From the very beginning, the AllianceBlock vision for the world’s first decentralized capital market was always shaped around the AllianceBlock token (ALBT) — a multi-functional token that forms the backbone of the AllianceBlock Protocol and acts as the main medium of exchange for the AllianceBlock ecosystem.
ALBT is designed to maximize value to the AllianceBlock ecosystem, and incentivize inclusion, participation, and growth by acting as a reward system for those that contribute value to the AllianceBlock market, such as by rating projects, helping to maintain the network by running a node, or delegating their tokens (and voting power) to pre-existing nodes.
Managing Supply and Promoting Growth
The AllianceBlock token is built into every transfer of value within the AllianceBlock ecosystem, and users, institutions, and data providers will pay in ALBT to issue new structured products , offer datasets and live data, and launch potential opportunities. Likewise, every transaction conducted on AllianceBlock will have at least part of its fees paid in ALBT, ensuring there is always positive demand for the token.
To provide additional value to network participants and stakeholders, AllianceBlock will be operating a staking reward program, which sees holders of institutional nodes, data nodes, and service nodes rewarded for locking up ALBT tokens. Regular community members and participants that don’t want to (or cannot) operate their own node can instead delegate their stake to pre-existing nodes.
It is anticipated that 15% of the total token supply could remain within the node staking intrasystem and might not enter general circulation.
About AllianceBlock
AllianceBlock is building the first globally compliant decentralized capital market. Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the traditional market with its state-of-the-art and globally compliant decentralized capital market.
