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 and volatility.
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”.