The Blockchain is a rapidly growing technology that is engulfing every possible business domain. Therefore, many reports published have predicted a huge rise in the Blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and the internet.
Fundamentally the rise in cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is ALLSTOCKS
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 standard compatible token. 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, but not limited to: low fees, secured transactions and instant transfers. Allstocks will work in a way that enables basic information to be put away on the blockchain. This information will regularly be the exchanges information and client adjusts. Every single other datum in this system will be put away in the server. Since it guarantees that there is a fast appropriation of CTT instruments, the structure and advancement situations have just been planned.
Clients of this system should have Ethereum wallets. All the CTT smart contracts will be consistent with the ERC20 standard. Accordingly, they will work immaculately on the ethereum blockchain. At the point when this is done, an allstocks smart contract will be used for directing crafted by the CTT smart contracts. Each monetary resource that is enrolled with the allstocks exchange will have a CTT issued. The CTT smart contract will be ERC20 consistent. In this manner, sending the CTTs between clients will be like exchanging ERC20 tokens between wallets.
FEATURES OF ALLSTOCKS PLATFORM
Ethereum Blockchain: Allstocks chose ethereum blockchain because it decouples mining rewards from transactions between the system’s participants. In simple terms, Ethereum denotes mining rewards as Ethereum gas, a price paid to carry out transactions on Ethereum, while asset-backed tokens are made a part of the mining process.
Ethereum Mining: Ethereum miners solve some cryptographic puzzles so as to win Ether, a crypto token that helps the system to run smoothly. Ether also enables developers in the Ethereum network to pay for fees and services.
Cryptocurrency Tethered Token (CTTs): Cryptocurrency Tethered Token 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. The plan to add more assets in the future has been in place.
Fiat Currencies: ALLSTOCKS will support many internationally tradable fiat currencies. These fiat currencies include USD, EUR, GBP, RUB, CNY, JPY, and more. More fiat currencies will probably be supported in the future as the exchange gets its needed world popularity.
Money Market Instruments**: ALLSTOCKS will offer stable low-yield assets. Investors will be able to buy tokens tethered to US Treasury Bills. When it is done, the implication is that dividends and interests will keep accruing until real financial assets mature.
Dividends and interests, if present, will be given to current CTT holder as fiat CTT. The effort made in developing ALLSTOCKS is a continuous one, so in the future, more financial institutions will be incorporated into the network, and financial instruments will be enhanced to support the newly added financial institutions.
Regulation Compliance: Because CTTs can also be embedded to meet certain regulations because they can be programmed. We all know that fiat cannot be restricted, however, the buying and resale of other financial assets must be restrained by country-based geography. If this is achieved, then they will be fully compliant.
Escrow Account: All financial assets used in the network will be held by an escrow account on behalf of ALLSTOCKS issued CTTs.
Off-chain activities require the oversight and input of authorized regulators because a large component of the system will be off-chain. It is important that stakeholder interaction will be opened and well-managed to ensure full compliance without sacrificing reliability and transparency of the whole system.
Assets Explorer: This Shows the underlying assets with full transparency and ease, allowing any user to explore the relation between issued Cryptocurrency Tethered Tokens to its real asset.
THE UNIQUENESS OF ALLSTOCKS NETWORK
Easy to convert, easy to trade
The globalization market
TOKEN AND ICO DETAILS
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.
June 16 — June 30 (Stage three): 500 AST = 1.00 ETH (No Bonus)
Public Crowdsale End: June 30
Finish Token Distribution: July 15
Start Trading: July 31
HARD CAP: 25,000,000 AST
SOFT CAP: 2,500,000 AST
ROADMAP AND DEVELOPMENT PERSPECTIVE
Q4 2016: Ideation of All-Stocks concept, project plan elaboration
Q1 — Q2 2017: Preparation and start designing All-Stocks Network prototype
Q3 — Q4 2017: Development of All-Stocks Network trading prototype and core platform infrastructure
Q1 — Q2 2018: Preparation and start of crowdfunding via Token Generation Event
Q3–2018: End development core platform infrastructure including interface API
Q4–2018: Brokerage and major stock exchanges integration, launch production level trading application
Q1–2019: Beginning of worldwide marketing campaign
Q2–2019: Continuous stock exchanges and brokerage integration worldwide.
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM AND ADVISORY MEMBERS
FOR MORE INFORMATION PLEASE VISIT THE LINKS BELOW;
Website : https://all-stocks.net/
Telegram Group: https://t.me/all_stocks_ico
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=3177904.1820
Bitcointalk ANN Thread : https://bitcointalk.org/index.php?topic=3210865.0
Linkedin : https://www.linkedin.com/company/allstocks-network/
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409