Alttex The Swiss Army Knife of the Cryptoworld

alz190 (55)in #cryptocurrency • 6 years ago

How would you feel if you are a guy who has 7500 bitcoins stored in your hard drive. You are holding it from the time bitcons did not have any value. You held on to them because you believed that one day they would be of some value. One fine day when you get up you realize that 1BTC =$15000 that means 7500 bitcoins = $117 millions, is it not a wonderful story. Except you have accidentally thrown away your fortune in a landfill. How tragic :(

Case II
You have your wallet password securely scribbled on a piece of paper and now you cannot find it.
So your crypto money is with you and you cannot spend or use it because you no longer have your password.
All these are not mere stories but real incident and more and more people are realizing that their crypto assets are either no longer in their possession or are lost due to a forgotten password.

Add to this the fact that $9 million are lost everyday due to cryptocurrency scams.
All these incidents point to some very important facts
-There is a need to securely store our cryptocurrency money
-We need to be able to use our cryptomoney when and where we need it rather then struggling to find
our passwords.

Enter Alttex

That is providing a secure vault like wallet to secure all our cryptocurrencies in one place.
So it means no more managing multiple wallets to hold multiple currencies. Instead one easy to manage wallet would hold all our currencies.
The access to the vault would be validated by using latest technologies like face recognition and finger print recognition. So only you can have access to your funds that are present in your vault.

Alttex is also AltDex a decentralized cryptocurrency exchange where you can trade, buy and sell cryptocurrencies

All this is possible using your mobile because Alltex is designed to operate as a secure mobile app.
Be it android, IOS or windows phone Alltex app would run smoothly on it.
The decentralized nature of exchanges makes it more secure as compared to centralized exchanges where all information and data is stored in one place thus there are more likely to be hacked and your funds are relatively more at risk as compared to a decentralized exchange.
Those who are aware of how people have lost money when Mt.Gox got hacked and went down subsequently.
Decentralized exchanges are built on a trustless model that needs no middle men and there is no monopoly. This is what Alttex is establishing by way of AltDex

The common perception is that Decentralized exchanges are difficult to understand, operate and conduct business with but with Alttex all that is about to change.
Alttex provides a mobile trading decentralized interface that is user friendly and easy to operate. Since you are in possession of you mobile at all times so you are never too far from your personal yet decentralized cryptocurrency exchange.
The big advantage of using Alttex as an exchange is that the decentralized nature reduces the trading fee and trades are more secure.
In case of a decentralized exchange the trade is peer to peer and if someone is found to do a fraudulent activity then his software can be withdrawn.

The Advantages of using Crypto exchange AltDex

-Being decentralized makes it secure and protects it from being hacked and is DDoS attack safe
-A built in security system where only validated user can access the account using either
-Touch ID
-Face ID
-Pin Code System which user receives in email. System also validates the IP from which a login request is sent

Can be accessed and operated on Android, IOS, Windows Mobile
-Provides a single finger operation of account.
Built to provide a high transaction rate of more then 100000 transaction per second.

The AltMessenger

Communication is the key to human survival and growth. It is hard to imagine a life where we cannot communicate with one another.

AltMessenger is a blockchain based messenger service and would help us connect with others, send and receive messages.

AltMessenger would also let us make and receive voice calls as well at a nominal rate. A unique feature of the calls is that I as a user can set my price to receive my calls. When someone calls me I would earn cryptocurrency AltX for receiving calls.
The AltMessenger allows us to list goods that one wants to sell on our wall. We can list a price for the goods. A buyer can use the cryptocurrency in his wallet to pay for the goods to buy it or use the messenger to communicate and negotiate the price. Thus it would be like a peer to peer cryptomarket place.The lack of middlemen would reduce the cost of transaction and would herald the start of a low cost peer to peer secure blockchain driven market place based on the blockchain technology.

AltX tokens

The AltX tokens are utility tokens that would be used to transact in the Alttex Platform
They would be used to buy & sell digital goods using the Altex Crypto messenger.
One would use them to pay the fee for using the decentralized exchange.
They would also be used as a mode of payment for placing advertisements within the application.