This is a guide on how to buy AlchemistCoin before the official release.
As you probably know, this crypto season DeFi is the hottest thing in town, and then NFTs arrived as hotter still. Everyone from Bloomberg to New York Times is writing about NFTs.
So naturally, as with all things crypto, the next biggest thing is to combine NFTs and DeFi in an ever exploding hype cycle while taking advantage of the market. Welcome to crypto 2021.
One of the hotter such projects is the AlchemistCoin. Speculation abounds on VC interest and connections to Paradigm. We are not interested to write about that, but we’ll help you buy the token if you’re not deterred by the above aka a true degen.
What is the AlchemistCoin?
The AlchemistCoin is a new way to yield farm. It is a way to provide LP tokens to get an NFT that you can then use to stake multiple LP tokens. This provides for a more flexible paradigm for yield farmers.
It actually has nothing to do with gaming or art NFTs that are hot, but in this hype, does it even matter? It combines NFTs and DeFi. This is its current chart –
The token hasn’t been widely released to the public and even sites like CoinGecko don’t currently have it listed. Their website isn’t even live at the moment. We’ll try and update the article with more information as it comes out.
How to Buy AlchemistCoin
Step-2: Go to Uniswap app to buy AlchemistCoin with your ETH (direct link).
Step-3: Connect your Web3 wallet and finish the trade. Make sure to set a reasonable slippage threshold.
In case you’re starting from BTC or other non-Ethereum based tokens like Litecoin, use Binance to convert to ETH first, then withdraw to your Web3 wallet like MetaMask. Then use that ETH to participate in the DeFi ecosystem. Learn how to buy fractions of Ether.