ABLE - The New Era of Crypto Finance
As you know, the modern banking system has many shortcomings. The most important are overestimated interest rates due to the large number of intermediaries and the human factor in the paperwork.
The ABLE project was created specifically to address such problems. Developers create a unique technology for finding coincidences, thanks to which the project participants are on a peering basis, i.e. directly and will communicate between each other.
The main features of the platform:
– System for payments of loans and borrowings. There will be a technology to pay out loan in crypto currency, as well as a universal rating system in lending;
– Investing and crediting. The project also creates a special mechanism for effective selection of both investors and borrowers;
– Service of funds transfer and simplified payment. The system introduces technology of reserve money transfer and the ability to work with a simplified account address.
Salary smart contract
Labor, as a rule, is estimated by the amount of hours worked, as well as by personal productivity. The system of payment of loan will initially be associated with the assessment of the duration of work.
Credit rating
Data from the blockchain can not be manipulated. The credit rating will directly depend on the history of smart contracts on wages, as well as on the consistency of income. Thanks to this rating, the system of advances will be included. Such a rating will also be possible to clarify by the technologies of credit assessment.
Issuance of loans
Adding an option to receive loans to the system of issuing a loan in crypto currency gives an opportunity to engage in lending to all interested users.
Smart contracts for state management
Another unique series of technological implementation of the project is a portfolio analysis toolkit and strategy generators. Thus, over time, the ecosystem will be formed, in which the environment for state management will be created, trading strategies will be generated.
Smart contract for financial transactions
Initially, contracts will be issued only in ABLE, however, in the future, it is planned to create an environment on the basis of a framework in which all willing developers can create their own smart contracts. These types of contracts include long-term, peer-to-peer, secured and credit.
Token
The name of the new currency is ABLE, the currency issue is 25 billion coins. Sales are conducted for ETH and BTC. The minimum amount for investments is 0.5 etherium. Sphot-cap project – 10 thousand ETH, the upper limit of fees – 25 thousand ETH. The project is registered in Estonia.
PreICO. The period passed successfully from June 27 to July 10. The price of the coin was identical to 2 cents of the US dollar.
ICO. The stage began on July 16 and will last until August 10. Hard-kap of the stage – 11 thousand ethereums (or 3.35 million coins system). The cost of the coin in this period is already a little higher – $ 0.0215 per unit.
Token distribution:
– 60% (15 billion ABLE) pool of public sale;
– 15% (3.75 billion tokens) will go into the reserve;
– 10% (2.5 billion ABLE) will be shared among themselves by team members;
– 10% (2.5 billion ABLE) share of the company’s fund;
– 5% (1.25 billion coins) will be allocated for marketing and strategic partners.
Popularity in social Networks
To date (July 21), the project has already managed to gather around itself a significant level of popularity in all popular social networks. In the project group on Twitter – 19,500 subscribers, Facebook – 14752, Medium – 672, Reddit – 47, Youtube – 139. English-speaking group in Telegram – 25614 readers. The big plus for the project is the availability of their own account in github, where a lot of interesting things are already posted.
Roadmap
The site provides enough compressed information, the events are specified only from the beginning of the 2018th. After ICO behavior and listing, the end of the year is planned to put into operation an investment-credit P2P engine. At the beginning of next year, the service of the financial platform will be opened, and in the second quarter of 2019 the active development of the product will begin. The formation of the ecosystem is scheduled for the 3rd quarter, and in the 4th there will be an active testing of the platform. And already in 2020 we will see a powerful service with full functionality.
Team
The site lists 15 project staff and 8 advisors. Each of them presents a detailed description of their merits and work experience, almost all of them have links to profiles in Linkedin.
Site: https://www.able-project.io/en/
Whitepaper: https://www.able-project.io/data/AB_whitePaper_Eng_180320.pdf
Twitter: https://twitter.com/Ablecoinproject
Facebook: https://www.facebook.com/ablecoinproject/
Telegram: https://t.me/ABLE_Project_EN
Medium: https://medium.com/@ableproject
Bitcointalk: https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
Linkedin: https://www.linkedin.com/company/13661933/
Reddit: https://www.reddit.com/r/ABLEproject/
Github: https://github.com/kblockchain/
Youtube: https://www.youtube.com/channel/UChRc3KUemnVI-riPFAIOntg
Author:
Bitcointalk Username: ICOevents
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1338776