AVAL - CRYPTO BILL OF EXCHANGE
The first decentralized system of subsidized settlements based on the classical model of circulation of bills. Payment of bills has been accepted in all developed countries of the world. We took the basic rules and added the modern technology of decentralized systems.
AVAL is a crypt bill of exchange for settlements between individuals and legal entities of any country except the United States and China.
AURCOIN - operating token for the organization of the subsidized settlements system
Apply to receive AVAL. The maximum amount of AVAL issued to one participant is $ 50,000. We will transfer AVAL to your accountEthereum . No identification is required to obtain a crypto-account, your data only corresponds to your account number in the crypto-wallet.
STEP 2. AVAL - WORK AND POSSIBILITY
Your account will have AVAL, which you can split and transfer to your creditors as a form of settlement for any obligations. The lender must also transfer the AVAL received from you to his lender. AVAL will not be accepted to pay taxes, but we have a solution for you - you will pay taxes.
STEP 3. REGISTRATION OF PARTICIPANTS
All data on AVAL transmissions will be publicly available. All participants will see the settlement volumes and account numbers of participants. We will keep a record of the ultimate avalanche holders. The recommended chain for closing settlements is from 50 to 100 participants
STEP 4. THE CLOSURE OF TURNOVER
After passing through the settlement chains, the final holders can present AVAL for repayment to us - we will pay the money. AVAL can also be exchanged for AURCOIN and sold at the market price on the stock exchange. The choice of how to proceed is given to the final holder.
The subsidized contribution ensures repayment of AVAL to the final holders. Subsidarity of the system is the main condition for the work of the project. For understanding, let's give an example of how our project works. The company "Asset" receives from AVAL in the amount of 1 000 000. 1 AVAL= 1$. To receive AVAL, the company "Asset" transfers us 1% of its value, i.e. 10 000 $. The Asset then negotiates with its creditors and, with their consent, transfers the required amount AVAL. So begins the chain of settlements. Everyone in the chain pays a 1% subsidy fee. If the chain consists of 100 participants, then 100% of the value of the Aval denomination, which was issued at the beginning of the chain, is collected. Further, the final holder can exchange his AVAL for 90% of the collected as a result of turnover of subsidized contributions. We get 10% for the organization and control of the project. The circulation of the issued bill ends. There will be cases when the chain will be closed on 10 or 30 user and respectively to gather not 100% of subsidized contributions. In this case, we will provide the opportunity to cancel the calculation of the entire chain and return the subsidized contributions. It is also possible to arrange an agreement to close the chain for 10 or 30 participants without the return of subsidized contributions. Please note that AVAL unlike classical bills can be divided into any amount. For example, they took 1 000 000 and launched for the calculation of 3 creditors of 300 000 and could not transfer the balance of 100 000. Your creditors have yet to break up the AVAL and they still have unused AVAL. Our system will be able to track all balances, all chains and make payments to the final holders in proportion to the payments. The core of the accounting system for all chains, balances, fees and settlements is our product, which we have already launched and tested in the test network.
AVAL and treat the project with due responsibility. Please do not request AVAL without a real need. Be sure to download the instructions in PDF format.
Our project for people and organizations has minimal knowledge in the field of economics and rights.
AVAL - CRYPTO BILL OF EXCHANGE
2022, we will launch licensed emission centers in Europe and Asia. Unfortunately, we are not working with the USA.