Imagine a typical transaction in which a client wishes to trade from a mosaic on XEM to an ERC20 token via the exchange. That single transaction may require 8 or 10 “partner chain” validations e.g. PoA (Proof of Asset), AML/KYC, Value Transfers, custodial validations, regulatory validations subject to asset class – each of these chains and suppliers may have a different pricing models based on their service or asset which means that a client would need to hold many 100s of currencies at any time. This is highly inefficient and impractical.
Here is where AbacasXchange comes into the picture. The AbacasXchange's ABCS token readily conveys between all of the chains mitigating the cost and nuisance of the micropayments as it relates to the activity in the AbacasXchange. For more information about AbacasXchange, let's find out on this brief review.
Founded on 20th March 2015, The AbacasXchange is a blockchain-based platform for the registry and peer-to-peer exchange of tokens, mosaics and less liquid cryptocurrencies through highly liquid cryptocurrencies and tokens Gateway Assets (Bitcoin, Ethereum, XEM, etc.). Leveraging the blockchain technology, AbacasXchange brings simplicity, low fees, transparency and liquidity on digital asset trading. You can trade any assets anytime and anywhere with the Abacas assets exchange through blockchain integration.
Many exchange platforms try to offer unique features in order to give themselves an edge in the market. In the case of AbacasXchange, some of the platform's key features is including:
- One Transaction - Users can exchange any asset in one transaction.
- Fully Transparent - all transactions are posted on a public ledger and can be viewed by anyone.
- Liquidity Enhancement Direct & Indirect Trading - if you want to sell 1000 GOOG, you can decide to receive some GLD or MSFT or BT or EUR or USD or ABCS or BTC. This creates an infinite coincidence of supply.
- Asset Security - No chance to lose your private keys.
AbacasXchange is a universal exchange that allows you to trade, exchange or transfer Any Asset Anywhere Anytime. With Abacas, for example, you will be able to exchange your "gold" for UK stocks in just one transaction. This saves you 50% or more from fees.
Abacas simplifies the complex world of trading one item for another in a flexible and secure decentralized platform. It reduces risk, improves liquidity and mitigates cost. They have devised credentials and standards, which have been perfect in risk mitigation by identifying fraud. Additionally, All transactions on AbacasXchange are posted on a public ledger and can be viewed by anyone.
AbacasXchange improves liquidity by Direct and Indirect trading. This creates an infinite coincidence of supply. Infinite supply of assets by traders has improved liquidity because of the good relationships among traders using the arena for exchange.
The AbacasXchange “safety deposit box” provides a decentralized secure backup for users' private keys. In AbacasXchange , there is no chance to lose your private keys.
In addition, The AbacasXchange applies a native cryptocurrency token (symbol: ABCS). ABCS token has a particular рurроѕе whісh is as the base upon which the traders can use as the mode of payment or as an intermediary currency.The token will be derived from a standard Ethereum ERC20. The token total supply is - 100,000.000 ABCS.
AbacasXchange's team consists of numbers of professional in the financial industry. Together, they have 100 years experience in the financial industry. The team of the company is comprise of:
Mark VanRoon
Mark is the founder of Abacas and a serial inventor and product developer with over 20 years’ experience in banking and digital banking. He founded Midpoint www.midpoint.com and have a Degree of Bachelor of Arts, Honours (Financial Economics) Field Of Study Economics at the University of Guelph.
Vince Small
Vince is also the Founder, Principal & Head of Technology and developed the financial services application Spectrum, which is a front to back platform used by wholesale banks, brokers and Wealth Management banks. Vince studied at The Ohio State University his Bachelor’s Degree Field of Study Electrical and Computer Engineering.
Stoyan Vlahovski
Stoyan Vlahovski is the Community Manager at AbacasXchange and specializes in Social Media marketing, with a focus on Facebook Ads. He is experienced in Blogging, WordPress, Email and Affiliate Marketing
Dan Raykhman
Dan is the CEO at Fungible Networkand also a FinTech veteran, entrepreneur, inventor, and mentor.
David Wong
David Wong is the CEO @ Midpoint, Director @ Expadis Capitaland a London-based entrepreneur and investor in disruptive technologies.
Raghunathan Muralidharan (Murali)
Raghunathan is the Chief Financial Officer (CFO) of Tri-Star Group.
Jean-Baptiste Cebe
Jean-Baptiste Cebe is the Chief Technical Officer CTO of Seekers Capital Group, an asset management company.
Dr. Dylan Attwell-Duval
Dr. Dylan Attwell-Duval is a number theorist with a PhD in Mathematics from McGill University.
Mohan Gandhi
Mohan Gandhi Ponnaganti is leading White hat hacker and Cyber security expert in Crypto currency space.
For more information about AbacasXchange and its ABCS token, you can visit online at https://token.abacasexchange.com/ or visit the company whitepaper available at https://abacasexchange.com/wp-content/uploads/The-Abacas-Protocol-Dec-2017-WP-VLSMV-v1.3.pdf
Bitcointalk Username: tpq01349
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1972940
No comments:
Post a Comment