Interview with the Alttex team
Today, I have interviewed Yevhenii Meita, CEO of Alttex, on their ICO and future projects. Alttex is developing a digital platform with a decentralized exchange, personalized crypto-messenger and a Smart Safe. Alttex is listed to organize a token sale in Q2–2018.
1) What problem do you solve, why do you need blockchain technology and what are the main pillars that define your company and distinguish you from your competitors?
Blockchain technology accelerates the exchange of transactions anywhere in the world with minimum commission. ALTTEX has developed a robust and fast platform with 3 products. The first product is a De-centralized Exchange with an easy and intuitive user-interface with Face ID and Touch ID and cloud storage of crypto assets for mutual settlement of cryptocurrency for services and products. Next, we’ve developed a unique Crypto-Messenger. Finally, we have a Smart Safe.
2) What value do you add to your production chain and which are the main obstacles to the success of your solution?
We constantly implement advanced solutions based on the technology of blockchain. The value of our digital platform is the use of cloud storage, which means the absence of central servers, as well as the continuous improvement of existing versions of their implementation. As a basis, we take the protocol 0x as well as a number of tools that allow you to increase the transaction speed to 100,000 transactions per second.
3) Why did you decide to launch ICO and why do you need a public sale of tokens?
There is a huge lack of real products that support and give impetus to the rapid growth of cryptocurrencies. Our ALTX token was created for the development, promotion and maintenance of our platform, which will be constantly in demand due to the improvement of products and their successful promotion on the global market.
4) What is the function of the token inside the platform and why is it needed? How did you determine the total volume of supply and distribution among stakeholders?
The role of the token is used to calculate within the system when performing all sorts of transactions by which it is possible to buy or sell goods and services, purchase stickers, use for mutual settlements for crypto-games, and also exchange it for other popular crypto-currencies. In addition, ALTX tokens are accepted as payment for placing advertisements on different Internet portals and social networks with the help of Bounty and Airdrop campaigns forming our network of users for further trade on major world exchanges.
5) Where do you see the value of your token in the medium and long term and the maximum benefit for the holders of the tokens?
The medium-term perspective of our token is already formed by the release of our product in its Alpha version on the Play store. The iOS version is coming very soon! Long-term perspective, we’ll constantly update and expand our products which enables token holders to get maximum benefit.
6) Thinking about the future, what are your plans after the end of the ICO? Can the volatility of the crypto-currency market affect the economy of your project?
We must work together on two tracks. This is the development of our products and the popularization of our coins on major world exchanges. When we talk about the future of our company after the ICO, we understand that the volatility of our token is inevitable, so we are working on implementing marketing plans to promote the product.
At the moment we already have a large community and we really appreciate the contribution of everyone who is with us, and therefore we are aimed to constantly increase the number of users of our products. One of our key decisions is the introduction of an ecosystem with a smart user economy, which includes all the key aspects in which each user can comfortably store their assets for education, entertainment, recreation and even retirement and legacy. We hope to make it possible to transfer funds via DNA or by direct instruction so you can clearly indicate who inherits your crypto assets, while setting the time threshold for freezing the purse, and after that the system activates the inheritance protocol, which in the future will guarantee your cryptocurrency legacy continues.
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Disclaimer: This interview and the information contained herein is not intended to be a source of investment, financial, technical, tax, or legal advice. This interview cannot substitute for professional advice and independent factual verification.
