Hi friends, today I want to introduce you to a very interesting project called ABLE. Let's try to briefly get acquainted with him and find out what he is.
The project ABLE offers to solve the problem in the credit environment by means of decentralized blockchain technology. By developing a matching mechanism that connects investors and borrowers. Based on this, the project directly connects investors and borrowers without any intermediaries. Since intermediaries are eliminated, interest rates on cryptocurrencies will be determined by mutual agreement between users in the free market, these rates will serve as the market interest prices. Investors can receive higher interest rates than in a centralized market, while borrowers can lend money at lower rates, creating a win-win scenario. Since the investment and lending is carried out under the management of smart contracts, the project will eliminate the exposure of managers, moral risk and the risk of hacking the Central server. Current cryptocurrency banking services provide deposits and loans separately, rather than connecting depositors and borrowers. Services have shortcomings, such as the inability to provide high interest rates on deposits in a sustainable manner. Such services cannot mitigate or eliminate mediation risks, as their structure is based on a centralized model. On the other hand, a capable project immediately connects consumers, mainly through accounting, activities such as payroll and smart contract-based investments.
Very clear and understandable idea of blockchain application in the project. This is not the first company that wants to become a new Bank for people. Using crypto technology. But you will agree to the present day very few projects have been able to develop this area. I think ABLE has a lot of potential.
In General, the project is not only a credit platform. It is a familiar Bank with all its functions. Only not subject to anyone and has the safety of the block chain. I see in this project a logical transformation of the banking system. It should be like this now in the era of digital technologies.
The project will allow everyone, without exception, having only an account on the site to use its product. You can invest to make a Deposit to take out a loan.
Knowing how fast the popularity of this market is growing. The growth of this product does not make you wait.
I like the project team. Its main faces are very influential and strong representatives.
It is also important that the project is aimed at the Asian market and he as we know loves good projects and generously invests in them
I think this project will fall into the hands of large funds at the stage of private sale. But who knows, maybe we will be able to participate in its ICO
Get acquainted with the project ask questions in the chat of the project. Stay tuned for updates and news. I will tell you more about this project in another article. About until read the white paper. There's a lot of interesting
Official Site: https://www.able-project.io
White Paper: https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
Telegram Groups: https://t.me/ABLE_Project_EN
ANN Bitcointalk: https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
ANN Bitcointalk Bounty: https://bitcointalk.org/index.php?topic=4450204.0
My BTT: https://bitcointalk.org/index.php?action=profile;u=1300560