If you are familiar with the blockchain ecosystem, then it is no news to you that there are loads of crypto-finance platforms of which the cryptocurrency exchanges are dominant. Considering how increasingly important crypto-finance is in the present day economy, talk-less of the future, it is sad to see that there is still no platform which we could term as an all encompassing crypto-finance platform. This condition has thus succeeded in widening the gap between the crypto economy and the traditional financial economy.
In order to completely meet financial services needs and bridge the gap between the traditional economy and crypto economy, a great deal of work has gone into developing a platform which will offer all useful financial elements and assets.
Azbit is a platform which is intended to provide a wide range of financial services to both crypto projects and individuals. The services offered by Azbit include but not limited to; fiat banking, stock and currency markets, cryptocurrency investment tools, payment processing and a muti-currency exchange. The team behind the project have succeeded in obtaining legislative licences for operation in Czech Republic with further expansion in view.
Key advantages of Azbit
A major advantage of Azbit is the fact that the AZ tokens are backed by shares in the Azbit platform. In other words, token holders become shareholders of Azbit and each user gets his share of the total net profit depending on his percentage holdings of AZ. Another key feature is the regulation of AZ tokens by the United States Securities Commission which enables accredited investors to participate in the token sale. Finally, we cannot ignore the calibre of people who are actually overseeing the project of which Roger Ver (Bitcoin Jesus) stands out.
Tokenomics and ICO details
The official token of the Azbit platform has the ticker “AZ”. The AZ token is an ERC-20 compliant token and it has a total supply of about 401 billion tokens and a unit price of $0.00012. The project has a softcap of $7.5 million and the token sale will come to an end on 31st of March, 2019.
The AZ tokens will be used for all payment of fees and purchase of services within the ecosystem. The holders of AZ tokens will enjoy varying rates of discount on exchange fees for the first four years of operation which will then be fixed at 5% after the fifth year.
The token allocation of AZ is as follows;
Closing thought
Based on my research about Azbit, I can say with all certainty that the project is one which seems destined for success. By incorporating several financial services within a single ecosystem and doing their possible best to avoid the wrath of the law in future, it definitely seems like the team has what it takes to deliver on what has been outlined in the whitepaper. Finally, the calibre of partnership that have been established by Azbit also indicate the determination of the backing team to create a successful crypto-finance platform.
To round things up, I will like you to take out time to do your own research if you intend to key into the Azbit ICO as I am not an expert cryptocurrency investor. I only do my best to review potentially successful projects.
If you intend to learn more about Azbit, you can visit any of the links listed below;
Official Website - https://azbit.com
Bitcointalk: https://bitcointalk.org/index.php?topic=5114165.0
Instagram - https://www.instagram.com/azbit.news/
Facebook -https://www.facebook.com/azbit.news/
Youtube - https://www.youtube.com/c/Azbitcom
Telegram - https://t.me/azbit_com
Bountyhub Username: tbossmitche
