We all know about current situation of cryptocurrency exchange world. There is lot of cryptocurrency exchange exist and new exchanges are coming day by day. But there was always have some problems in cryptocurrency exchange system.
For example :
Hacking is one of the biggest problem nowadays. Centralized exchange like bittrex, coinbase, bitfinex is at big risk right now. If you saw the news about Japanese one of the biggest exchange coincheck hacked and lost almost $500 million last year.
This is showing us how risky is it if saving your money in centralized exchange sites. In some source 90% people are saving their cryptocurrencies and money on exchange sites, I think it's not that wrong number because we can't always withdraw our money everyday because of high fee and slow transaction.
So what we left is decentralized exchanges like openledger and bisq but these type of exchange is little bit hard to use for regular people. If you are new in cryptocurrencies you will puzzled with their platform. But using decentralized exchange gives us benefit like more secured way of saving your money. Did you ever see decentralized exchange hacked ? Answer is No. Decentralized exchange can't be hacked because it's distributing data all over the world this is why blockchain technology is getting popularity nowadays.
Withdrawing your money on centralized exchange is like traffic jam you need to wait at least 30 min to confirm your transaction in some case this last hour, day even week. Why we need to wait that long we already giving transaction fee like $5-$10 buck per transaction it's not that big number but it's not like people are doing one transaction a day.
Blockchain technology and cryptocurrencies are giving us high benefit like high speed transaction and centless fee but exchanges are not so we can't actually fully use that cryptocurrencies benefit.
Alttex is decentralized exchange like bisq or openledger so you don't need to worry about hacking issue.
I think It's first time i saw decentralized exchange that can use card payment. I don't know how it's exactly work but if we can buy bitcoin using card on decentralized exchange that will be much more easier for me.
3 thing that i liked about Alttrex
1.Easy to use- As i said before decentralized exchange is not for regular people but alttrex is more like mobile platform and it's lot easier to buy and exchange cryptocurrencies with your smart phone.
2.Transaction speed- Alttrex can do 100000 transaction per second that's huge number right there. I personally never saw something fast like this so if it really can do that will be awesome.
3.Decentralized market - In Alttrex you can sell or buy goods using cryptocurrencies. I think it can become huge because buying or selling good using cryptocurrencies lot much easier for me. How knows if market become like ebay or amazon that will be one of the biggest thing .
Conclusion
In my thought this project is more innovational than other decentralized exchange platform and lot more easier to use so if project development end i think people will attracted their platform. Multicurrency wallet is more easier to save your cryptocurrencies and i really liked that they have their own market in their exchange platform. I think with their mobile based platform trading will become much more efficient and easier. I personally really looking forward for their future development.
Token details
Total supply: 50,000,000 ALTX
Avalaible supply: 50,000,000 ALTX
Hardcap: $ 20,000,000
Token type: ERC-20
Token price: 1 ALTX =0.07 USD
Source:
Website
Whitepaper
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