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.

 

AURCOIN

Operational Token For AVAL

 

With the help of the AVAL bill of exchange, you can pay any debts to legal entities and individuals. No loan agreement is required to obtain a loan, no guarantors are needed, no verification of the recipient is carried out. You may receive an AVAL and transfer it to another person as a settlement of debts or as a guarantee for the supply of goods or services. AVAL can be obtained by any denomination and divide it as needed into different denominations on their own.

 

SUBSIDIARY CONTRIBUTION TO ENSURE LIQUIDITY

 

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. 

 

 

HOW TO USE CRYPTO BILL OF EXCHANGE - AVAL

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.