With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Azbit, a platform which is intended to provide a wide range of financial services to both crypto projects and individuals has arrived.
"Blockchain technology provides a way for untrusted parties to come to agreement on the state of a database, without using a middleman. By providing a ledger that nobody administers, a blockchain could provide specific financial services — like payments, or securitization — without using a middleman, like a bank.
Further, blockchain allows for the use of tools like “smart contracts,” which could potentially automate manual processes, from compliance and claims processing, to distributing the contents of a will.
For use cases that don’t need a high degree of decentralization — but could benefit from better coordination — blockchain’s cousin, “distributed ledger technology (DLT),” could help corporates establish better governance and standards around data sharing and collaboration."
With that being said, Azbit has everything required for a successful launch: a strong team, a reliable business model, payment institution license, and, most importantly, the exciting prospect of bringing something new to the world of finance.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is AZBIT?
As depicted above and as indicated on the official website of Azbit, Azbit is a platform which is intended to provide a wide range of financial services to both crypto projects and individuals. Azbit provides different services for different stakeholders covering in particular the following group of people and organisations, block chain businesses, private individuals, traders, investors and lastly crypto users. Registration is still to take place to ensure compliance with rules and regulatory bodies of nations like Europe, USA and Asia. The project will cater for five segments which include banking services, multi-currency exchange support system as well as providing a secure identification system.
In addition, Azbit generates conventional financial support regarding crypto projects and private users. They offer classic fiat banking and financial benefit for trading and investors and also the brokerage service for currency market. For merchandisers and investors they are providing single loop for accessing to investment tools, business plagiarism, social trading. For all the users they are providing online access and security tokens and service tokens. They also aim to compile with all the necessary sovereignty in Europe, Asia and in the Unites states.
The facility that Azbits will provide is banking assistance, assistance in change of various currencies and unlimited security tokens, A sector for investing without any hesitation and confusion of fraudster and last but not least Azbit.ID secure Identification system which aim to provide fast and secure access to all the users and traders from around the globe and it will minimize the risk of money laundering and of project being canceled.
The Azbit project team is working on the issue of obtaining their personal banking license, which in the future will solve most problems in working with banking institutions. Already at the moment, the Azbit project has a Czech license Payment Institution. And then the team is set to receive a license from the European Union.
Services for Azbit customers
Providing classic banking and financial systems for working with fiat funds for both individuals and blockchain business.
Opportunity for traders to get permanent access to investment money.
Constant access for investors to more popular cryptocurrency products
For any user of the project - access to work with cryptocurrency online.
To translate everything that was planned, the Azbit project team plans to register in all necessary jurisdictions and have regulations in them.
The Azbit project consists of:
Security System Azbit
Azbit Security System
This system allows the user to quickly and safely use all the services of the project. Other projects built on the blockchain system can use Azbit.ID for automation, as well as to reduce the cost of money laundering.
The Azbit platform
The platform intends to bring attempted and tried budgetary exchanging and venture instruments to the cryptographic money industry through Azbit's bound together ecosystem.
The Azbit's platform highlights includes:
An investment platform
A banking structure
An electronic payment system
About The AZ Token
AZ token is based on the Ethereum protocol and will fully comply with the ERC20 standard. Support of this standard ensures compatibility of the token with third-party services and also provides ease of integration.
Symbol - AZ
Total Supply - 138,888,888,888
Unsold Tokens - To be destroyed
Retail Price 1 AZ = 0.00012 USD
Soft Cap - 6,500,000 USD
Hard Cap - 10,000,000 USD
The Allocation and Budget & Spending goes thus:
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.