After more than two years of development, AllianceBlock announces its token generation event (TGE).
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The launch comes just weeks after AllianceBlock closed its 1,200% oversubscribed private sale, raising $0.5 million. The project now moves on to the next stage of development — coding the v1.0 platform and expanding the AllianceBlock ecosystem.
Building the World’s First Compliant Decentralized Capital Market AllianceBlock is building the first globally compliant decentralized capital market using a combination of several decentralized technologies.
AllianceBlock introduces the Prometheus Protocol, a multi-layered architecture that serves to solve some of the biggest pain points of the traditional finance (TradFi) industry while funneling potentially trillions of dollars of traditional capital into the blossoming decentralized finance (DeFi) industry.
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To help fast track the evolution of blockchain and DeFi and build the first compliant gateway for TradFi funds, AllianceBlock is tackling the three main barriers to the adoption of decentralised technologies by regulated entities: Compliance, Security, and User Experience.
The successful completion of AllianceBlock’s TGE marks the first step towards disrupting the $100 trillion global securities industry. “The formation of a truly decentralized capital market is a long-overdue upgrade to the traditional investment banking model, helping to democratize access to capital markets for the first time in history,” said Rachid Ajaja, founder and CEO of AllianceBlock.
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