Welcome my dear readers.And here came the long-awaited vacation and now I'm ready to introduce you to interesting projects.To do this, I will publish the most promising projects in my opinion. And you read, think and make decisions for yourself. . As you know, at the moment the banking sector is dominated by a single business model, which is based only on the difference between interest rates on loans and deposits. The Bank acts as an intermediary between the depositor and the borrower. The Bank accepts deposits from the depositor at a low interest rate and issues money to the borrower on credit at a high interest rate, thereby making money out of thin air. Obviously, such a business model is very profitable from the point of view of the Bank's profit, since they believe that there is no alternative option of lending in the market. But it's not...
Our world is changing every day. In the age of blockchain technology, there are opportunities that we could not even think about. The old business model of the banking sector is outdated and requires innovation. To solve this problem, a project called Able was created, which provides new financial services based on blockchain.
The main thing that the project team of ABLE is to achieve is to give the opportunity of direct lending, as well as investment, between people and organizations directly without any intermediaries in the person of the Bank. The aim is to unite and provide in one place all the services offered by banks today, based on blockchain technology.
Users will be offered interest rates on loans through the matching system, eliminating the spread (difference) on loans and deposits, using P2P (peer-to-peer network).
The working system will allow all users to safely store funds in the personal account ABLE, in the form of tokens, to track all operations, to invest in various projects with the help of transparent smart contracts.
An important component of the project is that it brings together users through the account, and allows for the payment of wages and investment of money, based on smart contracts.
When investing, you have the opportunity to achieve higher rates than in the centralized market, and borrowers will be able to take money on credit at lower rates.
The developers of the Able Project set a goal to enter the world market on a global scale - the creation of an internal decentralized exchange and the subsequent development into a platform on which it is possible to develop and use smart contracts for financial and private capital management services. With the help of ABEX's DEX, it will be possible to quickly create fixed-term contracts with mutual funds.
In the initial stages, the project will enable users to receive the earned payment from their organizations in the project tokens. Each user will have a credit rating, showing how solvent he is and whether to enter into any partnerships with him, which will exclude the bureaucratic component in the process. You will also be able to invest in ICO projects using a smart contract.
Procedure of distribution of the token - ICO
The first round of public sales has already been completed.
Let's start with the round that is currently in progress. (26 July)
✅ Global Sale Round 2: from July 16 to August 10. The sales result will be announced after 10.08
✅ Deposit: ETH / BTC
✅ Token: ABLE
✅ Presale hardcap: 11000 ETH (6,600,000 $ USD) or 3.35 billion ABLE
✅ Token price: $0.00215 USD
✅ Minimum investment: 0.5 ETH
✅ Participation requires KYC - details about the passage of the Able Project
✅ Will be released: 25,000,000,000 tokens
From the bottom 60% - 15 billion ABLE will be available for public sales rounds.
The rest of the tokens will be distributed among the founders, advisors, strategic and marketing partners.
The project team has extensive experience in various financial sectors, including the national tax service and the national pension service. The team also includes experts in the field of Finance, it, marketing. Consultants from government, Finance, investment are involved in providing high level of financial services in a secured form. For help of Able Project
Conclusion on the project: Honestly admit the idea of the project I like, because this issue is long overdue, the lending system is definitely outdated and requires changes. The development team sets specific goals for the success of the project. This can be seen by studying all aspects of the" white " paper. and analyzing the composition of the team, which consists of experienced and qualified specialists. The main problem, in my opinion, they may face is the bankers themselves, who are not profitable to change anything, because the system works steadily and for a long time. It will be interesting to observe the development of the project.
Main references of the project
Official website: https://www.able-project.io/
ANN thread: https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
Bounty thread: https://bitcointalk.org/index.php?topic=4450204.0
Telegram channel: https://t.me/ABLE_Project_EN