Altcoin.io - A Decentralized Altcoin Exchange Built by Traders for Traders

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The 411: Investment Opportunity: Better Trading Security from Hackers
        
Found on: 
https://wefunder.com/altcoinio
       &
https://altcoin.io 

The cryptocurrency exchange of the future

“

Hackers have stolen almost $10 billion in Bitcoin in the last few years, and centralized exchanges are to blame. By holding your tokens in a single vault during each transaction, they create a single point of failure, a weakness hackers can easily exploit. The market wants a secure way to trade. At Altcoin.io, we’re building a decentralized exchange that puts safety first: you stay in control of your coins the entire time. Already, 110,000+ traders have pre-registered since September 2017.

Andrew Gazdecki

CEO AND CO-FOUNDER, ALTCOIN.IO

OUR AMBITION

We believe decentralized exchanges are the future of cryptocurrency and centralized exchanges will soon become obsolete. Our mission is to build an exchange that supports instant, low-fee trades of virtually any token, all secured by the blockchain, that is easy to use for novice and experienced traders alike. With thousands of different altcoins on our network, high liquidity, and an excellent user experience, we hope to become the preferred platform for all traders concerned with security.

KEY FACTS

• 110,000+ pre-registered users.
• Founder named 30 Under 30. Grew previous company to 100+ employees.
• Centralized and less secure competitor Coinbase earned $1 billion last year.
• Founder's two previous companies acquired.
• First DEX to implement a Plasma-like sidechain solution.
• Featured on Bitcoin.com, Coindesk, CoinTelegraph, Cryptovest, and more.
• Accomplished and open-sourced world's first Ethereum and Bitcoin atomic swap.

Centralized exchanges put your digital tokens at risk

$9,800,000,000 worth of Bitcoin has been stolen by hackers.

Most cryptocurrency exchanges are centralized, storing billions of dollars worth of tokens in a single repository. By taking custodial control of your tokens, they create a virtual honeypot for hackers: all they need do is exploit a single weakness to access the funds of every trader doing business on that platform. Since June 2011, hackers have infiltrated about 30 exchanges, stealing billions of dollars in digital currency. 

Altcoin.io: a decentralized exchange for decentralized currencies

We're decentralized because trades are made peer-to-peer: we never hold your tokens so there's no single honeypot for hackers to break into. For crypto trading to truly flourish, we need an exchange that is safe, fast, easy to use, and highly liquid.

Decentralized exchange

Our mission is to create a decentralized altcoin exchange built by traders for traders.

Secure against theft

Decentralized means you cannot lose your tokens through hardware failure, lost credentials, or other negligence

Intuitive user experience

Our users can trade faster and without worrying if they're exposing themselves to risk.

24/7 customer support

Our customer support team will be available 24/7 to ensure all of our traders get the help they need.

100% token control

Trade securely and stay in complete control of your funds without sacrificing trading speed.

Introducing a sidechain for Ethereum trades

We're developing a Plasma sidechain for tokens on the Ethereum network which locks token value and provides users with proof of locked value before making tokens available to trade. It's a secure way to trade off-chain and then put everything back on-chain once the swap is done. It's a little complex, so if you're curious, you can learn more here.

Our future: a highly liquid exchange

The decentralized exchange that wins will have the largest amount of digital assets. Having lots of digital assets means a highly liquid market where users can trade quickly. 

To do this, we plan to white-label and license our secure trading engine to non-technical businesses that want to launch their own exchanges. They can customize the interface to cater to different traders' needs. In this strategy, everyone wins – we all share liquidity, making Altcoin.io's engine the strongest decentralized exchange on the market.

Our founder, Andrew Gazdecki, sold his first technology company at 19. Two years later, he founded Bizness Apps, an app maker for small business. Bizness Apps was placed on Inc. 500's list of Fastest Growing Companies twice: at #58 in 2014 and then #91 in 2015. Last year, he was named to Inc. Magazine's 30 Under 30 list. Bizness Apps was acquired in May 2018 by Think3.

He started trading altcoins last year. He made some good trades and some bad, but really loved how much energy was in the community. He appreciated how people were willing to share and discuss how fast altcoin technology was emerging.

Ultimately, he discovered the vulnerabilities in centralized exchanges, so he and the rest of the Altcoin.io team set out to build something better.

Let's Build a Decentralized Exchange Together – by Traders, for Traders

Dear Investors, 

Since June 2011, hackers have stolen billions of dollars worth of digital currency from around 30 different exchanges. Many of these exchanges hide in the shadows, lacking fundamental business practices like customer service, and do little other than help people exchange altcoins. So when things go wrong, there’s nothing you can do. 

Centralized exchanges are the weakest link in the cryptocurrency community and a chain is only as strong as its weakest link. If we believe in the power of decentralization, why are we forced to use centralized trading exchanges that are vulnerable to hacks?

Mt. Gox lost 744,408 BTC in early 2014, Bitcoinica lost 19,000 BTC in 2015, Bitfinex lost 119,756 BTC in 2016, and Bithumb was compromised last year with suspected losses of over $1,000,000 USD.

These hacks will likely continue as cryptocurrencies continue to rise in value. Strict regulations can also put centralized exchanges at risk of closure — even without warning.

We believe cryptocurrency to be the most radical shift in transferring assets in history. I founded Altcoin.io to provide the most trusted altcoin exchange platform in the world. And the answer to this is creating a decentralized exchange that is not only easy to use but safeguards your tokens.

Our decentralized exchange has no single point of failure, no hackable, central repository, and it’s entirely trustless. We can all agree that altcoins are going to see explosive growth over the upcoming years. For that to continue, we need a decentralized exchange to give traders a safe, easy way to transfer their tokens. 

Our goal is to build this platform together, as a community, that caters to every trader — new and experienced — to help increase this industry’s overall market cap. We’re currently at a ~$150B market cap now for altcoins — what’s stopping this from going to $1T? I believe this market is just getting started and by building a decentralized platform that puts you in control of your tokens, we can make a positive impact in this market, regardless of whether you use Altcoin.io or not

A rising tide lifts all boats, and we want to bring altcoin trading to the masses in time. But to start we’re building something for the community, with the community, through open feedback loops for product improvements, and a secure platform everyone can trust. Long story short, we want traders to feel safe while trading cryptocurrencies, and we want to build this exchange with the cryptocurrency community — together.

Sincerely, 

Andrew Gazdecki
Founder, Altcoin.io