ABLE: Applying Blockchain To Extend Finance.

aabl3zzy (2)in #able • 6 years ago (edited)

Technological revolutions and advancements have brought about innovative inventions that have to a great extent helped millions of people achieve their set goals and objectives. One major area that has been greatly affected by this revolutionary change is the area of trade and investments, trade entails buying and selling of goods and services, we are all involved in the trade, one way or another, if you're not buying, then you're selling and vice versa. Also, all this businesses and trade have investors backing it up. Sometimes, one might have the business idea but not the capital to establish it, this is where banking institutions come in, an area of issuing loans to business-oriented individuals at a high-interest rate. Anyone going into business has a major goal, and that is to make a profit. A situation whereby a business started with a borrowed loan of #550,00, and after business made #600,000, and after paying back #550,000, has an interest of #30,00 to pay, where is the profit after running expenses? This has challenges has persisted and most startup businesses have closed down. In view of providing answers and solutions to this persisting issues, the crypto-based project was invented and launched to help investors get easy access to loans and at a very low interest rate.

ABOUT ABLE
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The ABLE project will provide the solution to problems with traditional bank lending-deposit spreads, and nontransparent and centralized cryptocurrency financial services, making the solution base on a transparent and reliable blockchain system. This platform enables Cryptocurrency based budgetary activities to revolve around the ABLE record, emanating from the way that bank activities are completed, basically through banks accounts. Those who are in need of loan suggests a loan interest rates through a matching system, eradicating the lending-deposit spread by directly connecting users on a peer to peer basis. Cryptocurrency markets assist decentralized exchanges and provide decentralized cryptocurrency wealth management services through the use of smart contracts.

In pursuit of a better and more efficient system of lending, this crypto project intends to develop into the ABLE ecosystem, through its integration with external systems, including simple payments. ABLE runs a decentralized platform, eliminating the need for middlemen, this is further explained by the information below :
ABLE>>Borrower>>Investor

CHALLENGES
Before the invention of the ABLE platform, investors and borrowers have had to use the conventional lending-deposit spread by banks to get loans, this is how the bank system works :

Financial houses own business designs that are based on a lending-deposit spread, in which the bank acts as a middleman between depositor borrowers. This structure allows banks to receive deposit at low-interest rates and lend the money out at a high rate, thereby making a profit out of the revenue realized.
Existing cryptocurrency based banking services are provided. Unavailability of composed solutions in the crypto markets withholds users from experiencing diverse banking services. But all these things are going to be annulled as the ABLE platform has been proposed to provide an alternative to bank's conventional lending-deposit spread structure, and to solve problems with initial cryptocurrency banking services.

SOLUTIONS

The ABLE platform aims at solving the problems associated with conventional lending systems of banks, by applying a decentralized blockchain technology. By designing a matching engine that links investors and borrowers without the need for a middleman, with the elimination of intermediaries and lending spreads, cryptocurrency interest rates with be determined by mutual agreement between users in a free market, and the said rates will serve as market interest rates. On the ABLE platform, investors receive higher rates, than they would on the centralized systems, while the borrower can lend money at lower rates, thereby creating an all-around winning environment for both investors and borrowers. The cryptocurrency banking services provide deposits and loans separately, rather than linking depositors and borrowers together, but on the ABLE platform, investors and borrowers are directly linked together through a registered platform, that enables a variety of financial activities such as payroll and investment, all based on smart contract.

In order to give its users the best services, the crypto exchange market, aims at applying a blockchain decentralized technology to financial and wealth management features, directly linking demand and supply through an account on a peer to peer basis; and also to establish a reliable system. Which intends to fabricate an in-house decentralized trade and after that advanced into a platform on which to create and utilize brilliant smart contracts for fund and wealth management services.
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Able Token
The token available for this platform is the ABLE coin for charges payment form the system usage and the ABLE dollar for payment of loan interests.

Token Specifications
Token Symbol: ABLE
Platform: Ethereum
Total Supply: 25 billion ABLE
Soft Cap: 10, 000 ETH
Hard Cap: 25, 000 ETH
Exchange Rate: 320, 000 ABLE= 1 ETH
Accepted Currency: Ethereum (ETH)
Country of Registration: Estonia

Allocation of Tokens
Strategy Partners and Marketing: 5%
Incentive for Team: 10%
Foundation: 10%
Reserve: 15%
Crowd Sales: 60%

SUMMARY
The ABLE project has made it possible for investors to get easy access to loans at a very low rate since it eliminates the need for middlemen. Banking running the lending-deposit spread structure has been living off the efforts and struggles of businesses as a result of its high-interest rates on loans,but all of this has been annulled, as ABLE project has found a way to link directly the borrower and the investors, elimination the need for middlemen, reducing the interest rate to the lowest minimum.

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