
One of the core functions of the banking sector is receiving of deposits and advancement of loan. In carrying out the function, they receive deposits from lenders at a miserable interest rate and advance loans to borrowers at an outrageous interest rate.
The banking sector simply links lenders and borrowers.
The importance of the sector cannot be overemphasize
However , the present financial lending system is fraught with challenges ranging from security , high interest rate, high transaction cost etc.
Users data are not securely protected against hack attempt , this is largely due to the centralized system of storing data.
This has necessitated the need for a platform that can provide lasting solution to the challenges that poses threat to the growth of this sector.
Introducing Able, a decentralized Cryptocurency platform powered by the blockchain technology, that seeks to connect lenders with borrowers , eliminate intermediaries....which in turn will reduce significantly reduce transaction costs while improving efficiency of the sector.
Able sets to disrupt the crypto banking conventional lending system by bringing both lender and borrower under one roof and enable them to transact business on peer to peer basis.
This will give both lender and borrower an edge to transact business on their terms.....lender can lend at a much higher interest and borrowers can borrow at a lower interest rate compared to what obtains in the conventional cryptocurrency lending system.
This will help to stabilize the crypto lending market and increase liquidity.
The ABLE platform consists Decentralized Exchange (DEX), ABLE financial product and the ABLE micropayment/third party features.
The platform brings in Decentralized Exchange (DEX) to store smart contract based on different and diverse cryptocurrencies.
An ecosystem in which different types and forms of product developers have in them the opportunity to create financial products is being established through the distribution of framework offering production of wealth management and finance smart contracts on DEX.
Able would provide these financial services:
Lending and investment services.
Investing / lending matching engine.
Payroll and credit score loan- crypto salary payment service and credit scores.
Simplified payment and remittances.
Simplified account addresses service and reserve remittance among others.
The Able platform has 2 core cryptocurrencies : Able coin and Able dollar.
Able coin would be used for the purpose of carrying out transactions while Able dollar would be used in the offsetting of interest payments on the ecosystem.
Information on token sale
Token
ABLE
PreICO Price
1 ABLE = 0.002 USD
Price
1 ETH = 320,000 ABLE
Minimum investment
0.5 ETH
Soft cap
10,000 ETH
Hard cap
25,000 ETH
Useful Links
Website : https://www.able-project.io/
Whitepaper: https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058
Telegram: https://t.me/ABLE_Project_EN
Autho's Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2050118