The coming of Bitcoin created palpable innovation in the world. The financial industry was at the receiving end. It was crystal clear that their services won’t be needed as the chain technology featured remarkable upsides that can compete favorably with what they had to offer.
The focus of the blockchain was to distort existing financial scenario. It had gone farther in gaining mainstream access to other sectors of the economy. For the purpose of this post, let us take a walk down memory lane on what banks have been doing all these while.
Banks collect deposits from its users and issue same as loans to borrowers. The poser here is why they accept interest-free deposits and turn same to a money-making venture. Aside fiat deposits, people visit banks to obtain loans. Haven practiced lending-deposit structure; banks have sufficient funds to finance loans; giving the depositor little or nothing in return and yet, placing high interest rates on loans.
ABLE: Providing banking using Cryptographic Currencies
Here’s a new project. ABLE is interested in creating banking services on the blockchain. On the other hand, it aims at offering users loans in real-time and eliminating the use of middlemen.
Lending Machine:
ABLE features a lending machine. The lending machine here is vested with linking investors and borrowers. This is I line with ABLE’s goal of changing virtually everything that traditional banks had to offer. The lending machine, after connecting a borrower to a willing investor, computes the interest rate that the borrower has to pay.
A Win-Win:
There are no losers on ABLE; both parties are at advantage. The lending machine comes in handy to avoid over-charged and underpaid interest rates. Both borrower and investor after their connection through ABLE’s lending machine, will witness computation of interest rates for the loan the borrower received. That is the part in favor of the borrower.
On the investor’s part, he gets interest for his funds. Remember that banks typically receive deposits from its customers without giving them any interest. On ABLE, you have your funds with you. You are then at liberty to grant loans to the borrower. The interesting thing is you earn from the interest rate the borrower pays.
The borrower pays low interest rates than what he could have being charged if the loan was from the bank. The investor in turn gets return for his investment.
Unique Address:
Whether you’re selling or buying cryptographic currencies, you must have a digital wallet to store your funds. ABLE has a digital wallet but there is a silver lining to it. You won’t be bored by remembering all characters that make up your digital wallet’s address. ABLE features a relatively shortened address that is easier to remember.
Cryptographic Collateral is Eminent:
Despite rejections and antagonisms, cryptographic currencies are still making their marks in the financial scene. ABLE aims putting to rest the argument on interoperability of cryptocurrencies especially to their being used as collaterals.
ABLE allows you trade digital assets or place them as collaterals in exchange for fiat loans. This it hopes, will make adoption of cryptographic currencies faster and see to its application in many use cases.
Token Allocation:
Crowd-Sale: 60%
Incentive for Team: 10%
Strategy Partners and Marketing: 5%
Foundation: 10%
Reserve: 15%
Token Sales Information:
Ticker: ABLE
Total Token Supply: 25 billion
Platform: Ethereum
Soft Cap: 10, 000 ETH
Hard Cap: 25, 000 ETH
Price: 1 ETH= 320, 000 ABLE
Accepted: ETH
Country: Estonia
Meet ABLE's experienced and devoted team:
Advisors :
Amiable Partners :
Conclusion:
ABLE is bringing decentralization to the financial sector and with what it has to offer, it will be a good idea banking on the blockchain.
Checkout the project links below to get more knowledge about ABLE :
Website : https://www.able-project.io
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
Whitepaper : https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
Telegram : https://t.me/ABLE_Project_EN
Kakao Talk : https://open.kakao.com/o/gMsFwKM
Github: https://github.com/kblockchain/
LinkedIn : https://www.linkedin.com/company/13661933/
Twitter : https://twitter.com/Ablecoinproject
Writer's bitcointalk username : deodivine1
Writer's bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292