on the basis of your platform will I be able to buy shares of interesting companies for any tokens? Explain to me in steps how this operation will be carried out. And what is its legal support?
Our platform will support all ERC20 tokens
investors will be able to trade with these tokens as long as they will be registered to trade, most likely that we will begin with the most popular and most tradable tokens.
steps common user will take:
1. send ERC20 tokens to his account on AllStocks.
2. convert to inner-platform Token.
3. Buy backed Tokens that link to a real asset in the real world(it can be stock, bond, future or any other tradable asset.
4. 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.
5. All issued tokens are compatible with ERC20 standard, which means you can trade it anywhere and anytime on all Crypto Exchanges.
You can invest in other AllStocks backed token and build your perfect portfolio. Cutting down all middle man fees and broker/banks payments.
6. At any given time, you can liquefy your tokens on AllStocks trading Platform. The platform will then burn the token and transfer the asset or it’s equal market value back to your account.
7. buy, sell, cancel and other trade order will be forward to outer brokerage using the FIX protocol or API.
thanks