Alluma (LUMA): ICO Review

What is Alluma?

Alluma seeks to revolutionize the digital currency trading around Asia; It does this by reducing the existing bottlenecks constraining Asia’s current market. These problems include limited token offerings, poor customer service, low-quality security and regulatory compliance through existing platforms.

Alluma ICOAlluma is designed as a six-layer security architecture that’s regulatory compliant. Also, they perform personalized customer service and is user-friendly for new crypto traders. Advanced traders can access deep liquidity and powerful tools.

This ecosystem is to provide a liquid crypto space that solves multiple user pain points. The system is aided by its strong AML and KYC policies that are based on a multi-layered governance structure and international industry best practices.

Put simply, Alluma is an Exchange ICO project. Its platform has distinct advantages over local exchanges within Thailand, Malaysia, Indonesia, and other emerging markets.

Why? Because it has fiat to crypto trading, streamlined onboarding, simple platform UI, and uses the best global security practices. With Alluma, you can expect safer investing due to its implementation of blockchain technology. And as this project grows, we can expect to see more mobile and web-based versions of this decentralized platform.

Aspects

  • Mobile Experience: Alluma plans to have a mobile platform within 2019. It will help in buying, selling, and managing your portfolio through iOs and Android devices. All you have to do is download the app, verify your details, and start trading!
  • User to User Utility: Alluma gives benefits for those who refer users to their platform. Users can receive LUMA tokens through voting, moderating, commenting, and sharing content.
  • User to Platform Utility: Having a membership to Alluma’s platform grants access to its loyalty program. This includes VIP customer support and discounted trading fees. It gives the user the option to participate in future token sales.
  • 24/7 Customer Support: For VIP members, they have access to Alluma’s customer support team. So you’ll be able to receive additional assistance when using its platform.

Token Information

  • Website: View
  • Whitepaper: Read
  • Fundraising Goal: $5,000,000 (Soft Cap) – $12,000,000 (Hard Cap)
  • Price: 1 LUMA = 0.01 USD
  • Accepted Currencies: ETH

Bounty0x username: thetechinsiderorg

Positives
  • Multi Cryptocurrency: Alluma is an exchange that accepts 40+ different cryptocurrencies. And it has 110+ pairs of curated projects that contribute to Alluma’s system in a regulatory compliant and legal manner.
  • Network of Liquidity Providers: Alluma will have a cross exchange order book system. The system works by letting the platform take volume exchanges from other exchange partners. This allows for institutional trading partners to deepen their liquidity on token pairings.
  • Low Trading Fes: Alluma is a good project for investments and crypto exchanges. With its blockchain based platform, it allows for users to have around 25% less trading fees when using the LUMA token.

Negatives
  • Saturated Market: While Alluma is a great exchange ICO, it’s in direct competition with popular exchanges (Poloniex, Coinbase, etc.). This can make it difficult for it to obtain market share.

Alluma
4.1

Summary

Basically, Alluma is an ICO project that has a great idea behind it. It aims to make a decentralized exchange system to help beginner investors trade. Due to this and its innovative technology, this project has a chance to impact the crypto community within a few years.

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Adam Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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