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Altswitch is a blockchain-based company that aims to empower individuals and businesses with the power of ownership through decentralized technology. Our vision is to create a more secure, transparent, and accessible cross-border world. We have developed a decentralized ecosystem of services and apps, including a wallet infrastructure tailored for enterprise experiences, while staying decentralized with better security and taking self-custody of their assets. Our native token, ALTX, is designed with a hard-coded decentralized rebate system, offering an exclusive benefit to holders and enterprises within our ecosystem.
We are addressing the growing market for cross-border payments via cryptocurrency, which amount to roughly $700 billion according to the latest available data. This is only a tiny fraction of the $156t in cross-border payments made globally through traditional financial vehicles with B2B transactions contributing $150t to date. Additionally, the global cryptocurrency market size is projected to grow from USD 910.3 million in 2021 to USD 1,902.5 million in 2028, exhibiting a CAGR of 11.1% during the 2021-2028 period. We are focused on helping businesses such as e-commerce, freelancers, and other entities that wish to enable cross-border transactions.
Our revenue model is generated from our token's transaction fees on our platform, which will be distributed to token holders as rewards for their participation in the ecosystem. We have also established an affiliate program to incentivize community to promote our token and ecosystem, allowing them to earn a portion of the trade fee for each referred person who buys ALTX.
Altswitch is currently funded by a community invested in our token and angel investors on the equity side. Our team consists of experienced blockchain developers and business professionals, dedicated to creating a financially borderless world that is more accessible to all.