Introduction
Blockchain technology is a revolution that is ongoing in which a lot of people are aware of it. Blockchain is a distributed list of ordered records called "blocks". Bitcoin (a digital currency) is the first major blockchain innovation. Over the years, it has been discovered that blockchain technology can be used for other purposes aside the currency use.
Blockchain technology removes the need for a third party in many industries and sectors. The mainstream adoption of blockchain is still being debated, hence making it difficult to convert cryptocurrency to traditional financial assets. The mass adoption of cryptocurrency is still facing the following problems;
• Delays and large fees are charged investors when converting from cryptocurrency to Fiat and vice versa.
• Volatility and lack of transparency discourages institutional investors.
• Difficulty transferring crypto funds to traditional holds.
• Also the crypto market faces a lot of security and fraud risk because the market is unregulated.
In order to eliminate all these setbacks and bottlenecks, the crypto market needs more decentralized protocols. in the traditional financial world, all these problems are well regulated, which help reduce the systematic risks.
AllStocks Network
What is AllStocks Network
The AllStocks Network is a distributed global stock exchange platform which aims to interface with all major stock exchanges and stock brokers around the world. AllStocks Network aims to create a utility token that will be backed by the real financial asset that they represent, the platform will be a decentralized system that will run on the ERC20 standard protocol, while the real financial asset will be held in an escrow account.
AllStocks Network will provide it users the opportunity to benefit from the blockchain technology and cryptocurrency. To do this, it has to ensure that all sorts of instruments, currencies and commodities work properly with blockchain technology, through an innovative instrument called a stamper, the stamper issues the token and house the traditional assets.
Allowing traditional financial assets to trade on Blockchain is essential, and the following factors will help to achieve this goal.
• Cryptocurrency Exchanges: Cryptocurrency exchanges will provide users with digital wallets and accounts with their local fiat currencies.
• Public Blockchain: A secure public Blockchain will give the AllStocks system the support it requires.
• Stamper: It will assure that asset-backed tokens always hold their respective value as it connects the traditional assets to the asset-backed tokens.
• Application Layer: A wide array of applications that will capitalize on the asset-backed tokens' capabilities are in development.
• Asset-Backed Tokens: Asset-backed tokens are necessary to amalgamate between real financial assets and the crypto-market. For every traditional asset, a token is minted.
• Transfer of Ownership: Upon issuance of asset-backed tokens, all the underlying assets can be traded in the crypto-market.
• Fees: Fees always apply whenever digital and traditional assets are transferred, and these fees must be accounted. The AllStocks Network’s fees and commissions will be levied in the form of its tokens.
• Regulation: Any on-chain transaction that is used to denote an off-chain transfer of ownership must be managed accordingly and will also satisfy both local and foreign regulations.
Cryptocurrency Tethered Token (CTTs): CTTs are asset-backed tokens that represent real financial assets that are held in the AllStocks system. AllStocks plans to support all fiat currencies and all financial instruments. All financial assets used in the network will be held by an escrow account on behalf of AllStocks issued CTTs.
AllStocks exchange network, continuously reaching a partnership agreement with existing exchanges and brokerages. Hence AllStocks can store some of its fiat reserves with such exchanges to reduce significantly the transfer times and fees when performing any transaction. For non-fiat assets, it normally require the physical presence of the asset manager to take up the responsibility and ownership of non-fiat deposits. In some places, management of the asset will require brokerage and other relevant licenses. As a result of these, asset managers are increasingly becoming more decentralized and more community-driven. As a consequence, investors will be able to invest in more diverse real financial assets on-chain on the AllStocks platform.
ALLSTOCKS NETWORK TOKEN DISTRIBUTION AND CROWDSALES
The ticker symbol for the AllStocks Network token is AST. The token is built on the ERC20 standard protocol. Here are all the details about the AST token.
Ticker: AST
Total tokens supply: 50,000,000 AST tokens.
CrowdSales: 50% 25,000,000 AST tokens.
The sale is split into three stages, each with reduced exchange rate that represents an early investment bonus.
AST Token prices:
April 15 – April 30, Stage one: 625 AST = 1.00 ETH (25% Bonus)
May 1 – June 15, Stage two: 550 AST = 1.00 ETH (10% Bonus)
June 16 – June 30, Stage three: 500 AST = 1.00 ETH (No Bonus)
Accepted : ETH
SOFT CAP: 2,500,000 AST
HARD CAP: 25,000,000 AST or $20M
Finish Token Distribution July 15
Start Trading July 31
FUND ALLOCATION
30% - Research & Development
30% - Marketing
30% - Global Operations & Brokerage interface
10% - Advisory, Management & Other
ALLSTOCKS CORE TEAM
AllStocks is led by a team of experts with backgrounds in finance, trading, blockchain, investment banking, AI, big-data and fintech.
CONCLUSION
In the last few years we have seen many ICOs sprout out, however many of them never saw the light of the day, for various reasons. These reasons include but not limited to: ICO token not being unique or has no use case, lack of expertise from the core team and insincerity of the team. The AllStocks Network dealt with some of the problems listed above
All the tokens in AllStocks Network are backed by the real financial asset that they represent. The tokens have a use case, so the value of the token will be increasing gradually. The also plans to continuously incorporate more financial institutions in the platform.
The AllStocks Network team is led by a team of transparent and talented experts in finance, trading, investment banking, blockchain, big data, artificial intelligence and financial technology.
AllStocks Network is a project that seems to have a very bright future, it is the next good thing that will happen to the crypto world. This project will definitely take the blockchain world by storm.
Sources
ICO Website: http://all-stocks.net
Whitepaper: https://all-stocks.net/wp-content/uploads/2018/04/Allstocks_whitepaper_rectified-1.1.pdf
ANN Thread:
https://bitcointalk.org/index.php?topic=3210865.0
Facebook: https://www.facebook.com/gobalstocks/
Telegram: https://t.me/all_stocks_ico
Authored by: Manhenro
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1202089