maniecool: ALL-STOCKS

The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is ALL-STOCKS

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.

ALLSTOCKS exchange network, with strong geographic reach and influence can be progressively developed to strike a partnership agreement with existing exchanges and brokerages. As a result of the partnership, ALLSTOCKS can house some of its fiat reserves with such exchanges to reduce significantly the transfer times and fees while providing these exchanges the much needed liquidity.

The cryptocurrency exchanges will play a critical role as they provide users with digital wallets and fiat currency accounts in their local currencies. Well, these services aid users to buy, transmit and sell such cryptocurrencies as well as provide the needed framework for users to convert cryptocurrencies to fiat currencies and vice versa.

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.

Features

Convenient

Safety, security

Easy to convert, easy to trade

The globalization market

How will it work?

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.

About 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.

The Decentral Stock Exchange

It manages how the CTT smart contracts function; the decentral stock exchange will be made. Its sole design is to guarantee the smooth working of these smart contracts.

IMPLEMENTING THE ALLSTOCKS SYSTEM

The ALLSTOCKS NETWORK will be a function of;

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.

SYSTEM ARCHITECTURE

Cryptocurrency Exchanges

Tethered Tokens

Tethered tokens are necessary to create traditional tokens with real financial assets backing. Also, for every traditional asset held on the Blockchain, the token is minted. This, in turn, ensures that whenever these underlying assets are sold, the token is automatically destroyed.

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.

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.

TOKEN SALE AND ICO

Role of ALLSTOCKS Tokens

The major business requirement of ALLSTOCKS is for CTT to be tethered to the underlying real financial assets. To this far, off-chain assets are scrutinized with the help of virtual exchange currency. Virtual exchange currency is required because it serves as the intermediary between on-chain and off-chain payments that enables the facilitation of payment of off-chain fees as well as system interaction.

CTTs are suitable for ALLSTOCKS Network to provide a dedicated chain in the near future. The reason being that CTTs must remain tethered to the real-world financial assets. While ALLSTOCKS tokens act as the gas of the network by providing access to the relevant network features, the ALLSTOCKS Network itself ensures that CTT is tethered to the real financial assets.

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.