Good day. Recently I stumbled upon a new blockchain project Alluma. And since there is
practically no information about him on the Internet, I decided to give Alluma my today's review.
About the project
The growth of Asian countries is impressive. Such a fast pace is ensured not only by the development of industry, but also by digital transformation. The potential user market has 1,100,000,000 users.
Alluma is an institutional cryptocurrency platform focused exclusively on the Asian market. The emerging markets of Asean and South Asia occupy a quarter! of the entire population of the world, and therefore represent a very promising option for promoting blockchain technology and cryptocurrency on them.
However, not everything is so simple, the main problem is the lack of a high-quality local trading platform, both for large customers and for retail consumers.
However, not everything is so simple, the main problems that prevent implementation are the following:
From the blockchain itself:
insufficient liquidity
Sorted Token Offers
limited options on operations fiat cryptocurrency and cryptocurrency cryptovalbta
From the point of view of ease of use
rather complicated design
low confidence in the security of operations and storage of assets
limited functionality
From the client's point of view
low customer support
lack of support in user languages
All of the above problems cast doubt on the rapid and effective implementation of the blockchain in Asian markets. In turn, the creators of Alluma took into account all the above problems and created a platform that not only suits the beginner in the crypto world, but also satisfies the more experienced crypto followers (traders).
The mission of the project is to revolutionize cryptocurrency trading in emerging markets.
Platform Features
six-tier security architecture
The developers managed to create a reliable security system using the experience and errors of other platforms.
better protection against distributed attacks
two-step authentication
- the main core is hidden in a private network and is not available to third parties
storage of the main part of funds in cold storage
The company has its own self-service server.
Horangi Cyber Security, which developed and implemented a special security protocol, became a partner of the security project. The company also does not plan to stop there and takes other measures to protect the platform.
reliable local policies KUS and AML
A tool for tracking crypto-portfolio
Access to online market tracking tools
Instant purchase and sale of basic cryptocurrency (40+)
Established relationships with 2 major exchanges
Bidding Fiat crypto and back on one platform
multi-lingual online support and regional representatives
Individual portfolio management
Mobile Access
Alluma is a more advanced trading platform with advanced features.
Managing Hot and Cold Wallets
95% of assets are stored on an online store with multi-signatures, while the rest of the funds are distributed to several hot wallets.
At the same time, corporate management protocols and verification of company employees were implemented.
Order Management System
Matching Engine is a mechanism for matching purchase and sale orders. It can perform over a million transactions per second. Thus, Alluma cannot be overloaded with requests for transactions.
Token management system
The company will support not only existing and stable digital assets, but also new cryptocurrencies. The Management Board will provide an exclusively selected list of digital currencies.
To provide a new coin, a 2-level check will first be conducted:
Analysis of the project blockchain (data for team and advisors, description in Whitepeper, token, etc.)
With the successful completion of the 1st stage, the following will follow:
Notification of the project blockchain teams about the selection of their coin for further verification (verification of all documentation).
How the platform works
To work with the platform, you need to go through only 3 stages:
Create an account. This is possible over the network, from Android or iOS. It's free and very easy.
Pass ID verification (KUS registration) and transfer funds to your account
Buy the currency you are interested in.
The project ecosystem has its own LUMA token. This is a token on Ethereum blockchain and the ERC-20 standard. The token will be exchanged both on the platform itself (shopping fees, participation in the loyalty program), as a reward for active participation and development of the platform, discount on shopping fees and individual conditions for access to content.
Sale of tokens will begin from August 27, 2018 and will last until September 27.
The cost of 1 coin will be 0.083 US dollars
Total 1,000,000,000 coins issued
30% allocated for sale
The minimum amount for the project is: 5 000 000 US dollars
The maximum amount for the project is: 22 000 000 US dollars
Conclusion on the project
Developers offer an advanced platform focused on the Asian market. They took into account the negative experience of other platforms and created a new platform that will speed up the introduction of cryptocurrency in the market with more than 11 billion potential users. At the moment, the platform is in closed beta-testing. The launch of the platform is planned in the third quarter of this year.
Telegram: https://t.me/allumaexchange
Website: https://alluma.io/
Blog: https://blog.alluma.io/
Support: https://support.alluma.io/
Twitter: https: / /twitter.com/allumaexchange
Medium: https://medium.com/alluma
Facebook: https://www.facebook.com/alluma
Reddit: https://www.reddit.com/r/alluma/