Hey crypto friends!
Have you ever heard about Altair? If you don’t, stay here with me so I’ll explain.
If you’re mulling over adding Altair to your crypto collection or just keen to learn what all the buzz is about, you’ve hit the jackpot with this read. For the uninitiated, buckle up because we’re about to expand your knowledge and perhaps even your digital asset collection.
What is Altair (AIR)?
Altair (AIR) is the native utility token of the Altair network, which is part of the Kusama ecosystem and acts as a sister network to Centrifuge (is a decentralized finance (DeFi) platform designed to bridge real-world assets (RWAs) – invoices, real estate, company revenues – with the blockchain ecosystem).
Designed for the experimental finance space, Altair focuses on bridging real-world assets (RWAs) with the decentralized finance (DeFi) sector through the tokenization of these assets.
Altair’s purpose and vision
Altair aims to bridge the gap between traditional finance and DeFi (Decentralized Finance) by enabling the tokenization and financing of real-world assets (RWAs) such as invoices, real estate, and more, on the blockchain. Its vision extends to facilitating a more open and accessible financial system where assets can be financed without intermediaries, leveraging the security and transparency of blockchain technology.
What makes Altair unique?
Connection to Centrifuge and Kusama
-
Centrifuge: Altair is closely related to Centrifuge, sharing its core technology and mission but with a focus on serving as a testbed for more experimental financial products and features. Centrifuge itself is designed to finance real-world assets through DeFi, and Altair extends this capability within the Kusama ecosystem.
-
Kusama Network: Altair is built on Kusama, known as Polkadot’s “canary network.” Kusama is intended for early-stage development and testing, providing a faster-paced environment with lower barriers to entry. This makes Altair an ideal platform for experimenting with innovative financial instruments and blockchain functionality.
Features and Capabilities
-
Tokenization of Real-World Assets: Altair allows for the creation of NFTs (Non-Fungible Tokens) representing ownership or claims on real-world assets, providing a bridge between physical assets and digital finance.
-
Experimentation with Financial Products: Being on Kusama allows Altair to experiment with novel types of assets and financing structures that might not yet be ready for deployment on Centrifuge’s Polkadot-based platform.
-
Decentralized and Open: Like Centrifuge, Altair operates in a decentralized manner, enabling open participation from investors, asset owners, and developers interested in the intersection of DeFi and real-world assets.
Use Cases and Applications
-
Innovative Financing Solutions: By tokenizing real-world assets, Altair opens up new avenues for financing, allowing asset owners to unlock liquidity and investors to gain exposure to a broader range of asset classes.
-
Risk-Tolerant Testing Ground: Developers and financial engineers can use Altair to test and refine cutting-edge financial products and services in a real-world environment, but with the flexibility and freedom afforded by Kusama’s experimental nature.
Community and Governance
Altair, like many projects in the Polkadot and Kusama ecosystems, features a strong emphasis on community governance. Token holders can participate in decision-making processes, influencing the development and strategic direction of the platform.
How does $AIR work?
- Governance: AIR token holders have governance rights within the Altair ecosystem. They can vote on proposals related to the network’s development, feature updates, and the direction of the project.
- Staking: Users can stake AIR tokens to participate in the network’s security and consensus mechanisms. Staking rewards are typically offered as an incentive for participation.
- Fee Payment: Transaction fees on the Altair network can be paid in AIR tokens, making them an essential part of interacting with the platform’s features and services.
- Incentivization: AIR tokens are used to incentivize certain behaviors within the ecosystem, such as rewarding users who contribute to the network’s liquidity or participate in community governance.
Altair Tokenenomics
Overview
-
Token Symbol: AIR
-
Blockchain: Altair is associated with the Polkadot ecosystem, indicating it might be built on or interact with Polkadot and Kusama networks.
-
Utility: The primary use case for AIR is within the Altair ecosystem, which focuses on financing real-world assets through the Centrifuge blockchain technology. Altair acts as an experimental network for Centrifuge, deploying new features on Altair before Centrifuge Chain.
Allocation and Supply
-
Total Supply: 473.730.000 AIR
-
Circulating Supply: 394.129.448 AIR
Utility and Rewards
-
In-Blockchain Use: AIR tokens are used within the Altair ecosystem for various purposes, including participating in parachain auctions for Kusama.
-
Staking: There’s mention of staking within the ecosystem, suggesting AIR tokens could be staked, possibly to secure the network or earn rewards .
-
Governance: While specific details weren’t provided, tokens like AIR often play a role in governance, allowing holders to vote on key decisions within the ecosystem.
Economic Model
-
Deflationary Mechanisms: Token burning or similar mechanisms are common in many projects to manage supply.
-
Reward Distribution: Rewards might be distributed through staking or other participatory activities within the network.
Market Performance
-
Current Price: US$ 0,03815
-
Market Cap: US$ 15.035.309
-
All-Time Low: US$ 0,003795
-
All-Time High: US$ 0,1574
-
24h Volume: US$ 45.853,94
Manage Altair With The Klever Wallet
Klever Wallet supports $AIR, the native token of Altair, offering functionalities such as storing, sending, receiving and buying $AIR, with unparalleled ease and security.
It also supports various payment methods, such as credit cards, bank transfers, online payments, and cryptocurrency exchanges in several countries.
Start your journey with Devicoin today – download the Klever Wallet and enter the world of effortless cryptocurrency management.
