ABLE
Last Update
Jun 11, 2018
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MarketPairPriceVolume 24H24H (price)24H (volume)
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Bitforex
ABLX/ETH 42 minutes ago$ 0.0001$ 1.171 K-1.95%96.48% -
Bitforex
ABLX/USDT 42 minutes ago$ 0.0001$ 783.62-0.54%173.91%
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Idex
ABLX/ETH 7 days ago$ 0.0003---
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1 ABLE=0.00215 USD
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1 ABLE=0.00205 USD
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1 ABLE=0.002 USD
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1 ABLE=0.0019 USD
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1 ABLE=0.0017 USD
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1 ABLE=0.0015 USD
About ABLE
What is the ABLE Project?
- Seeking to solve the problem of margin structures of the existing banks and centralized cryptocurrency financial services
- Develop a matching system that connects depositors and borrowers, and provide protected professional banking solutions and wealth investments through a decentralized exchange
Able Project Features
- The users propose deposit and loan interest rates, and the ABLE matching engine connects the users to eliminate the margin of the intermediary
- Prevents the administrator’s moral hazard and central server hacking risk by keeping the client's investment in the decentralization system
Roadmap for the ABLE Project
- Establish ABLE Ecosystem by adding financial products, funds, etc.
- Ultimate goal is to build a decentralized bank-based financial platform.
ABLE Project Team
- ABLE team has specialty on various financial sectors including National Tax Service, and National Pension Service.
- Specialists in finance, IT, marketing share the greatest vision to create the perfect banking experience.
- Advisors from law, finance, investment participate to serve a high-level of financial service in secured way.
Features
The ABLE project aims to solve problems by applying decentralized blockchain technology.
By developing a matching engine that connects depositors and borrowers on a peer-to-peer basis, the project directly connects depositors and borrowers without any intermediaries. With intermediaries and lending spreads eliminated, cryptocurrency interest rates will be determined by mutual agreement between users in a free market, and said rates will serve as market interest rates. Depositors can receive higher interests than they would in a centralized market, while borrowers can lend money at lower rates, creating a win-win scenario. Since depositing and lending occur governed by smart contracts, the project will eliminate exposure to managers’ moral hazard and the risk of central-server hacking.
Current cryptocurrency banking services provide deposits and loans separately rather than linking depositors and borrowers. The services have shortcomings such as inability to provide high deposit interest rates in a sustainable way. Such services cannot mitigate or eliminate intermediary risks because their structure is based on a centralized model. On the other hand, the ABLE project directly links users, primarily through an account, and enables a variety of banking activities such as payroll and investment, based on smart contracts.
The ABLE project primarily aims to apply decentralized blockchain technology to banking and wealth management features; to directly link demand and supply through an account on a peer-to-peer basis; and to establish a reliable system. It aims subsequently to build an in-house decentralized exchange, and then to evolve into a banking platform on which to develop and use smart contracts for banking and wealth management services.
Technical Info
The development of ABLE system goes through three stages. At the first stage, we first develop ABLE account, deposit-lending matching, and convenient cryptocurrency address services through solidity-based ABLE BANK smart contract technology on the Ethereum blockchain and then provide ABLE BANK service through the ABLE BANK web page. At the second stage, we develop ABLE DEX and design various ABLE financial products that interact with ABLE BANK smart contracts and provide them to users through the web page. At the final stage, we create a dedicated blockchain main network for ABLE BANK that allows us to provide credit services and personalized financial products by gathering and analyzing user patterns of using financial products.
ABLE Roadmap
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2018. Q1
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Pre-Sale
(Token-Bank). -
2018. Q2
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ICO
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2018. Q3
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Exchange Listing
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2018. Q4
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Deposit-Loan Peer-to-Peer Engine
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2019. Q1
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Finance Platform Service
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2019. Q2
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ABLE Mainnet Development
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2019. Q3
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ABLE Finance Ecosystem
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2019. Q4
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ABLE Testnet Launch
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2020
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Finance Platform Service
Team
Verified 60%
Attention. There is a risk that unverified members are not actually members of the team
ABLE Interviews
Participated in planning/developing/investments in many startups since. Mainly developed social commerce and parking systems, and have interests in O2O businesses. Currently developing an application using REACT+REDUX SAGA. Pursues and designs simple and high readability UI’s.
Last News
ABLE Reviews
ABLE is a crypto currency specific banking platform that provides crypto currency financial products through person- person loan matching system and decentralized exchanges.
PROS:
- The platform directly links the users primarily through an account enabling them to access a variety of banking activities based on smart contract solving the problem of managers morale hazards and hacking of central servers
- The platform enables sharing of its value to the active participants while eliminating unnecessary in the given business models. The borrowers and the depositors are linked on a peer to peer basis allowing them to share the actual value and participate in the process of determining the rates
- The use of block chain and smart contract enables the users files and personal data to be securely stored in the platform account through encryption so that the users can invest on ICO and on the ABLE accounts
- The platform prepares payroll and credit score loans which easily supports the users enabling them to acquire loans easily
- The simplified payments and remittance services enables the users to preserve remittance and as well as cancel remittance at any time before the reserved time making the project use user friendly
- The direct link of the users and the depositors through the account enables them to make their own agreement and decide on the rates hence receiving higher deposits returns with lower interest rates
- The platform has a good team with relative experience with the guidance of the CEO M.S Kim who is a professional asset manager with prowess in analysis and investments in block chain businesses
CONS:
- The whitepaper missing the involved team
- The commonly used crypto currency within the ABLE accounts is not specified
- The users of the platform have no warranties on their legal use of the platform token with no legal rights
SUGGESTIONS:
- The whitepaper should equally contain the team involved in the project
- The platform should clearly indicate the total expected funds that are required for the project implementation and ways of generating the funds
- The platform token holders should be granted more legal entities of the token use
- Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
- This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
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