ATECH digital asset platform project confirms IEO plans. Scheduled date: August 30th.
The summer of 2019 is coming to an end and we have witnessed cryptocurrencies getting back on track after a dismal year it had in 2018. However, 2019 brought new life in the market sentiment which was complemented by the meteoric rise of IEOs — Initial Exchange Offerings.
ExMarkets has successfully made a name for itself in the IEO market and has become one of the most popular places for crypto/blockchain startups to raise funding. Today, we’re glad to announce that just at the end of the summer, we will host another promising IEO — one of ATECH.
Alpha Technology or ATECH for short is on a mission to redefine our current economic system in which all interacting parties from investors to consumers, from institutions to retailers are given more power to transact in a more transparent, efficient and faster way. In essence, ATECH is building a financial platform for seamless P2P exchanging of digital assets.
The platform is to be built on the Ethereum Blockchain in order to make these value transfers possible and secure.
ATECH IEO starts on August 30th and will run until September 23rd. The project team is fragmenting the IEO into 3 different tiers with respective bonuses.
- First 50 million AFX tokens will be sold at $0.06 USD and 20% bonus will be added on top;
- Then 100 million AFX tokens will be sold at $0.12 USD and 15% bonus will be added on top;
- And the remaining 1,500 million AFX tokens will be sold at $0.18 USD and 10% bonus will be added on top.
The Initial Exchange Offering of ATECH is set to start on the 30th of August, so it’s not so far away. Go ahead, visit our LaunchPad and navigate through ATECH’s IEO page. Don’t forget to open up an account in advance — it is really simple and will not take more than 3 minutes of your time.
In-depth: ATECH’s P2P platform
As of now, the P2P financial market is one of the fastest-growing marketplaces in our global environment. According to statistics, the compounded growth rate is accelerating exponentially and is expected to hit a staggering 51.5% by 2022. Anyway you look at it, it’s close to insanity. Another closely related market — P2P lending or marketplace lending as it is also known has been growing at a fast pace over the last couple of years. These factors alongside the fast global penetration of cryptocurrencies imply there’s a developing industry that it is only at the inception stage with a lot of potential to grow in the near future.
The P2P industry enables transacting parties to bypass international and financial borders, significantly reduce the need for intermediaries while the utilization of smart contracts helps to ensure the integrity of the ecosystem, drastically driving down costs.
What is more, upcoming startups tend to shift towards P2P lending markets to act as a source of securing funding, especially in places where these startups have been rejected by banks and traditional lending sources.
ATECH platform is designed to remove as many obstacles from the P2P lending market as possible. The user interface, as well as the backend of the infrastructure, is structured to make data processing, security, and verification as seamless as possible. To ensure it, ATECH team will offer an authentication API and Smart Contract-led management system to easily create offerings, cancel, pause or terminate them at will.
In order to paint yourself a better picture of the ATECH’s endeavor, do not hesitate to watch the official explainer video of the AFX ecosystem.
Some of the benefits of ATECH platforms are offering:
- Trusted ecosystem secured by Smart Contracts — the usage of smart contract allows bypassing the need for a central authority to verify transactions, lending/borrowing can be organized to happen in a peer-to-peer environment entirely.
- Exchange liquidity — in many forms of investment methods, people have to wait for months and even years in order to be able to cash out. With ATECH’s platform, however, there will always be real-time project value displayed and users will have the ability to liquidate their investments at any time during project development.
- Tokenized ecosystem — introduction of the AFX token provides a vehicle to not only allow platform’s users to engage in the P2P lending/borrowing marketplace, but also enables the inclusion of gamification, loyalty and engagement reward systems which can be crucial in order to hear the community’s voice, respond to bugs or inconsistencies, and improve the whole ecosystem in due time.
There are numerous other benefits offered by the ATECH platform such as decentralization, openness, risk reduction, lower competition and reinvestment of cryptocurrency profits which are described in more detail in the ATECH’s official whitepaper. You can find it here.
Every actionable operation performed in the ATECH’s ecosystem whether it be a sale, send, gift, offering or anything else will be denominated in AFX tokens and will require them as a means of fees. It will be the sole unit of value and will have exchange rates with the most popular crypto and fiat currencies for the real-world association.
AFT tokens give access to ATECH partnership chain and the ability to use those services. It also allows helping platforms most active and loyal users to get ahead and benefit from the ecosystem. They are also used as loan collateral but without any interest going back for the collateral holding. All in all, it can be considered to be the ‘in-game’ / ‘in-platform’ token which gives the option to use or unlock certain features and rewards.
- Ticker: AFX;
- Starting price: $0.06 USD;
- Discount: 10–20% depending on IEO stage;
- Listing price: $0.18 USD;
- Total supply: 1,000,000,000 AFX;
- Available for sale: 550,000,000 AFX,
- Softcap/Hardcap: 8,000,000/28,000,000 USD;
- Payment currencies: BTC, ETH;
- Blockchain: Ethereum (ERC20).
ATECH is tackling a real-world problem and is positioning itself as a problem solver which offers an alternative route for the current way we tend to engage in financial and investment activity. ATECH’s IEO starts on August 30th.
Don’t forget to set a reminder and be there when the time comes. ATECH will help reshape the P2P financial market in the world for today’s generation!
Sign up now on ExMarkets and get ready for the action!
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ABOUT THE AUTHOR
ExMarkets is a digital asset exchange platform powered by the state-of-the-art trading engine developed in-house. On the exchange, ExMarkets users can trade the most popular cryptocurrencies as well as gain the chance to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) LaunchPad.
Fairly recently ExMarkets was granted 2 operational licenses for crypto-fiat gateway and custodian service provision by the Estonian regulator making it one of a few certified players in the market.
It takes only a few minutes to set up your account and users are allowed to make deposits in Bitcoin, Ethereum, other supported cryptocurrencies, tokens, and most importantly Euros.
To top it all off, ExMarkets is a part of the CoinStruction liquidity framework which is aggregating order-books from the most well-known cryptocurrency exchanges guaranteeing 24/7 crypto liquidity — a feature which can seldom be seen in the current market.
All IT solutions and technology of ExMarkets and CoinStruction’s services are developed in-house guaranteeing that all security threats and third-party associated risks are kept at minimum levels throughout all stages of product deployment.
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