What are the profits of traditional banks? Because of the difference between the markets - deposit and credit. However, the cryptocurrency does not stand still and can already offer some services from the banking sector.
Finally, a new approach emerged.
Able project is a new block project that will revolutionize the sphere of crediting. Now borrowers and investors will not need to spend money on intermediaries - everything will be direct. This became possible due to the fact that most of the projects are decentralized and not controlled by the state, which in turn could hinder the development of the project.
Important pillars of the Able project are the so-called Able users, the participant and the main nodes. The user can use a variety of services, such as financial, investment products and many payments. The participant creates products that are available for use by users. The main nodes are responsible for the operation of the decentralized network through a certain algorithm. At the same time, the main nodes will receive a transaction maintenance fee.
How it works
The ABLE platform, which is used in deposit services of cryptocurrency, will pay sustainable high-interest rates on deposits (up to 10% per month after 6 months of launch). The government of Great Britain imposed sanctions on this financial practice. Crypto-currency banking services are still very popular and do not have their own model of doing business.
In general, they try to separate deposits from loans, which is not suitable for high deposit rates. Moreover, this practice will not solve the problem of intermediate risks caused by centralization. Skillful project objectives are to create problem-solving and better system investment and credit system and various financial services.
What the platform offers
Able project is currently in its initial stages and provides four types of activities. First, investing / lending by investing and lending the appropriate engine. Secondly, the salary and credit rating or credit using the crypto-currency salary and payment service. The third simplified payment service and remittance simplified reminder service account address and stock. Fourth, the investment is based on the initial offering of coins (ICO) by a smart contract.
Ecosystem development
The Able project has its own ecosystem that compromises the Able account and supports a third party that provides many financial services. Able project will add a decentralized DEX exchange for the storage of smart contracts based on various crypto-currencies. Thanks to the unique API development, Able project will be able to develop a financial platform with external parties.
About smart contracts
Able project will act as an issuer of smart contracts and will provide a user environment that will help developers further support the ecosystem. Payment by credit cards, automatic transfers and fees for services and will be included in the crypto-currencies. In the future, most of the economic activity will be integrated with the crypto-currency financing.
Application
The modern function provided by the ABLE project is a new way of transferring money, creating an account and using the developed product on the basis of smart contracts at the request of users to the framework. This application provides a website and applications for smartphones to provide easy access to the Able system for users.
Able system is multi-level, and all the relevant layers and its components interact through standard APIs. Able APIs are designed for the Able API blockchain and have the same function as the Ethereum API. This API will be able to handle personal data and user details, which is usually difficult to do when registering with Ethereum public blockbuster.
Able project has its own able tokens, which are designed to support the Able system, as well as for use within the platform. Able tokens are also used as a payment method on the platform, as an example, after registering a new product, you will need to make some number of system tokens. Also, after the product is launched, these tokens will always be in turn.
At the next stage, when users cancel their funds, system tokens also go into the system. After all, each user can useable tokens to buy certain products and services from registered suppliers.
TOKEN DETAILS:
Token ABLE
PreICO Price 1 ABLE = 0.002 USD
Price 1 ETH = 320,000 ABLE
Bonus Available
Bounty Available
Platform Ethereum
Accepting ETH
Minimum investment 0.5 ETH
Soft cap 10,000 ETH
Hard cap 25,000 ETH
Country Estonia
Whitelist/KYC KYC & Whitelist
USEFUL LINKS
Project Website: https://www.able-project.io/
Whitepaper: https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
Telegram Open Chat: https://t.me/ABLE_Project_EN
Blog: https://medium.com/@ableproject
Writer: xratedx
bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2257524