ABLE X Token
ABLX

0.03325
XVP
2.84 %
Change 24h
Genesis
July 15, 2018
Market Cap
XVP 213,794,305
Volume 24h
XVP 3,703,501
Circulating Supply
6,430,810,000
Total Supply
16,350,800,000
ABLX
XVP
Description
ABLE is a financial platform of cryptocurrency. ABLE’s P2P loan matching engine and DEX based mutual fund platform solve current tradition banking and investing problem. Blockchain technology enable to connect global investors and entrepreneurs regardless of border in a reliable way. The ABLE project has been proposed to provide an alternative to banks’ conventional lendingdeposit spread structure, and to solve problems with initial cryptocurrency banking services. By developing a matching engine that connects investors and borrowers on a peer-to-peer basis, the project directly connects investors 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. Investors 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 investing 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 financial activities such as payroll and investment, based on smart contracts. The ABLE project primarily aims to apply decentralized blockchain technology to financial 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 platform on which to develop and use smart contracts for finance and wealth management services.