The creation of Bitcoin has sparked a lot of debate about its
validity as a form of currency, but it hasn't stopped its
popularity. After the rise of Bitcoin a few years back, a number of
other cryptocurrency versions (or Altcoins) have popped up, each
promising to have better or more features than the predecessor. A
portion of those Altcoins ends up as tradable assets on the
cryptocurrency markets which as of late have been bustling with
much activity alive.
However, it is not surprising that for newly-adopting or
experienced cryptocurrency enthusiast keeping track of all the new
coins can prove to be difficult. Additionally, according to
Blockchain.info (as of August 2017), there were on average 15
million wallet users. Considering that the world population of
humans has exceeded over 7 billion people there is still work to do
when it comes to spreading information about cryptocurrency and
facilitating the on boarding process.
Still, though many users have recently experienced the positive
influx in income and wealth due to the cryptocurrency boom. This is
attributed to ‘smart investments' by early adopters of Bitcoin and
Altcoins when they were introduced and return gains as there the
value rose. Millions of people followed the developments, but far
fewer chose to buy Bitcoin themselves amidst all the uncertainty
Now Bitcoin has emerged out of its adolescence into a more
mature, adult form with more stability being offered and increase
acceptance and adaptability. And as the Bitcoin ecosystem is
growing more robust and legitimate, and the movements by crypto
adopters are pushing hard for mainstream adoption — to turn Bitcoin
into a currency rather than an asset or a financial lark and make
the most of its unique capabilities.
Riptide will further these developments by creating a trading
ecosystem. Experienced crypto traders spend a copious number of
hours and many resources into understanding financial charts in
different ways, reading from sites, group pages, and other feeds
while gathering information about coins from other sources in
attempts to predict market trends and make profitable trades.
The purpose of Riptide is the trading and exchanging of crypto
currency but most importantly the education of trading and using
these new digital financial currencies responsibly. Crypto
markets are volatile, making the task even harder. Shilling and
other forms of disinformation (like spreading FUD — fear,
uncertainty, disorder), or even just false promises from coin
developers quite often stop traders on their quest for profit. We
believe that through learned practice, repetition, reliable and
trusted traders and information but least not forget own instinct
that new crypto-enthusiast are able to improve and enter crypto
markets more easily.
The Riptide ecosystem will be composed of the expertise of the
Riptide Board, the R&D team, and members of the community,
while at the same time creating a supportive environment for the
adoption and exchanging of new Altcoins.
Riptide's token, known as “RIPT”, will be used as a basis for
distributing rewards for participants of the ICO. Other additional
rewards included are the reduction of the baseline price for the
use of the ecosystem for the amount garnered from their successful
trades. The success of their trades will thus directly influence
the value of the Riptide token, “RIPT”.