This is the first launch and smart contract deployment from Alkimi Exchange. The staking pool for a maximum of 30 million ADS tokens opens on November 24, 2021, 5 pm GMT and closes on December 24, Invezz learned from a press release.
Mission to reduce number of online ads
Users can join the staking pool via Lattice Exchange. This launch is an important milestone for Alkimi Exchange because they have a mission to reduce the number and improve the quality of ads found on the internet. Alkimi wants internet users to perceive ads as a reward rather than as punishment, which is the case today.
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Alkimi Exchange CEO and cofounder Benjamin Putley said:
The staking pool is the first step on our roadmap and I’m hugely proud of the team for delivering it so effectively. The Bandwidth Pool will establish the bandwidth required to support our Something For Nothing programme, where we are paying publishers NOT to show ads. In Q1 next year, we will start working with the world’s best publishers to show fewer, but more relevant ads. This will allow us to support publishers showing fewer, better ads on the internet. We want to reward users for browsing the internet and with this milestone we are one step closer to doing just that. Bad advertising broke the internet, let’s fix it with $ADS.
Mathias Goldmann, COO & cofounder of Constellation Network and Lattice Exchange, added:
We are very excited to see Alkimi Exchange pave the way for a new era of how people are interfacing with digital technologies and the internet through $ADS. This quality increase is driven by utilizing the Constellation Hypergraph in combination with DeFi staking dynamics and NFTs. The results will be a cleaner and better Internet with a sovereign user at the center.
Alkimi announces exclusive NFT rewards collection
The news is another one in a series of recent initiatives and achievements, including the launch of an exclusive NFT collection called “AlEx The Alkimist”. The combination of the NFT collection and the staking pool gives staking parties the chance to draw an NFT from a pool of 500 special ones as long as they stake a specified minimum of $ADS tokens.
The lock-in period for staked tokens will be three months. There are five different types of NFTs.
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