ICO REVIEW ~ AIBB

meimewi (25)in #ico • 6 years ago (edited)

In the first six months of 2017, the cryptocurrency trade increased more than ten times. Currently, there are well over fifteen hundred different cryptocurrencies and over ten thousand different exchanges. The total cryptocurrency market reached $800 billion in January 2018 and is estimated to pass the $1 trillion mark by the end of the year.

AiBB facilitates even more growth in the cryptocurrency market by bringing together reliable trade data, news, security and public education. We want every individual involved in the cryptocurrency space empowered with the right tools and understanding of their investments on a secured, reliable and decentralized platform.

AiBB is set to be the first Ai assisted application that will grow to become a completely decentralized platform that facilitates several functions and removes the need to trust 3rd party applications altogether. Users will be able to execute trades across some of the most liquid and secure cryptocurrency exchanges, preventing the destabilization that can occur when a single exchange is forced to absorb a high-volume transaction.

BLOCKCHAIN

MODULES THAT UTILIZE A BLOCKCHAIN:

1. TOKEN SALE

The tokens used for our token sale are designed on ERC20 platform. The platform allows for fast processing speeds of transactions and greater security due to programming loop protocol. We will change to SYSCOIN’s blockchain to allow for greater numbers of transactions and improved transaction speed in the next phase.

2. TOKEN SWAP

A straightforward module which allows our users to swap their tokens with a contact within the app. The Token Swaps are time stamped and placed on the blockchain with the following information: tokens swapped, amount, wallet addresses and AiBB's unique identifier code. The users' personal information is NOT stored on the blockchain but recorded on their individual app.

3. TRADE EXECUTION

This module requires a ledger to ensure data integrity and proof of confirmation that a user has placed an order. The trades are time stamped and placed on the blockchain with the following information: trading pairs, amount, wallet addresses and AiBB's unique identifier code. The users' personal information is NOT stored on the blockchain but recorded on their individual app.

4. SMART CONTRACT CREATOR

These contracts are mutual agreements between 2 or more parties. Using the user-friendly graphical interface, agreements can be created on the fly or choose from a predefined list of contracts. The contract will be stored on our blockchain with their pseudonymous usernames, their contract terms and AiBB's unique identifier code.

TRADING VIA API INTEGRATION

Execute live trades on your current exchange directly from the app.

Using a private API key provided by the exchange, users can directly connect to their exchange without having to authenticate or login every time.

Users can trade, set buy / sell limits, exit strategies and automate trading strategy according to their risk tolerance.

This integration also eliminates the need for the user to switch between exchanges while trading and reduces trade execution time while maintaining an elevated level of security.

AiBB will be pre-equipped with the top 10 exchanges and will be adding additional exchanges based on a voting system.

HOW THE Ai ANALYTICS LAYER HELPS:

Compares historical data on the trading pairs.

Provides a risk analysis at the time of placing a trade.

Benchmarks against live trades on various exchanges.

MULTI-TOKEN SMART WALLET

The AiBB platform is dedicated to helping users make the most of their assets and increase their holding.

While the wallet space is filled with countless and intimidating options, we aim to keep AiBB simple, secure, and accountable.

The wallet modules are broken into 2 releases. V1 will hold Aibb tokens, and V2 is the multi-token wallet with the top 10 tokens. We will continue to add token wallets to AiBB based on a voting system.

HOW THIS WALLET HELPS USERS GROW ASSETS:

· Direct exchange connections

· Users get access to basic & advanced trading strategies

· Education on trading strategies

· Shapeshift and Airswap integration

· Token swap with your contacts

PAYMENT GATEWAY

BRIDGING FIAT AND CRYPTO

One of the main barriers to entering the crypto world is the transfer of FIAT currency to this ecosystem. Exchange and brokerage firms tackle this by having their user wire the funds to the firm and then wait a few business days for the funds to arrive in their account.

AiBB approaches this in a different way. We are in the process of applying for an Electronic Money License (EML) in the EU and with this EML, we are able to offer all our EU customers their own Bank accounts (IBAN). These users can send, receive, spend FIAT and we can convert crypto to FIAT though our exchange layer and depositing it into the user’s IBAN.

For our customers outside the EU, our plans are to partner with various institutions to facilitate these functions.

Send: Users can send money to any contact or bank account around the world.

Spend: For our EU customers, you will be about to spend your funds in the same manner as any bank account.

Receive: Funds can be accepted for goods and services you provide. Great for freelancers who have clients over the world.

Convert: Instantly move your funds from crypto to FIAT and vice versa.