Alternity CNY
LCNY no rank no rank

About Alternity CNY

Alternity is a decentralized protocol built on the Ethereum blockchain. The protocol provide users with a stablecoin that is pegged to the Chinese Yuan, achieved by utilizing Ether as the required collateral. Loans are paid out in LCNY (a CNY pegged stablecoin) and need to maintain a minimum collateral ratio of 110%.

Alternity aims to cater to users who value diversification and seek alternatives to USD-pegged stablecoins.

As a protocol, Alternity is non-custodial, immutable, and governance-free.

LCNY is the Yuan-pegged stablecoin used to pay out loans on the Alternity protocol. At any time it can be redeemed against the underlying collateral at face value.

Alternity CNY [LCNY] is a token without its own blockchain. The most actual price for one Alternity CNY [LCNY] is $0. Alternity CNY is listed on 0 exchanges with a sum of 0 active markets. The 24h volume of [LCNY] is $0, while the Alternity CNY market cap is $0 which ranks it as 'no rank' of all cryptocurrencies. You can find more information about Alternity CNY [LCNY] on alternity.finance app.alternity.finance