ABLE

ABLE

Created using Figma
Created using Figma

Last Update

Jun 11, 2018

ABLE is a crypto currency specific banking platform that provides crypto currency financial products through person- person loan matching system and decentralized exchanges.
2nd Global Sale
Jul 16, 2018
Aug 10, 2018
100% completed
$7 704 140
20
cap
goal
116% cap completed
Goal 5 000 000 USD
Cap 6 600 000 USD
past
  • 1 ABLE
    =
    0.00215 USD
1st Global Sale
Jun 27, 2018
Jul 10, 2018
100% completed
Raised funds - no Data
20
Goal 1 800 000 USD
Cap 2 400 000 USD
past
  • 1 ABLE
    =
    0.00205 USD
3rd Public Sale
May 24, 2018
May 31, 2018
100% completed
$2 000 000
20
cap
goal
100% cap completed
Goal 1 500 000 USD
Cap 2 000 000 USD
past
  • 1 ABLE
    =
    0.002 USD
2nd Public Sale
May 16, 2018
May 23, 2018
100% completed
$1 500 000
20
cap
goal
100% cap completed
Goal 1 000 000 USD
Cap 1 500 000 USD
past
  • 1 ABLE
    =
    0.0019 USD
2nd Pre-Sale
Apr 26, 2018
May 3, 2018
100% completed
$1 500 000
20
cap
goal
100% cap completed
Goal 1 000 000 USD
Cap 1 500 000 USD
past
  • 1 ABLE
    =
    0.0017 USD
1st Pre-Sale
Mar 27, 2018
Apr 2, 2018
100% completed
$750 000
20
cap
goal
100% cap completed
Goal 500 000 USD
Cap 750 000 USD
past
  • 1 ABLE
    =
    0.0015 USD
Token Details
Ticker
ABLE
Accepted Currencies
ETH
Company Details
Registered Country
Estonia
Additional Details
Platform
Ethereum
KYC
Yes
Categories
Cryptocurrency

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

  • 2018. Q1

  • Pre-Sale
    (Token-Bank).
  • 2018. Q2

  • ICO
  • 2018. Q3

  • Exchange Listing
  • 2018. Q4

  • Deposit-Loan Peer-to-Peer Engine
  • Read More
  • 2019. Q1

  • Finance Platform Service
  • 2019. Q2

  • ABLE Mainnet Development
  • 2019. Q3

  • ABLE Finance Ecosystem
  • 2019. Q4

  • ABLE Testnet Launch
  • 2020

  • Finance Platform Service

Activity

Activity:
252
HIGH
Posts:
2 220
VERY HIGH
Views:
18 206
VERY HIGH
Activity:
252
HIGH
Merit:
10
LOW
Posts:
2 220
VERY HIGH
Views:
18 206
VERY HIGH
Users:
735
VERY HIGH
Followers:
15 776
VERY HIGH
Tweets:
60
LOW
30 Days Growth:
-390
Members:
98
VERY LOW
30 Days Growth:
91
Alexa
Rank:
2 132 543
VERY LOW
Delta:
578 542
Year commits:
259
Watchers:
7
Stars:
5
Forks:
5
Open issues:
1

Team

Verified 60%

Attention. There is a risk that unverified members are not actually members of the team

Blockchain Developer
unverified
UI/UX Designer
unverified
CEO
verified
CTO
verified
Front Engineer
verified
Fianace Specialist
verified
Marketer
verified
Finance Specialist
verified

Former members

Duke Yun
Blockchain Core Developer
Erin Woo
Marketer
COO
Young Baek
Advisor
Wonhee Cho
Advisor
Eunjin Lee
Advisor
Myungsoo Lim
Advisor
JW. NHO
Advisor
S.M Oh
CMO
Marketer

ABLE Interviews

M.W Ma
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am COO
M.S Kim
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
CEO
K.S Kim
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
ABLE redefines banking solution in blockchain
J.W Lee
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Conducted and completed a music streaming service application project.
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.
D.P Lim
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
JUST A COUPLE OF WORDS
J.W Ro
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Hello, I am the Marketing Manager for the ABLE ICO Project.
K.G Kim
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Finance specialist at ABLE Bank

Last News

$ 0.0002
-3.55%
Coin Stats
Daily, %:
-3.55%
Weekly, %:
-14.51%
Monthly, %:
-34.81%
Market Info
Market Cap:
$ 1.021 M
Volume 24h:
$ 47.397 K
Circ. Supply:
6.631 B ABLX
Ticker:
ABLX
ICO profit
X 0.0818
ICO Price~$0.0019
3.94
stable
5.0 12
ICO Profile Vision Activity Potential Product Team

ABLE Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

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

 

Read More
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