ABLE PROJECT: REDEFINING THE CRYPTO FINANCE SECTOR THROUGH BLOCKCHAIN

acryptoqueenkim (30)in #finance • 6 years ago (edited)

INTRODUCTION
The history of financial lending and other activities has always revolved around centralized platforms.
Banks and other established financial institutions have always been the backbone of financial lending.
Traditional banks act as intermediaries between depositors and borrowers. This structure allows banks to receive deposits at low interest rates and lend money at high rates, profiting from the difference.
Also, the existing cryptocurrency-based banking services have always had unsustainably high interest rates along with high-yield deposits and loans involving intermediary risks. This has been a holdback for investors to experience diverse banking services. The introduction of the ABLE project aims to knockout all of these setbacks.

THE ABLE PROJECT
The ABLE platform is a decentralized blockchain technology that manages cryptocurrency based financial activities. It eliminates the need for intermediaries, directly connecting investors and borrowers together, and also making interest rates determined by mutual agreement between these users in a free market. The directly linking of users enables a variety of financial activities such as payroll and investment, all these services are based on the use of smart contracts.
The fundamental principle of decentralization is to share value among actual participants while eliminating unnecessary intermediaries in a given business model. This is the aim of the ABLE project. It allows users to share the value generated in their transactions without any need for outsiders or intermediaries that cut off their value rates. This encourages users to invest and dabble into various financial services provided by the platform. In future, the ABLE project will go as far as integrating with external systems, including simple payment.

FEATURES & BENEFITS OF THE ABLE PLATFORM
The ABLE System: The system enables users the use of third-party services such as micropayment, investments, loans, and wealth management, providing users with various financial services integrated around accounts. This strategy allows existing bank-account users engaged in financial activities to expand their services in more accessible ways.
√• The ABLE Account: The use of all ABLE platform services will operate on smart contract based ABLE User and ABLE Account. The ABLE user can have multiple accounts, of which will all be for different purposes.
The ABLE user manages all user data and information while the ABLE account manages all user account financial activities. Upon creation of the ABLE account, the user can transfer and withdraw money through the ABLE account and utilize various products based on smartc ontracts.
√• ABLE Cryptocurrency Economic System: This consists of the ABLE currency. The currencies are the ABLE coin and dollar. The coin is used as a service charge for using the ABLE system, and ABLE Dollar is used for interest payment and of course they can be exchanged.

Majorly, the benefits of the ABLE platform are:
 Ease of use: The platform is user-friendly and can be used anywhere in the world.
 Decentralization: It offers the use of no intermediaries, giving users good value based on their markets.
 Transparency: The system offers an open exchange where no hidden usage charges are involved.
 Security: Through decentralization, the platform eliminates all managers’ moral hazard and the hacking of central servers.
The ultimate goal of ABLE is to provide users with a great user experience, while simultaneously allocating value to ABLE through all the benefits described above. In finance, the project aims to create a systematic ecosystem and develop a better user-accessible system by applying blockchain technology to any area deemed necessary. ABLE intends to integrate into one system all the financial solutions currently dispersed across the blockchain market, by offering a solution to existing bank problems, and an alternative to centralized deposit-lending systems.

THE TEAM
Read about the great minds behind the ABLE platform here https://www.able-project.io/en/m.index.php?lang=en#team

PARTNERS AND PRESS

ROADMAP