ABLE: Providing Unbeatable Crypto-Finance Service
The world has evolved, in the primitive era people used to store their resources and funds in numerous ways but the advent of banks provided a revolutionary system where they could actually guarantee the safety of their funds and also get returns for keeping their funds within the system. Banks on the other hands use this funds to provide lending services for individuals, corporation, and enterprises. Today the gulf between the deposit interest given to bank customers and the lending rate for borrowers is alarming. Accessing loan from the same bank you patronize has become a herculean task not just because of the interest rates but the logistics evolved. Even keeping money in a centralized system devoid of transparency makes the banking system often questionable in terms of quality of service rendered.
The Cryptocurrency market has grown over the years, gradually mass adoption of cryptocurrency is becoming a reality. Cryptocurrency asides from being a value system that can appreciate also serves as-as means of payment and proposes a huge competition to fiat currency of today and the finance industry is gradually appreciating the efficacy of blockchain technology. Cryptocurrency has provided a sublime alternative to the traditional banking system and numerous projects have come up with lending services where individual/crypto holders can seek for loans via their cryptocurrency but most of them have rather embraced centralized structure of lending that involves deposit and loaning which proposes intermediary risk including hacks and lacks of spontaneous services. One of cryptocurrency and blockchain major feature is it decentralized system and if the current lending system provided by some cryptocurrency continue to abide, the crypto finance industry will be no different from the normal banking system and probably more risky.
Introducing ABLE
ABLE which in full means "Applying blockchain to extend finance" is a platform that seeks to utilize the efficacy of blockchain technology to solve problems with the traditional lending services provided by banks and cryptocurrency lending projects that have offered nontransparent and centralized services. The ABLE project seeks to replace the deposit and loan process with a matching process that connects users on the ABLE platform on a peer-peer basis. The ABLE platform eliminates the need for intermediaries in the lending process and utilize the decentralized feature associated to blockchain technology to create a transparent and trustless environment where interest rates are determined by the investors and borrower involved and all process based on smart contracts. Aside from lending service the ABLE platform also provides other variety of financial services namely payroll and investment to its users via their ABLE accounts. With the ABLE platform, it will be easy to access finance services on the blockchain, using cryptocurrency.
Key features of the ABLE Platform
1. Financial services: Via the ABLE account users of the platform will be able to invest/lend using the matching engine powered by smart contracts, make cryptocurrency salary payment, access credit loans based on salary payment smart contracts and make credit assessment and ratings.
2. Wealth Management opportunities: ABLE Account holders stored files on the platform can easily be used to meet KYC/AML requirements for participation in ICO and this gives easy access to credible Initial coin offering to ABLE account holders . The ABLE platform will also provide a decentralized exchange to store smart contracts of various cryptocurrencies and allow seamless trading of various assets.
3. Micropayment/ third party support: the ABLE platform will support activities such as credit card payments, mileage programs and bring other economic activities via third-party partnership into the crypto eco-sphere.
4.Able technical Architecture: The ABLE technical architecture consists of both web-based and mobile based applications and the ethereum blockchain will be used initially for managing logs and smart contracts for every operation on the ABLE platform until the development of the ABLE dedicated blockchain. 
5. ABLE coins: the ABLE projects run on a peculiar token economy powered by two currencies. The ABLE coins and the ABLE dollars. ABLE coin is used for registration (gas) fee for the registration of a new product on the ABLE ecosystem and payment of service charge on the ABLE platform while ABLE dollars will be used for interest payment on the platform and both currencies exchange rate will be used to determine the incentive structure for ABLE power conversion. Both currencies will also run on POS consensus protocol.
ABLE Coins Allocation and Token Sale Details
ABLE Coin has a maximum supply of 25 billion tokens while the ABLE dollar has a fixed supply of 1 billion tokens. 15 billion ABLE coins will be made available to the public during the token sale in order to raise funds for marketing and strategic partnership,research and development, and the overall success of the project. The token sale consists of 2 rounds of pre-sale, 3 public sale and 2 global ICO. The last Global ICO is ongoing and is scheduled to end on the 10th of August 2018.
ABLE Project Roadmap and Team
Conclusion
Like it or not cryptocurrency is here to stay, and will definitely bring tremendous change to major industries of the world but the only means of facilitating the swift adoption of cryptocurrency and blockchain technology is by creating platforms that provide superior performance, safety and transparency compared to what is obtainable in the traditional system. The ABLE project is definitely one to watch out for, with its matching system the presence of intermediaries in the Lending process is eradicated and via the ABLE account, crypto enthusiast will gain access to a wide range of financial/ wealth management services.
For more information on the ABLE project check out the following links
https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
https://twitter.com/Ablecoinproject
Authors Details
BTT name: Mrsparks
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1197564;sa=summary
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