ALLSTOCKS NETWORK: CONNECTING THE TRADITIONAL FINANCIAL WORLD TO THE CRYPTO-MARKETS
Crypto economy is based on blockchain technology where each block contains the hash of the previous block and it forms a continuous chain. The blockchain must be immutable, it should be possible to add new blocks, but the old blocks cannot be tampered with, only valid transactions should be allowed. Cryptocurrencies and blockchain assets are in a boom, many online brokers and bookmakers are considering adding cryptocurrency assets to their list of offerings. Their biggest pain point is finding a reliable cryptocurrency trading platform. Online brokers not only want a technology provider, but they also want a business partner.
Cryptocurrencies work differently from traditional money systems. Sending and receiving funds relies on 3rd party wallet services, which are rarely user-friendly. Blockchain technology uses mathematical algorithms and complex functions to create a highly secured, distributed ledger system which enables transactions to take place without the approval of a third party or a central authority. With this technology users do not need to know who is the anonymous user behind the node is, and there is no third party such as banks upon which to depend with the execution of transactions. With blockchain technology users do not need to wait for any third party for their transactions to be verified, confirmed and validated. After automatic validation of transactions, they are recorded in the distributed ledgers called Blockchains, and once recorded, the information cannot be altered. Similarly, each block contains transactional information, a hash pointer, and a time stamp
A fully integrated cryptocurrency service for payments increases conversion rates and makes for better experience for traders. Customers need assurance that their every day order will get filled. Even with the crazy volatility of cryptocurrency prices, they expect an experience similar to CFD and forex trading. Matching these exepectations boil down to liquidity and speed of execution.
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. The platform will allow the trading of crypto tokens backed by the real financial assets that they represent. The main stakeholders in the ALLSTOCKS Network are users who wish to gain all the benefits that come with Blockchain technology and cryptocurrencies. These benefits include, low fees, secured transactions and instant transfers. To meet the need of all stakeholders, it is necessary to transition the traditional financial instruments to blockchain technology.
ALLSTOCKS infrastructure will be structured in a way that critical data will be stored on the Blockchain. The data to be stored are user balances and transactions. Decentralization of the ALLSTOCKS system is the single most important feature of all cryptocurrencies which makes them what they are. Conversion of physical assets to digital assets requires the undertaking some necessary off-chain actions of financial and legal due diligence.
IMPLEMENTING THE ALLSTOCKS SYSTEMS
ALLSTOCKS system can be implemented with the following:
• Ethereum Blockchain
• Ethereum Mining
• Cryptocurrency Tethered Token (CTTs)
• Fiat Currencies
• Money Market Instruments
• Regulation Compliance
• Escrow Account
• ALLSTOCKS Network Tokens
Total tokens supply: 50,000,000 AST tokens
Allstocks allocation: 25,000,000 AST tokens
March 1 – Announcement
April 15 – Public Presale start
April 15 – April 30, Stage one: 625 AST = 1.00 ETH (25% Bonus)
April 30 – Public Presale End
May 1 – Public Crowdsale start
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)
July 15 – Finish Token Distribution
July 31 – Start Trading
NOTE: Go to ALLSTOCKS website: https://all-stocks.net/ for more details on the token sale
Token Sale: 50%
Platform & Ecosystem Growth: 25%
Company Reserve: 10%
Team & Advisers: 10%
Bounty Program: 5%
USE OF FUNDS
Research & Development – 30%
Marketing – 30%
Global Operations & Brokerage Interface – 30%
Advisory, Management & Other – 10%
Q4 2016 – Conception of AllStocks idea & vision, exhaustive planning of the project.
Q1 – Q2 2017 – The initial foundations of AllStocks Network prototype.
Q3 – Q4 2017 – Development of Allstocks Network prototype & core platform infrastructure.
Q1 – Q2 2018 – Crowdfunding via token generation – initial coin offering (ICO).
Q3 – 2018 – Development of core platform infrastructure including API.
Q4 – 2018 – Integration of major stock exchanges & brokerage. Launch of production – level exchange platform.
Q1 – 2019 – Continuation of further global integrations, upgrades & enhancements.
Shaul Aharon – Chairman of the Board
Elad Aharon – CEO (C0-Founder)
Oren Nataf – CTO (Co-Founder)
Kobi Aharon – CFO (Co-Founder)
Omri Shabath – CDO
Sandra Lopez – CMO
Michal Mizrachi – HR Manager
C.M AI Imran – Team Leader of Infrastructure
Oz Shabat – iOS App Development
Zvi Yamin – Android OS Developer
Irmi Hene – Financial Modelling Specialist
On the surface, cryptocurrencies and digital assets seem like a threat to traditional trading platforms. We believe it is the exact opposite. Forex and CFD trading platforms are unmatched in providing customer experience for traders. The cryptocurrency exchanges that exist today are struggling to build a reputation. The truth is blockchain assets are an opportunity for trading platforms to seize the opportunity and leap into the future. Blockchain will power the next generation of asset trading and now is the time to adapt and evolve. ALLSTOCKS exchange platform guarantees that users can buy backed tokens that represent real financial asset which will be held in a trusted, transparent escrow account. The token’s value will always correlate the real asset’s value. They can trade backed tokens anywhere and anytime in all crypto-exchanges which in turn cuts down drastically the fees and commissions of the banks and brokers. The user can also liquefy their tokens on the AllStocks exchange platform at any given moment and receive their real assets value to their own account. ALLSTOCKS is definitely going to give existing cryptos a run for their money.
For more details on this project, please feel free to click on any of the following links:
Published by: tszone
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1742409
Ethereum wallet address: 0x684c9d1c004AB2023E1d3ae9aEb902B514B703d1