Altbase Token Launching Today with Buybacks and Fair Launch
October 25, 2021 at 21:21 PM EDT
Rosedale, California--(Newsfile Corp. - October 25, 2021) - Altbase - a new altcoin exchange and token offering on the BSC, has announced the completion of their planned migration to a new smart contract on Oct 25th, with the token also being made available for users to purchase. The liquidity from 100xCoin has been successfully moved to $ALTB and trading is to start imminently.
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The token will be officially available initially through the Altbase application and PancakeSwap with a relisting taking place on exchanges that previously listed the preceding 100xCoin.
The Altbase Token Contract Address
The address for the new $ALTB token - 0x9b3a01f8b4abd2e2a74597b21b7c269abf4e9f41
Altbase Tokens New Tokenomics
The previous 100xCoin was a hyper-inflated token that was not suitable for use as a utility. The updated tokenmomics model for the $ALTB token aims to increase sustainability for use inside exchanges and for better utility when pairing with other coins and tokens. The tokenomics will see a shift away from the hyper-inflation mechanics with a decrease in transaction taxes to a consistent 2% for all buys and sells. There is also a new total supply of a pro-rata 877 million, down from the previous 935 trillion approximately.
Buybacks To Be Made
As the migration comes to a close, there will be an allocation of tokens remaining that will be utilized by the development team to initiate buybacks on the new Token. This will take place any time after the Oct 25 launch date.
Altbase Token - Soon to be a Native Utility Token
The reason for the migration is to better utilize the native token as an effective pairing option with other altcoins inside the Altbase application. $ALTB will soon be a utility token for users to use when they buy altcoins within the application. The end goal is to eventually replace the current option, Binance Coin ($BNB).
New projects are being listed to the application continuously, and many are unavailable on other exchanges. The goal is to utilize $ALTB as a utility token and trading pair that can work effectively with the coins listed, which will drive further volume to the $ALTB token itself. A move seeking to further benefit investors.
The application itself is also seeing a development upgrade with an overhauled user interface and additional informational product pages. Details are soon to be released about this upgrade.
How To Purchase $ALTB
The new Token will have liquidity added to the contract via PancakeSwap V2 on the launch day of Oct 25th. The application will list the token on the same day. Enabling simple transaction options is a big focus for the community team, and as such the token will be available to purchase using only BNB, which can be obtained with a debit or credit card.
The Home of Altcoins - Altbase.com
Altbase.com has just launched and has experienced a complete overhaul, with a more streamlined and easier-to-navigate user interface for users. The site was built by Coinpresso - a leading crypto advertising agency that are experts in marketing, SEO and creating optimized websites for the crypto industry.
Included with the new and improved website is a selection of listed coins pages for projects that have partnered with Altbase, each with detailed project specific information. These pages have been designed to give users and potential investors more knowledge about the listed tokens, to help educate and assist with making smarter purchasing decisions.
Altbase Continually Improving the Platform
Altbase has been continually focused on providing the utmost highest standard for users and investors. Continually upgrading, redeveloping and changing when required. The overarching goal for the community team is to compete with the biggest players in the industry, to be the number one altcoin exchange and the first stop when people are seeking to buy altcoins.
This latest redevelopment, rebrand and migration is a significant stage in achieving this goal. Based on community feedback so far on their social media pages, it appears to be a step in the right direction.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100839