Since the evolution of blockchain technology and its associated cryptocurencies such as bitcoin, many people across the world have jumped onto the technology. Blockchain technology is gradually sweeping over every aspect of human life, been it communication, trading, and many more.
Despite this, there are however, some challenges such as decreased mass adoption and many more battling with cryptocurrency world currently. In addition, institutional investors and private investors are discouraged from investing in cryptocurrency because of some other challenges such as volatility, lack of transparency, difficulty converting cryptocurrency to fiat and vice versa, and many others. That notwithstanding, the importance of integrating blockchain in stock exchanges cannot be overemphasized. Wondering how possible this can be?? Wonder no more, as altstock has the ultimate solution!!!!!
Allstock is a distributed stock exchange platform which aims to connect with all major stock exchanges and stock brokerages across the world. The allstock platform ensures that an ERC 20 compliant asset backed token is issued for each real financial asset that users buy. Since the token is ERC 20 compliant, owners can trade the token on all exchanges while the real asset is held in a secured escrow.
The financial assets that back the token ensures that the value of the token is tied to the asset they represent and hence controlling the volatility that cryptocurrencies face. The issued asset backed token can be traded on all exchange platform and can as well be liquefied at any time on the allstock exchange platform with the value corresponding to the value of the tethered real financial asset.
Allstock platform intends to provide the needs of all its stakeholders (users and traditional investors) and hence the need to transition the traditional financial instrument onto blockchain technology. This ensures that, an asset backed tokens are minted for each real financial asset they represent. The asset backed tokens then represent the actual traditional commodity or the currency. With this, the issue of volatility in cryptocurrency will be controlled.
Allstock is designed to support many tradable fiat currencies and there is a continuous plans to support all fiat and financial instrument. With its assetexplorer feature, users can freely explore the relation between issued CTTs to its real asset and hence promoting transparency of which existing cryptocurrency exchange platforms have failed to offer.
THE SYSTEM ARCHITECTURE OF ALLSTOCK
The system architecture of allstock is designed to ensure that its goal of ensuring that traditional asset is traded on blockchain is met. The architecture comprises the cryptocurrency exchange( that will provide users digital wallets and accounts for their local fiat currencies and will provide the needed framework for conversion of cryptocurrencies to fiat and vice versa), public blockchain, stamper (which will ensure that the asset backed token hold their respective value and hence controlling volatility and will destroy or redeem token upon transfer of ownership or liquefaction), application layer, asset backed token ( which will be minted for every traditional asset), transfer of ownership, fees ( charged per each transaction in the form of its token) and regulations (which ensures all transactions meet KYC/AML requirements). For more information about the system architecture as well as the implementation of the allstock system, visit our website.
UNDERSTANDING HOW TRANSFER OF OWNERSHIP OCCURS
- User sends fiat currency to the stamper
- The stamper returns asset-backed tokens
- The user can trade or hold those asset-backed tokens
- The user can liquefy his/her tokens
- Finally, the stamper sends fiat currency to the user’s account
TOKEN SALE
We are in our 3rd stage of our token sale. In the 3rd stage, the price of out token is as shown below;
500 AST = 1.00 ETH (No Bonus)
TOKEN DISTRIBUTION
ROAD MAP
TEAM MEMBERS
SHAUL AHARON
Chairman of the board
ALAD AHARON
CEO- Co- founder
OREN NATAF
CTO- Co-founder
KOBI AHARON
CFO- Co-founder
OMRI SHABATH
CDO
SANDRA LOPEZ
CMO
MICHAL MIZRACHI
HR manager
G.M AL IMRAN
Team leader of infrastructure
OZ SHABAT
ios App Development
ZVI YAMIN
Android OS Developer
IRMI HENE
Financial Modelling Specialist
ADVISORY BOARD
TOMER AHARON
Legal Advisor
YOGESH PADSALA
Blockchain Advisor
EBERENDU IKECHUKWU
Community Advisor
SUSHIL PANDEY
Marketing Advisor
AMIT LAVY
Public Realations Advisor
For more information
Visit our website
Read our whitepaper
Join our telegram group
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My bitcointalk profile link