Introduction to Alkimi and its Migration to SUI Network
Alkimi, a decentralized advertisement platform, has officially launched on the SUI network as of August 19, marking a significant milestone in its journey. This launch is accompanied by the rebranding of its token from ADS to Alkimi, with a 1:1 swap ratio. The migration to the SUI network is a strategic move, leveraging the full Mysten Labs Tech Stack to process, verify, and secure ad transactions without intermediaries.
Key Features and Implications of the Migration
The migration involves the utilization of the SUI network for transactions, Walrus for large-scale on-chain data storage, Nautilus for independent review, and Seal for encrypted data management. This setup enables the validation of impressions, processing of payments, and securing of sensitive information without the need for intermediaries. The network is already handling over 25 million impressions daily and has partnered with prominent brands such as AWS, TikTok, Currys, and Polestar.
The Alkimi token serves multiple purposes, including revenue participation, governance, and supply. It converts advertising activities into yield for owners within the ADFI ecosystem, providing a unique value proposition. The token’s rebranding and migration are part of the platform’s efforts to enhance its operational efficiency and user experience.
Exchange Listings and Token Swap
Exchanges such as Kucoin and Mexc, where the ADS token was listed, have temporarily suspended trading to facilitate the token swap. The balances will be automatically converted to Alkimi, with spot trading for the new token resuming after the completion of the migration process. Additionally, Kraken has announced plans to list Alkimi, although a specific start date has not been disclosed.
For more information on the listing and the migration process, users can refer to official announcements from the exchanges and Alkimi’s platform. The move to the SUI network and the rebranding of the token are expected to have a positive impact on the platform’s growth and adoption.
Conclusion and Future Outlook
Alkimi’s launch on the SUI network and the rebranding of its token mark significant steps in the platform’s evolution. With its decentralized approach and the leverage of advanced technology, Alkimi is poised to make a substantial impact in the digital advertising space. As the platform continues to grow and expand its partnerships, users can expect enhanced functionalities and benefits.
For the latest updates and developments on Alkimi and its migration to the SUI network, visit https://crypto.news/alkimi-launches-on-sui-rebrands-token-to-alkimi-ahead-of-kraken-listing/
