Let's go to continue this blog with another project. First of all, for who missed previous entries, what's a crypto money? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
Today there are thousands of coins on the market, already in operation, such as Bitcoin, Ethereum, Ripple, etc., but there are many thousands more that are about to leave. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But there exist others those that have just been born, which are not even in the ICO phase, which launches campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way to win crypto coins even if the market is as it is. In this way, you never lose money.
However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.
For this reason, the project I am going to present you is AbacasXchange, a universal exchange that allows users to trade, exchange or transfer any asset. AbacasXchange (ABCS) (https://token.abacasexchange.com/) is the first blockchain-based exchange that allows all users to trade any asset anywhere and anytime.
The main objective of AbacasXchange is to solve the current cryptocurrency problems about fees, about lack of transparency and liquidity, and abou the fatal loss of keys.
As a secondary goal, they dreams with the establishment of the Abacas Protocol as a global standard for intrinsically negotiable assets and cryptocurrencies so that when the user contributes to the AbacasXchange Network they will receive rewards in ABCS mode, whose price and convertibility are determined algorithmically through the ERC20 token using blockchain technology and the smart contracts.
The transaction in AbacasXchange ecosystem occurs as in any stock exchange, by an order management, price discovery, matching and confirmation of operations. First of all, the client examines the metadata of the asset in which he is considering investing and, based on the risk profile, decides if this is the asset for him or her.
Then, the asset to be purchased is exchanged simultaneously for an asset in the portfolio or account of the buyer, which means that the clearing and settlement of an internal transaction take seconds, not days as in the current systems. Thus, with ABCS, two or more clients can exchange assets of any kind in direct transactions.
AbacasXchange solves a very long list of problems thanks to blockchain technology, which we have explained and / or have been able to intuit. Apart from providing a decentralized and secure backup of users' private keys, which is the main advantage of this technology, at present, a minimum of 3 to 5 commissions are needed to trade one asset for another, but with AbacasXchange the number of transactions will increase to only 1. In addition, until today, there has been a lack of transparency. At AbacasXchange they are published in a public ledger and can be viewed by anyone, making the system 100% transparent. In addition, the platform also enhances liquidity through direct and indirect trading, creating infinite supply matching. Below is a summary table of the benefits mentioned.
Image Benefit Description One transaction and minimum fees user can exchange any asset in a single transaction. This saves you 50% or more of the fees. Completely transparent All transactions are published in a public ledger and can be viewed by anyone. Liquidity Enhancement Direct & Indirect Trading if someone wishes to sell any action, she or he may decide to receive EUR or USD or ABCS or BTC. This creates an infinite supply match. Asset security There is no possibility of losing your private keys.
The project gives the opportunity to earn AbacasXchange (ABCS) tokens performing some social media tasks and doing simple steps from the bounty program explained into Bitcointalk Web Page. Here (https://bitcointalk.org/index.php?topic=3950891.0) you can access the link in order to see what are the conditions to become an early ABCS contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://abacasexchange.com/wp-content/uploads/The-Abacas-Protocol-Dec-2017-WP-VLSMV-v1.3.pdf) or obtain more information in their official Webpage (https://token.abacasexchange.com/). You can also stay tuned in their official Telegram group (https://t.me/ABACASXCHANGE_ABCS). I hope you liked the post and soon I'll send you new ones.
Date Event June 2018 Alpha Release August 2018 Beta Release October 2018 Release Candidate #1 January 2019 AbacasXchange Official Launch
Pre-ICO Price: 1 ABCS = 0.98 USD
Price in ICO: 1 ABCS = 1.40 USD
Tokens for sale: 30,000,000
Email: [email protected]
Telegram username: @clauming
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71