ABLE: THE DECENTRALIZED FINANCE BLOCKCHAIN

sebastianlbj (40)in #cryptocurrency • 6 years ago (edited)

Cryptographic cash trade is all around that truly matters, the establishment of the computerized money advertise. Each tradable resource needs a market where it can be exchanged, and that is the thing that these trades do, they encourage advanced cash business by ideals of their stages advantage courses of action. Inside the universe of digital forms of money trade, there are basically two sorts of trade stage; unified and decentralized. The point of convergence of this article is on unified advanced cash trade stage. Some unified trades are the correct inverse of what they endeavor to depict to the general population; there is an immediate clash between what they speak to and blockchain values. A brought together trade (ex. Coinbase, Kraken, Binance, and so forth.) is controlled by advertise suppositions, predisposition news declarations, pump and dump of tokens. Not reasonable or then again network situated, is it? This is the
fundamental motivation behind why brought together trade that holds the enthusiasm of the network is truly necessary. In all genuineness, I have been a casualty of temperamental, predisposition declaration when I recently joined digital currency exchanging, I was scorched severally by pump and dump stations in messages, phony and channel news about coin cost or posting. These are the real issues that frequent most cryptographic money trade. Am satisfied to disclose to you that all these will be things of the past with ABLE.

INTRODUCING ABLE
Abel decentralized blockchain platform offering cryptocurrency services that combine banking and financial services with the aim of creating an avenue where different kinds of financial transactions can be carried out by removing the need for intermediaries thereby connecting investors and borrowers on a peer-to-peer basis.

The Able Project platform is created in such a way that it will provide solutions to various problems plaguing the traditional banking system such as lending-deposit spreads, lack of transparency and centralization all with the use of advantages offered by the blockchain technology that will be used to create decentralized cryptocurrencies and exchanges.

Able Projects aims on improving the lending system of traditional banks that makes use of intermediaries which cost more through the use of a matching engine that connects borrowers directly to investors on a peer-to-peer level that is advantageous for all parties with interest rates mutually agreed upon and the utilization of smart contracts powered by the Ethereum blockchain for the loan.

Several important components have been kept in place for the proper functioning of the platform and they include:
Mobile App
This medium makes it possible for both investors and borrowers to conduct their transactions on the go and from virtually anywhere in the world thereby connecting investors and borrowers globally.

Smart Contracts
Creation of several smart contracts to suit the needs of users be it in managing of deposits, loans, payment of salaries, and division while also making it possible for profits shared on the platform to be done fairly.

Able Framework
This component creates an avenue where cryptocurrency exchanges can be made between several blockchain projects.

Because of the advanced API proposed by this platform such as Public API, protected API and private API, personal data of users can processed and used to make the platform better and increase user experience.
Infrastructure

The Able Project is built on the Ethereum blockchain which is a steady foundation that allows the creation of smart contracts and decentralization. With time the Ethereum blockchain will be swapped for Able Blockchain which will have characteristics similar to Ethereum but offer more benefits.

Token Feature
The cryptocurrency created by this platform is known as the Able Coin and Able Dollar. The Able Coin is to be used in paying for charges incurred from the usage of this platform and also to be used by vendors while Able Dollar will be used in payments of interests on loans.

There are several benefits gotten from this platform that shows advantages over the traditional banking loan and cryptocurrency loan sites which are:
One of the major benefits of this platform is the removal of intermediaries as investors are connected to borrowers directly and this increases speed of transaction while minimizing cost.

All the information and private data of users as well as deposit funds are kept directly in a decentralized system which ensures tight security and improve reliability.
Reduction in interest rates for the borrowers as they will be able to negotiate with the investors on the platform.

TO LEARN MORE ABOUT ABLE PROJECT KINDLY VISIT THE FOLLOWING CHANNELS

Website: https://www.able-project.io/
Whitepaper link
https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
Medium - https://medium.com/@ableproject
Facebook: https://www.facebook.com/ablecoinproject/
Twitter: https://twitter.com/Ablecoinproject
LinkedIn: https://www.linkedin.com/company/able-bank/
Youtube: https://www.youtube.com/channel/UChRc3KUemnVI-riPFAIOntg
Instagram: https://www.instagram.com/ableproject_official/
Github: https://github.com/ablebank/
Reddit: https://www.reddit.com/r/ABLEproject/
Telegram: https://t.me/ABLE_Project_EN