Why is AltSwitch (ALTS) crypto rising?

Highlights 

• AltSwitch is a decentralized protocol on Binance Smart Chain (Bep20).
• The protocol’s ecosystem includes AltUniversal Rewards, AltLucky buyer, Hardware wallet, AltApps & services, NFTs, DAO platform, and the ultimate universe (Metaverse). 
• Its 24 hours volume increased 366.65% to US$1,532,314. 

The AltSwitch (ALTS) crypto is drawing investors’ attention as it participates at the AIBC Dubai 2022. One of the AltSwitch summit highlights came on Wednesday when its CEO Carl Bitmax pitched for AltSwitch before American singer and songwriter Akon.

The AltSwitch team is exploring potential partnerships at the AIBC Dubai as part of its efforts to expand the reach of its token.

AltSwitch also unveiled the proof-of-concept and design of its hardware wallet. The ALTS token surged 28.86% to US$0.001713 at 4:42 am ET after the Dubai event kicked off.

What is AltSwitch (LTS)?

AltSwitch is a decentralized protocol on Binance Smart Chain (Bep20). It aims to become a decentralized ecosystem and expand to metaverse and web 3.0.

It plans to offer a secure alternative to the conventional financial system, empowering and expanding its community of investors to enable them to thrive in the fast-evolving crypto space.

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This first-of-its-kind reward protocol seeks to empower the community with a circular economic model that uses transaction taxes to drive growth and reward its holders. 

The company claims that those holding ALTS tokens in the wallet can earn rewards from any listed coins on the Binance Smart Chain.

Its whitepaper also added that Altswitch would offer many other token utilities soon. 

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The ALTS token holders will have control over selecting and changing any reward cryptocurrency on the Binance Smart Chain.

However, they could benefit more by storing the tokens for the long-term on the Altswitch protocol, generating a life-long passive income from the ecosystem’s transaction volume.

The Altswitch ecosystem includes AltUniversal rewards, AltLucky buyer, Hardware wallet, AltApps & services, NFTs, DAO platform, and the ultimate universe, Metaverse. 

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Eventually, the Altswitch metaverse will have its own decentralized tax system. The project is currently under phase 3, with less than half of the targets to achieve. In phase 4 of the project in Q2, 2022, it aims to release the Lucky Buyer Program (Jackpot Lottery), enter into partnerships, get CEX Listings, Certik Auditing, and a DAO video trailer. It also aims to start a direct credit card payment gateway and expand to other regions.

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Data Source: coinmarketcap.com

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ALTS price and performance:

The ALTS token has a market capitalization of US$654,529. Its 24 hours volume increased by 366.65% to US$1,532,314. Altswitch has a self-reported circulating supply of 401.23 million ALTS, and the total supply is 545 million ALTS.

The token is currently available for trading on PancakeSwap (V2) crypto exchange.  

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Bottom line:

The protocol’s ultimate aim is to create a digital alternate universe to empower the community by redistributing taxes or rewards from transactions. The protocol will use ALTS as its central token. The crypto market is volatile, and investors must apply due diligence before investing in digital assets. 

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