Join the movement for more decentralized fashion (DeFash) and bring power to the people.
AlloCoin (ALLO) - the Fashion Coin- is a BEP20 token on the Binance Smart Chain (BSC).
We created AlloCoin to not only enable the transfer of tokens between members of our community, but also to facilitate the transfer between different blockchains like Ethereum, Polygon and Binance Smart Chain once the coin reaches the open market.
We chose to be on the BSC for this reason and others, including:
It is more ecofriendly
The service it offers is not only more cost-effective but also more environmentally friendly.
Compatibility with other Chains
The compatibility of BSC with EVM compatible chains like Ethereum or a faster blockchain like Solana helps simplify the listing of tokens on top exchanges.
It also supports one the most popular DeFi wallets - Metamask.
Borderless DeFi means, when a BEP20 token, like ALLO, is launched, it can easily be moved around.
Performance suitable for mass adoption
BSC utilizes Proof of Staked Authority (PoSA) consensus. The algorithm uses 21 validators and is capable of producing a new block every 3 seconds. This provides DeFi platforms, like AlloFlare, with a high-speed infrastructure required to compete against traditional software-based lending or borrowing apps.