ABLE : REBRANDING AND REVITALIZING THE BANKING SECTOR
blockchain·@chomsy·
0.000 HBDABLE : REBRANDING AND REVITALIZING THE BANKING SECTOR
 Over time a lot of innovations have taken place in our banking sector, most of them good and some of them bad. The fact still remains however, that despite all these demerits of our banking system, the provisions of banking services still remains one of the most important services one can require in a given society. In lieu of this, a lot of innovations are required to be made in such sectors frequently so as to adapt the system to contemporary technology and trends on how things are to be done in our society. Due to the jetlag in the banking sector and lack of consumer-centered innovations, a new project; ABLE has been introduced to implement a lasting and efficient superstructure that will provide consumer-friendly financial services such as loans, investments, and even wealth management. PROBLEMS IN OUR CONTEMPORARY BANKING SYSTEM As stated earlier, there are some basic problems in the current financial systems and service delivery system, and it is the presence of these problems that have warranted the introduction of the Able platform which seeks to basically implement measures that would be customer friendly and long overdue in our banking system. A basic problem arises from the over-centralized system of banking which encourages too much exploitation and massive interest rates on loans made and yet reduces or clamps down on the interest rates gained upon depositing funds in such banks and in some they even charge you for storing money at the bank. This creates a chasm and widespread margin between the revenue chain of transactions between user and banker who are involved in financial services.  The existence of third parties who in almost all cases are the bankers is also a great problem as this is gradually fading out of vogue due to the arbitrary charges these third parties require for their services. The depositors and borrowers are just kept in a loop and do not even have knowledge as to how the money comes or goes and the only thing which is certain is the fact that the banks generate massive amounts of revenue from these transactions and as such they gain more than even the investors and borrowers in such relationships as they set their own interest rates and capitalize on them to make massive returns. The security of such transactions are also subject of criticism as well as the subjecting of such transactions to the whims and caprices of the weaknesses of all these banking services such as the slow pace of concluding transactions etc. In some cases due to the high interest rates, the borrower becomes eternally indebted to the lender because the interests rates given him are too much and as such he cannot even pay up in his lifetime. ABLE has come to change many of these problems and make them very better.  SOLUTIONS TO SUCH PROBLEMS MADE BY THE ABLE PROJECT ABLE is a project that seeks to change the face and ideology of financial services that people already have. It is a decentralized banking/financial service provider based on a blockchain mechanism that is designed solely for the purpose of achieving a 100% standard, and efficient system that caters for the needs of all accordingly with little or no third party interferences and maximized user satisfaction by giving them the power to negotiate on their own terms. As stated earlier the platform is designed to run on a blockchain mechanism and is a project that seeks to enhance the state of the provisions of financial services to all its users. The sector is one of the largest sectors existing in the world right now. It is something almost everyone uses on an almost daily basis. The basic focus of the inventors of the ABLE platform is to introduce an avenue for the conduct of financial services as well as wealth management. Predominantly, a great focus would be channeled towards ensuring that banking services such as borrowing and lending are promoted and made more user-friendly so as to encourage the use of these services and eliminate the third-party influence on such transactions.  On the ABLE platform, both depositors and borrowers are given the power to broker their own deals independently without influences from third parties. What is even more interesting is the fact that in letting them deal on their own terms, they are also given the power to select or specify the interest rates charged for such services without the aid of any third party. The decentralized platform created by ABLE solves the problems that arise from inconsistencies and hacks on servers or database of such platforms as user's funds are safely stored away from harm's way and in the course of doing so creating an efficient system. ABLE creates an opportunity for all its users to carry out financial services through their platform. These services provided by them would comprise both investing in projects etc, lending or borrowing people funds, or salary management. The triangle of these services is obviously one that has not been seen to be provided by one bank alone, yet ABLE is making this possible through the use of digital assets.  Investments on the platform come in terms of providing funds that could be lent to people through smart contracts made available on the ABLE platform. Such transactions are made possible on the ABLE blockchain in a purely decentralized transaction devoid of third parties or any form of intermediaries. The borrower enters into a smart contract which the platform matches him with, so as to obtain loans from the investors who pump money into the platform and specify the interest rates at which they will lend the money and the borrower upon accepting such terms has now successfully entered into a banking/financial service sector. The platform creates an exchange process which is facilitated through the Decentralized exchange(DEX) which helps to increase and incorporate other financial products and mutual funds into the system to also make the platform very sound and dispense its obligations to its users accordingly. DEX basically stores up all transactions made or based upon smart contracts which may or may not have been based on the ABLE cryptocurrency. Users can now access or use the services provided on ABLE whether they are users of the ABLE token or not. The most important goal that ABLE has set out to achieve is to evolve a platform that is purely decentralized providing banking-based financial transactions to all users without third party interferences and giving users the opportunity to deal on their own terms.  TOKEN DETAILS Token Name – ABLE Token Token Symbol – ABLE Token Type – ERC20 Token Supply – 25,000,000,000 Amount of Sales – 15,000,000,000 (60%) Date – 16 July 2018 - 10 Aug 2018 Pre-sale Price – 1 ABLE = 0.002 USD ICO Price – 1 ETH = 320,000 ABLE Soft Cap – 10,000 ETH Hard Cap – 25,000 ETH Currency Accepted – ETH KYC–Yes Whitelist– Yes Restricted Countries–? ROADMAP  TEAM DETAILS  ADVISORS  CONCLUSION The ABLE project is one which obviously works a lot of good to the consumer of banking services. this project which seeks to bring the banking services such as loans, investments etc. closer to the consumer is one which has been greatly longed for and awaited and this would make the banking sector in place already to be more efficient as the ABLE platform has come up with lasting ways to make things concerning financial services work. ABLE changes it for all of us and is a platform to beat in this 21st century as it proposes to offer top-notch services that would change the world.  OFFICIAL LINKS TO ABLE PROJECT Website : https://www.able-project.io Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3159298.msg32659058#msg32659058 Whitepaper : https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf Telegram : https://t.me/ABLE_Project_EN Kakao Talk : https://open.kakao.com/o/gMsFwKM Github: https://github.com/kblockchain/ LinkedIn : https://www.linkedin.com/company/13661933/ Twitter : https://twitter.com/Ablecoinproject WRITER'S DETAILS Bitcointalk username: Chomsy Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1759759
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