ABLE Project- New Blockchain based platform and its attributes
The existing bank service of cryptocurrency is providing separately loans and deposits instead of linking borrowers and depositors. The service is having some shortcoming like the inability of providing greater deposit interest rate feasibly. Such services are unable to reduce or mitigate intermediary risks as the structure is based upon the centralized model. Based on such situations, ABLE Project aims at applying Blockchain technology that is decentralized to wealth and financial management feature for directly linking supply and demand via an account on the P2P basis and establishing a reliable system. The purpose of this project is subsequently building in-house exchanging and evolving in a platform for developing and using smart contracts for wealth and finance management service.
This ABLE Project will create an ecosystem that will be enabling cryptocurrency based financial activities. This is for centering on the ABLE account, spreading out from the fact that activities of banking are carried out mainly by bank account. The user can request loan interest rate and deposits via the matching system, reducing lending-deposit spread through connecting users on basis of P2P.
This project is supporting decentralized cryptocurrency and is providing wealth management decentralized exchanges service through the smart contracts. In the upcoming days, ABLE platform will be focusing at involving in the ABLE ecosystem through the integration with an external system that includes simple payment. This project lets depositor and borrower making a deal on interest rate with no intermediary.
Attributes of this project-
This decentralized bank is allowing in making transactions through cryptocurrencies. The transactions are done without any intermediary that positively is affecting the speed and costs.
• APP- A user can practically work with this ABLE project through any part of the world. This simple application is helping in easily managing all financial transactions that are complex. It can be easily installed on one’s PC.
• API- Thanks to technological innovations and its possible in processing user’s personal data and improving the working on platform fully.
• Structure- The smart contracts is accounting for the loans, division and deposits management. It is thus possible in realizing fair distribution of profits.
• Infrastructure- ABLE project stabilized working is based upon Ethereum. It is planned for creating an uninterrupted network in upcoming days.
The major benefit that is distinguishing the project all against the competitor is the intermediaries’ exclusion. It will be then giving impetus to entire industry development that now has some obstacles. It is essential for one to take in an account new approaches to the security, as now the deposit of users through the decentralized system will be directly stored. This project has bought international professional teams altogether wherein all are familiar with roles and are able to add new in this project development.
One can apply the decentralized Blockchain technology to various financial services like depositing cryptocurrency, using crypto funds in a day to day life and making an investment through it. Thus, this platform will create a system to meet expectations of people anticipating in this age of Blockchain. With all attributes motioned above ABLE project will aim at giving users good experience along with allocating value to it simultaneously.
website : https://www.able-project.io/en/index.php?lang=en
Telegram group : https://t.me/ABLE_Project_EN
ANN threads : https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
Facebook Link : https://www.facebook.com/ablecoinproject/
bitcointalk Url : https://bitcointalk.org/index.php?action=profile;u=1490344
bitcointalk Username : bittop-24
