ALLSTOCK: A NEW WAY TO TRADE IN THE GLOBAL MARKETS DRIVEN BY BLOCKCHAIN TECHNOLOGY

in allstock •  6 years ago 

INTRODUCTION
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 network will thus create a decentralized system, which will enable all stakeholders to trade with its ERC20 compliant token, while the real financial assets will be held in an escrow account. Moreover, the network will allow users trade all sorts of financial assets (such as currencies and bonds) through Blockchain technology.
Screenshot_20180621-130749.png

MAIN STAKEHOLDERS IN THE ALLSTOCKS NETWORK
The main stakeholders in the ALLSTOCKS Network are;

  1. 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.
  2. Traditional investors - seeking to benefit from high returns of the crypto-economy.
  3. Decentralized organizations - who seek to diversity their crypto-holdings with low-yielding assets to stay transparent to all potential crowd-funders.

To meet the need of all stakeholders, it is necessary to transition the traditional financial instruments to Blockchain technology. To this end, asset-backed tokens have to be minted with the backing of the actual assets that they represent; asset-backed tokens can thus be used to denote traditional currencies and commodities.

8 FACTORS THAT ALLOW TRANSITION OF TRADITIONAL FINANCIAL ASSETS TO BLOCKCHAIN
Allowing traditional financial assets to trade on Blockchain is essential, and the following factors will help to achieve this goal.

  1. Cryptocurrency Exchanges: Cryptocurrency exchanges will play a critical role in the platform – they will provide users with digital wallets and accounts with their local fiat currencies.
  2. Public Blockchain: A secure public Blockchain will give the ALLSTOCKS system the support it requires.
  3. Stamper: It will assure that asset-backed tokens always hold their respective value as it connects the traditional assets to the asset-backed tokens.
  4. Application Layer: A wide array of applications that will capitalize on the asset-backed tokens' capabilities are in developement.
  5. 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.
  6. Transfer of Ownership: Upon issuance of asset-backed tokens, all the underlying assets can be traded in the crypto-market.
  7. Fees: Fees always apply whenever digital and traditional assets are transferred, and these fees must be accounted.
  8. 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.

HOW ALLSTOCK WORKS

  1. Buy Backed Tokens that Represent Real Assets
    A token is issued for a real financial asset that you buy, which will be held in a trusted, transparent, and regulated escrow account. The token’s value will always correlate the real asset’s value, and can be liquefied at any given time.
  2. Trade Your Backed Tokens Anywhere
    All issued tokens are ERC-20 compliant, which means that you can trade it anywhere and anytime in all crypto-exchanges; this cuts down drastically the fees and commissions of the banks and brokers.
  3. Liquefy Your Tokens
    At any given moment, you can liquefy your tokens on the AllStocks exchange platform and receive their real asset’s value to your account.

DECENTRALIZED OPERATIONS OF ALLSTOCKS SYSTEM
Decentralization of the ALLSTOCKS system is the single most important thing that must be achieved because it is the most unique feature of all cryptocurrencies which makes them what they are. Converting physical assets to digital assets requires the undertaking some necessary off-chain actions of financial and legal due diligence. In the long run, regulations are expected to evolve, that will enable ALLSTOCKS system to become even more decentralized. Few of their decentralized operations are;

  1. On-chain Digital Identity: Today, there are many On-chain Identities, Anti-Money Laundering (AML) and Know Your Customer (KYC), but they are regrettably not enough. Therefore, there’s a need to implement advanced identification solution.
  2. Remittances: ALLSTOCKS supports remittances by enabling fiat to fiat currency transfers. As a result, users can easily add and transfer funds, regardless of their locations in the world.
  3. API for the Currency: The ALLSTOCKS Network’s API currency enables wallet holders to convert from one currency to another effortlessly.

4 BENEFITS OF ALLSTOCKS NETWORK
There are wide array of uses of Asset-backed tokens in Allstock network which include:
• Traditional to digital exchange: They are capable of providing low-risk facilities but with high returns for investors through the wholesale of investment instruments to investors.
• Platform for investment: Commodities and money market instruments can be deposited and sold.
• Shielding Tokens: Organizations can buy money market CTTs and store them with full transparency.
• Global transfers: ALLSTOCKS platform can also provide tokens that have all the desirable features: immutability, global adoption, reliability, stability, and ease of transfer.

ALLSTOCKS NETWORK TOKENS
The ALLSTOCKS Network’s fees and commissions will be levied in the form of its tokens. Tokens issued by the ALLSTOCKS Network will be listed on all exchanges that are ERC-20 compliant.

TOKEN SALE
Total tokens supply: 50,000,000 AST tokens.
In the current sale, AllStocks will allocate 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)

TOKEN DISTRIBUTION
Screenshot_20180621-135716.png

TEAM
AllStocks is led by a team of experts with backgrounds in finance, trading, blockchain, investment banking, AI, big-data, and fintech.Screenshot_20180621-135932.png
Screenshot_20180621-140008.png

CONCLUSION
The ALLSTOCKS Network is robust, safe, secure, decentralized and promising. All of these qualities are made possible by a lot of hard work of the ALLSTOCKS Network staff, including its infrastructure, regulations, implementation, and decentralized operations. This procedure is holistic and tedious, but it must be done cautiously to create a platform in which stakeholders would love to invest. Once all these critical components will work in harmony they will form a Blockchain platform that can make a revolution in global stock and asset markets. For details information about Allstock, it is important to check their various links and channels indicated below:

Website: https://all-stocks.net
Whitepaper: https://all-stocks.net/wp-content/uploads/2018/04/Allstocks_whitepaper_rectified-1.1.pdf
Join on Telegram: https://t.me/all_stocks_ico
Follow on Twitter: https://twitter.com/AllStocks_ico
Follow on Facebook: https://www.facebook.com/gobalstocks/
Follow on LinkedIn: https://www.linkedin.com/company/allstocks-network/
Follow on Reddit: https://www.reddit.com/r/AllStocksNetwork/
Follow on Instagram: https://www.instagram.com/allstocks1137/
Follow on YouTube: https://www.youtube.com/channel/UC2mcJvF9ibCOWzODfBcgFug
Follow on Pinterest: https://www.pinterest.com/AllStocksNetwork/

NB: Most of the picture diagrams and table displayed in this write up are obtained from official site of Allstock.

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