Hello everybody, this new dipostingan I want to introduce about the AllStocks project, and for more details let's just go to the following discussion:
What is AllStocks?
Allstocks Network will also expose a generic API interface, which will offer developers more capacity to develop tools and applications that will be used for hedging, investing, and conducting transactions through an AST token. Decentralized organizations, exposed to digital currencies, can protect their funding through stable assets. While this network will allow investors to manage a diverse portfolio of investments, it will also allow for companies to spend capital easily.
How Allstocks Will Work
Allstocks will work in a way that allows important data to be stored in blockchain. This data is usually transactional data and user balance. All other data on this network will be stored on the server. Because it ensures that there is rapid adoption of CTT tools, frameworks and development environments have been designed.
Users of this network must have Ethereum wallets. All smart contract CTTs will comply with the ERC20 standard. Thus, they will work perfectly in blockchain ethereum. When this is done, smart allstocks contracts will be used to govern the smart contract work of CTT.
Smart CTT Contract
Any financial assets listed on the stock exchange will have a CTT issued. The CTT smart contract will be ERC20 compliant. So, forwarding CTT between users would be similar to transferring the ERC20 token between the wallets.
AllStocks Decentral Stock Exchange
It regulates how the CTT's smart working contract works; a decentralized stock exchange will be created. The ultimate goal is to ensure the smooth functioning of this smart contract.
This ensures that there is rapid adoption of CTT as hedging as well, various libraries and code templates will be available for application developers. The ICO for this project will begin on May 1 and end on 30 June.
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)
Fundraising Goal: $20M Hardcap
Token Sale Timeline:
- Public Presale Start (Stage 1)
- Public Presale End
- Public Crowdsale Start (Stages 2 & 3)
- Public Crowdsale End
- Finish Token Distribution
- Start Trading
Use of Funds:
- 30% - Research & Development
- 30% - Marketing
- 30% - Global Operations & Brokerage interface
- 10% - Advisory, Management & Other
Stage 1: April 15 – April 30 (25% BONUS)
Stage 2: May 1 – June 15 (10% BONUS)
Stage 3: June 16 – June 30 (No BONUS)
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