Good morning everybody.

GOOOD NEWS EXCELLENT NEWS STUPENDOUS NEWS AMAZING NEWS

Today we set the gold standard for Exchanges and Stake, today Stake Payouts are finally happening, today is start of something very special.
Now its fully ready all dry runs are done.

Altex StakePay Specifications

Round Duration : 4 Hours
Max Stakes Per Round : 1500 (Soft Limit for now)
Stake Fee : 10% Per Stake
Total of Stake to Users : 90%
Maximum Payout : NO LIMMIT
Payout Formula : TotalUserBalances / TotalStakeInRound = PPC || User.Balance * PPC

Okay so now for the intracasys of it, first of your immediately saying wtf they get 10% hear us out.

Staking coins is a simple process, however, staking massive amounts of coins, at the speed we will be staking is computationally expensive to operate, it places HUGE increased demands the wallets, the servers, and the network, this drives up our costs, and its not a little bit its alot, if a server runs say 50PoW coins, the same spec could only safely do 25 PoS Coins.

Another aspect to think of in the fee, is the transnational logging that happens, 10,000 stakes are included in the first round in just 14 days, so we have to process alot of data in a short period and constantly, then payouts happen, and the servers will take a kicking getting everyone paid.

Perhaps the most important thing to consider here, is the 90% your going to be getting and sharing in. Because cough that 90% More than you would otherwise get at lest say

Bittrex, Polinex, LiveCoin and pritty much all the others.


So thats the fees out of the way. Last little bit.

So how do i earn stake exactly?
Stake is available to anyone, all you need is a valid balance of a given coin.

COINS LOCKED IN ORDERS WILL NOT EARN STAKE ONLY COINS IN YOUR BALANCE AT THE TIME OF PAYOUT EARN STAKE, Coins that are locked in orders are just that, when you created an order you entered into an escrow style arangements and we store those coins, when a trade happens were collect there side, then pay you both at one


I think that about covers it, first payout at 6am, then every 4hours after that

Not an accusation or anything like that but thoughts on this one please

https://github.com/cryptominers-online/

Im sure i can count i make that 9 coins in 30 days.

What have i missed here?

Ill let shawn know

I can confirm the fix seems to be working the flagged account numbers are reducing meaning the affected users is going down.

Hopefully you should all be sorted out now, and good to go, but if not, holla at me ill get ill look into it a bit deeper.

Its due to last weeks crash hang tight ive finsished with the fix, im not intergrating it.

Clearing your browser history may help you login

I dont want to sound rude to anyone so please dont think im being rude i mean no disrespect for anyone.

We want all your feedback but i keep repeating this to users


2 Things.


Number 1 : Oh you should do this like yobit does, do that like bittrex does and this and that and blah blah blah
Number 1 Answer. Were not yobit, were not bittrex, we not mark karples, were not paul vernon, were not intrested in how others are doing it, were nothing like the others, we have an exchange yes, similarities with others stop there, and to be a bit blunt here

Do yobit offer a payment gateway?
Do Bittrex offer a Casino?
Do Polinex offer Automated Builders
Do Cryptsy Pay Stake to Users? Or bank it?
Do LiveCoin provide a dedicated user masternode account

Cos we offer all of the above (some is coming mind dev is ongoing in many areas)

And that is not even the half of it, so WHY, should we aspire to be like them, were nothing like them!?

What i will say is we can probably do better, and perhaps we should be doing better, but were more than happy with the progess the direction, the platform and the services.


Number 2: APT is worthless i want the option to cash out into bitcoin
Number 2 Answer: APT is far from useless, in fact you do get paid bitcoin from the APT program, every friday between 20:00 and 22:00 GMT, weve just completed the 4th APT Payout round, so far just over 0.6 BTC Has been Paid out, along with THOUSANDS AND THOUSANDS of other altcoins that generated fees, oh and the stake fee earnings that add into that, there is a post on our ANN where i talk about stake and the up comming payment round, you should see the amount of coins were about to distribute, its BIBLICAL millions of coins, 9500 stakes and counting, all waiting to be paid out


Number 3: The misconceptions about APT
Number 3 Answer, Tada this is what becomes of a failure to RTFM, APT is not a coin, its a token, those token represent the entire proffits from the Altex Platform, each week every coins proffit is paid out to holders of APT, so if you wanted a quick buck your own failure to RTFM is the problem here not our token or its current trade price.

So long as trade happens and we do deals behind the screens APT will always payout, and those tokens are yours. We give you the option to trade them for one reason and one reason only, the DEFINE what we do, by giving back to the community cheaply in a sustainable way, in a safe and accountable way.

Us 3 founders dont take penny from the exchange not even 1 sat, we have our own tokens like you and we get our money from the APT just like you.


For those of you who know 3 is more than 2 congratulations and well done.


Once again chaps and chapets i'm sorry i've been a bit blunt here, its just that weve poored in the funding, the time, the effort, weve spent 2 years toiling with this, and the rebrand has done amazing things, weve signed up more users in the lat month that BTCPOOL (our former name) managed every 3 to 4 months, and has already earned us more money that BTCPool ever did.

Its demoralizing when ppl make comments on here that belittle the work we do, and berate us for doing it wrong, so if you'll pardon the expression, if you think you can do better, put your money where you mouth is, lets see it.

We've spent $50,000.00 so come on put ya money where your mouth is and show us how you can do it better.

Everyone out there we appreciate your support your feedback and everything else, it has been invaluable so far and will be going forward were always open to ideas, were always willing to listen, but we will not be told to do it like another exzchange or another service or this or that, no one else out there does what we do no one.

All the best
DevTeam

Article from Altex Blog at http://Https://altex.ws/blog


Hi everyone.

Forgive my worse than normall spelling this evening, its been another seriously draining day for us.

 

So the elephant in the room, the ongoing server hardware technical issues resulting in full lockups, this has now gotten to the point that were breating down our providers necks on every level, its not a satisfactory position to be in for us, with unreliable hardware, all our hardwork and effot will not be undone buy these poeple.

If nessesary we have contingency plans and will move to another host, but we also want to give our current providers and fair chance at resolving it, despite thorough investiagtions, the only thing we have ruled out definitavly is the software itself, leaving only a hardware issue.

 

So if you have been affected by the outages we can only appolagise and hope youll be around long enough to see us make a success of this.

 

Upcomming Features in order of Release with dates ill do my best to hit.
 

AMP Altex Media Platform (aka SteemIt) youve all heard about steemit, i myself have tryed it, and ive followed this uniuqe concept from the start, and whilst i accept its a fantasic platform, i do perseve some issues, and this is our attempt at it, and here is why we think its better

SteemPower is backed by a phisical blockchain, with a ever increasing supply, ever decreasing scarcity and a downward spiral for prices.... This we think provides limmitations to the system, both in design and in the underlying blockchain executing>

AMP will be powered by APT, we will give away free APT for everyone who posts, reviews, comments etc, it will increase adoption of APT, and allow fewer barriers to entry to the APT System, how it works and why we think you will want a part in it.

Before you think oh cool free money, due to the way a minority of users operate, we had to increase the minamum buy or sell of APT to 10APT, any coins you are given as part of the AMP will not be sellable, unless you buy more to get over the minamum sell, but this is intentional, APT Is a token thats ment to be held, your not ment to sell it for a quick few hundred satoshis, you ment to hold it and each week collect thousands of satoshis, just to put it into context, Altex is 3 weeks into normal day to day operations, in those 3 weeks, more than 0.5 BTC has been paid to APT Holders.
 
StakeEngine Escrow Payments and Remittance
In plain english a payment gateway platform, with full API interface and web interface, and full support for intergration into almost ANY major backend provider from WHMCS to TomatoCart.

Think what would happen if you locked paypal in a closet with coinpayments.net, the resulting product improves on both systems without loosing any of the the features that users like most

So now you can send money and recieve money to anyone anywhere anytime day or night, in a matter of seconds, and when your recieving money you have a host of remittance options available, from instant payout and payforward, to instant deposit to balance.

 
Blackjack Quite possibly the most requested game addon, along with a slot machine style game, blackjack has proven to be just a we bit more complex than i had origonally planned, writing the game from the ground up has pushed my logic to the limmit, its been really rather trying and rewarding, there will be an early access beta to this this month fo ryou to try

 
SlotMachine
As above really with blackjack, more complex than i anticipated but early access beta should be availble soon, pending artwork

 
Stake Manager
As the stakes are now starting to build up in a speedy manner, this month will see a vasltly improved stake manager system, giving you in depth analytics of the way we stake, when we stake how much your will earn, how much we have earned, should look like the APT Earnings pages for those that have seen it

 
AccountManager 2.0
Vastly improved account management options, and much greater expansion flexability, with a change in approach the code is about 80% more efficent, many of you have already commented on the improved speed as the result of these pages have implications and performance improvements all around


Once again we can only appolagise for the problems the last few days, and we know it dont look what you would call stellar, but were clearly making progress and feedback is excellent all around so stick with us, and help us get to our goal.

We look forward to seeing you all again soon, and if you have any quesitons please let us know and well try get you some answers.
R

SE




ps Some Stake Performance Figgures

FULL PAYMENT RUN WILL HAPPEN FRIDAY FOR ALL ELIGIBLE BALANCES

Coins currently Awaiting distribution via Stake

AcesPro   7,001,323.20162860
PromotionalConsiderations   19,591.91489041
SkeletonCoin   96,920.91212353
BitBean   1,558.04333407

Yeah i can do this for ya, since its summit i could use to do some other testing with for the build.

Drop me a PM and well talk, only takes a few mins to build a mac client

Just thought id check in as ive been busy as hell last few days.

So as we all know, last week has proven to be a royal BLANK, but its slowly comming to hand, weve had additional hardware on order and today its arrived, im doing the inital configuration as we speak.

So right now, the whole platform is on just 2 servers, sliced up in to several virtual machines and remote backup storage, we thought we had more than enough power

12Ghz / 96GB / 8 TB

We was wrong, so with the additional hardware and a little bit of trickerys, were moving into our very cloud, weve more than trippled the CPU and RAM, and storage is up from 8TB to almost 60TB, a bigger network to work in and much more reliability we hope, now if a host fails things should be moved to the remaining servers and service will just carry on.


So there will be a maintenance window tonight from Midnight GMT to 8AM GMT, during this time, you will get a 404, i would put up a maintenance page, however this upgrade requires us disconnecting the entire network and thus any maintenance page would be a 404 anyway, and i'm reluctant to alter the DNS to another server for just a few hours.


When we return online you should notice a much snappier performance more reliability and a much more stable and reliable system all round, and there will be the bonus of excess capacity we can start rolling out more features that are complete, and have been on hold due to lack of server resources.


Thanks everyone...

And i would suggest youve failed to read the information included.

If your here to make a quick buck you slipped up. Go back and try again

Just thought id check in as ive been busy as hell last few days.

So as we all know, last week has proven to be a royal BLANK, but its slowly comming to hand, weve had additional hardware on order and today its arrived, im doing the inital configuration as we speak.

So right now, the whole platform is on just 2 servers, sliced up in to several virtual machines and remote backup storage, we thought we had more than enough power

12Ghz / 96GB / 8 TB

We was wrong, so with the additional hardware and a little bit of trickerys, were moving into our very cloud, weve more than trippled the CPU and RAM, and storage is up from 8TB to almost 60TB, a bigger network to work in and much more reliability we hope, now if a host fails things should be moved to the remaining servers and service will just carry on.


So there will be a maintenance window tonight from Midnight GMT to 8AM GMT, during this time, you will get a 404, i would put up a maintenance page, however this upgrade requires us disconnecting the entire network and thus any maintenance page would be a 404 anyway, and i'm reluctant to alter the DNS to another server for just a few hours.


When we return online you should notice a much snappier performance more reliability and a much more stable and reliable system all round, and there will be the bonus of excess capacity we can start rolling out more features that are complete, and have been on hold due to lack of server resources.

Hi guys just to let everyone know our coin staking has gone auto!!

Important note, only balances will earn stake, coins locked for orders are not counted.


As we mentioned before we are staking the wallets as a whole, this process has undergone some initial testing in recent weeks and this week its code is final and will run in full auto mode.

At 9pm gmt On fridays, stakes will be counted and issued to every user for the previous week.

In a few hours as the page caches expire you will start to see new menus and links on the platform allowing you to view this performance and some other bits of data.

So all you have to do, is deposit and trade, and have everything into your balance before the payouts run

Sorry for the faucet delay im now working on it, should be available very soon. I got a bit sidetracked with something else.

I cant post links they get removed, if you chose to do that, you can, if you visit the exchange, click markets on the left menu and APT.

Once you have an APT Balance, you'll notice in My Account some new tabs and data displays showing the APT Performance ** APT Balance must be greater than 1 **

You will then be able to view all fees generated by the exchange from various things, trades, stakes, voting, coin listings, games , icos etc

*edit cos i missed a bit*


The tokens are worth what the market decides there worth ultimately that depends entirely on the returns we generate, its to soon to tell you anything else. Its a slice of the profits from the exchange as the exchange grows so does the profit line. APT Pays you every week but im terms of APT price each, its just to soon to tell, i guess the best advice is always sticking to the party line, if you chose to invest, do your research understand what your getting into, what your likely to get out of it, risk vs reward, only then do you invest, and even then you never invest more than you can afford to take into your garden and burn.

Another satisfied customer, thats what its about a happy place, gotoooo your happy place

Okay chaps and chappetts

Yesterday saw our first hardware issue, im happy to report, everything worked as it should, took a while to bring up all the wallets again, but everything is now back up.

SkeletonCoin has been added to the exchange, APT Holders will see this in there pending payments, hope you all be happy with it.

Stake Mode - Finally its gone full auto, every Friday night stake payouts will happen, you'll soon notice in the my account section all new tabs for the stake system so you can
see your expected returns and some other data.


Fiat Markets, the keen eyes are away already, YES THERE OPEN. BUT, those markets are phase one, feel free to start trading if you wish, but we urge you to wait for phase 2 which will be available very soon,
we think you will love it.

Also (and ill let you know when) once the last of the framework is complete, there will be a dev pause and a bug bounty program run, for everything from spelling mistakes to other things, so get your lists ready im sure many of you have the odd niggle or slight change you think would be good.

you will be rewarded APT, on a fixed Severity Scale, Severity 1 Is critial, 1000 APT down to Severity 5 (visual) which is 20, and when reporting spelling we wont pay per word, but per page could be done

Any other questions shout.

Enjoy

The "incident" is now resolved, funds were returned.

Were very greatfull to him for comming forward and taking this action, he was rewarded for finding the bug :-)

Black Jack

Its taken me a while to get the logic straight, and its missing some obvious features, like split and doubble down, but there comming, the game will roll out in a basic form, then add split and double down, as we go.

Im working on a roulette aswell, but i cant say ill finish that intime just yet, thats a game thats simple to play, but hard to create, the logic is enough to run nassa, lines numbers colors lol.


Pot Of Gold already opened ahead of schdule, that has a max payout of upto 1.5BTC

Dice - Running very nicely so far, payouts have just been increased to 1.5x as we ease on up to 2 x (Also working or a split reward version, so you can bet higher and lower than specific numbers and get greater odds)

Bones - Works as it should at the correct payout rates :-)

Ive also got a soft attempt (recently started) of a very very basic slot machine type game.

So theres a ton to come, theres alot going on all the time, its just sticking to the schedule keep the rolling out at the right pace, from start to finish a full feature takes about 90 days to create, with testing coding tweeking etc.

The "incident" is now resolved, funds were returned.

Were very greatfull to him for comming forward and taking this action, he was rewarded for finding the bug :-)

That depends on your deinition of from the start hahaha, but i know what ya mean.