Alphapoint and Draglet: What are Alternatives and Competitors?
In the article “Top crypto exchange software solutions” we described the suppliers of white label solutions for creating cryptocurrency exchanges. Next we look at two products from this list from Alphapoint and Draglet, which are considered the best on the market. We will study their key features, advantages with minuses and draw conclusions.
In the modern sense, a white label is any product developed and produced by one company for sale by another company under its own brand, brand, or label. For example, Dell does not produce displays, but receives them from third-party manufacturers and sells under its own name. Similarly, the company makes Dollar Shave Club and Travelpayouts.
AlphaPoint is one of the leading providers of white label cryptocurrency exchange technologies for fiat money or other digital assets. The company is on the market since 2013 and delivers a product that allows you to run a crypto exchanger in less than 20 days.
The company currently offers two products:
Enterprise Matching Engine. Architecture engine, created with a focus on global markets. It processes 1 million transactions per second and has great potential for scaling, i.e. does not brake and does not fail under heavy loads. It has flexible management and full support for Linux and Windows.
Modular construction. Compiled modules - plug-ins can be connected to the crypto-exchanger engine. For example, authentication module, support for KYC / AML procedures, ETL system and others. This approach increases the flexibility of the product in terms of its capabilities, management and security.
Financial opportunities. AlphaPoint's white label supports integration with almost all types of banking structures, payment gateways and fiat currency. In addition, the platform can work with private and public networks, as well as with loyalty points and custom-made digital assets.
Safety. According to the developers, AlphaPoint ssecurity systems are built on the same architecture that is used by the world's largest banks. Due to this, their product is fault tolerant, has error detection codes on each record and “bulletproof” protection against unauthorized access.
Extended APIs. The product interface allows the use of communication protocols, REST, WebSocket, Binary, FIX custom APIs.
In July 2018, experts noticed a security hole in the AlphaPoint product. The config.js file, which was in the white label distribution of the HybridBlock launch solution, contained a feature for sending KYC documents to an email member of the AlphaPoint team.
Apart from this puncture and high cost, there are no other complaints about AlphaPoint. Feedback from partners, reputation and recommendations are positive.
Draglet Company was founded in 2013. The main office is located in Munich, Germany. One of the most popular blockchain developers. For its product, the company gives a 99.9% uptime guarantee for DNS. Key Clients Draglet - LACOINEX, CapitalDIGI, IWWorldexchange Belfrics.
White label Draglet presents 5 products:
Performance Guarantee. The developers of white label solutions from Draglet managed to create a product with an uptime of 99.9% for DNS and a fairly quick recovery after a failure - 180 seconds. For better connection with users, Geo-IP routing and distribution server architecture are used.
Microservices. Products Draglet to run cryptocurrency exchanges can be used as a whole, or separately and in different combinations. At the same time, there are no restrictions on the combination of products from Draglet with products of other companies. Convenient to run unique sites.
First, I would like to draw your attention to the post of the user expert-lister on the Bitcointalk forum. It says that Draglet was deceived by the expert-lister after he turned to them for a product to launch a crypto exchanger. The authenticity of the fact of the author’s collaboration with the company is confirmed by the Draglet representative below in the forum thread.
Secondly, Draglet helped Nicholas Maduro create the first cryptoverb in Venezuela. The site was named Monkeycoin, with its help the local authorities intend to change their El Petro stablebcoin (provided with oil) to Fiat. The El Petro coin is a lifeline for Madura, and the Monkeycoin is a “cable”, that connects this “circle” with the “boat”. So, helping such a “effective” leader is a bad ethical decision (from the point of view of the author of this text).
Summarizing, we can say that both of the white label solutions considered are not for nothing that they occupy a leading position in the market. True, the AlphaPoint product may have problems with the security of user data, while Draglet clearly has problems with choosing customers and communicating with them. Our company Merehead is actively engaged in the development of cryptocurrency platforms. If you need help and advice, we will be happy to assist you.