So, what is AllianceBlock?
Incubated by Europe’s most prestigious incubators – Station F, L39, and Kickstart Innovation Zurich – the AllianceBlock project is led by a highly experienced team of ex-JP Morgan, Barclays, Goldman Sachs, BNP Paribas experts and quants. Having created the Prometheus Protocol, the team is building the first global decentralized capital market. The Protocol is a decentralized, blockchain-agnostic layer 2 that facilitates automation of converting any digital asset into a fully bankable product.
The ALBT token is a multi-functional token that is at the centre of AllianceBlock. In other words, it acts as the main exchange medium for the AllianceBlock ecosystem. Moreover, the token is built into every transaction executed on the platform.
Operating on the Ethereum blockchain, ALBT serves two main purposes: to maximize the influx of value to the AllianceBlock ecosystem and incentivize inclusion, participation, and growth. The latter can be achieved by acting as a reward for those contributing value to the AllianceBlock market in a number of ways.
For more information on AllianceBlock, you can visit their official website here.
You can also read more in-depth information about AllianceBlock on our official blog here!
How to buy or sell ALBT on CoinMetro
How to receive/deposit ALBT
For all in-depth information on how to deposit ALBT into your CoinMetro account, please click here.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts, or use a full ETH wallet as an intermediary.
Note: As CoinMetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk for loss of assets caused by a too low gas limit.
How to send/withdraw ALBT
For all in-depth information on how to withdraw ALBT from your CoinMetro account, please click here.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be cancelled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be cancelled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
We hope this article has given you all the information you need on buying, selling, depositing and withdrawing ALBT.
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