Allvor

As the blockchain revolution continues to sweep the globe, many digital analysts have observed that the emergence of blockchain technology is symbolic of a new wave of Internet implementation.

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Over the past thirty years, the internet has evolved and caused an unprecedented revolution in the way communication and data exchange is carried out between people and organizations.

What Is Allvor?

Allvor is being described online as the world’s first cryptocurrency that lays particular focus on the trade of products and services, based on the XRP Ledger.

To be more specific, we can see that Allvor combines the power of Ripple’s Ledger technology along with other functional modules that help boost the adoption of cryptocurrencies within commercial establishments.

Allvor XRP Ledger E-Commerce Cryptocurrency Key Features

Usability

Owing to its highly ordered structure, this platform can be used by market agents, consumers, sellers within a wide array of market sectors.

Interoperability

As mentioned earlier, Allvor helps in the creation of digital tools that have the potential to enable real-time gross settlement possibilities available within the XRP Ledger.

Compatibility

The system comes with a payment gateway that is ideal for use within e-commerce establishments.

Remote Accessibility

Since all native ALV tokens are stored within a Ripple account, users have the ability to manage their balance as well as send/receive payments with the simple touch of a button.

Native Wallet

Allvor comes loaded with a fully functional wallet that makes digital/fiat monetary transactions much more streamlined and hassle-free.

What’s So Unique About Allvor?

Apart from the features that have been described above, Allvor’s main development and partnership efforts are aimed at creating an interface that allows for the deployment of ALV coins for everyday business transactions. Some of the core modules that the company is currently working on include:

Plugin For The Magento Platform

Magento is an open source e-commerce platform that is used by thousands of virtual stores around the world.

Plugin For The WooCommerce Platform

WooCommerce is also an open source e-commerce platform. It was developed as an extension to WordPress and is currently the most widely used online content management platform in the world.

Integration With Online Payment Providers

These include payment services such as Stripe etc.

Integration With Cryptocurrency Debit Card Providers

Includes support for financial providers such as Wirex.

Hybrid Payment Gateway

HPGs as they are commonly referred to as are payment gateways that can receive ALV payments and process monetary transfers for sellers in both ALV as well as local currencies.

Allvor ALV Token ICO Details

As per the official company whitepaper, ALV tokens have already been fully issued and are not subject to any further mining activities.

In all, there are a total of 100,000,000,000 ALV that are presently in circulation. The distribution of tokens has been done in the following manner:

  • 5% of the tokens have been dispensed in accordance with the company’s envisioned distribution program.
  • 15% have been utilized for the further development of the project.
  • 20% have been used for the creation of a reserve fund.
  • The remaining tokens have been distributed amongst potential investors and other interested parties.

For any other queries regarding this project, users can get in touch with company officials either via email or through one of their many social media channels.

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