Altura ALU

All You Need to Know about Altura Crypto

Altura is a set of NFT services and white-label solutions for integrating Web3 and specifically into games. Any developer can use the services of Altura to integrate the whole mechanism of NFT-based items, wallets, marketplaces, etc. into their games. Altura is focusing on the accessibility of its services with a technically simple implementation process and affordable prices. We will have a closer look at how Altura works, and what it can offer.

Web3 Gaming

Web3 gaming combines decentralized technologies with video games, enabling true digital ownership of in-game assets, tokenization, and secure trading on decentralized marketplaces. This approach enhances cross-platform compatibility and encourages innovative revenue models like play-to-earn. 

Altura Solutions

So far, Altura offers multiple premade solutions for businesses that wish to enter the Web3 market. Currently supported networks are Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Fantom, and Avalanche.

White-label Marketplaces

White-label NFT marketplaces offered by Altura are pre-built platforms that businesses can customize with their branding to create their own online space for buying, selling, or trading non-fungible tokens (NFTs). 

These ready-to-use solutions help businesses save time and resources by leveraging existing technology, allowing them to enter the growing NFT market quickly and efficiently. 

Companies can tailor white-label NFT marketplaces to fit their specific needs, focusing on aspects like user experience, design, and functionality to cater to their target audience in the digital art, gaming, or collectibles sectors.

Smart NFTs

Altura Smart NFTs have dynamic properties and behaviors, enabled through the use of smart contracts. These Smart NFTs offer greater versatility compared to regular NFTs, as they can change or interact with their environment based on specific conditions or events within a game.

Developers can readily integrate the Altura smart NFTs into their games to create a more immersive experience and introduce play-to-earn mechanics.

Altura Guard

Altura Guard is a functionality that can be integrated into games for a simple creation of Web3 identities. In order to use the integrated NFT ownership and play-to-earn mechanics, players need to own a crypto wallet of the specified chain. 

Altura Guard simplifies this onboarding process for players, by generating the wallets without additional third-party services.

Altura Marketplace

The Altura NFT marketplace is a decentralized platform designed for the trading of Smart NFTs, primarily in the gaming sector. Built on various chains, it offers a user-friendly and secure environment for buying, selling, and trading unique in-game assets.

The marketplace promotes interoperability between in-game assets across multiple games and platforms, allowing users to utilize their NFTs in various gaming environments. This feature enhances the overall utility and value of NFTs within the gaming industry.

The marketplace, like the rest of the Altura ecosystem supports the following chains: Ethereum, BNB Smart Chain, Polygon, Arbitrum, Optimism, Fantom, and Avalanche.

Key Features:

• NFT listing in both native assets and stablecoins
• Seaport contract provides gas efficiency
• On-chain activity monitoring
• NFTs sorted according to their respective games
• Lootboxes with secret items

The ALU Token

ALU is the native utility token of the Altura ecosystem. It serves various use cases, related mainly to the Alura NFT marketplace and other blockchain services.

Utility

Medium of exchange: Users can leverage ALU to buy, sell, or trade Smart NFTs on the Altura NFT marketplace. Additionally, ALU can be used to provide liquidity on decentralized exchanges like PancakeSwap, enabling users to earn rewards in the form of trading fees or other incentives.

Staking: Stakers of ALU receive rewards proportional to their stake, which may temporarily keep the tokens from circulation on therefore raise their price. 

Governance: ALU token holders can also participate in the platform's governance, proposing and voting on improvements, updates, and other decisions.

Tokenomics

The total amount of ALU tokens is hard-capped at 990 000 000, with new tokens entering circulation by staking. The rate of issuance of new ALU tokens is continuously decreasing, eventually stopping at the total amount.

The tokens were distributed in the following way:

• Developer team - 10%
• Marketing - 10%
• Operation & Dev - 15%
• Reserve & Advisory - 10%
• IDO (Initial DEX Offering) - 30%
• Private investors - 10%
• Liquidity - 15%

As you can see only 30 % of the total supply of ALU was dedicated to public sale. The majority of the tokens are locked inside vesting contracts for developers and investors, unlocking over time.