AllStocks: The Future of Global Markets

clauming (7)in #cryptotrading • 6 years ago

Introduction

Hi dears, another interesting project is being started. First of all, for who missed previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.

All this racket of cryptomoney has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of block chain technology.

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, paypal, etc.). The blockchain is the technological basis for all cryptomontages, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agree. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

For this reason, the project I am going to present you is the AllStocks Network, a distributed global stock exchange platform based on blockchain technology, creating a decentralized system..

Presentation

Definition

As I said before, AllStocks (AST) (https://all-stocks.net/) is a robust, safe, secure, decentralized and promising distributed global stock exchange platform that is based on blockchain technology creating a decentralized system, and enables stakeholders to trade with its ERC20 compliant token, while the real financial assets will be held in an escrow account.

Goals
The main objective of AllStocks is to interact with the main stock exchanges and stockbrokers around the world.

Arquitecture
The AllStocks infrastructure will be structured so that critical data is stored in the block chain and must be user balances and operations data. Then, this data is kept stored in the Blockchain, and all the others in the server. In addition, the AllStocks team has already designed technological environments to enable the rapid adoption of the CTT, tools, framework and development.

Thus, the main tools used by AllStocks are:

Tool	Description and utility
Infrastructure in the chain	Smart contracts will be needed for it to work optimally.
CTT Smart Contracts	Each real financial asset registered in the AllStocks Decentral Stock Exchange will have CTT issued in the form of intelligent contracts. On the other hand, the CTT smart contracts will comply with the ERC20. Resending CTTs between accounts will be the same as transferring ERC20 tokens between users' purses.
ALLSTOCKS Descentral Stock Exchange	A Descentral Stock Exchange dedicated to cryptocontracts will be responsible for this responsibility in order to regulate the work of CTT Cryptocontracts.
Intelligent Auxiliary Contracts	The so-called buffers will help perform auxiliary functions such as switching between cryptocontracts running different versions and enabling additional API functions.
Tools	Tools created to help organize the interaction and monitor the status of the AllStocks system.
CTT Explorers	Created to allow users to view the CTT data and manually verify the correct ownership of the underlying real financial assets.
Infrastructure outside the chain	To facilitate the rapid adoption of CTT as a coverage, transaction and investment tool, certain libraries and code templates will be made available to application developers.

Advantages
The AllStocks Network provides a huge range of benefits. Here we have the list of all of them:

Well-developed infrastructure that allows the commerce without problems of cryptographic tokens backed by real financial assets.
It will interconnect with the main stock exchanges around the world, which makes it a profitable investment for all cryptography enthusiasts, financiers and investors.
It will allow the negotiation of cryptographic tokens backed by the real financial assets they represent.
It will allow all interested parties to negotiate with their token compatible with ERC20, while the real financial assets will be deposited in a blocked escrow account, through the creation of a decentralized system.
It will allow users to negotiate all types of financial assets through the Blockchain technology.
In addition, AllStocks Network will launch its generic API interface, giving developers a greater capacity to develop their tools and applications to invest, cover and carry out transactions using ALLSTOCKS tokens.
By providing more stabilized assets, organizations that are exposed to cryptocurrency fluctuations can better protect their capital.
It will also allow exposure to more markets and financial assets with ease and flexibility.
It will allow investors to manage various investment portfolios

Roadmap

Date	Event
Q4 2016	Conception of the idea and vision of AllStocks. Comprehensive project planning.
Q1 - Q2 2017	The initial foundations of the AllStocks Network prototype.
Q3 - Q4 2017	Development of the AllStocks Network prototype and the infrastructure of the central platform.
Q1 - P2 2018	Crowdfunding through the generation of chips - initial offer of coins (ICO).
Q3 - 2018	Development of the infrastructure of the central platform, including the API.
Q4 - 2018	Integration of the main stock exchanges and brokerage. Launch of the exchange platform at the production level.
Q1 - 2019	Start of the global marketing campaign.
Q2 - 2019	Continuation of integrations, updates and global improvements.

Airdrop

The project gives the opportunity to earn allStocks (AST) tokens performing some social media tasks and doing simple steps from the bounty program explained into the Bitcointalk section webpage. Here (https://bitcointalk.org/index.php?topic=3177904) you can access to the link in order to see what are the conditions to become an early AST contributor and start acquiring tokens.

Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://all-stocks.net/wp-content/uploads/2018/03/Allstocks_whitepaper_rectified.pdf). You can also stay tuned in their official Telegram group (https://t.me/all_stocks_ico). I hope you liked the post and soon I'll send you new ones.

Extra details

Token: AST
Platform: ETH
Type: ERC-20
PreICO price: 1 AST = 0.0016 ETH
ICO price: 1 AST = 0.002 ETH
Tokens for sale: 25,000,000