ABLE SYSTEM: APPLICATION OF BLOCKCHAIN TECHNOLOGY TO TRADITIONAL BANKING SYSTEMS

CONCEPT
ABLE network uses the blockchain technology, completely reliable and decentralized, to proffer solutions to the problems of the traditional systems of banking and the financial services of a centralized cryptocurrency.
ABLE pass through three development stages: development of the ABLE account, development of the ABLE decentralized exchange (DEX) and creation of a dedicated block chain network.
It connects users directly, through an account and the financial activities it enables, are based on smart contracts.
The network operates on a decentralized exchange (DEX) to share it’s framework and permit wealth management and finance smart contracts to be produced, enabling an environment where a large display of product developers can make financial products. Accessibility of investment products is made possible through the ABLE account and their development by users is possible through the usage of templates and various frameworks of smart contracts.

AIMS
To enable the application of a completely decentralized block chain technology to attributes of wealth and financial management; to, through an account, connect demand and supply on a p2p basis and create reliability in the system.
To evolve into a platform after building an in-house exchange that is decentralized (DEX) in order to develop and utilize smart contracts for the services of finance and wealth management.
Watch the YouTube presentation below for a view of what ABLE entails;

CHALLENGES AND SOLUTIONS
The bank, serving as a third party between a lender and a borrower, enables it to attach a high interest rate while lending, and a lower rate while receiving deposits. These, at the helplessness of a customer, helps a bank profit.
The crypto world’s integrated solutions limit a user from enjoying several banking services and those based on a Centralized structure, are prone to hazardous morality of managers and malicious attacks on the servers due to high interest rates and the use of traditional services.
Using a decentralized block chain technology to tackle these challenges, ABLE will use the peer-to-peer (p2p) technology where users can effectively and efficiently communicate without the interference of any third party, creating a scenario where both parties wins the rates will be mutually determined by them.

BENEFITS
Using a decentralized platform for financial businesses eliminates risks prevalent in the operations of a bank.
The financial experience ABLE offers encompasses loans, remittance, payroll and investments controlled by a smart contract.
The project reduces volatility and aids establish stability in the crypto market by leveraging on the p2p basis to increase trading volumes and liquidity.
The ABLE application shows how to make money transfers, establish an account, and utilize products that are designed based on smart contracts and enable delivering of users' requests to the framework.

THE TOKENS
The system makes use of two currencies to ensure the smooth running of the network.
ABLE coin and ABLE dollar. The former is used as a charge for utilizing the services of the system while the latter is used for paying for interests and both, can be exchanged.
Initial publication: 25,000,000,000 ABLE
Public Sales: 15,000,000,000 ABLE 60%
Silent 3,750,000,000 ABLE 15%
Team Incentives: 2.500.000.000 ABLE 10%
Basic: 2.500.000.000 ABLE 10%
Mitra Martketing & Strategy 1.250.000.000 ABLE 5%
Accepted Currency: ETH

For more insight about the project, click the links below;
Website: https://www.able-project.io/
Whitepaper: https://www.able-project.io/data/AB_whitePaper_Chn_180502.pdf
Telegram: https://t.me/ABLE_Project_EN
Twitter: https://twitter.com/Ablecoinproject
Youtube: https://www.youtube.com/channel/UChRc3KUemnVI-riPFAIOntg

Writer: oly4life
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=1577997