The use of cryptocurrency has been well received by the emerging markets in South Asia and ASEAN. Blockchain technology and digital currencies have witnessed increased demand from these countries. However, there is a market gap as this need is not being met due to the difficulty of reliably accessing cryptocurrencies as a result of poor quality localized platform offerings. That is where Alluma Company comes in.
What Is Alluma?
Alluma seeks to become the first institutional grade cryptocurrency exchange dedicated to emerging markets in Asia.
It seeks to revolutionize digital currency trading across emerging Asia by getting rid of the existent bottlenecks constraining the crypto market in Asia. These problems include unfriendly user interfaces, limited token offerings, sluggish customer service, poor security as well as lack of regulatory compliance by existing platforms.
Alluma is designed based on a six-layer security architecture and is regulatory compliant. Its platform is also user-friendly for new cryptocurrency traders, and it includes personalized customer service. Similarly, crypto pro traders can also access powerful tools and deep liquidity. It is a platform for everyone; experienced crypto traders and novices.
Its ecosystem is designed to provide for a liquid cryptocurrency exchange that solves different user pain points while aided by its enhanced security platform, strong localized KYC and AML policies based on financial industry international best practices and a multi-layered corporate governance structure.
The Alluma Difference
Alluma’s ecosystem is uniquely designed to change every difficulty faced by users into a platinum-like experience.
- Alluma has several features that other crypto exchange platforms lack and that distinguish it from the rest. These features include:
- Fiat-Crypto and Crypto-Crypto
- Local Language Support
- Wide Range of Tokens
- Streamlined Onboarding
- Access to Shared Liquidity
- 24/7 Customer Support
- Easy to Use Platform UI
- Advanced Trading Tools
- Global Security Best Practices
The Alluma Asian Institutional Grade Crypto Exchange
Alluma’s exchange users will have access to instant real-time data, portfolio tracking functions and instant buy/sell between major cryptocurrencies.
The Exchange will have additional unique features such as:
40+ Of The World’s Top Digital Currencies
The platform will give access to over 40+ utility tokens and over 110+ pairs consisting of highly curated projects that will contribute to the Alluma ecosystem in a legal and regulatory compliance manner.
A Network Of Global Liquidity Providers
Alluma will have an advanced cross-exchange order book system that will allow the platform to share volume from other exchange partners effectively. Institutional trading partners can also deepen liquidity on specific token pairings.
Fiat-Crypto & Crypto-Crypto Trading On One Platform
The platform will have strong partnerships with the financial institutions in the countries they enter. Apart from providing Fiat-Crypto pairs, it will also give Crypto-Crypto holdings paired against BTC, ETH, and the Alluma token.
Multilingual 24/7 Support
Alluma will have an easy to use platform and help center that will be accessible in local languages to allow new traders to learn about cryptocurrencies and trading.
Individual Portfolio Management
It allows you to track your portfolio holding and historical performance painlessly.
Alluma intends to make its mobile platform experience as easy to navigate as possible. It aims to make buying, selling and managing one’s portfolio on the go as simple as possible for users.
All a user has to do is follow the following steps:
- Download the app.
- Verify your details.
The Luma Token Ecosystem
The LUMA Token will be supported by Alluma's platform. It’s an ERC-20 compliant token that will be issued on the Ethereum blockchain.
The tokens will be used to gain access to the ecosystem as well as a payment system for the following:
Membership to the Alluma loyalty program which includes merits linked to each tier level including discounted trading fees and VIP Customer Support on the Alluma Exchange.
Community participation in the platforms exclusive initiatives and developments
Option to participate in future token sales through a token sale platform.
Rewards for generating content or thought leadership pieces in the Alluma Training Academy.
Incentives for community engagement to encourage pier-to-pier decentralized interactions within the Alluma ecosystem including sharing, upvoting, curating and moderating.
Alluma Loyalty Program
It will be powered by the staking and use of the LUMA token, offering a range of membership options as follows:
- Access to Alluma marketplace to buy, sell and trade digital assets
- 25% discounted trading fees when using the LUMA token
- 24-hour response for customer support tickets
- 35% discount on trading fees when using the LUMA token
- 24/7 live support chat
- 50% discount on trading fees when using the LUMA token
- Access to sponsored events
- First access to new Alluma products