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About ALV

Alvey is a decentralised blockchain with a proof-of-stake consensus model, meaning that the author of the subsequent block is selected at random based on how much cryptocurrency they have in their wallet and how mature that wallet is, continuously rotating addresses to ensure decentralisation and network participation. Blocks are usually built or minted rather than mined; there are also block rewards in addition to transaction fees, thus, builders receive a percentage of "interest" on the amount of funds they bet. This allows the chain to achieve high levels of security without excessive energy consumption, since to participate as an applicable active node for staking, is enough to have a Raspberry-Pi, laptop or 64-bit desktop PC which do not have such a high consumption compared to Proof of Work string mining rigs. Alvey supports the Bitcoin and Ethereum ecosystems. We use a pragmatic design approach to integrate metaverse and VR within the blockchain, allowing continuous development of real-world applications. Furthermore, it is spreading awareness of blockchain technology to many Internet users while also decentralizing PoS transaction validation internationally, over a long period of time. As a project, we are committed to establishing a connection between what we love and what we do everyday. We believe that this will lead to creativity and success. Plus, we are builduing the world's first VR Exchange on Alvey Metaverse. The Alvey Chain provides a wide range of utilities including, building your own meme tokens, NFTs, and smart contracts to create value on top of our blockchain. The ACC wallet allows you to stake directly, as well as do superstaking and delegation. You can also build a dex, a NFT marketplace or a launchpad. All fees are distributed among stakers and validators using our coin in transactions and deployments on Alvey. You can use our coin directly on an exchange with fiat via our payment gateaway of your ACC wallet. We are planning on building our first DEX (like Uniswap, Pancakeswap) where you can trade your favorite projects. We will wrap USDT, USDC, ETH, BNB and more. Another important utility in our project are the adds placed inside the metaverse and the explorer. Furthermore, our VR exchange will allow users with at least 200 ALV to access it, thereby creating a stable ecosystem between our coin and its use. As a result, we are uniquely positioned to become the number 1 metaverse blockchain in the world. Vr ExchangeThis is an extremely exciting technological milestone for crypto and stock traders. The integration of metaverse and VR exchange will be explained to you in detail. Our elves forest has 6 magical castles, including one where you can connect directly to the VR exchange. As soon as you pass the gate, you'll be redirected to the VR environment, where you'll be able to trade on the Alvey chain. What is the process? We are building an exchange interface on top of UE. Assume you play a metaverse game and win coins/points in real time. In reality, there's more to that than meets the eye. Real-time trading will be possible through a background exchange running on a different server. There, we have integrated the interface with the Unity 3D environment, which allows the API to trade in real time. Now, the VR exchange's transactions will appear in a notification outside the trading area. A more animated explorer will be created in Unity 3D where users will be able to see all the blocks floating and then they'll be able to access the TXH. Reference: Goliath VR. Our development stage is in test on unity and background exchange. Upon completion of the first test within 2 months, you can trade on Alvey test net for a while until we resolve any bugs that may arise. Daily traders and investors will be able to do what they love in a more entertaining manner. Because we spend too much time sitting in front of our computers, I realize how important it is to be up and active. Take advantage of the fact that you can be dynamic and still be involved in your trades. Traders will have fun trading in Alvey Multiverse VR Exchange as it enhances focus performance and movement. A trader setup costs about 10k usd, while VR googles cost 280 usd, making trading more accessible to a broader audience. A few of the VR features include opening multiple charts at once (up to 50), live info trading from several different exchanges, a wide range of crypto products, fast transactions, a high level of security, a user-friendly reliable setup, and most importantly, the simplicity and efficiency of the process. Anywhere, anytime, no fuss.

Alvey Chain (ALV) is a cryptocurrency launched in 2022. ALV has a current supply of 152.31M with 0 in circulation. The last known price of ALV is 0.008673613592 USD and is 0.002558334805 over the last 24 hours. It is currently trading on active market(s) with $95,007.24 traded over the last 24 hours. More information can be found at https://www.alveychain.com/.

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ALV Price Statistics
ALV’s Price Today
24h Price Change
+$0.00255833480541.84%
24h Volume
$95,007.2419.64%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#9303
ALV Market Cap
Market Cap
$0
Fully Diluted Market Cap
$1.39M
ALV Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
ALV Supply
Circulating Supply
0
Total Supply
152.31M
Max Supply
160.00M
Updated Jul 16, 2024 10:19 am
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ALV
Alvey Chain
$0.008673613592
$0.002558334805(+41.84%)
Mkt Cap $0
There's nothing here for now
Hong Kong Treasury Department: Stablecoin issuers must have full reserves
Hong Kong Treasury Department: Stablecoin issuers must have full reserves
The Hong Kong Treasury Department said that in view of the important role of fiat stablecoins in the Web3 and virtual asset ecosystem, and the increasingly close connection between the traditional financial system and the virtual asset market, the SAR government needs to establish a regulatory system for fiat stablecoin issuers to regulate in a risk-based and pragmatic manner. The three main requirements include reserve management and stability mechanisms (for example, requiring issuers to ensure that fiat stablecoins are fully backed by high-quality and highly liquid reserve assets), redemption requirements, and regulatory requirements such as governance, knowledge and experience. In addition, the Hong Kong Treasury Department recommends that only licensed fiat stablecoin issuers, banks, licensed corporations, and licensed virtual asset trading platforms can sell fiat stablecoins in Hong Kong or actively promote related services to the public in Hong Kong. For existing stablecoin issuers, the proposed regulatory system will also have corresponding transitional arrangements. In addition, the Treasury Department hopes that an appropriate and internationally recommended regulatory system for fiat stablecoin issuers can provide users with sufficient protection to deal with potential risks to monetary and financial stability, so that Hong Kong's virtual asset ecosystem can develop sustainably and responsibly.
Jul 16, 2024 10:06 am

Frequently Asked Questions

  • What is the all-time high price of Alvey Chain (ALV)?

    The all-time high of ALV was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Alvey Chain (ALV) is 0. The current price of ALV is down 0% from its all-time high.

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  • How much Alvey Chain (ALV) is there in circulation?

    As of , there is currently 0 ALV in circulation. ALV has a maximum supply of 160.00M.

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  • What is the market cap of Alvey Chain (ALV)?

    The current market cap of ALV is 0. It is calculated by multiplying the current supply of ALV by its real-time market price of 0.008673613592.

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  • What is the all-time low price of Alvey Chain (ALV)?

    The all-time low of ALV was 0 , from which the coin is now up 0%. The all-time low price of Alvey Chain (ALV) is 0. The current price of ALV is up 0% from its all-time low.

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  • Is Alvey Chain (ALV) a good investment?

    Alvey Chain (ALV) has a market capitalization of $0 and is ranked #9303 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Alvey Chain (ALV) price trends and patterns to find the best time to purchase ALV.

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