*New material below with screenshots, updates, messages, and more!*

AltSwap [ALTSWAP] (http://altswap.com) is a new cryptocurrency exchange built from the ground up to provide a secure and easy trading experience for users. The exchange launches 2014 and will support an ever-expanding number of new cryptocurrencies.

AltSwap is a unique exchange that offers built-in escrow services for all users at no cost to them outside of trading fees. The exchange has security and ease-of-use at a top priority and will always assure that users are protected against fraudulent accounts. AltSwap sports low deposit and withdraw fees as well as very small trading fees to promote user interactivity with the website without the worry of losing profits. Being a new player to the exchange front, AltSwap has huge potential for growth and many ideas waiting to be implemented. The goal is for at least one alternative cryptocurrency to be added each week after staff members have determined that it is a viable currency to support on the exchange.

New features will be on the way as soon as the exchange lifts off and we will always be consulting our shareholders for their opinions and ideas for AltSwap. We value our investors highly and want each and every shareholder to see their ideas and opinions come to life in the exchange. Join us for an amazing experience and help us change the face of security when it comes to cryptocurrency!

We look forward with working with all of our shareholders!

Community Coin Votes (CCVs): Exchanges arent the ones trading cryptocurrencies. So why should they be the ones who decide what coins are traded? AltSwap is built around community so CCVs will be planned each and every week on the BitcoinTalk forums. These posts will be made by one of the three executive staff members to assure legitimacy and will collect data on the most requested coins. Shareholders or regular users will both be able to participate in these votes and winners will be promptly added to the exchange when the voting period has ended.

Shareholder Coin Votes (SCVs): Since we love everything about our shareholders (who, by the way, are our greatest supporters) we want their support for quick decisions about coin additions. If a new coin is going exceptionally well and we get multiple emails about adding it to the exchange, shareholders will be notified through Cryptostocks that they have an open vote and they will choose whether or not to add the coin. Sometimes it will be a simple yes/no vote per share held in AltSwap and sometimes it may be a choice between two hot coins.

AltSwap Bonus Days: Here at AltSwap, we believe that everyone deserves a little reward sometimes. Some days or weekends at random, (completely unannounced) some coins may have their trade fee released from them, we may send a surprise dividend to shareholders, deposit/withdraw fees may be waived, or any other of thousands of events that the staff of AltSwap has planned for its many users.

Dividend Payments: To show our support for every wonderful shareholder, we will be sending out monthly dividends via Cryptostocks.. All shareholders will receive a payment (in BTC) corresponding to the percent of shares they hold in the company. In the future, if ads or other deals are considered, shareholders will also get to vote on their use. The more shares you purchase, the larger your payout will be at the end of each month.

Quarterly Shareholder Meetings: We want all of our shareholders to know what is going on in the company and how we are performing. Therefore, every quarter, a conference call will take place online for all shareholders and people interested in becoming shareholders to hear about website traffic, trading volume, policy changes, and more. It sounds like boring stuff but if you are an investor you know how important the outlook of our company is!

Built-in Escrow Service: At AltSwap, security is our top priority. Although we realize that deposits and withdrawals are convenient if they are extremely quick, we also realize that it poses a danger for the exchange and other users if top-level security actions are not taken to protect everyone (and their investments). If you notice, when you make a deposit or request a withdrawal, you will have to wait for administrative approval. All trades are made independent of this system but we take great pride in assuring that every coin being traded on the exchange exists in our possession whilst it is being traded. Administrators will generally process your deposits or withdrawals quickly so the wait wont take much longer than the usual six confirmations required at most exchanges. By sacrificing just a few minutes, you will be able to trade with a peaceful mind, knowing that real users and real deposits back every coin on the exchange.

Low Trade and Deposit/Withdraw Fees: The worst possible feeling is making a few great trades only to have half of your profit to be stripped away by exchange fees. We wanted to eliminate these feelings so we have less than 33% of the fees on some other exchanges. We always accept tips and donations but our main goal was to eliminate the buy and sell barriers that many exchanges have.

Cold Storage Wallets: With privacy as our top concern at AltSwap, we thought it would be best to take the greatest care in protecting your coins. When coins are deposited to AltSwap, an administrator will send them to an online hot wallet temporarily for approval and confirmation. After being approved, the coins will be sent to a secure and encrypted cold wallet in an offline location. The coins will remain in this wallet until requested by a user on the exchange.

Hard Copy Records: Each and every deposit and withdrawal is manually managed by an administrator, meaning that they can all be recorded by hand when approved. Both a computer copy and a handwritten copy of all transactions will be recorded to assure 100% security on all deposits and withdrawals. No data will be lost and your coins can always be returned.

We will announce more of our features later but, for now, these are our launch plan features.

Income will be gathered from quite a few sources on the exchange. Users will undergo a small fee of 0.1% when making a deposit or withdraw from the site and a 0.05% fee when trading currencies. Ad revenue and bounties for accepting new currencies on the site will also be factored into the total when calculating revenue for each 15-day period. A public revenue chart detailing the income for each 15-day period and shareholder standings will be updated very frequently. Ads will not be included with the initial launch of the site but a vote among shareholders will be brought once the exchange has created a small user base.

Revenue collected though shares will be reinvested in the upkeep of the website, server upgrades and security improvements, and new features in the future.

As a shareholder of AltSwap, you will be entitled to your calculated percentage of revenue derived from sources such as the deposit/withdraw fees, trading fees, ad revenue, bounties, etc. Shareholders are entitled to 70% of the total revenue in each 15-day period as detailed below. Detailed charts with earnings will be provided on a monthly basis via http://altswap.com in a shareholder area of the site.

Shares can be traded at this link: https://cryptostocks.com/securities/80

Shares will be distributed as follows:

Shareholders: 70% of the company revenue
Founder/CEO: 20% of the company revenue
Marketing Manager: 5% of the company revenue
Support Head: 5% of the company revenue

1st-Gen Login View

1st-Gen Registration View

1st-Gen Profile View

1st-Gen Deposit Funds View

1st-Gen Withdraw Funds View

1st-Gen Pending Funds View

1st-Gen Sell View

1st-Gen Trades View

2nd-Gen Login View

2nd-Gen Register View

2nd-Gen Profile View (Mid-Design)

2nd-Gen FAQ View

Q&A

Why did the shares of AltSwap plummet in price?

Our original plan was to keep the IPO active on Cryptostocks until the official launch date, however, our account was breeched on the 25th of February and the IPO was dropped. In addition to the IPO drop, the intruder also lowered the prices of the shares to very low numbers.

What are you going to do about the price drop?

Currently we are working on Cryptostocks to get original shareholders a multiple of the shares that they purchased at IPO price. This multiple will be around 10000 for shares purchased at IPO price and there will be no multiple for those who purchased after the price drop.

I saw that you had other stocks listed, whats up with that?
AltSwap is the focus of this post and should stay that way but we do acknowledge that our Cryptostocks account does have other shares on it. These shares were managed by me but equipment for mining was managed by a good friend with no access to the account. There is a buyback currently going on at this address (https://bitcointalk.org/index.php?topic=504448.0) that you should reference with any concern regarding FireMine or MineCo. Those discussions should be kept on that thread as they are more appropriate there.

When do you plan on launching?

We are not currently releasing any dates. We made a mistake in releasing a date in the first place and thought that after the missed first date it would be best to not post another. We are continuously posting updates to this forum and to the website so

Should I AltSwap trade shares on Cryptostocks?

Currently we are urging any trade of AltSwap shares to cease. We have stopped trading but if the account is compromised again trading may begin. However, this is not our doing and we encourage you to not participate in the trading. We are urging all Cryptostocks users to take their shares into offline mode to avoid them being traded if their accounts are also compromised.

Can I do anything on AltSwap.com?

Absolutely! Registration is already open and the new deposit/withdrawal pages are finished and ready to be used as soon as they are uploaded. There will be a notification post here and they will automatically show up on your account when they are ready.

Will there be a share buyback?

In order to begin a share buyback we must first poll the shareholders. A vote will be initiated on Cryptostocks sometime soon in order for this decision to be made. The buyback will need proof of holdings in order for shareholders to sell their shares back.

Why is there a trade in for some shares to change them to other shares?

When the account was compromised, the hacker activated a trade in of all shares for other shares under the account. Unfortunately, the deactivation of this function is broken on Cryptostocks. This means that, until Cryptostocks fixes this issue, we cannot deactivate it. An email to their support team may expedite the process if they get enough of them.

If you have any questions about investing, technical specifications, or any other general inquiries you can contact the staff team using this information. Please direct your email towards the correct person of contact:

info@altswap.com
(PO Box Address Coming Soon)

seth@altswap.com
(Founder)

devin@altswap.com
(Marketing Manager)

jeran@altswap.com
(Support Head)

Note: if you are the owner of a coin and would like to have your coin listed on the exchange, please contact our info@altswap.com address and send us a link to your coin discussion thread along with any extra information about available bounties etc. If you are not sure who to contact, please use the main email and we will direct you to the right person.