ABLE: DECENTRALIZING THE CREDIT SYSTEM

The blockchain technology ain't a new topic in today's world, and the main reason for its creation was to eliminate intermediaries within transactions and while it has successfully penetrated various industries fulfilling its purpose there is one yet stubborn in the face of progress.

The traditional banking system borrows and gives out loans the same way it did 1000years ago. Let's take a moment to analyse how banks make the majority of their profit. They collect monies from individuals at a low-interest rate and lend these monies to individuals at outrageous interest rates. Banks make 80% of the revenues through this unfair, unbalanced credit system. It results in low interest for lenders for credit they give out and high interest for borrowers for credits they collect. Truth be told the banks makes all the money for really doing nothing. YES, NOTHING.

Another problem with the credit industry is that it's restricted to a geographic region alone, for example, I can't be in Canada and get credit from Africa.

The internet alone could not disrupt this industry, but with the Blockchain technology ABLE is going to transform this Industry.

WHAT IS ABLE

ABLE is a decentralized platform for financial services with the aim of eliminating intermediaries between investors-borrowers by providing a peer-to-peer matching engine for investors and borrowers.

This structure eliminates the huge margin collected by banks and let investors and borrowers get better rates. The ABLE platform will inevitably lead to higher interest rates to investors while borrowers, in turn, get lower rates.

On the ABLE platform, the user will have an ABLE account which supports wealth management, micropayment services and third parties finance. One great feature of the ABLE platform is the Decentralized Exchange (DEX) which will store a smart contract based on various cryptocurrencies.

Users will be able to utilize the ABLE API to access a variety of financial products.

ICO DETAILS

Token ABLE

Pre ICO 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

USEFUL LINKS
Project Website

Whitepaper

ANN Thread

Telegram Open Chat

Blog

WRITER:

Bitcointalk Username:Jivwe

Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1718700

Telegram: @jivwe1