ABLE project Allows both depositors and borrowers to make a deal on the proposed interest rate without an intermediary.

in live •  6 years ago 

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The ABLE project will create a solution to problems with traditional bank lending-deposit spreads, and nontransparent and centralized cryptocurrency financial services, basing the solution on the transparency and reliability of a blockchain system. The ABLE project is the first cryptocurrency-specific financial solution that provides cryptocurrency financial products through person-to-person loan matching systems and decentralized exchanges.

The ABLE project will create a platform that enables cryptocurrency based financial 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.

The ABLE Project

  • Solves the problem of current banking services with spread margin and centralized cryptocurrency financial services

  • Develops a matching system that connects depositors and borrowers to provide reliable banking solutions and investment platform on ABLE DEX.

Able Project Features

  • Allows both depositors 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

Roadmap for the ABLE Project

  • ABLE ecosystem grows as more financial products like mutual funds are added on ABLE DEX.

  • Ultimate goal is to build a decentralized banking-based financial platform.

ABLE Project Team

BitCointalk username: thaorubi
Profile link: https://bitcointalk.org/index.php?action=profile;u=2215631

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