Alttex; empowering the next wave of mobile based cryptotrade, trading on the go!

Our team aimed to create a universal integrated platform with a high degree of reliability, satisfying the needs of cryptocurrency users as much as possible.
_Alttex

Introduction

Since the inception of blockchain technology and the advent of cryptocurrency which started with bitcoin in 2009 by Satoshi Nakamoto, there has been a monumental expansion of internet based economy.
So many market places have emerged around this crypto revolution often referred to as 'exchanges' because they allow traders to trade between bitcoin and the other coins known as alt coins. The flow of these markets depends on demand and supply which affects prices of the various assets.

The sustenance of this new economy rests entirely on the use of digital devices and the internet since these are entirely digital currencies.

Digital activity is often divided between desktop computers and smartphones with the later showing positive growth rates which is shown by recent statistics as examined below.

Internet penetration is projected to pass 4 billion mark by the end of 2018 and currently, the number of internet users is estimated to be more than half the world's population. When you examine the statistics of internet usage there is always a positive correlation between time and continuous growth. Even though this statistics is often biased by regional distribution, the high information technology literacy rate among the youth of developing countries is balancing things up.

_{source||Originally from International Telecommunication Union}

A decade ago, almost all web pages were being opened on desktops and this saw the increased penetration of desktop computers around the globe. However, the recent explosion in the adoption of smartphones have changed everything. In October 2016, Statcounter, which is a research company that tracks internet use across not less than 2.5m websites, reported that 51.3pc of pages were loaded on mobile devices and this was the first time phones had surpassed desktop and laptop computers.

Since then, mobile phone usage has only been on the rise. Most smartphone users also have laptop computers and even though they use the phone more often, they still make use of the computers for more complicated projects and recent reports have shown that more than 20% of millennials adopts the use of mobile phone only. The wall street journal also indicated that desktop usage had been in decline since 2015 and the use of smartphones on the other hand has been on the rise since. A more astounding stats from Statcounter again shows that 1 in 5 millinnials (age18- 34) don't use desktop anymore.

_{source|| Mobile phone usage estimated to cross the 5 Billion mark by 2019}

This is often due to cost, mobility, convenience and other factors but it all points to a future of mobile powered internet ecosystem.

Problem Statement

There is a growing adoption of the new digital currencies by the day from people around the globe with the total market cap about $470.43 Billion and expected to cross a trillion by the end of this year. Unfortunately despite this growing adoption coupled with the increasing penetration of smartphones, most of the exchanges concentrate on the desktop applications instead of phones. Even though some of these exchanges have responsive websites, their mobile usage is often a bit clumsy which does not create the necessary convenience of trade.

This problem is exposed by the growth rates of Binance as an exchange platform against the other platforms

Binance is currently the world’s largest cryptocurrency exchange, with over $6 billion in assets traded in an average 24 hour period. Binance’s rise to the top has been swift. Since its launch six months ago, Binance has grown at a rapid rate. Millions of users per week sign up to use the exchange, including 240,000 members last Wednesday alone. Wednesday’s daily record came after Binance lifted a temporary freeze on new member registrations.
_{Blockminute.com}

Even though there may be other reasons for the increased adoption of this platform I think the biggest of them is the the Binance mobile app, though still with many restrictions is arguably the best among the popular exchanges thus far.

Unfortunately as I said, this still has so many restrictions. Critics of the crypto revolution often criticize the low level of community and social aspects to this economy. " What kind of market have traders who cannot speak to each other?" Well, this has been a big problem over the years on the exchange platforms.

Also, having assets spread across different exchanges often leave most new users confused as to how to manage this assets and results in huge losses. The statistics of lost assets can't be easily accessed because inactivity may only mean the asset is being stored for long term use. This also posses a huge problem in terms of death, the family of the deceased may not be able to access this assets, living them to be locked away forever.

The Solution: The number one (#01) objective of Alttex

What is Alttex?
I would say Alttex is the solution to the problem stated above. It is an all-in-one built in platform for;

1. Cryptoexchange:- What is a decentralized currency when it is still being traded on centralized markets? Well, it is now time to take it to a completely DECENTRALIZED exchange platform with the advent of Alttex.
   This will take away the fees paid to third parties during trade. With Alttex, traders have the chance to maximized their profits but most importantly, it provides room for new members of the crypto trade to learn and try the markets without restrictions.
   

   

2. Crypto Safe: Owners of crypto assets can now store their value and transfer balances in one single vault secured by an amazing block chain technology as it provides a multi-currency safe.
   

   

3. Crypto Messenger: - People get to communicate while trading. This brings the social aspects of trading into life. Instead of seeing people as just a string of Letters, traders can now negotiate trades and discuss cryptomarkets on a single platform. Isn't this wonderful?
   

As if that is not enough, this platform is built for the smartphone. Now you can basically carry your crypto world on your handheld device. This is completely in tide with the global exponential growth of mobile phone usage.

Coincidentally, just last week I was involved in a phone conversation with one friend of mine about the cryptocurrency revolution the opportunities it presented for investment. One question he asked kind of left me off. He said " So you have assets backed by passwords so if you should die today, how does your family get to these assets?

Honestly, I had not thought of this before and his question brought so much issues to my mind, is it safe to share all my passwords with someone, what if the person goes rogue?
The conclusion I came to was that if only I could have all my assets in one SAFE it would become easier sharing its accessibility in case of death. But how could I do this?

I was still thinking of this before I saw Alttex through this sponsored contest with @originalworks
After reading just their official definition of who they are, I knew this was the next generation solution to the current problems with the crypto world.

This platform is based on the following principles: security, convenience and comprehensible interface, designed specifically for mobile devices, advanced technologies and a strong team.
_{Alttex whitepaper}

With Alttex, it only gets better. Many people do ask that say cryptocurrency in just a perception, well, ALTTEX provides you with the opportunity to shop with this perception. With Alttex Cryptoshop, you can shop with your crypto assets right on your phone.

With Alttexproviding this all-in-one solution, one has to question how such a powerful platform is going to be maintained as a decentralized system.
Well, the team behind this great technology believe that perfection is not a destination but a continuous process hence the platform would be under constant improvement with the latest blockchain technology.

For more information please watch their official video below

This is my submission to a contest sponsored by Alttex, you can also participate by reading Writing Contes: Alttex by @originalworks.

alttex2018