ABLE Project Introduction
ABLE project #1 — Introduction
In 2017, Bitcoin hit nearly $ 20,000 with the cryptocurrency market boom, attracting a lot of public attention. Exchange premiums surged to nearly 50%, while a lot of Altcoins recorded tremendous volatility from dozens to hundreds of percentage per day. It was not an exaggeration to say that it was a cryptocurrency frenzy.
After this cryptocurrency storm, various people began to discuss the definition, utility, and value of cryptocurrency. In order to form a healthy cryptocurrency culture and a sound token economy, various pre-requisites should be satisfied. The cryptocurrency culture needs to be changed to where users utilize banking services that can store, exchange, deliver, and invest in real value, rather than seek profits through speculative trading.
ABLE aims to create a decentralized cryptocurrency financial platform where a variety of financial transactions in the crypto space can be processed. By eliminating intermediaries through decentralization, and directly connecting investors-borrowers on a peer-to-peer basis, we will make a transparent, rational financial system for creating new value.
In the next section, the ABLE Account system and the financial platform in general will be explained.