summary: AllianceBlock is a decentralized, blockchain-agnostic layer 2 that converts any digital or crypto asset into a bankable product.
content: AllianceBlock (ALBT) is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product. ALBT is responsible for maintaining the healthy liquidity balance of DAI and ALBT tokens in the Treasury Conversion Protocol. Overview ALBT enables the digitalization of real-world assets such as real estate or commodities to be represented by digital tokens. All digital assets will be investable, bankable, fungible, and accessible to all DeFi and TradFi participants. DeFi and TradFi participants will be able to interact with, transfer, and exchange assets and data in a compliant and straightforward way, promoting capital flow between the two, now distinct, markets. AllianceBlock aims to improve the efficiency of the fund distribution process to provide better client service while reducing the resource burden for managers. AllianceBlock, is strategically partnering with Bridge Mutual, the decentralized, peer-to-peer discretionary coverage platform for digital assets. Through this partnership, Bridge Mutual and AllianceBlock provide traditional investors with a compliant bridge to DeFi protected by decentralized coverage. AllianceBlo\\ck has integrated Bridge Mutual into its P2P lending, investment, and NFT platform, allowing Bridge Mutual to provide coverage to lenders and investors. Bridge Mutual will also work to monetize its platform through the AllianceBlock Data Tunnel. ALBT Token Functionalities ALBT tokens are the backbone of the Prometheus Network ecosystem. Prometheus Network ecosystem also ensure high internal liquidity of the token with the ecosystem; therefore, users do not have to withdraw token from the ecosystem in order to monetize their gains or exchange them for other assets or services. ALBT token is also the main medium of exchange between network participants. Tokens are exchanged freely between users if there is no need to lock them in a smart contract for longer than an hour in order to exchange ALBT tokens for an asset or service. This transaction will include sending a token from wallet to wallet, paying network fees for operations on the platform, paying fees for data queries from data nodes, and paying for access to goods and services available on the platform or platform marketplace that are available immediately such as, datasets, documentation, access to software, etc Tokens Stimulation One of the main tasks of AllianceBlock is to behave as the Central bank of the ecosystem and maintain healthy growth of the user base and the token stable price appreciation. Having in our availability multiple different instruments we want to focus on the following aspects of the network stimulation: Decreasing the token volatility using buybacks when the price is decreasing or selling the tokens when the price is overperforming in an unnatural way. Maintaining token supply released on the market by AllianceBlock on a smaller level than the current demand from the ecosystem side in order to create scarcity on the market and constant price appreciation. Monitoring active address, number of tokens staked, rewards from staking, users holding index, and token velocity in order to provide the best strategy from above. Stimulate the network in fees and redistribute these fees in rewards to the places in the network where it is the most needed Treasure Pool Treasury Pool reflects the reserve of the ecosystem. Tokens in the Treasury Pool can be used to positively stimulate network growth. Tokens in the Treasury Pool cannot be sold on the secondary market for monetary benefits to the company, they cannot be spent on team member bonuses, transfer to advisors or other, non-ecosystem stimulation-related activities The only way to sell ALBT tokens from Treasury Pool is through Treasury Conversion Protocol to replenish the missing gap after the transaction explained in the section AllianceBlock Treasury Conversion Protocol. \\ Tokenomics AllianceBlock owns a native token that functions as the utility token for its ecosystem. The token also runs on the Binance smart chain and avalanche chain. The token has a ticker symbol denoted as $ALBT. The AllianceBlock tokens (ALBT) have a total supply capped at 1,000,000,000 ALBT- which is also its maximum supply. Users can trade $ALBT tokens in the following crypto exchange: Kucoin Uniswap Bitrue Bitfinex. Balancer.