***FOR IMMEDIATE RELEASE***
ALTBITEX, A New Cryptocurrency Exchange, Launches The International Euro (IE) AltCoin
23 June 2015 - United Kingdom - ALTBITEX, a new digital currency exchange, powered by CRYPTO NEXT and therefore subject to Isle of Man regulation, today announces the upcoming launch of a new Altcoin - the International Euro (IE).
Starting from July 1st 2015, the Bitcoin exchange altbitex.com will hold the ICO of International Euros, with coins becoming available from 12pm UK time. The coins will be available on a first come first served basis, although larger purchases can be pre-booked on request. The ICO is underwritten by an external investor who has committed to the purchase of all remaining coins, if any are left after the sale.
The maximum amount of coins to be mined will be 250,000, which is 80 times less than bitcoin, and the ICO will consist of 8000 coins as well as 2000 coins in giveaways and bounties. The algorithm used will be Lycra2re, chosen in order to prohibit Asics mining and to allow less expensive CPU and GPU mining.
The price of one International Euro (IE) will be 0.009 BTC and people purchasing it within the first 24 hours of the launch will receive a 10% discount. Subsequently, anyone purchasing 100 or more coins will receive a discount of 5%. ICO proceeds will be used to further develop the coin, wallet and retail gateways. A debit card is also being planned, expected to be released around August 2015, and will be limited to jurisdictions that authorise its use.
Altbitex Lead Developer @upgradeadvice says, “Altcoins, the alternatives to bitcoin, have been subject to vast digital improvements - and with the coming of platforms like Altbitex, it’s almost certain that bitcoins are more likely to lose their popularity in the future. Alternative coins such as those launched by Altbitex are far more open to experimentation in comparison to the more static and already outdated bitcoin.”
One of the main advantages of IE is the ease, affordability and simplicity of mining it, using cheaper CPU and GPU rather than the more expensive traditional mining equipment associated with bitcoin, which often becomes redundant within a few months.
About Altbitex
Altbitex is a recently launched cryptocurrency exchange that has been functional since May 2015. Powered by white label payments platform, Crypto Next, the exchange is subject to IOM regulation and AML, KYC and CFT policies. The platform offers trading of the top eight digital coins and has the capacity to execute thousands of trades per second.
The purpose of establishing Altbitex was to offer the community a secure alternative cryptocurrency exchange which was not only reliable but also fast and subject to low fee rates. Altbitex is already known for offering bank grade security to all its customers along with a wide range of coins.
Altbitex has established relationships with third party banks that hold all the platform’s fiat currency. Altbitex.com also works as a money remittance service and can transmit fiat and digital currency across the globe at competitive rates, with discretion assured. It even operates as a forex service in most major currencies.
For more information please visit
https://www.altbitex.comEmail mailto:support@altbitex.com for assistance