Shareslake

An open by default blockchain-based stock market that rewards companies for each transaction of their shares and does not charge investors.

Shareslake is focused on transforming the current stock markets, providing funds to companies for each transaction of their shares, and making investment commissions free. All that 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 (RED – Redeemable) which is designed to be exchangeable by real securities, goods, and services that exist beyond the blockchain, breaking the barriers with the real world. That gives a real value to the RED coin since it can be exchanged by something that potentially produces more value (actual securities), so it IS NOT another speculative cryptocurrency.

To get that, the Shareslake Network protocol is constantly providing funds to those companies that provide RED with 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 RED, so RED can be exchanged for something that potentially produces more value.

  2. Usability: They accept RED as payment for their products or services. Providing RED with a more common utility apart from buying securities.

On the other hand, investors can buy stocks for free (zero fees). So the Shareslake network makes investing accessible to everyone, no matter the capital level. This is possible because there are not any intermediaries, investors are directly connected to the market.

A new financial ecosystem is created around the Shareslake network. This is possible thanks to the fact that the shares are issued directly on the network, which opens an infinite range of possibilities either for public or private companies.

Network

The Shareslake network is a Cardano-based network. It is live since April 25th, 2022.

Exchange

The Shareslake exchange is used to trade stocks in a transparent way. Each trade provides funds to the underlying company without charging the investors involved.

CashOut

The Shareslake Cash out system allows companies to sell products using RED while selecting if they prefer to received funds in RED or fiat.

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