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ALTAVA

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is ALTAVA?

ALTAVA (TAVA) is a cryptocurrency launched in 2022 on the Ethereum platform. It is a vertical AI fashion-tech company that offers bespoke brand experiences in the metaverse and beyond. The project includes a gamified social commerce platform, ALTAVA Worlds of You, and a marketplace, ALTAVA Market, where users can buy and trade luxury fashion NFTs and virtual collectibles. ALTAVA aims to bridge the physical and virtual worlds for both consumers and brands, partnering with prestigious fashion brands like PRADA, Burberry, and Armani.

How is ALTAVA used?

ALTAVA (TAVA) is a utility token designed for the ALTAVA Market, a luxury fashion platform that combines the physical and virtual worlds through the use of NFTs in the metaverse. Here are some key ways TAVA is used:

  1. Exclusive NFT Access: TAVA tokens serve as a ticket for access to exclusive NFTs and other curated virtual assets within the ALTAVA Market. This includes participating in private auctions for initial luxury NFT releases, which are paid for in TAVA.

  2. Metaverse Platform: TAVA is the base currency for Altava Worlds of You, a gamified social commerce platform for luxury fashion. This platform allows users to discover, curate, and play with their expressions of self in the metaverse.

  3. Trading and Staking: TAVA can be traded for other cryptocurrencies on various exchanges, such as Binance, Bybit, and HTX. Additionally, users can earn rewards by staking their TAVA tokens.

  1. Off-Chain Transactions: TAVA can be sent and received within the ONUS network, enabling off-chain transactions between users.

  2. Purchasing Goods: Some online platforms and offline shops accept TAVA as a form of payment for goods and services.

Overall, TAVA plays a central role in facilitating transactions and interactions within the ALTAVA ecosystem, which focuses on luxury fashion and virtual experiences in the metaverse.

How do I store ALTAVA?

To store ALTAVA (TAVA) tokens, you have several options based on your needs and preferences:

  1. Store on an Exchange:

    • Hold your funds on a centralized exchange (CEX) for convenient access to investment products and features like spot and futures trading, staking, lending, and more. Ensure the exchange has strict security measures in place to protect your assets.
  2. Non-Custodial Wallets:

    • Withdraw your ALTAVA (TAVA) to a non-custodial wallet for complete control over your private keys. This option includes hardware wallets, Web3 wallets, or paper wallets. Be cautious not to lose your private keys, as this can result in permanent loss of your tokens.
  3. Cold Wallets:

  • For long-term storage, consider cold wallets, which are offline and more secure. There are two types:
    • Paper Wallets: Generate public and private keys offline and store them securely. The keys are printed in QR code form for future transactions.
    • Hardware Cold Wallets: Physical devices that store your cryptocurrency. These are preferred by many users, especially for large holdings.

Choose the method that best fits your security and accessibility needs.

How to buy ALTAVA?

To buy ALTAVA (TAVA) tokens, you can follow these steps:

Buying on a Centralized Exchange (CEX)
  1. Choose a CEX: Select a reliable and trustworthy crypto exchange that supports ALTAVA GROUP (TAVA) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.

  2. Create an Account: Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.

  3. Verify Your Identity: Complete KYC verification, which may require government-issued identification documents. This step varies based on your nationality and region.

  1. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method.

  2. Buy ALTAVA GROUP (TAVA): Use fiat currency or a popular cryptocurrency like USDT to purchase ALTAVA GROUP (TAVA).

Buying via a Crypto Wallet
  1. Choose a Wallet: Select a reliable and reputable crypto wallet that supports ALTAVA GROUP (TAVA).

  2. Download and Set Up the Wallet: Download the wallet application and create a new wallet address or import an existing one. Make sure to write down the seed phrase and keep it secure.

  3. Buy ALTAVA GROUP (TAVA): Purchase the cryptocurrency using a supported payment method. Check the fees, as they may be higher than those on exchanges.

  1. Swap for ALTAVA GROUP (TAVA): If your wallet doesn’t support direct fiat-to-TAVA purchases, buy a popular cryptocurrency like USDT and then exchange it for ALTAVA GROUP (TAVA) through your crypto wallet or on a decentralized exchange.
Buying on a Decentralized Exchange (DEX)
  1. Download a Trust Wallet: Download the Trust Wallet application from the official website.

  2. Set Up the Wallet: Register and set up the crypto wallet, making sure to keep your seed phrase safe.

  3. Buy Ethereum: Buy Ethereum as your base currency on a platform like Binance.

  1. Send Ethereum to Your Wallet: Transfer the Ethereum from Binance to your Trust Wallet.

  2. Choose a DEX: Select a DEX that supports your wallet and the blockchain where ALTAVA is listed.

  3. Connect Your Wallet: Connect your Trust Wallet to the DEX using your wallet address.

  1. Trade Ethereum for ALTAVA: Select Ethereum as the payment and ALTAVA as the coin you want to buy.

  2. Apply the Swap: Complete the transaction by clicking the Swap button.

Additional Information
  • Fiat-to-Crypto Purchases: Some exchanges and wallets support fiat-to-crypto purchases, but fees may vary.
  • KYC Verification: Complete KYC verification to access more features and services on the platform.
  • Security: Always enable 2FA and keep your seed phrase secure to protect your account and wallet.
  • Market Risks: Be aware of market risks and price volatility when investing in cryptocurrencies.
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History of ALTAVA

ALTAVA (TAVA) is a cryptocurrency token associated with the ALTAVA Group, a vertical AI fashion-tech company that emerged from the LVMH La Maison des Startups program. The company was founded by Andrew Ku, a video game market and media expert, and Elizabeth von Guttman, a co-founder of System Magazine.

ALTAVA Group has been active for over 10 years, focusing on implementing 3D technology in the virtual world to create digital twins that can encompass a wide network of metaverse ecosystems. They have successfully operated various projects, including virtual shows, virtual exhibitions, pop-up stores, and exclusive NFT projects with luxury brands such as LVMH, Balmain, BVLGARI, Prada, and Thom Browne.

The token, TAVA, has undergone several funding rounds, including IDO (Initial DEX Offering) and private sales. The IDO funding rounds took place in February 2022, with varying prices and returns on investment (ROI). The token sale raised a total of $20.10 million, with $11 million coming from the public sale and $9.10 million from funding rounds.

ALTAVA has been listed on various cryptocurrency platforms, providing real-time price updates and market data. The token's price has fluctuated over time, with historical data available for analysis.

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How ALTAVA works

ALTAVA (TAVA) is a cryptocurrency token that operates within the ALTAVA ecosystem, a blockchain platform focused on creating, trading, and exchanging Non-Fungible Tokens (NFTs). The platform combines the physical and virtual worlds of luxury fashion, allowing users to engage with NFTs in various forms such as digital art, game collectibles, and virtual goods.

Key Functions of TAVA Tokens
  1. Transaction Payment: TAVA tokens are used to pay transaction fees, trading commissions, and other costs associated with using the ALTAVA platform.

  2. Staking: Users can stake their TAVA tokens to earn returns or rewards in the form of additional TAVA tokens, incentivizing them to save and support the network.

  3. Rewards and Incentives: ALTAVA provides rewards and incentives to users in the form of TAVA tokens as part of loyalty programs, contests, or other activities on the platform.

  1. Voting Participation: TAVA tokens can be used to vote in important decisions that influence the development direction of the ALTAVA ecosystem.
Tokenomics

The total supply of TAVA tokens is 1,000,000,000, with a circulating supply of 500,000,000. The token distribution includes seed sales, public sales, allocations for the team and advisors, ecosystem and marketing, liquidity, and staking rewards.

NFT Creation and Marketplace

ALTAVA offers an intuitive platform for users to create their own NFTs, which can be traded on diverse marketplaces covering various categories such as digital art, game collectibles, and virtual goods. The platform ensures robust security and transparency through blockchain technology, recording all transactions and ownership securely.

Additional Features

ALTAVA also provides additional features such as incentivization programs and portfolio management tools to help users optimize their experience in the NFT ecosystem.

Trading and Exchanges

TAVA tokens are traded on various exchanges, including HTX, Bithumb, and Bybit, with the maximum trading volume observed for the TAVA/USDT trading pair. The token's price can fluctuate, and users can track its current value and trading volume on these exchanges.

Overall, ALTAVA (TAVA) is a cryptocurrency token that facilitates transactions, staking, and voting within the ALTAVA ecosystem, which focuses on NFT creation, trading, and exchange in the luxury fashion and metaverse industries.

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ALTAVA's strengths

The token ALTAVA (TAVA) has several strengths that make it an attractive investment opportunity:

  • Enhanced Reality Experience: ALTAVA offers an immersive experience where users can interact with luxury fashion brands through AI facial recognition and customization tools, democratizing access to high-end fashion at a lower cost.
  • Exclusive NFT Market: The platform features an NFT market where users can buy and trade exclusive luxury fashion NFTs and virtual collectibles, providing a unique opportunity for luxury brands to connect with their audience.
  • User-Driven Brand Creation: ALTAVA Circle allows users to create and fund their own virtual brands, fostering community engagement and innovation in the luxury fashion space.
  • Utility Token: TAVA tokens serve as the base currency for the ALTAVA ecosystem, providing access to exclusive NFTs, auctions, and experiences in collaboration with luxury brands.
  • Strong Backing: ALTAVA is a vertical AI fashion-tech company that has emerged from the LVMH La Maison des Startups program, indicating a strong foundation and industry support.

These strengths position ALTAVA as a unique player in the intersection of luxury fashion, AI, and the metaverse, offering a compelling value proposition for investors.

ALTAVA's risks

ALTAVA (TAVA) is a high-risk investment with significant volatility. It should only be considered by investors who have a high tolerance for risk, are already in a strong financial position, and can afford potential losses. The future value of ALTAVA is uncertain and speculative, making it crucial for investors to conduct thorough research and invest within their comfort zone.

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Did ALTAVA raise funds?

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ALTAVA's ecosystem

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ALTAVA’s team

  • Andy Ku: Founder of ALTAVA Group, leading the development of the luxury-focused metaverse and NFT marketplace.

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