR per day and increase every 2 months after reaching a certain amount of XP.