ALQO is an open source, decentralized platform that provides secure financial and cloud services. Sending money via this platform is instant with virtually no cost. It also acts a store of value and is used to pay for goods and services online. The platform utilizes XLQ coin as the currency to carry out all transactions. Transactions on this platform use the Hypersend feature that ensures near instant transactions with virtually zero cost.
XLQ is a PoW/PoS (advanced Proof of Stake) coin thatShow more [+] also based on the Quark algorithm. It further utilizes an improved version of the Zero-knowledge cryptography feature that ensures security and privacy. Holders of XLQ have the power to decide on the platform's future development through their votes. They use what is called the Carbon Voting mechanism.
XLQ is mineable using the Quark algorithm, but is not premined. In order to maintain the value of the coin and to curb inflation, the total supply of this coin is capped at 62 million coins, that decrease by 4% every year. The platform operates on a measure of maintaining market liquidity and value. The platform has its own official wallet with Liberio, Windows, Mac and Unix versions. It is currently listed for trade on the CryptoBridge exchange.
The team behind this platform includes people with knowledge in science and technology, business and finance and other fields. Key among them include Kevin collmer, co-founder and CTO, Jared Grey, co-founder and CEO, And Moritz Heimberg, co-founder and COO among others.