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AllianceBlockALBT
Rank: 523
142 Watchlists
DeFi
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Ethereum

AllianceBlock Price

$ 0.0453
-1.95

0.00...028

Low
High

$ 0.0471

$ 0.0451

About AllianceBlock

The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that bridges traditional and decentralized finance.
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AllianceBlock Live Chart
The AllianceBlock to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
ALBT Price Statistics
Market Cap
$ 20,874,378
Ƀ 1,270
FDMC
$ 45,165,408
ATH Market Cap
$ 626,772,008
24h Trade Volume
$ 249,178
Ƀ 15.16
Circ. Supply
ALBT 460,816,133
(46.08%)
Total Supply
ALBT 1,000,000,000
Max Supply
ALBT 1,000,000,000
All Time High
$ 1.36
(06 Sep 2021)
From ATH
-96.7%
From ATL
+24.9%

ALBT to USD Converter

ALBT
USD

ALBT - USD Price Change

PeriodChangeChange (%)HighLow
24H-$ 0.0009-1.95%$ 0.0471$ 0.0451
7D$ 0.0007+1.57%$ 0.0477$ 0.0407
14D$ 0.00283+6.65%$ 0.0482$ 0.04
1M-$ 0.0245-35.1%$ 0.074$ 0.04
3M-$ 0.00335-6.88%$ 0.0975$ 0.0363
6M-$ 0.0411-47.5%$ 0.105$ 0.0363
YTD-$ 0.536-92.2%$ 0.755$ 0.0363
1Y-$ 0.710-94%$ 0.770$ 0.0363
Load Annual Price

AllianceBlock Markets

ExchangePairLast PriceChange (24H)High (24h)Low (24h)SpreadVolume (24h)

AllianceBlock Live Info Today

AllianceBlock is a decentralized protocol that aims to act as a bridge between traditional (TradFi) and decentralized finances (DeFi). According to the company, the protocol “automates the process of turning any digital asset, or crypto product, into bankable security with an internationally recognized Individual Securities Identification Number (ISIN)”. By design, the platform is a blockchain-agnostic layer 2 solution, using the Ethereum blockchain as a mainnet. The ALBT token is used as a primary medium of exchange This multi-purpose token can also be used for the ecosystem reserve pool and for governance purposes within the ecosystem. 

The Netherlands-based project was founded in 2018 by Rachid Ajaja (CEO), Matthijs de Vries (currently acting as CTO) and Amber Ghaddar. Large European startup incubators, Level39 (L39) and Station F, as well as Zurich Kickstart Innovation Program, accelerated the growth of the project. By the end of 2020, the project was certified by CertiK, a blockchain security system that reviewed the protocol. Currently, there are more than 30 developers from all around the world working on a project. It is led by people with significant financial and product development expertise, including former Barclays, Goldman Sachs and JP Morgan bankers. 

The company has partnered with Orion Protocol since both of them aim to bridge gaps between the worlds of DeFi and TradFi and make cryptocurrencies accessible to general audiences. It’s not the only collaboration the company has made throughout its history: other important market players that AllianceBlock has worked with include DAO Maker, Polygon and Energy Web.

The project aims to make the first globally compliant decentralized capital market. This will connect the worlds of decentralized and traditional finances, as well as automate or simplify converting any digital or crypto asset into a product recognized by traditional banking. The plan includes solving some issues in both spaces and making it easier for them to cooperate. 

According to the project, the technology use cases include: simplifying cross-border activity, offering a regulated digital asset and a compliant open financial solution. It also provides fund distribution, regulated digitized derivatives and a compliant P2P lending solution.

What are ALBT’s key features and how does it work?

The ALBT token acts as a multi-purpose solution and the backbone of the ecosystem. It was used in the system from the start, and the project’s entire vision included this token for various purposes. ALBT plays a role in exchanging, rewards, staking and governance. 

The governance of the ecosystem uses the Prometheus protocol architecture. The decision-making rights are only provided to Institutional Nodes that form the so-called Decision Making Board. Voting rights can also be executed by Service Nodes Owners and Data Nodes Owners using the ALBT tokens they stake. Owners of any type of Nodes can submit a proposal, using a small deposit of tokens. It will be then vetted by other network participants and sent higher in the governance structures if vetted successfully. 

The network uses a hybrid consensus mechanism that includes the elements of both Proof of Authority (PoA) and Delegated Proof of Stake (DPoS)protocols. The Oracles will act as Proof-of-Authority nodes. 

Where can you buy ALBT?

AllianceBlock tokens (ALBT) are available to buy on several platforms, including KuCoin, Bitfinex, Uniswap. They can be traded against stablecoins (USDT, UST), cryptocurrencies like ETH and sometimes against FIAT.

How can you store ALBT?

ALBT is an ERC-20 token, so any wallet compatible with the standard can be used to store the coins. MetaMask or Trust Wallet are common examples. 

Mining

ALBT coins are not minable, but there are liquidity mining and staking programs available. 

AllianceBlock's current price is $ 0.0453, it has dropped -1.95% over the past 24 hours.

AllianceBlock's All Time High (ATH) of $ 1.36 was reached on 6 Sep 2021, and is currently -96.7% down.

The current circulating supply of AllianceBlock is 460.82 Million tokens, and the maximum supply of AllianceBlock is 1.00 Billion.

AllianceBlock’s 24 hour trading volume is $ 249.18 Thousands.

AllianceBlock's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 20.87 Million.

You can find more details about AllianceBlock on its official website and on the block explorer.

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