Allcoin is a global digital currency exchange platform owned by Cascadia Fintech Corp. Headquartered in Vancouver, Canada, Allcoin was listed on the Canadian Securities Exchange (ticker symbol "CK") on September 12, 2013. The digital asset trading platform officially launched in April 2016, and the company registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), a Canadian government agency, in April 2016, obtaining a Money Service Business license. Allcoin has engaged Manning Elliot LLP as its auditor and Dentons as its legal advisor. Allcoin strictly complies with relevant Canadian laws and is subject to regulation by financial regulators.
Allcoins core management team members are graduates of prestigious universities such as Peking University, York University (Canada), and the University of Hong Kong. They have held positions such as Director, Chief Financial Officer, Vice President, and Chairman at companies including the Bank of Montreal, PricewaterhouseCoopers Hong Kong, publicly listed companies in the United States and Canada, multinational venture capital firms, and securities and fund companies. They possess extensive experience in cross-border wealth management, audit consulting, financial management of publicly listed companies, financing and mergers & acquisitions, venture capital, securities trading, and equity investment.
We have industry-leading technological capabilities and are committed to the development of the digital currency industry. Our goal is to provide a safe and free trading platform for all digital currency enthusiasts.
Allcoin Exchange Platform Token
Allcoin officially launched its trading mining mode on July 12, 2018, and its platform token ALC was listed for trading on July 13, 2018. According to official announcements from Allcoin, 1 billion ALC tokens will be issued, with 51% allocated for mining and 49% unlocked in sync with the mining speed. The 49% allocation breakdown is as follows: 30% for technology development, 15% for operations and marketing, and 4% for strategic partnerships.
In terms of mining rewards and dividends, Allcoin stipulates that during the trading mining period, all trading fees incurred by users participating in trading mining will be converted into platform tokens at a certain ratio and returned to trading users at a 100% rate. Additionally, holding ALC entitles holders to a share of 80% of Allcoin platforms daily trading fees, proportional to their ALC holdings.
Allcoin officially commenced trading mining on July 12, 2018, at 3:00 PM. The first ALC return is scheduled for 4:00 PM (UTC+8) on July 13, 2018, covering ALC mined from pre-mining until 11:59 PM on July 12. Subsequent ALC returns will be processed the following day.
