ABLE PROJECT : DECENTRALIZED CRYPTOCURRENCY PLATFORM

INTRODUCTION 

Existing cryptocurrency  banking services provide deposits and loans separately rather than  linking depositors and borrowers. The services have shortcomings such as  inability to provide high deposit interest rates in a sustainable way.  Such services cannot mitigate or eliminate intermediary risks because  their structure is based on a centralized model.

Based on above  situation, The ABLE project goals to apply decentralized blockchain  technology to financial and wealth management features; to directly link  demand and supply through an account on a peer-to-peer basis; and to  establish a reliable system (ABLE account). It purpose subsequently to  build an in-house decentralized exchange, and then to evolve into a  platform on which to develop and use smart contracts for finance and  wealth management services.  

The ABLE project would  create a platform that enables cryptocurrency based financial activities  to center around the ABLE account, emanating from the fact that banking  activities are carried out primarily through bank accounts. Users  request deposit and loan interest rates through a matching system,  eliminating the lending-deposit spread by directly connecting users on a  peer-to-peer basis. The ABLE project supports decentralized  cryptocurrency and provides decentralized exchanges wealth management  services through smart contracts. In the future the project aims to  evolve into the ABLE Ecosystem through its integration with external  systems, including simple payments.

The ABLE project allows both depositors and borrowers to make a deal on the proposed interest rate without an intermediary.

 ABLE PROJECT FEATURES 

 THE ABLE PROJECT ROADMAP 

 

CONCLUSION
With  applying blockchain technology to several financial services, such as  using cryptocurrency, depositing cryptocurrency coins in real life, and  making investments with cryptocurrency, ABLE project will create a  system that meets the expectations of those anticipating the fourth  industrial revolution in this age of blockchain.

With all benefits  described above, ABLE project purpose to provide users with a great user  experience, while simultaneously allocating value to ABLE

By  applying blockchain technology ABLE intends to integrate into one system  all the financial solutions currently dispersed across the blockchain  market, by offering a solution to existing banks’ problems, and an  alternative to centralized deposit-lending systems.

The core of the ABLE  project (The P2P investing-lending system) is very important because it  creates personalized accounts for cryptocurrency assets. Existing  micropayment and fund solutions suffer from numerous shortcomings due to  the lack of an integrated account, and users have substantial trouble  using those solutions. Additional solutions will be created in the  integrated system to provide various services to users through their  account designed for them.

Please follow below links for more info about ABLE Project:

ABLE's Website | Telegram Group | ANN Threads 

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