All details about ALTT can be found here : https://www.altcoinstalks.com/index.php?topic=124991.0
the below post is no longer relevant due to eth high gas fees
please check details about ALTT in our tokens section
Update 1: We had some issues with the ALTT token, thus we replaced it with the ATT token.
All functionalities of the ALTT have been discarded, ATT will have some of the ALTT functionalities that we will announce at a later date.
UPDATE : THE ATT token is being replaced by ALTT - for technical reasons 13/07/2020
2- ALTT :
Address: https://etherscan.io/token/0x485c540b5a299eaeb7307f21f5bc3def6a920b5c
Distribution: Distributed without restriction, during various promotion campaigns and partnership campaigns.
Role: Is a token that we would like projects to offer as compensation to bounty hunters if they fail to distribute their own.
We have reached today 30.000 member, it is an event that triggers our second planned phase.
Many of our members were supper early adopters, and embraced our forum, earning a lot of our ALTS token, and raising their forum ranks.
Now we will make it a bit harder, not to annoy you, but to increase the perceived value of our ALTS token.
We are still very very early, and you are still very very early adopters, thus till we reach phase 10, you still have a lot of time to increase you ranks and to earn ALTS.
The benefit of increasing rank is that many are now able to join bounties and get paid handsomely for signatures, something that they are not able to do on the other forum.
The benefit of having our ALTS tokens, is that very soon the holders will start seeing tokens airdropped to them, simply because they are holders. Another benefit ALTS total supply is only 10 million tokens ...
Phase 2, will focus on : Growth, Management & transparency.
Transparency: You can check my post in forum announcement section, on how we plan to have a transparent operation including a timetable of distribution.
Management: We are reviewing and trying to improve the Mods & Spartans operations.
Growth: We launched a sub token, the ALTT, which has what our main token is missing: it has the ability to create vast marketing and promotion campaigns, as well as drive more cooperations.
The total circulation amount of ALTT is 100 Billion and will be equivalent to 10% of ALTS
This will push our users to value more their ALTS tokens, and will help us promote it via ALTT.
Swap from ALTT to ALTS can be done via normal ALTS withdrawal if the ALTT is kept on file, or through a specific withdrawal if the ALTT was already on account.
ALTT is a token that is burned when it is exchanged with ALTS, but also when used for voting on the forum, thus the ALTT total supply will decline with time and increase the value of the token.
ALTT is an independent token with different objectives and utilities, but we are establishing this relation between both.
At any time ALTS to ALTT & vice versa is possible, based on the relation described above.
(https://i.imgur.com/HIIhseQ.png)
[updated with authorization from admin]