Thread by @2xnmore

$ALBT has proven itself to be a strong investment, during this bear market.

Its technology and dedicated community offer great potential for substantial returns for early investors.

Here's the knowledge you need to make an informed decision about #ALBT 🧵

@allianceblock

The scope of this thread will include :

1 Introduction
2. History
3. Token utility ( $ALBT )
4. Conclusion and recommendations

1️⃣ AllianceBlock aims to enable legal cryptocurrency trading for financial institutions and clients through its blockchain-agnostic protocol.

It aims to unite traditional finance with decentralized finance by automating the conversion of digital tokens into bankable assets.

2️⃣ AllianceBlock, founded in Aug 2018 by Rachid Ajaja, Amber Ghaddar and Matthijs De Vries, aimed to democratize access to capital market investments.

And also provide traditional financial institutions with a way to digitize their products while maintaining compliance globally.

The goal is to link traditional and decentralized finance systems and become a compliant decentralized capital market worldwide.

3️⃣ $ALBT tokens power the allianceblock ecosystem and provide value through token rewards, ratings, and access to exclusive platform features.

The ecosystem ensures high internal liquidity so users don't have to withdraw their tokens to monetize or exchange them.

• The medium of exchange - The $ALBT token will serve as the primary currency for services and assets on the platform.

It is used for paying for new financial instruments, services, data access, etc. In the future, users may also use ETH or other coins.

All transactions will requiresome $ALBT involvement.

To mitigate volatility issues, the platform features a stabilization mechanism using DAI.

•Mean of reward - nodes owners, and other relevant network participants will be rewarded for maintaining the network in the form of the token from the Reward Protocol.

• Currency reserve of ecosystem Treasury Pool -

The AllianceBlock Foundation will serve as a central bank to manage $ALBT token supply and demand.

It will enforce its monetary policy to foster network growth as detailed in the Fiscal and Monetary Policy Chapter.

• Voting & Delegation - Network participants can delegate tokens to Institutional Nodes to increase their voting power.

The process is explained in the Governance Protocol.

• Staking - Network participants can stake tokens to benefit from the staking protocol via Institutional, Data, or Service Nodes.

Early staking costs are covered by Reward Protocol, later by network fees managed by Treasury Pool.

4️⃣ DeFi is a popular concept, but many prefer the stability and security of traditional finance. This is due to some DeFi schemes not performing as expected.

However, DeFi offers advantages such as easier international money transfers.

AllianceBlock, formerly Prometheus Protocol, aims to reconcile these conflicting preferences by enabling cross-border transactions in capital markets in a regulated and compliant manner.

The platform, built on the Ethereum blockchain, consists of three parts:

A data governance layer to ensure data protection and compliance.

It also has a ross-border regulatory compliance layer to ensure smooth and lawful transactions.

And finally, a securities issuance and lifecycle management layer guarantees proper functioning and compliance with the law.

Before investing in cryptocurrency tokens, it's important to conduct thorough research.

This includes examining recent market trends, news, technical and fundamental analysis, and expert opinion.

Keep in mind that past performance does not guarantee future returns, and only invest money that can afford to be lost.

If you found this useful kindly ;

1. Follow me @2xnmore for educational threads;

2. Like +RT and share;

3. Follow @allianceblock

$ALBT / #ALBT