FAQ

On Which Blockchain is AlphBanX Built?

AlphBanX is built on the Alephium blockchain, a platform designed to address scalability and energy efficiency issues commonly associated with traditional blockchain networks. Here are the key features of Alephium that make it an ideal foundation for AlphBanX:

• sUTXO System: Alephium uses a novel state-based UTXO model, enhancing security and scalability by combining the best aspects of UTXO and account-based models.

• High Scalability: Advanced sharding technology allows Alephium to process multiple transactions simultaneously, ensuring high throughput and reduced latency, crucial for DeFi platforms like AlphBanX.

• Energy Efficiency: Alephium employs a Proof of Less Work (PoLW) consensus mechanism, significantly reducing energy consumption and making it an environment-friendly blockchain.

• Robust Security: Alephium's architecture ensures secure and tamper-proof transactions, providing a reliable foundation for decentralized applications.

What Are the Benefits of Using AlphBanX?

AlphBanX offers a wide array of benefits to its users, making it an attractive option within decentralized finance (DeFi). Here are some key advantages:

• Access to Over-Collateralized Loans: Users can obtain loans in ABD stablecoins, which are backed by ALPH tokens, providing liquidity while maintaining stability

• Opportunities for Rewards: By participating in staking and auctions, users can earn rewards, incentivizing active engagement within the ecosystem

• Decentralized and Transparent Ecosystem: AlphBanX operates on a decentralized platform, ensuring transparency and trust among its users.

• Stability Mechanisms: Various mechanisms are in place to maintain the ABD stablecoin's peg to USD, ensuring financial stability.

• Robust Security Measures: The platform employs comprehensive security protocols to safeguard user assets, minimizing risks.

• User set Interest rate: A user set Interest rate is designed to encourage healthy collateral management, benefiting the overall stability of the platform.

• Integration with Alephium Blockchain: Leveraging the Alephium blockchain ensures scalability and efficiency, enhancing the performance of AlphBanX.

What are the Fees Associated with Using AlphBanX?

Please check the Fees on AlphBanX. All fees go back to ABD bidders and ABX stakers, to incentivize growth and stability.