The new project called ABLE is a decentralized platform that is aimed at regulating the cryptocurrency market. It’s no a secret that its capitalization is rapidly growing, so the need for controlling and reducing the risks is increasing for all the parties too. The main developers’ purpose is a creation of the platform, on which it’ll be possible to use cryptocurrencies and depose of private money wisely.
The appearance of such a project has become possible thanks to the stable functioning of the blockchain technology. Due to its use, all parties’ needs will be met.
Solutions from Professionals
The important feature of the innovative project is an opportunity to conclude the most profitable smart contracts. They’ll let regulate the activity of the parties and become a framework for their further interaction. At this stage, the developers suppose that the following popular services will be offered:
- transfers and transactions;
- cash deposits;
- P2P lending.
The existing banking models are not always effective in the modern environment, so the need for the functioning of such project is quite high. What’s more important, ABLE will help avoid problems at the initial stage of the cryptocurrency market integration. Due to this, this sphere may become more attractive to investors.
Also, the disadvantage of this banking system is its centralization, which inevitably impacts on the speed of stability of transactions. The use of the blockchain technology lets leave the hackneyed principles behind and interact with partners in a direct way. Such an approach is exactly what we need to minimize expenditures and control the business.
The centralized server is also easier to hack, due to which your data are always at risk. Also, the users are traditionally deterred by a high rate that doesn’t allow to develop their own business.
Progressive Project Basis
The ABLE project is based on the desire to eliminate the existing contradictions. The automatic system will select potential investors and people needing money and won’t touch mediators. It’s enough to set some parameters for the system to choose the most expedient option.
If it took much time and it was necessary to overpay to the mediator in the past, there won’t be a need for such solutions in the future.
The use of smart contracts will let get rid of dishonest market players. The creators hope that such an approach will contribute to the long-term cooperation, which people need so much. As for the disadvantages of cooperating with mediators, it should be noted that banks almost can’t control them.
As the market is rapidly developing, it’s quite important to get rid of expenditures right now not to fall behind competitors and to have an opportunity to develop the business. Loans in cryptocurrencies will also let make them more popular with the population. The increase in the trust level is an important step, as now there’re still a lot of obstacles for the stable market development.
Platform’s Prospects
The ABLE project is unique in its way and gives the platform participants a real competitive advantage. In the future, much will depend on how successful tokens used for money transactions will be released.
So, the platform can bring the speed and security of transactions to a fundamentally new level. Moreover, the direct interaction between the users from the same sphere will contribute to its development, so ABLE is really interesting to millions of clients from all over the world.
The only ones who’ll sell at a disadvantage will be bank representatives not interested in searching for new technology solutions. We’ll see how quickly the professionals will change the market and bring it to a new level.
Visit the links below for more information:
ABLE website: https://www.able-project.io/en/index.php?lang=en
ABLE Telegram channel: https://t.me/ABLE_Project_EN
ABLE ANN Thread: https://bitcointalk.org/index.php?topic=3159298
@originalworks