Altcoin.io has raised close to $1 million through WeFunder in its bid to develop into the world’s securest platform for exchanging digital value.
Crypto Aware believes about $3 billion have been stolen from exchanges.
This is because of the billions of dollars of digital assets exchanged every day. The bulk of this volume being through centralized exchanges that generally hold traders’ funds inside centralized repositories that entice hackers.
This decentralized cryptocurrency that has its headquarters in San Diego aims to solve the hacking problem.
This is by creating a peer-to-peer, trustless, and decentralized exchange. It ensures users are or rather stay in control of their tokens without ever renouncing them to a third party. Trading on Altcoin.io is near-instant, scalable, and a fraction of the cost of centralized exchanges. They want you to know that this all occurs while still providing an instinctive user experience.
Andrew Gazdecki who is the CEO and Co-Founder of the altcoin.io in support of their aim said, “The team and I are really excited about building an exchange where you can trade securely, staying in complete control of your tokens at all times. Altcoin.io combines the safety of decentralization with the speed and usability of a centralized exchange, which we believe is the next evolution of cryptocurrency trading.”
Along with its Co-Founder Sulejman Sarajlija, Andrew started Altcoin.io back in 2017. The team has already made headlines with quite a number of technological accomplishments. First, one is an exchange of Bitcoin (BTC) and Ethereum (ETH) by use of atomic swap technology. It was the first successful swap of its kind in history. They later released an atomic swap wallet which will form part of an upcoming Software Development Kit (SDK). The SDK will help other decentralized projects get off the ground.
Altcoin.io is planning to use the successful WeFunder campaign to take their decentralized exchange live and to continue developing the underlying technology and user experience. Moreover, they will invest in customer support and marketing teams. The crypto-enthusiast perturbed to try out Altcoin decentralized exchange can now test the latest version.
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