AltCoin (ALT) is a cryptocurrency that aims to provide holders real-world usage with a virtual reality utility by improving its services to serve the existing holders and attract new holders. As per the whitepaper, AltCoin aims to implement a reflection tax, which means users get a part of every AltCoin purchase just for being a holder. With this objective, AltCoin seeks to generate enough value in its ecosystem to donate 10 percent of available funds to installing trash disposal systems in harbors all across the world.
AltCoin aims to build a metaverse and plan to name it altyverse. By utilizing Altyverse, this cryptocurrency aims to deliver high-quality virtual reality and augmented reality pirate games where users can build a crew, ships, cities, and ports. Also, the metaverse of AltCoin seeks to provide users with an opportunity to sail the open seas with their crew battling others over loot and treasure. AltCoin metaverse also seeks to launch games like Metaverse Jobs, Port Construction, Ship Building, Crew Building, etc.
In addition, AltCoin offers an NFT marketplace, which seeks to allow users to trade and exchange altyverse collectibles and non-collection NFT. NFT marketplace of AltCoin aims to allow users to create an auction, place or remove a bid, and place a “trade now” price. A service fee is applied on each trade, of which 30 percent goes to Ocean Clean-Up Charity, 40 percent goes to project development, and 30 percent gets burned. Burning permits users to remove tokens from circulation, reducing the number of coins in use.
Another prominent feature that AltCoin aims to provide is AltCoin Swap, a decentralized exchange (DEX) powered by Pancake Swap v2. Pancake Swap v2 is one of the highly popular DEX on Binance Smart Chain (BSC). As mentioned in the whitepaper, AltCoin Swap has been put through rigorous testing and has proven its credibility and stability. Besides, users can easily swap BNB (Binance Coin) and other stablecoins to AltCoin using AltCoin Swap without thinking about a contract address.