ALMbank - Ethereum-based Cryptocurrency Platform

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly known. In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers. In case of decentralized cryptocurrency, companies or governments cannot produce new units, and have not so far provided backing for other firms, banks or corporate entities which hold asset value measured in it.

In cryptocurrency networks, mining is a validation of transactions. For this effort, successful miners obtain new cryptocurrency as a reward. The reward decreases transaction fees by creating a complementary incentive to contribute to the processing power of the network.

Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.

ALMbank is an Ethereum-based cryptocurrency platform that will be the first ever barterbacked labor pool; which focuses on startups, ICO’s, charitable works, and dream projects. We will be able to fund otherwise un-fundable projects through the use of sweat equity, in conjunction with a meritocracy-based project-exposure system. You can think of it as a highend job market that will have a meaningful cultural impact on business models of the future.

We are creating a platform where people will be encouraged to do work for coins and spend coins, but mostly as a means for real world production, instead of as a purely trading-based platform. This will create a sustainable demand for a currency, which can eventually be backed by dollars/silver, to the tune of thirty percent; thereby creating a stable/sustainable, growth-oriented micro-economy.

The increase in market cap has led to interest from a range of investors, both small and big. All of these investors are flocking to cryptocurrency similar to a modern-day gold rush.

The rise of the altcoins, which are alternate coins (other than bitcoin, such as Ethereum, Ripple, Litecoin, etc.), have been responsible for an estimated $57 billion dollars increase in total market cap since Q4 2016, exponentially adding to the growth of the crypto-space.

We employ people by finding them meaningful jobs! We offer freelancers a place to showcase their skillsets for no cost. We help ICO’s build high level and functional teams. These services fund our charitable marketplace, a first of its kind in the world.

ALMBank is breaking the mold between profit & non-profit to create a business that pays people to create a self-funding charitable economy. We’re developing meaning and sustainability for the crypto community, along with building a one-stop shop for anyone looking to hire within crypto.

The Platform

The ALMbank Platform will be a medium for charitable deeds to be fulfilled, for startups to find a place to thrive with no money down, and a meaningful job market for people to build larger dreams out in the world. The platform will provide a truly free world wide economy for people looking to bring their services into the crypto marketplace. We will also offer continued training, via our youtube educational series along with personal development programs of many size and shape. We will be the first to offer a truly flat rate, one time hiring fee system, that will get around the whole
20 percent headhunter model, which has crippled longterm hiring budgets in the past. Instead, people pay once for a new hire, then work with them as long as they want. Fees will be reasonable and well defined for all parties to ensure trust amongst our user base.

Using the platform, you will be able to:

Hire amazing professionals.
Barter with those professionals for their services, or just pay them in Alm tokens.
Submit charitable requests to be fulfilled in your local/digital communities.
Hire amazing teams to assemble new and innovative crypto projects.
Fund those same charitable requests by merely participating in our marketplace.
Vote on amazing world dream projects, which will find joint/community funding.
Decentralize goods distribution during disasters, using the mapping systems we used for rescue work during Hurricane Harvey. The site we were using for goods was houstonhelp.

Many measures will be planned and taken to ensure fairness for investors such as the provision of historical and current data that be provided to investors transparently on the platform.

We will be backing the platform to the tune of 30% of total funds raised by gold, silver, and fiat. These methods will ensure that, no matter what happens to the cryptomarkets, we will always be able to rebuild in some form or fashion based upon the trends of the time. These deposits will be verifiable via monthly ledger viewings via Skype/Facebook live, or posted in a documented form via public keys on our website for investor viewing. We firmly believe that, because cryptocurrency is currently so volatile, the entire system should not be crypto-based due to the possible large shifts in such a thin marketplace.

The main investments of the platform will be stored overseas in St. Lucia, until the legal ramifications of the system are addressed within the United States (basically after the rulings come down for ICOs). Being that we are a for-profit charitable service, the legal hurdles are costly and time consuming, but it is worth it to reinvent the job-marketplace culture long-term.

Business Model

To gain membership into our crypto-platform, there will be no upfront costs. Instead, there will only be service fees charged when you are fulfilling paid tasks on the platform. Startups will be allowed to barter for labor. We will only take a 3-9 percent fee for administrative costs and to keep the platform sustainable. We will also launch our platform fee-free, to give people a chance to get used to us, before we start charging for an unknown commodity. At checkouts, people will be given the option to donate additional tokens to our platform, if they are happy with our platform and services.

Our nominal fee is much less than what they would pay to hire a headhunter or someone to arrange such a deal on the outside market. Our lower fees will maintain our viability in the marketplace for the immediate future and give smaller online startups a form of tax haven, as no real money is changing hands, just digital currency (which has yet to face regulation). This lack thereof regulation is another big boon to our business.

In total, 30% of the tokens are being offered in the presale and crowd sale for a discounted rate. The funds raised will be used for platform development, marketing, and developing security features. Additional tokens will be sold at the platform launch for a marked-up price. To attract new investors once the platform is launched, a limited period may be allowed for investors to demo the platform for free.

ALMbank platform features

Current Job MarketPlace Woes :

The current buzzword in business is bitcoin and blockchain. This growth can be seen from the increase of users in bitcoin-based companies such as blockchain.info. Furthermore, the increasing number of users willing to invest in blockchain technologies and cryptocurrencies has led to an increase in small, informal trading groups and technological consortiums. Several of these are handled under pseudonyms and are not regulated by a platform. None of this labor is really organized outside of Reddit or regular forums, but more developers are swarming in by the second. There is no easy way for people to access the cryptocurrency job market or labor pool without doing some serious digging.

Services will include :

The leading job market for cryptopian people - think that Upwork meets LinkedIn but for less. This is a barter system with instant transactions. Our tokens are easy to exchange for long hours of work. Pay crypto for whatever work needs to be done and no longer need to convert cash or hide from freelancer platform fees.

ALMBank presents the most feasible way to recruit the best industry for your new idea, ICO or concept. People can be hired at a reasonable one-time fee and work on the same day. Our platform will have enormous depth for the working crypto professionals.

We provide the ability to work on charity projects submitted by users paid by our non-profit charities for charity.

We create a way for the crypto community to build big dream projects, through community up-voting. This vote ensures that solid projects go to the top as only members can vote.

For long-term vision, we will have a list of member-supported dream projects, where our charitable fund can support one big dream project per year.

Roadmap

Pre/Crowdsale

The presale is necessary to distribute tokens, to gain product development, to promote awareness of our business, and to gather startup funds. During the presale, ALM tokens will be sold at a discounted rate, while they will be marked up during the crowd sale and platform launch. There is a 99,999,000 cap to the number of ALM tokens generated; however, the number of ALM tokens generated in the crowd sale and presale combined will consist of no more than 30% of the total AALM tokens inexistence.

Token Sale

Token contract will be based on OpenZeppelin library. Token will be compatible with ERC20 token standard. During ICO token will be mintable. After end of the crowdsale no more tokens will be minted. During ICO token transfers will be only allowed to Founder.

ERC20 Token Parameters

Name : ALM Token

Symbol : AALM

Decimals : 18

Pre-ICO Details :

During Pre-ICO maximum amount of 19,999,800 AALM will be sold. Payments in BTC and ETH are accepted to address:

BTC: 16jebja98Ey8pa6y6ir4kSMqaui9cY5FDb
ETH: 0x6b3c5C503A9987D56395e71FA3cA011D095Ef72d

Pre-ICO Start Date Dec 28, 2017
Pre-ICO End Date Jan 13, 2018

Price for tokens purchased during ICO with ether is: 1 ETH = 2000 AALM. Price for tokens purchased with BTC will be determined according to median ETH/BTC rate at the date of purchase.

ICO Details :

Price without bonuses: 1 ETH = 1000 AALM
ICO start date : Jan 28,2018
ICO end date : Feb 28, 2018
Tokens available (Hard Cap) : 99,999,000 AALM (tokens sold on Pre-ICO included)
Tokens reserved for Founder : 10% (999,990 AALM)

During ICO there will be 3 types of bonuses :

Time bonuses for early payments
Bulk-purchases bonuses.
Referral bonuess, both for the referrer and the person they referred

Payments will be accepted to crowd sale contract address, which will be published on the web site before the ICO begins.

Time Bonus

At the start of ICO, the time bonus will be 15% and it will be linearly decreased to zero by the end of ICO. That is, if the ICO is started at timestamp S and ended at timestamp E, for any transaction that mined in a block with timestamp T, time bonus TB will be determined as : TB = 15 * (E - T) / (E - S)