Q. As the interest in cryptocurency has increased worldwide, the cryptocurrency exchange has also exploded, and how do you feel about those existing exchanges?
A. With the rapid growth of cryptocurrency, the exchange has also exploded, so that the current exchange platform is set to perform similar features. In addition to not being able to support exchange of fast-growing coins market, we can rarely see exchanges that support key features such as PoS for coins like NEO or QTUM.
Existing exchanges seem to focus only on increasing commission income, and there are few places that provide functional support for cryptocurrencies. And since all the exchanges offer similar functions, it is hard to meet the needs of many users.
Q. They call it Alt Planet is a ‘Korea’s Binance’. Can you briefly introduce Alt Planet?
A. AltPlanet is an exchange where users can be the owner of the exchange. In addition to basic coin trading services, it is a creative exchange that offers a variety of dynamic services.
Q. What exactly is leasing system in Alt Planet?
A. AltPlanet is a cryptocurrency exchange platform that users can be owner of token market. The Alt planet exchange leases the coin’s token market to the user at a rate of 50% to 70% of the previous month’s commission fee. Ownership here means the right to the fees incurred in the token market that you own.
For example, Alt Planet becomes one big building, and the shops in that building are like the small token market of Alt Planet. To own and operate a shop, you pay a certain amount of rental fee, which is the cost of ownership of Alt Planet’s token market for a period of time. The cost will be set at 50 to 70 percent of the token market exchange commission revenue of the previous month. If the token market has been leased for a certain period of time, the tenant will take the transaction fee from the token market.
Q. What services does Alt Planet provide beside exchange lease feature?
A. Alt Planet supports a many services besides the exchange lease platform. A variety of coins, such as BTC, ETH, NEO, QTUM, and USDT will be anchor currency and would vitalize Altcoin trading as well. Alt Planet also supports PoS features for coins such as Quantum or Neo. Even if it is stored only in an exchange wallet, PoS interest will be supported. It also offers a variety of services such as the ability to purchase ICO tokens more easily, and discounts on transaction fees through APL tokens. Ceo Bae also said that Alt Planet will support air drops for all listed coins. And APL tokens will be purchased and erased from the Alt Planet every quarter when the market share reaches 5%, and the final goal is to incinerate 30% of the total issued APL token.
Alt Planet will support various coins world wide with its functional features, making healthier cryptocurrency environment. Providing creative and unique revenue model, Alt Planet will likely be the most dynamic exchange comapred to existing cryptocurrency exchanges.
