The maximum amount of coins to be mined will be 250,000 which will be 80X less than the bitcoin. The ICO will consist of 8000 coins and also 2000 giveaways and bounties. The price of the Altcoin( IE) would be 0.009 btc and people purchasing the (IE) within the first 24 hours of the launch will be able to receive a 10% discount. In future day’s customers purchasing a 100 coins or more will get a reduction of 5% of the price.

ICO proceeds will be used to develop coin, wallet and the ability to use all retail gateways. The algorithm will be Lycra2re, the reason behind using Lycra2re would be to prohibit Asics mining and also to allow less expensive cpu and gpu mining. Currently a debit card is also planned to be part of the road map, however it will be August at least and in certain countries only where there are no legal restrictions.

Starting from July 1st, the Bitcoin exchange altbitex.com will hold the ICO of International Euro and coins will be available from 12pm UK time. The ICO will be on a first come basis though larger buys can be pre booked. The ICO is under-written by an outside investor who if any coins left will pay the full price.

Ease, affordability and a very simple process will make it easier for people to mine (IE) with cheaper options of cpu and gpu rather than expensive mining equipment that becomes redundant in 6 months.

Apart from being a Bitcoin/Altcoin exchange we are also a money remittance service sending Cash or digital currency from your account to a friend or Business anywhere in the world in seconds. We are also a Forex dealer in major currencies.

For people who think the altcoins will not be able to undermine bitcoins, here’s a news. Altcoins, the alternatives to bitcoins have been receiving vast digital improvements and with the coming of platforms like ALTBITEX, it’s quite near certain that bitcoins are more likely to lose their shine come the future. The new alternative coins being launched by ALTBITEX have the courage to experiment which they are doing so endlessly. This might make the bitcoin world stale if they do not buck up and experiment to change. Bitcoin community is still under fights to fork the coin whereas the altcoin and cryptocurrency exchanges are experimenting every bit they can.

[b]About ALTBITEX[/b]

ALTBITEX is a new cryptocurrency exchange that has been functional since May 2015. The exchange is fully regulated in the IOM and concentrated on the top 8 coins where it can execute 1000s of trades a second. The purpose behind establishing ALTBITEX was to offer people a very secure alternative cryptocurrency exchange which was not only reliable but also fast and had low fee rates. Now ALTBITEX is known for offering bank grade security to all its customers along with a wide range of coins. Trade options, as low as 0.5% are available at ALTBITEX, likes of which are not easily found in the market. People who would like a perfect alternative to their existing exchange are encouraged to try out ALTBITEX as a new, fast and very secure cryptocurrency exchange. We have struck relationships with third party banks that hold all fiat currency for us. Altbitex.com also works as a money remittance service and can transmit fiat and digital currency all over the globe at very competitive prices and discretion is assured. We also operate as a forex service in most major currencies.

For more information please visit https://www.altbitex.com/