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ALLUO's ambition is to become the decentralised neo-bank of the future and bring the benefits of Defi to everyday users. Today, Alluo is a Polygon-based non-custodial mobile wallet allowing people to earn great yield on stablecoins and, in the future, crypto assets (e.g. ETH, BTC). We are live on both iOS and Android stores. The mobile app is powered by the Alluo liquidity direction protocol governed by about 3.8M $ALLUO tokens.
⚡️Built by an experienced fintech team who have worked together previously in consumer and small business lending 💪🏻
Token pricing to take place through Gnosis auction (e.g. Silo finance) between 28th Apr and 4th of May Fully diluted Market cap >$50m Circulating market cap>$1.5m
⛓️Built on the Polygon Blockchain for fast and low cost transactions to ensure seamless communication with other EVM-based blockchains like Ethereum, Avalanche, FTM etc. Polygon is one of the largest blockchain ecosystems in the world with over 200 protocols deployed.
🥇 Our key advantages:
Simple to use non-custodial mobile app that allows people to earn a high yield on stablecoins without the need to know about blockchains etc.
Consistent high yield on auto-pilot - $ALLUO stakers continuously direct liquidity to high-yielding venues (e.g. convex/curve, anchor, ...) so if more interesting opportunities come along, funds are automatically re-deployed from one protocol to another
Works even for smaller accounts - thanks to our deployment on Polygon, we can give a good experience to people depositing as little as $10 thanks to very low fees which are paid directly by the protocol (mobile app users do not pay any blockchain fees)
💰Token symbol: ALLUO
ALLUO Token Utility: 🔹Protocol fees 🔹Governance (votes on Liquidity direction and advertised APY by asset) 🔹Yield boost (upcoming)
Additional materials:
📌 Tokenomics: https://blog.alluo.io/alluo-tokenomics-e6fc83e902e9
📈 Investor deck: https://docsend.com/view/e7g6ieugf93h8ei5
👉 Strategic Investors: ✅ Shima Capital ✅ Spartan Group ✅ NGC ✅ GravityX ✅ 0x Ventures
Roadmap for 2022: Q2 '22: Lending - allow users to borrow against their deposits + diversifiying the investable assets (e.g. EUR stablecoins, ETH) Q3 '22: Boosting - allow users to earn higher yields when they lock $ALLUO tokens (e.g. account tiers where users who stake more $ALLUO get to earn a higher APYs on their deposits) Q4 '22: Card spend - allow users to spend online and in-store using their alluo balance