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Altbase have just announced their new mobile app build will be launching very soon on the BSC for the altcoin exchange competitor. The previous app is seeing a completely re-developed platform for its users’ to trade the native token $ALTB with an array of token options listed on Altbase, including several altcoins that aren’t available on most recognised exchanges currently.
The token, derived from 100xCoin, saw the migration to Altbase a few weeks ago, and has ambitions to become the top altcoin exchange with a platform that has been in development since its inception on the Binance Smart Chain. The token has just recently seen a 5x increase in price following a 25BNB buyback executed by the team, in order to gain a better market value before the new app goes live.
An Executed Buyback + New Mobile App
The buyback was executed in preparation for the new mobile app set to go live soon, with 25BNB sparking a cascade of buys for following the effort, soaring $ALTB price from the 24-hour low of $0.0028 to $0.015, with it retesting $7 million marketcap, and a daily volume counter of $250,000.
The new app will be available on both IOS and Android alike, with verification process on both platforms required for new users. It involves applying a valid phone number from the list of accepted countries, which will then send an authentication code allowing the user to progress further into creating a pin for frequent logins.
The application features a simple, easy-to-use interface that can be operated in dark or light mode by user choice, allowing it to be used in different lighted surroundings. Users can also track their send and receive amounts for past transactions, along with price movement of the listed coins, including prominent coins $BTC, $ETH, $BNB, and $DOGE. The app allows customization of wallet address contacts, giving users the option to add an email and name to the saved addresses.
Credit and Debit cards will be available for use on the new app, probably the most significant addition to the build, allowing users to make direct purchases of listed crypto on Altbase with fiat cash. This is the first step for the company in making the $ALTB token a widely available pairing token for altcoins.
CEO Update Video from Ken Llamas
The CEO of Altbase, Ken Llamas, has just released a video updating the community on its recent developments and the transitioning of the project to a more focused structure, in aid of releasing their new enterprise-level app build. A restructuring of the internal team was conducted, with 5 current back-end developers and 2 UX designers, as well as a financial re-order so the company’s funds are sustained.
Ken explains the recent absence from social media was due to management needing a proper turn-around as a result of the past FUD associated with the company, which has allowed the Altbase team to put their focus back on the project and the proposition at hand. The decision to move away from the predecessor 100xCoin is emphasized in the update video, as Altbase aims to steer the direction of the project away from meme coin status, to put the app offering and upcoming NFT marketplace on the forefront of the proposition.
The conclusion of Ken’s video proceeds with an announcement regarding their effort to keep content structured, by updating the community with weekly progress every Monday. The app currently has 30,000 users, who will soon be able to benefit from the new application, and additionally, any $ALTB and Junkie Cat NFT holders will be receiving future offers once the mobile release goes live.
Shedding Light on Altcoins with Altbase and the $ALTB Token
The Altbase vision involves becoming the go-to platform for buying and selling altcoins, meme coins, and DeFi crypto, their complete exchange, made possible by the partnership-program and regular token listings. The team are in the process of launching the new app build, delving the project into phase 2 of bringing the additional platforms including an NFT marketplace, and cross-chain interoperability.
$ALTB will become the mainstay token for all transactions and pairings instead of $BNB, once an exchange license permit is acquired by Altbase. This means the DEX is given the green light to become a fully-fledged trading platform, which will add significant utility to the token, and potentially bring volume once future pairings are executed. It is also used as the loyalty reward, which when earned, can be spent back on the exchange.
Holders of the token will be granted access to a product suite offered with the Altbase DEX, including merchandise, services, and the array of token options available. With the implementation of decentralized exchanging, users can expect new altcoins to be regularly listed once development is completed.
The Next Step Following the New App Release
Altbase have endeavored to create an NFT marketplace post-launch of the application, offering digital creators to sell their exclusive art on a platform available to holders of $ALTB. Users will have the ability to purchase these NFTs on an open market, and re-sell them at their discretion. The release of the new mobile build will be the first step for Altbase in becoming a fully-fledged exchange, and with the faster transaction upgrade, the new app could potentially keep their recent price movement in the plus.
The altcoin exchange innovator has enlisted Coinpresso: a crypto marketing agency offering digital marketing strategies through Crypto SEO, Web-Development, and Content marketing, to help get the DEX to a prominent position.
Altbase are always looking for projects offering potential in the altcoin market, with the new mobile build moments from release to the public, and the recent increase in the $ALTB market value, the DEX offering could be a potential game-changer in the world of crypto exchanges.