What Is Wall Street Coin?
Wall Street Coin is an ecosystem that is based on the Ethereum Network. This will make it possible to develop a peer-to-peer network without the use of any middleman. This will make it possible for investors to avoid stock selling campaigns and invest in the startups that they love.
How Wall Street Coin Blockchain Stock Exchange Market Works
With the help of the blockchain, it will make it possible for Wall Street Coin to ensure the transparency of every investment and its security. Right now, the brokerage firms have a huge amount of power, which is growing daily due to centralization. A major issue of centralization is vulnerability. Most brokerage firms have leveraged on this to manipulate the prices and values of shares.
This manipulation is done to increase profits for brokerages at a cost to investors. With the Wall Street coin algorithm, companies with great ideas will be given priority to sell shares. The prices will be accurately and legitimately valued. This way, investors can purchase these shares at the right price.
The Current Situation In Stock Exchanges
Stock exchanges offer a medium via which investors and brokers can trade shares. Besides that, exchanges provide the facilities necessary to redeem dividend and securities. The stock market offers huge opportunities. Companies are able to sell part of their company to gain capital.
Upon purchase, the value of the shares will increase as the value of a company grows. Every day, there are new companies trying to access the stock market to raise capital.
However, the stock markets are currently plagued by numerous inconsistencies. There is always a danger that these inconsistencies could cause the markets to crash. Some of the reasons the markets could crash include tax regime changes, investor panic, inflation, interest rate changes, too much leverage, and speculation. The Wall Street Coin plans to correct these issues.
The aim is to boost the quality of the market by offering transparency, security, and trust through the blockchain. Today, just 10% of all stocks traded are based on the actual value of a company. The rest of the transactions are based on something extra. In short, real value has been cast aside in the current situation.
Issues Wall Street Coin Seeks To Solve
One of the issues the Wall Street Coin will solve is lack of speed. Today, a single transaction on stock exchanges can take as long as three days. By then, market conditions may have changed. This would mean you might purchase something today only for it to become worthless upon processing.
The other issue is losses due to lack of transparency. Today a broker will sweet talk an investor into trading in a company, despite the fact that they know it offers no real value. At the end of the day, no matter who buys or sells, the broker still makes money.
The Wall Street Coin WSC Token ICO Details
- Token Name: WSC
- Price: 1 WSC = $0.5
- Start: March 25, 2018
- End: April 25, 2018
- Price 1 WSC = $0.6-$0.9
- Stage 1: April 25 – May 10
- Stage 2: May 10 – May 25
- Platform: Ethereum
- Currency Accepted: BTC, ETH, LTC
- Minimum investment 0.01 ETH
- Soft cap: 2,000,000 WSC
- Hard cap: 70,000,000 WSC