At ALEX, we build DeFi primitives targeting developers looking to build ecosystem on Bitcoin, enabled by Stacks. As such, we focus on trading, lending and borrowing of crypto assets with Bitcoin as the settlement layer and Stacks as the smart contract layer. At the core of this focus is the automated market making ("AMM") protocol, which allows users to exchange one crypto asset with another trustlessly.
Launched in January 2022, we are the biggest DeFi on Bitcoin, bringing your Bitcoin to life.
All information in this page is provided by the project team. Strictly for references only.
- ALEX is co-founded by two former Wall Street quants, Chiente Hsu and Rachel Yu, bringing 40+ years of financial derivatives expertise to Bitcoin DeFi.
- Backed by Trust Machine and White Star Capital, ALEX is uniquely positioned to unlock over $0.5T in potential capital to deploy in Bitcoin DeFi apps.
- “We are playing the long game, we are creating the building blocks so that when $360 trillion in global wealth starts becoming tokenized, we’ll be ready,” Hsu said.
The total supply of $ALEX is 1,000,000,000 (one billion). The total supply is allocated as the following:
- 20% to the Foundation, to be allocated to the Community Reserve Pool to support for the ecosystem, early adopters and future development of ALEX
- 50% is reserved for the community staking $ALEX or Liquidity Tokens to earn $ALEX
- 30% to employees, advisors and early investors and founding team
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Enjoy trading on MEXC.
The MEXC Team
30 March 2023
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