ALTTEX - ALL YOU NEED IN CRYPTOSPACE, IN ONE PLACE!
Humans have always been suckers for proximity, reason being that it saves time and resources.
This proximity advantage doesn't apply alone to economic systems but also applies to mechanical, electrical, chemical systems, e.t.c
For example in any mechanical system, the closer the components are in that system, the lesser the losses through means like heat transfer, friction which leads to energy loss in forms such as temperature drop, pressure drop e.t.c
As humans progressed in technology and innovation, the proximity problem continued to show its face in different forms and technology have failed to recognize some of its face forms.
How do I know this?😏
History Lessons!😊
Let's take a trip back in time.
The Proximity Problem.
In the nineteenth century, Human porterage was the widest form of transportation, whereby a man transports goods and himself through long distances, on foot by walking. The effects of this form of value transfer included crawling distribution of resources, slow economic developments and in worst case scenarios, shortened lifespan for porters(High mortality rate).
To increase the proximity of goods to the marketplace from the point of production, better transportation system needed to be made, goods needed to reduced in size but valued equivalently and a reliable communication system between the exchange parties.
The transportation improvements came in all forms, in speed and size of vehicle, on land, air and sea, considerably reducing the dread of goods movement and improving the nearness to market. With the speed of goods movement increased for the same distance, technology succeeded in bringing the goods destination closer, by grossly reducing time of movement and the cost of movement, either in finance, health or material damage.
Reducing goods' size and attaching an equivalent value partly but majorly led to the invention of Money and the price system e.g a laptop represented by its price, say, $500. Instead of transporting a large sized laptop in order to exchange it for something else(the trade by barter system), $500 which is lighter in weight, smaller in size and easily transferrable through other money transfer systems, represents the value used for this transaction from one of the value exchange parties.
Did these changes bring goods, services and money all in one place? Did they increase their nearness or proximity?
Not entirely. Although the transportation system were, to an extent, working efficiently in carrying goods between exchange locations, money transfer had not become seamless, it still suffered "transfer friction", especially across boarders, due to the large transfer costs and long time of processing and delivery.
Proximity is not only characterised by the nearness of goods, services or money to the marketplace but it's also characterised by the ease with which exchange parties exchange information which may involve negotiations, pattern of delivery, products specifications e.t.c
This where the internet comes in.
The Internet and The Blockchain.
The information exchange problem is almost extinct because of the internet and its development. Various forms of information exchange such as blogs, video calls, social media e.t.c has greatly improved information dissemination between people and made them closer seemingly. No wonder the world is now referred to as a global village.
But it was still a village!
A village because the advent of the internet created another world known as the cyber world and it seems like for every new world created, the problem of proximity ensues again, in a new but still ugly face😏.
As for the internet, the proximity problem had first, the ugly face of value storage. Services being exchanged for services and goods for goods. It was the era of trade by barter all over again but on a more sophisticated level, a virtual level. On this virtual revolution, the internet, there was no equivalent value system to use for exchange of goods and services, it still remained under the auspices of the fiat monetary system which is centralized, slow, costly to use. This limited extent to which the world could be globalized and the proximity of different locations increased.
Because of its great advantage in seemingly bringing goods, services and resources all in one place, there was need to make it independent of the fiat monetary system, there was need to create a virtual value system, to make what was good, better.
The fact that internet was prone to attacks from hackers and weak to defend itself against these attacks discouraged the development of a value system in it, hence since it held no such system it was called the internet of things.
Perhaps you have heard the words internet of value, this is what the internet of things metamorphosed to when the blockchain technology was added to it.
Internet of things + Blockchain technology = Internet of value
The Blockchain is an unhackable but transparent distributed ledger of transactions and based on its security and transparency, virtual value systems commonly called cryptocurrencies or cryptotokens was brought to the light of day e.g Bitcoin, Ethereum, Ripple, Cardano, e.t.c
There was once again an opportunity to further pull things closer and this "pull" needed to be based on the blockchain technology as well.
THE PULL || ALTTEX
The nearness and availability of the components of the Crypto-system like earlier emphasized would affect to a great extent it's efficiency. Like most economic systems some of it's components include;
• Resources reservoir
• A marketplace
• Security
• Human Relationships e.t.c
Now,how does ALTTEX come in?
ALTTEX brings all this Crypto-components together and makes it available anytime anywhere. It takes proximity to a different level, by making what's good(The Blockchain and it's currencies) even better through bringing its already close components, closer.
Imagine you had your office, a marketplace and maybe a casino for some fun and your home, all in the same compound.
What a world that would be!
ALTTEX is the full Cryptoworld in a mobile device. It is a platform with a decentralized cryptocurrency exchange, a smart safe and a crypto-messenger allowing crypto-users to manage all their crypto-affairs in one place, so they won't get caught.😏
The platform features will completely do away with the crypto-porterage existing in the crypto-space until now which had led to high costs of crypto-activities and straining mental efforts in moving from wallets to wallets, wallets to exchanges or wallets to utility markets in the cryptoworld.
The Crypto-marketplace
ALTTEX crypto- trading platform provides users with a user-friendly and familiar user interface for swift and real-time trading. Connected with a smart safe, the trading and saving amounts can be separated to leverage loss by mistakes. This exchange also makes joining the crypto-family easy and secure with a decentralised P2P exchange.
The Smart Safe
The volatility of the cryptocurrency prices has been attributed by expert analyst to the lack of discipline of cryptoholders to "hold" a particular currency but let market sentiments affects their decisions to buy or sell and the ease with which various currency can be exchanged for another. The smart safe provides a timed withdrawal feature, which helps users control their spending habits and also discipline them to hold currency leading to better stability of the market. One advantage of this safe is it's ability to accommodate multiple currencies, hence there will be no need for owning several wallets all over the cryptoworld. This in turn will no doubt lessen or completely the cost of different wallet transfers and currency conversions, no to mention, the top notch face ID security added for extra security in this smart safe.
Decentralized Crypto-messenger.
Businesses accepting cryptocurrencies as methods of payments already are in search of ways to constantly interact with their customers for improvement of products brands, managing profitable customer relationships and updating customers on the recent changes made to products in the crypto-space. Also concluding deals after negotiations proved difficult as other platforms needed to be used for this. ALTTEX provides these decentralized messenger for all this plus a close proximity to the crypto-resources.
Utility Services.
ALTTEX creates a utility market feature on the same platform, making transactions easier. The multi-token wallet makes it seamlessly possible to negotiate with a service provider in any cryptocurrency they desire.
All the above mentioned benefits specifically designed for mobile devices creates a proximity of resources and utilities that has never been in the world. Undoubtedly, efficiency increases with with proximity in most cases and at the proximity level, the economic growth rate will skyrocket.
Technology has advanced the human race in proximity and the state we find our self now is "good" but the implementation of ALTTEX will make it "perfect" in that all that we desire will be in one place handled by a progressive ALTTEX Tech.
In time it can be said that the world progressed in proximity, in this form;
Porterage ---> Transportation systems ----> Internet -----> Blockchain ------> ALTTEX.
For more information about this project, you can watch the video below;
alttex2018
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CED.
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Submitted.
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