It's no secret that many people now use the services of financial institutions that provide bank loans. For some, lending is an opportunity to get the desired material benefits, for others - a way to earn money is simple and easy. Unfortunately, banking institutions offer unfavorable conditions to customers who hide payments, interest, etc.
Existing banking services, associated with cryptocurrency assets, provide separate deposits and loans, they do not provide a direct relationship between depositors and borrowers. This service has a big loss. For example, they cannot provide high-interest rates on deposits. Such services cannot reduce or eliminate intermediate risks, because their structure is based on a centralized model
The ABLE project is primarily a financial platform created for the purpose of conducting operations for the exchange and implementation of current financial services and operations with intellectual property contracts. This is a platform that represents a new format for cryptocurrency banking systems. By its nature, the ABLE Project is a decentralized bank based on blocking technology. The nature of blocking directly connects indicators of demand and supply through user accounts. All operations are peer-to-peer, meaning that each operation will only be valid in accordance with existing smart contracts
What will the ABLE project give to the modern financial sector?
After the adaptation of the ABLE cryptocurrency area, the need for banking services will be completely eliminated, because now all credits, as well as investment transactions will be concluded using smart contracts in P2P format. By the way, this contract is a digital analog of a real financial agreement. Unlike this contract, smart contracts are executed automatically, because when they conclude they become part of a chain of blocks that can not be changed.
Advantages of the ABLE platform
ABLE is a new decentralized platform based on blockchain technology that will bring together lenders, people who want to benefit from deposits and want to get loans on favorable terms. Among the advantages of ABLE are as follows:
- Each participant of the platform will be able to receive funds with credit, passing banking institutions that offer credit conditions that are too unfavorable to customers.
- Loans that the participants will give to each other will have a fairly loyal interest rate, which will inevitably be lower than in any bank. There will be no rental fees, bank salaries and other bank expenses, which they usually like to shift over their customers' shoulders.
- All transactions will be conducted on the basis of mutual trust from participants. Choosing a lender, you will be able to receive information about him, which confirms his integrity and honesty.
- This system guarantees not only the security of each transaction but also the security of all data that will be stored by participants in the system. Innovative technology makes it possible to ensure that it is virtually impossible to damage the system, which is not true with similar traditional bank databases.
Sales Token !!!
The platform is planned to use two types of tokens, ABLE Coin and ABLE Dollar. With the help of ABLE Coin, you can pay a service fee, ABLE Dollar will be used to pay interest. Coins can be exchanged between them. The developers will release 25 billion ABLE Coin and 1 billion ABLE Dollars, the next unpublished coin edition. The network consensus algorithm is based on proprietary evidence (PoS), which has a number of advantages for investors.
In total, it is planned to sell 60% of ABLE Coin in ICO, which is 15 billion coins. Of the remaining coins, 15% will go into reserves, 10% will be taken by team members and funders, 5% will be given to marketers and strategic partners. For 1 ETH you can buy 40 000 ABLE Coin.
It has now passed two stages and two stages of pre-sale from sales for Koreans.
There are two stages of selling in line, where tokens will be sold to everyone:
- The first phase will be held from 27 June to 10 July, the price of one token is $ 0.00205. Hardcap - 4 000 ETH, tokens maximum 12.7 million tokens.
- The second stage will be held from 16 July to 10 August, the token price is $ 0.00215. Hard cap is 11,000 ETH, will sell 33.5 million coins.
To buy coins, it is possible to broadcast and bitcoin. The minimum investment is 0.5 ETH, no maximum limit. Coins will be distributed by the end of August. Among investors in Korea, the project is popular, the hard cap rounds of the ICC are usually achieved in some wheels
Roadmap
Team
Conclusion
Applying blockchain technology over several financial services, such as the use of cryptocurrency, real-life coin storage and investing in cryptocurrency, the ABLE project will create a system that can really be called a new step in the development of both banking industry and blockchain in general.
Given all the advantages described above, the ABLE project has set a goal - to provide users with an exceptional user interface, while increasing the value of ABLE.
Using blockchain technology, ABLE intends to integrate all financial decisions that are currently scattered across markets into one system. Offering solutions to existing bank problems and alternatives to centralized deposit lending systems.
The essence of the ABLE project (investment P2P and credit system) is very important, as it creates a personalized account for cryptocurrency assets. The existing solutions for micropayment and funds have many drawbacks due to the lack of integrated accounts, and users have significant problems using this solution. In an integrated system, additional solutions will be made to provide various services to users through accounts created for them.
So summarizes the ABLE project if the readers still lack the information I want, please click on the following link:
WEB SITE: https://www.able-project.io
TELEGRAM: https://t.me/ABLE_Project_EN
WHITEPAPER: https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
BOUNTY THREAD: https://bitcointalk.org/index.php?topic=4450204
FACEBOOK: https://www.facebook.com/ablecoinproject/
TWITTER: https://twitter.com/Ablecoinproject
MEDIUM: https://medium.com/@ableproject
LINKEDIN: https://www.linkedin.com/company/13661933/
YOUTUBE: https://www.youtube.com/channel/UChRc3KUemnVI-riPFAIOntg
REDDIT: https://www.reddit.com/r/ABLEproject/
GITHUB: https://github.com/kblockchain/
Author
UserName: Rumayanhi
Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=1826382