Shareslake’s long-term vision is to transform the current stock markets, providing extra funds to companies, with total transaction transparency, where everyone can connect to the market and have the exact same view of the market as the rest.
Shareslake provides its own coin (Redeemable – RED) which is fully collateralized and is designed to preserve people’s purchasing power over time, never worry again about losing savings due to inflation. Redeemable is exchangeable by real securities, goods, and services that exist beyond the blockchain, breaking the barriers with the real world.
Redeemable IS NOT another speculative cryptocurrency, it is fully collateralized by a US dollar reserve, so its value depends on the reserve state.
The Shareslake Network protocol provides funds to those companies that help Redeemable to have investment capabilities and usability. In other words, the companies that fit the following conditions:
1. Investment capacity: Their shares are issued directly into the Shareslake Network, providing their owners full investor rights. Those shares are bought using Redeemable, so RED can be exchanged for something that potentially produces more value.
2. Usability: They accept Redeemable as payment for their products or services. Providing RED common utility.
Having company shares directly issued into the Shareslake network offers an infinite number of possibilities for companies of any size, and also allows the creation of a new financial ecosystem.
Companies will be able to easily manage their financial processes, from shares management to product sales thanks to the Shareslake Network and Shareslake Ecosystem tools.
Find here some common doubts we receive
Shareslake is more than the Redeemable coin. Even though Redeemable is a new concept of coin categorized between stablecoins and normal coins, Shareslake was conceived to serve as a new way of funding companies and trade their shares in the long term. The Redeemable coin will serve as the base coin to exchange those other assets that will live inside the Shareslake network. Indeed, in the Shareslake's origins, Redeemable was just another speculative coin, but it was changed in order to attract institutional capital and increase its usability, isolating companies from the common volatility of the crypto markets.
The only way of protecting against inflation is by investing the money. Investing the money requires to lock it on some security. Using Redeemable you will be protected against inflation, preserving your purchase power, while you can still spend the Redeemable. In short, you will be protected against the inflation without locking your funds.
As you probably know, Redeemable started as a normal token. Then, some major changes were done in order to collateralized it to eliminate its volatility making it much more usable. Since the Redeemable never reached a value of $1, Shareslake will cover the difference and add it to the reserve so the initial 1:1 peg with the US dollar is maintained.
We created a bridge to move the old Cardano tokens to the Shareslake network. The detailed steps can be found here: https://docs.shareslake.com/bridge.html
The documentation as well as a repository with some script to semi-automate the process can be found at https://docs.shareslake.com/pool-deployment.html
We became the first Cardano fork on May 1st, 2022. Thus, adding a stake pool to the network is really similar to adding a stake pool in Cardano.
Adding your stake pool allows you to earn Redeemable every 3 days period, every epoch.
To facilitate the process, we created a repository containing all the required information step by step and also several scripts that will help you to deploy the pool semi-automatically.
For more information see: https://docs.shareslake.com/pool-deployment.html
This is an approximated roadmap that is used as reference of the project advances. Our team strives to meet the following deadlines, but they may not be exact.
We are finishing a dashboard to interact with the reserve.. Available soon!