Azbit - Banking the Unbanked

This blog is an ICO review made for Azbit "Banking the Unbanked". This is my opinion based on my research. This is not a financial advice, always DYOR before investing in any project specially ICO's.

First, what I like about this project is that it's cheap, it's token utility, the platform itself, and amazed by it's advisor Roger Ver. Read more of this story below.

What is Azbit?

Azbit is blockchain based investment banking, Crypto exchange, Cryptocurrency banking, and an Investment Platform.

What I like about Azbit?

1. Its Cheap - Upon looking up for top ICO's, what azbit catch my attention is because it's price is pretty cheap. To consider that the project is already obtained payment institution license and soon a banking license in Switzerland. Hence, due to a lot of supply, the liquidity for AZ tokens might be the reason for it's lower price value.

2. Token Utility - Since the platform is a Banking Service, an exchange, an investment platform, liquidity is there to serve with 75% lesser in the first year of it's operation giving an advantage for early adopters but would change in latter May 12, 2022, the discount will be fixed at 5%. Also, Azbit Shares (AZS) token holders will get 30% of the profit of the whole Azbit ecosystem.

3. The Platform - Since bitcoin or cryptocurrencies are initially here for decentralization and Banking the Unbanked, the sad reality is it never happened, yet. Worst case scenarios are, beginners who enter crypto markets often lose more of their initial investments because of price volatility, poor wallet management, scam ICO's, and not having enough research. This platform I think is the solution because it would create a kind-alike bank for cryptocurrencies with the same features also allowing SWIFT and SEPA.

4. Advisor "Roger Ver" - To be honest I'm not a fan of BitcoinCash, but with Roger Ver included on the team, I think this project has a lot of room to grow with his experience and expertise (just think of his fights along bitcoin).I also think of this as a safer investment because of him because it's safe to say that he don't want to get involve in a project that could destroy his image and probably this is not because of money, he's rich already.

Talking about the platform

Azbit has everything required for a successful launch: a strong team, a reliable business model, payment institution license, and, most importantly, the exiting prospect of bringing something new to the world of finance." - Roger Ver

Azbit Banking

Unlike traditional Banking, it is harder to deal with cryptocurrencies, it is somehow unproductive if you are losing by not moving your funds because you didn't know how to trade, it is also hard to find a good investment specially ICO nowadays are mostly scams. Azbit is bringing traditional banking opportunities for new players that wants to enter the market but in a safely manner that they have options where to invest, to create portfolio or trade their money with the bank's guidelines. Azbit is also soon be regulated by a bank on Switzerland, though it's still not yet to happen, but they already got the payment institution license in Europe. A good thing for an ICO to met or fill what regulatory body is necessary even before they conduct they public sale.

Multi Exchange

It is good for a bank to have their own internal exchange right? How about an exchange for securities and cryptocurrencies? Better.

According on their whitepaper " Alternative Trading System (ATS), users will be able to trade security instruments and tokens via a single crypto platform. The licensing requirements for such a system are much simpler than those for a securities exchange. Given the current state of the legislative framework and the extent of the legal procedures involved, it is clear that the legalization process in Europe may take considerable time. Nevertheless, we see this as a far-sighted, important and necessary step, both for our project, and for the industry as a whole "

Aside from that because that is far on their current roadmap which is about to happen on Q1 2020. Let's focus on the nearest event that they would provide updates regarting their exchanges.

Q1 2019 - they would launch their platform and their cryptocurrency exchange.

Q2 2019 - Decentralized exchange module. They would list non-ERC20 with their voting system.

Investment Platform

Azbit’s investment platform will be one of the key features of the project.

Effective traders can use Azbit to work independently or in collaboration with funds to setup investment accounts and raise funding.

Investors, in turn, can break down the action and profitability of accounts and settle on investment choices with certainty.

As specified over, the goal is to combine conventional financial services with the cryptocurrency industry, allowing crypto holders to get to the customary features of a bank while enjoying the advantages of crypto.