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. It also allows the trading of crypto tokens backed by real financial assets. The network will create a decentralized system, which will allow all stakeholders trade with its ERC20 standardcompatible token. These backing assets will be held in an escrow account. Moreover, the network will allow users trade in financial assets (such as currencies and bonds) on Blockchain technology.
Furthermore, ALLSTOCKS Network will expose generic API interface, giving developers greater capacity to develop their tools and apps for investing, hedging and carrying out transactions using ALLSTOCKS tokens. Well, decentralized organizations that are exposed to cryptocurrency can safeguard their funding through stable assets. While the network will enable investors manage diverse investment portfolios, it will also enable companies issue capitals with ease and flexibility.
Transfer of Ownership
Upon issuance of tethered tokens, all the underlying assets can be traded with matching cryptocurrencies. The steps of performing this operation are outlined below:
User sends fiat currency to the stamper
The stamper Okays and returns the ALLSTOCKS tethered token.
User can trade or hold those ALLSTOCKS tethered tokens.
Then, the user redeems his tokens.
Finally, the stamper sends fiat currency to user’s account.
Fees
Fees always apply whenever digital and traditional assets are transferred, and these fees must be accounted.
HOW IT WORKS
- Buy AllStocks Token
A Real asset in the real world backs this special issued token,, it can be stock, bond, future or any other tradable asset. AllStocks will hold this asset in a trusted, transparent, open and regulated manner. The token value will always be matched to real asset value as it can be liquefied at any time. - Trade your backed Tokens
All issued tokens are compatible with ERC20 standard, which means you can trade it anywhere and anytime on all Crypto Exchanges. You can invest in other AllStocks backed token and build your perfect portfolio. Cutting down all middle man fees and broker/banks payments. - Liquefied your tokens
At any given time, you can liquefy your tokens on AllStocks trading Platform. The platform will then burn the token and transfer the asset or it’s equal market value back to your account.
TOKEN SALE
Total tokens supply: 50,000,000 AST tokens.
In current sale AllStocks will allocate 25,000,000 AST tokens. 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) - Token Sale Timeline
- Announcement: March 1
- Public Presale Start (Stage 1): April 15
- Public Presale End: April 30
- Public Crowdsale Start (Stages 2 & 3): May 1
- Public Crowdsale End: June 30
- Finish Token Distribution: July 15
- Start Trading: July 31
Token Distribution
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RoadMap
- Q4 2016: Ideation of All-Stocks concept, elaboration of project plan
- Q1 – Q2 2017: Prepare and start designing a prototype of the All-Share Network
- Q3 – Q4 2017: Development of All-Stocks Prototype trading network and core infrastructure platform
- Q1 – Q2 2018: Prepare and start crowdfunding through Token Generation Event
- Q3 – 2018: End core infrastructure infrastructure development including API interface
- Q4 – 2018: Integration of major brokers and stock exchanges, launching production level trading applications
- Q1 – 2019: Early marketing campaigns worldwide
- Q2 – 2019: Sustainable stock exchanges and integration of brokers worldwide.
Team
For More Information:
WEBSITE || WHITEPAPER || FACEBOOK || TWITTER || TELEGRAM
Author : thuyent
https://bitcointalk.org/index.php?action=profile;u=1760856;sa=summary
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