how about detailed info?
looks more like a scam
What kind of info you looking for, and what makes you believe that this is scam. We want to provide as much transparency as possible, so just go for it and ask questions
If its the 3rd generation of crypto, why is it still build on a random version of a bitcoin wallet ? It just seems like another clone
Maybe you read the whitepaper or just the ANN first page, since bitcoin and dash and litecoin are open source , the code from each can be used sa you want.
Now to your statement that this seems like a clone: yes some part is cloned with all copyrights mentioned in the whitepaper and even if you load the wallet, partly from bitcoin, partly dash , partly litecoin.
Why? because the basics of the code are tested and reliable. So we can use theses basis like bitcoins P2P and dashes Masternode system.
You would be stupid to write your own code and try and fail maybe if you can use the stuff which is already free available.
So ALQO uses some code from these 3 coins, the best parts of them.
And the rest the ALQO Team , which is the first german cryptocurrency, will develop and include.
This is a work in progress project but with a solid basis from bitcoin , dash , litecoin.
Now the question is what will they add and what makes this coin special?
1. Its planned to introduce cold storage staking: which means that even if you have your ALQO coins on your cold storage or in your wallet and your computer is off, your coins will still earn Stake rewards!! Other coins dont. you have to either let your computer running and your wallet app open.
With ALQO your coins earn intrest ,so you can say, on their own just by holding them and carry them around.
2. it is now very affordable to run a masternode. until the price is in this stage you pay only 1200 USD to buy 10000 ALQO and you can make your own masternode earning money. This low entry level is great to get the maximum of decentralisation and also the maximum in participation.
What use does a Cryptocoin have , if only people with big pockets and millionaires can earn from it.
As you know bitcoin is rising in price, but this is because it is new and hyped.
But if the market is mainstream and everybody uses cryptos , then the miners will only profit from running the network.
You as the user of the currency only use it as value transfer, the Miners become the new Banks and Gods of money.
With ALQO it is the total opposite. each ALQO coin earns interest on itself by staking. and it doesnt matter how many coins you have , each coin has the same chance to earn the same amount of interest (POS).
3. Each coin has a VOTE. The system is totally democratic. Not like Dashes voting system or Bitcoins where only miners can vote, no.
Each ALQO holder, no matter how many ALQOs he has can vote!!
4. If you consider these previous points, ALQO is not only a store of value, but it is also a real currency.
Bitcoin is not a currency anymore , why? because if you spend your bitcoin you lost your investment!
Noboddy wants to spend theri investment and only HODL, thats doesnt amke any sense. So some companies like SALT are building systems where you can use your Bitcoins as security for getting a loan... what a great idea (irony)
Not only that you have to pay another system fees so you actually can use the value of you bitcoin to spend. But its also possible that bitcoin falls in price.
Why? i know many Bitcoin deciples dont think that this can ever happen... but im here to tell you it can.
Specially if you think about that if bitcoin is successful and mainstream population uses electronic money, do you think people will stay with bitcoin?
All you need to pay with crypto is a wallet app in your mobile phone. its not magic. dont get me wrong, bitcoins success is important for all cryptos.
But just like AOL who brought people the first internet acces with CD roms and dial in and so on. AOL doesnt exists anymore!!! And they were NR 1!
Why because of the competition which was cheaper ,much faster and solved the problems AOL had .
ALQO is this competition. It is like a virus for bitcoin.
It needs now bitcoin to succeed. But if the market is mature, ALQO will take over Bitcoins market share because of the reasons i mentioned above and also there are other things coming to ALQO which will be disclosed next year and which are far far ahead of the Technlogy that the First Cryptos had. Just because ALQO can.
It is much faster, It is democratic without the need to have a huge investment into the project, and you earn interest wich you can spend and no lose your investment!
As i said there are much more things to come in the future. But ALQO solves all the problems which a truly democratic crypto'CURRENCY' should have.
It is your currency, you own it just by holding it, and you are your own bank and you profit from using it, not someone else, no bank, no miners!
If changes need to happen , you can vote on it, just buy having the crypto you get a vote!
In ethereum its Vitali and a small circle , in bitcoin its only the miners.
If you ask me Bitcoin will be in the hsitory books just after it become really mainstream. maybe before that, because the more people get aware of crypto, the more they get aware of the flaws.
And ALQO solves these flaws!
And as you know if germans invent something it should be useful and robust. ALQO is useful for what a currency is intended for and robust because it is truly decentralised with Masternode consensus.
And if you want to know how fast ALQO is growing,... in 27 days ALQO has now over 500 Masternodes! 500! and market cap is still low.
Because ALQO wants the system to be decentralised as much as possible , which makes it much more stable and secure in a Masternode system.
Dash has now over 7000 Masternodes after 3 years, ALQO has in one month over 500. in one year, we will have tens of thousends!
And even if you dont have the moeny to buy a masternode, like Dash masternode costs now a few million i guess, so even if you dont have moeny for a Masternode, your ALQO , earns interest, without a computer!
So why would people want to use a currency that maybe a few people benefit of.
Bitcoins few thousand miners, Dashes few thousand MAsternodes, with ALQO its everybody who holds or participates in the ecosystem!
ALQO also has Atomic swaps enabled, which mean you can swap it with other Atomic swap coins like vertcoin or Litecoin or many others. Everywhere where those coins are accepted you can also pay with ALQO.
So as you see this team thought about everything and , just like german engineering, left out the unessesary stuff, but gives your real reliable product.
As i said , the system is fully democratic and can be changed at any time by voting. If there is a freature which is good, we can add it by voting.
And majority rules, not like BTC and DASH becoming a minority ruling over all the users.
So there is also more to come and one thing is a secret they dont tell anyone yet, but the team says its a game changer.
Even without the secret, this coin is Perfect!
And one thing i forgot to say.... the transaction time is almost instant! its one second!! i did it today... mannn that was scary... I clicked on withdraw on coinsmarket and immedately my wallet makes DIIIING! .... I was like, what was that? cant be the transfer... I oopened the wallet, and it was already transferred...! it was really spooky
And trust ,e the killer app for blockchain is right now only currency. The platforms like etherreum and EOS and so on need at least 10 years to have the technology to even use them as intended. Now xou cant use most of these platforms at all even they have billion dollar value like EOS, Or you can only use them for 10% of what they should be able to do. with ALQO its the safest investment ever!
Many thanks for the exhaustive answer. it remains to wait for the price of 5 cents to replenish its stocks)
