ABLE: The New Era of Crypto Finance

adebits (11)in #blockchain • 6 years ago

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The ABLE project is a Blockchain styled bank with a mission of creating a completely decentralized blockchain bank and asset management which will be powered by smart contracts.

Source

It will create a solution to problems with traditional bank lending-deposit spreads, and nontransparent and centralized cryptocurrency financial services, basing the solution on the transparency and reliability of a blockchain system. The ABLE project is the cryptocurrency-specific financial solution that provides cryptocurrency financial products through person-to-person loanmatching systems and decentralized exchanges.

The ABLE project aims to develop a matching engine which will directly links investors and borrowers on a peer-to-peer basis eliminating intermediaries. This will give both investors and borrowers an opportunity to determine the terms of the loan and its interest rate, with this investor will be able to receive higher interest rate while borrowers can also lend money at lower rates, creating a win-win scenario for both party.

The project will also apply decentralized blockchain technology to financial and wealth management features by directly linking demand and supply through an account on a peer-to-peer basis. It will also build an in-house decentralized exchange(DEX) which will evolve into a platform on which to develop and use smart contracts for finance and wealth management services.

ABLE PROJECT CORE FINANCIAL SERVICES

Investing & lending service which will include investing-lending matching engine
Payroll and Credit score/ loan service- which will include cryptocurrency salary payment service and credit scores to support loans
Simplified payment and Remittance service which will include simplified account address service and reserve remittance
Investment service which will include account-based Initial Coin Offering (ICO) investment governed by a smart contract and an account-based finance experience that encompasses, loans, remittance, payroll, and investment.

ABLE ECOSYSTEM DEVELOPMENT PLAN

The ABLE ecosystem is made up of the ABLE account which support third parties finance, wealth management, and micropayment services. Another feature is the decentralized exchange (DEX) which will store smart contracts based on various cryptocurrencies. With DEX, the platform will be able to distribute the framework to allow production of wealth management and finance smart contracts, creating an environment where a wide array of product developers can develop financial products. Thus, users can access a variety of financial products, and through API development the ABLE project can evolve into a cryptocurrency finance platform and an ecosystem enabling communication, including micropayment, with outside parties.

ICO DETAILS

Token ABLE
PreICO Price 1 ABLE = 0.002 USD
Price 1 ETH = 320,000 ABLE
Bonus Available
Bounty Available
Platform Ethereum
Accepting ETH
Minimum investment 0.5 ETH
Soft cap 10,000 ETH
Hard cap 25,000 ETH
Country Estonia
Whitelist/KYC KYC & Whitelist

CONCLUSION

The ABLE project is one of the unique project out there which aim to bring better digital banking services on the blockchain. The team is made up of more than 30 professionals who are working both they and night to make sure this project is successful, you can learn more about the project by visiting here .