Alpha virtual currency

BAL is the platform token of balancer, which is a decentralized transaction protocol of reserve pool based on Ethereum. It is similar to uniswap in function. The difference is that a single pool of uniswap can only inject two types of assets, and the value ratio is fixed at 1:1. A single pool of balancer can support up to eight types of assets, and it can customize the weight and handling charge of assets in the pool

if users want to exchange a for B in this pool, they just need to substitute the formula to calculate the exchange ratio. This allows users to choose the best interest rate combination pool for arbitrage

extended materials

balancer overturns the concept of Index Fund: instead of paying the portfolio manager to rebalance your portfolio, you collect fees from traders, who rebalance your portfolio by following arbitrage opportunities. A certain proportion of the investment amount is charged for each transaction. The fee is customizable for each pool and is fully handed over to the pool liquidity provider

features:

1. Simulation trading

preview the expected trading prices of the two assets under the condition of existing liquidity and sliding point

2. Intelligent order routing

transactions are split by SOR, which performs optimization in all pools to achieve the best price execution

3. Unstoppable interface

the front end is open source and will be provided through IPFs. No white list or approval is required to trade any token

Sto is a kind of token with security nature.

the issuing process of STO token is as follows:

issuing scheme design: according to the information and requirements of the qualification of the project party, reasonable suggestions are given to avoid other risks more effectively

vie subject construction: registration of overseas subject company, tax exemption, reasonable and legal return of profits

project legal compliance: provide all legal documents required by reg compliance for project parties, apply for CID code and submit them for filing

token issuance: according to the preliminary plan, jointly negotiate the token issuance time cycle

docking of qualified investors / institutions: docking of overseas qualified investors and investment institutions such as China, the United States, Japan and Singapore<

sto overseas issuance can be divided into two types: one is rge. A +, which is registered under the SEC of the securities and Exchange Regulatory Commission, which is usually more demanding for overseas investors and can be used as long-term preparation; Second, we can apply for exemption in the sec. We only need to put it on record, and the SEC will not take the initiative to audit reg. D and reg. S. this kind of token not only has less strict requirements for overseas investors, but also has more advantages in terms of financing amount and overseas publicity

the attitude of SEC in the United States is very clear: the digital currency generated by ICO belongs to securities, so the issuance process needs to be regulated in accordance with the securities law. Bitcoin is not proced by ICO, so bitcoin does not belong to securities and is not regulated by SEC. However, the ETF of digital currency belongs to the scope of SEC supervision. At present, the SEC requires all ICOS to register, follow the process of security token issuing (STO), and follow the existing securities regulations. If we don't follow the SEC's legal sto requirements, the SEC will take severe enforcement actions

sto is a security token. How did it come into being out of thin air? Looking at the situation of ICO this year, the emergence of STO is by no means accidental. Compared with ICO decentralization, it only needs to finance through virtual currency, with low threshold and high risk. Sto is issued under legal and compliance supervision, and is mortgaged by offline tangible assets. The increase of investment threshold also greatly reces the risk, so sto securities token issue has become the object of everyone's pursuit

when new things come into being, some people will doubt it. Some people say that sto means that the existing securities have changed their clothes. If we simply pass the existing securities, then it is not innovative enough and its value is limited. It is just token of assets

we have to mention the advantages of sto. After ST is listed, it is different from traditional securities. Once the transaction is completed in the exchange and the wallet is extracted, St completes the delivery, which is faster than the tedious traditional securities instry

in addition, ST has the biggest advantage over traditional securities, that is, ST is programmable, which can bring many functions that traditional securities do not have to listed companies. These new programmable features make traditional securities become intelligent securities, and sto has the technical advantage of replacing IPO

in the process of STO's actual implementation, there is an operation method at this stage, which is to follow the process of Internet enterprises' overseas listing, first register offshore companies, then control domestic companies through vie structure, and then issue st by offshore companies, but finally not to NASDAQ, but to open finance, tzero, CSE and other licensed st digital exchanges

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3.24 hours

4. Smaller trading unit
finally, I think that the SEC has repeatedly rejected BT currency ETF. Every time the SEC has a bit of movement, it can be directly reflected in the BTC price, and the digital asset market is just around the corner to seek new financing mode

then what kind of domestic enterprises can issue STO in the United States:

have real assets, no profit requirements

have business history and income

the company form is not limited; It has good market potential

It is a blockchain currency to measure the value of digital content

As of November 30, 2018, ELFA has not been recognized as a pyramid scheme. ELFA is a virtual currency proct of ELFA Holding Group Co., Ltd. Alfa Holding Group Co., Ltd. is Shanghai Hengfeng Computer Network Technology Co., Ltd. You can also judge whether it is pyramid selling according to Article 7 of the regulations on the prohibition of pyramid selling

(1) organizers or business operators require other personnel developed by the developed personnel to join in through developing personnel, and the developed personnel shall be calculated and paid remuneration (including material rewards and other economic benefits, the same below) based on the number of personnel developed directly or indirectly, Seeking illegal interests

the following is the media report:

on December 29, 2016, the Fengtian banquet hall of Shangri La Hotel in Shenyang, Liaoning Province was filled with laughter and guests. The 2016 award ceremony of Shanghai Hengfeng Computer Network Technology Co., Ltd. was held here. Alfa group's senior management team from South Korea, as well as instry elites and news media representatives from South Korea, Vietnam, the United States, France, Japan, the United Kingdom and China attended the ceremony

the participants watched the promotional video of Alfa Group Co., Ltd. and Mr. Pu, the person in charge of Shanghai Hengfeng Computer Network Technology Co., Ltd., delivered a speech on behalf of the head office. In his speech, he shared the company's entrepreneurial history and achievements, emphasizing that development originates from dreams, is based on struggle, and is focused on persistence

he hoped that all the staff of the company would carry forward the spirit of indomitable struggle, fearless of difficulties and keen market insight, seize the opportunity, forge ahead with determination, fight bravely in the tide of market economy, and write a brilliant history with hard-working hands and wisdom. Ten years of sharpening a sword, summing up the past, looking forward to the bright future of the company, Alfa will be more brilliant tomorrow

ring the celebration, elite representatives from all over the country made inspirational speeches, held lucky draw activities and artistic performances, presented a number of wonderful programs for guests, and presented a cultural feast. The company also rewarded the sales elites, and the whole celebration was full of laughter and applause

as the currency of the previous generation, paper money has low technology content. From the perspective of safety and cost, it is the general trend to be replaced by new technology and new procts. In particular, with the development of the Internet and the great changes in payment methods all over the world, the establishment of digital currency issuance and circulation system is very necessary for the construction of financial infrastructure and the promotion of economic quality, efficiency and upgrading

Alfa Holding Group Co., Ltd. is also the only company that has obtained the license of Korean e-virtual currency among hundreds of virtual currency companies in South Korea. ELFA is the virtual currency with the widest combination of e-money scarcity and service application. On the basis of bitcoin technology, R & D technology and mining system are more optimized and perfect. At the same time, it has a wide range of service application value and huge revenue prospects

Alpha token (ATK), launched in 2017, is a blockchain currency to measure the value of digital content. It provides a safe and efficient general equivalent for the entire content instry chain (including procers, consumers, advertisers and distributors), and realizes the complete economic value transformation of smart procts

ways:

1. Foreign exchange market trend is attached to the futures and foreign exchange quotation software

2. Foreign exchange quotation is also available on major financial websites

3. Exchange rate information can also be queried through the foreign exchange inquiry tool provided by mobile phone

4. Most mobile futures quotation software also has the main currency exchange rate quotation

notes:

exchange rate is constantly changing, When using it, please refer to the exchange rate of the day you need. When you exchange it at the bank counter and online banking, you should base on the real-time quotation at that time

for example, for the latest exchange rate query, you can input & quot; Exchange rate of Algerian Dinar to RMB;, You can see the latest exchange rate directly