ABLE to Impact The New Era of Crypto Finance

Learn about new project, that will create a platform that enables cryptocurrency-based banking activities to center around it's own account
18 June 2018   2453

What is ABLE?

The ABLE project will create a platform that enables cryptocurrency-based banking activities to center around the ABLE account, emanating from the fact that banking activities are carried out primarily through bank accounts. Users propose deposit and loan interest rates through a matching system, eliminating the lending-deposit spread by directly connecting users on a peer-to-peer basis. The ABLE project supports decentralized exchanges and provides decentralized cryptocurrency wealth management services through smart contracts. Ultimately the project aims to evolve into the ABLE Ecosystem through its integration with external systems, including simple payments.

Three ABLE keynotes:

  1. Solves the problem of current banking services which benefit from spread margin and have centralized cryptocurrency financial services
  2. Develops a matching system that connects investors and borrowers to provide reliable finance solutions and investment platform on ABLE DEX.
  3. Operating on a DEX, ABLE provides the framework to allow production of wealth management, creating an environment where a wide array of financial productscan be developed in the new tokenized world.

Able Project Features:

  • Allows both investors and borrowers to make a deal on the proposed interest rate without an intermediary.
  • Prevents the administrator’s moral hazard and server hacking by keeping the user's investment in the decentralized system

Why ABLE?
Why ABLE?

ABLE 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.

ABLE team had already held domestically tokensales, in Korea. The last two token sales, which was the 2nd and 3rd Public sale, ended in 17 minutes and 2minutes, respectively. A total funding of 10,000ETH were raised through exchange token sales platforms.

Practical Usage of the ABLE Project

  • Mortgage Loans for ICO, Listing companies.
    • In cases of when a company needs additional funds after the ICO, it is impossible to start a new fundraising as this would occur severe opposition from former investors. The ABLE platform enables this by distributing mortgage loans based on the existing foundation.
  • The Era of Killer DApps
    • After competition in high performance platforms, DApps will be the game changer in the blockchain industry.The staging of various DApps require ingenuine methods of fundraising. These DApps will take place in different countries and cultures, thus resulting in the need of diverse portfolios. Instead of personal investments, investment portfolios created by agencies with better information and profession will be more attractive. The ABLE Finance Platform will be positioned as this agency, providing investment portfolios. Thus, specialized financial products will be more demanded, which is available in ABLE.

Relationship with Existing Finance Systems

Cryptocurrency is still not legally accepted in most countries in the world. After the CBDC(Central Bank Digital Currency) adoption, regulation for cryptocurrency will be accelerated. The power of traditional finance systems will be attenuated due to CBDC and crypto-currency.

However, it will be hard to deal both fiat currency and cryptocurrency simultaneously by traditional banks. Cooperation with services such as credit-card payments, automatic transfers of utility and service charges, and bank license will enable taking a further step for this issue. ABLE will prepare a license to support payment system and partnership with the existing financial infrastructure.

ABLE’s Growth Model

The financial system of the ABLE project is a platform for building social trust. Economies of scale and network effects are important as they are platforms where various participants are connected, rather than fragmented simple payment services, unidirectional deposits, and loans.

On the ABLE Growth model, as the number of users gain, the accuracy of interest rates for investments and loans increases, and as many financial platform developers get together, the development of high quality funds will be achieved. The higher the liquidity, the higher the accuracy of the market interest rate determined by the investment-loan matching engine. The higher level of financial products developed through the competitive structure in which various fund products are developed benefits the users, enabling users to enjoy it. It’s possible. A higher user experience triggers more traffic, which in turn creates a circulation structure for new users.

Learn more about ABLE project at:

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Top-3 Ongoing ICO 16th - 22nd Sep Acc. to Our Readers

Let’s check which ICOs from ongoing 16th to 22nd of September are considered the best among our readers
24 September 2018   131

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three upcoming ICO according to our readers.

1. World Bit Bank 

Vitsolutions, LLC has been conducting technical development of the World Bit Bank project and researching innovative financial technologies and the blockchain technology since 2016. World Bit Group which manages the World Bit Bank was established in 2018. It was registered in the EU and holds the Virtual currency against fiat currency exchange license and the Virtual currency wallet service license. Being under European jurisdiction, all real and digital assets of investors will have the highest security. By covering a large portion of the globe, we will be able to provide millions of people with banking services using cryptocurrency in conventional banking operations. Such services include: cryptocurrency loans, use of cryptocurrency in VISA/MasterCard debit cards, easy and cheap transfer and exchange of cryptocurrencies and many more financial transactions we make every day.

World Bit Bank ICO
World Bit Bank ICO

As reported, almost €16M raised.

2. Worldopo 

Worldopo gives the players a platform to build, own and trade property, all securely stored in blockchain. The innovative new approach is the use of it’s own cryptocurrency, the WPT as the base of the economic simulation. This gives the game a layer of realism never seen before, because people can earn real money when playing. The addition of AR makes it possible to actually see your empire grow before you eyes. In short Worldopoly is a true revolution in mobile gaming, easy accessible and yet complex like the real life itself. The best is part is: the game has already completed the development of its game engine and major features.

Worldopo ICO
Worldopo ICO

Worldopo team was able to sell 640 700 WPT.

3. Cloudbric  

Cloudbric is a decentralized universal security platform featuring enterprise-grade website, mobile device and crypto asset security, as well as access to a community driven threat intelligence database all powered through a new technology called VISION (patent pending), a CNN-based deep learning AI-tech, featuring one of the most accurate (low false positive rated) engines on the market. Our goal is to not only secure the web in general, but to secure the entire blockchain experience for users and businesses alike whether it’s protecting global exchanges, securing cryptocurrency assets, etc. so that we can help further encourages the widespread adoption of this great technology to masses. Cloudbric is currently a market leading web application firewall as a service vendor in South Korea and Singapore. We boast multiple awards (SC Magazine, Stevie Awards, Info Security PG, more), are industry-certified, and have more than 10,000 customers and partners.

Cloudbric ICO
Cloudbric ICO

As we can see on the pic above, Presale #1 and #2 ended, and looks like 5000 ETH in total was raised.