There are many ICO coming out nowadays, which makes it hard to find coins that offer something with true value to the community.
One coin that looks prommising is the AllStocks Network coin which can be found https://all-stocks.net/.
Currently the coin is in its Presale phase offering 625 tokens per Eth, valuing each token at around the 80c price point at the time of writing, this will drop to 500 tokens per Eth for the main sale of the coin. With the current lower price of Ethereum, now may be a good time to stock up if you are planning to invest in this project.
What is All stocks?
According the the white paper, the best description can be seen as "an 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"
In essence, each real asset that is registered to the all stocks exchange will have its own CTT (Cryptocurrency Tethered Token) that represent this asset, allowing users to trade tokens and own portions of the asset.
Why do you need the All stocks token then if there will be multiple CTT tokens?
The token is a critical part of the project, CTTs must remain tethered to the real-world financial assets so they can not fluctuate and be sold in an ICO, these CTT tokens will need a form of GAS to trade on the network this is where the Allstocks tokens come in, acting as the gas of the network and allowing the use of the relevant features you will need to use to purchase and use your CTT tokens, this process allows the CTT tokens to remain tethered to the asset they were created against stopping hyperinflation of depreciation.
I have always been a fan of putting real assets into a blockchain form, so this is a project that I wil be watching closely.
Find out more and invest at https://all-stocks.net/
