TopicStarter: Altmarkets –
[browser-shot url=”altmarkets.io” width=”800″]
|Registrar domain||NameCheap, Inc|
[ALTM] Altmarkets Coin | Exchange Utility Coin
Coin Suffix: ALTM
PoW Algorithm: Scrypt
PoW Period: 800,00 Blocks (0 block reward, only POW to secure the network if needed)
PoW Target Spacing: 60 Seconds
PoW Difficulty Retarget: 10 Blocks
PoW Reward per Block: 0 ALTM
Full Confirmation: 10 Blocks
PoS Algorithm: Blake2b
PoS Target Spacing: 64 Seconds
PoS Difficulty Retarget: 10 Blocks
PoS Reward: 5 ALTM
PoS Min: 1 Hour
PoS Max: Unlimited
Wallets (WIN, MAC, RAS PI, Sources)
What is [ALTM]?
ALTM (Altmarkets Coin) is an exchange currency for https://altmarkets.io a cryptocurrency exchange focused on lower cap cryptocurrencies, a launch pad for currencies with low development fund or starting out. ALTM is a utility coin.
ALTM is a POS Currency which gives a 5 reward stake for anyone contributing to the network, ALTM will be a base pairing within the Altmarkets Exchange.
Planned prominent usecases:
Trading Fees Discount (50%)
Exchange Listing Voting (Planned)
Buy Back Scheme:
Altmarkets will undertake a Buy Back Scheme on ALTM where 25% of all exchange profits will be used to purchase ALTM where traded on the Altmarkets Exchange, this will be on an ongoing basis and reviewed every quarter.
All reporting of ALTM purchased will be done on a month end basis and placed within a burn scheme thus constantly reducing the circulating supply.
In order to create an initial support and awareness of ALTM, Altmarkets will release a total of 5 Million coins to exchange users, this will be to the first 5,000 people that sign up and create an account on the exchange.
(this announce will be updated periodically)
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