Azbit will provide traditional financial services for crypto projects and private users, as well as access to investment products.
We will offer:
For blockchain businesses and private individuals: traditional fiat banking and financial services,as well as brokerage services providing access to trading on traditional stock and currency markets
For traders and investors: access via a single platform to the most popular cryptocurrencyinvestment tools, such as trade copying, social trading and portfolio management
For every crypto user: access to online trading in cryptocurrencies, as well as utility and security tokens. To this end, we plan to be registered and regulated in all the necessary jurisdictions, includingin Europe, Asia and the US. Our project will have the following components:
A banking service and payment processing
A multi-currency exchange supporting as many cryptocurrencies and utility/security tokens as possible
An investment platform
The Azbit.ID secure identification system
Our multi-currency exchange
At the core of Azbit’s ecosystem is our own cryptocurrency exchange. Our team already has experience of creating such a service — the Bitsane trading platform, which has been successfully operating and growing since 2016. Building on what we have achieved so far, we are aiming to make this functionality as convenient and effective as possible. On one hand, the exchange functionality is a self-contained service. On the other, its features will be used in all the exchange and payment operations of the platform as a whole.
Features of the multi-currency exchange:
A hybrid operating structure: full integration of a traditional centralized structure and a decentralized exchange under a single platform
A wide range of trading tools
The exchange’s operations will be supported by a number of subsidiaries with their own licenses in various jurisdictions. Each module will be responsible for its own functionality and range of trading instruments under a single platform. Users will be able to choose a level of verification, thereby
obtaining access to the services and tools they need.
Relevant exchange modules will support the following services:
▲▲ crypto-crypto trading
▲▲ crypto-fiat trading
▲▲ security token trading
▲▲ a decentralized trading (DEX) module
Crypto-crypto trading
This exchange module will support trading exclusively between cryptocurrency pairs. Its work will be supported by a division of our company that is registered in Central America. This will simplify the KYC process because of the simpler regulations there. Users will immediately have easy and fast access to our cryptocurrency trading services.
Crypto-fiat trading
This module will be supported by our European division. Consequently, users will have to undergo a more complicated KYC process, in accordance with EU rules.
As a result, our clients will be able to enjoy full access to trading in crypto-fiat pairs, and to arrange deposits and withdrawals of fiat assets through bank accounts and in other convenient ways.
Security token trading
This module will be implemented through our American division, which will have an Alternative Trading System (ATS) license. It will make it possible to trade in assets we regard as promising, such as security tokens.
Users wanting access to its features will have to undergo an extensive KYC process, as the ATS’s operations will be fully subject to the control of US regulators (the SEC).
A decentralized exchange
To ensure access to decentralized liquidity, we are also developing a DEX platform. For the most popular cryptocurrencies on the market, liquidity is never an issue. For small-cap instruments, however, it is a serious problem. One way of solving this is to use a model whereby smart tokens are exchanged through Ethereum contracts, as has worked well for Bancor. We will make use of this successful solution at Azbit, and will combine decentralized and centralized liquidity under a single platform.
Our ICO campaign
We decided to use the ICO model for our project, because our expected investors are our potential clients. It is they who will be able to assess the project’s profitability first. Any specialist working with cryptocurrencies will understand our ideas and arguments. The above-mentioned limitations and challenges involved in working with existing services are familiar to any expert in the field.
We are holding the ICO because we know that by involving a wide range of investors we will be able to achieve much more impressive results, and will be able to implement all the planned functions in full to the required standard.
Azbit tokens
As part of our ICO, we will issue Azbit (AZ) tokens.
AZ tokens may be used for the following purposes:
Paying banking fees
Paying exchange fees at a discounted rate
Paying the investment platform’s fees at a discounted rate
Paying for marketplace products
Creating liquidity through the decentralized exchange module
In addition, token holders will take part in an airdrop of new tokens, which will subsequently be
included in the exchange listing.
The discount on the exchange fees will be as follows:
75% in the first year
50% in the second year
25% in the third year
10% in the fourth year
After May 12, 2022, the discount will be fixed at 5%.
Azbit reserves the right to review the procedure for buying back and subsequently destroying a certain number of issued AZ tokens.
AZBIT TOKEN
Name of token Azbit
Symbol AZ
Compatibility Ethereum (ERC-20)
Total number of tokens 401 408 000 000
Tokens available for purchase 240 844 000 000
Token sale value 1 AZ = $0.00012
Participation options EUR, ETH, BTC, BCH, LTC, DASH, XMR
Token issue date Automatically issued during participation in the campaign
Total number 100%
Available for purchase 60%
Project team 15%
Reserve fund 12.5%
Advisors 7.5%
Affiliate program participants (bounty) 3%
Airdrop 2%
ROADMAP
Q4 2016 Our team helps to create the Bitsane exchange.
Q1 2017 Payment Institution (SPI) license obtained in Europe (Czech Republic).
Q2 2018 Launch of the ICO campaign website, Azbit.com. Publication of the final edition of the Whitepaper. Azbit announcement at Consensus 2018 in New York.
Q3 2018 Private Sale campaign (September 1, 2018 - September 30, 2018).
Q4 2018 Pre-ICO campaign (October 1, 2018 - November 30, 2018). Portfolio management module demo launch.
Q4 2018 Main phase of the ICO campaign (December 1, 2018 - January 31, 2018).
Q1 2019 Token listing on major exchanges. Launch of the Azbit cryptocurrency multi-exchange.
Q1 2019 Azbit.ID secure identification platform launch.
Q2 2019 Traditional markets (e.g. Forex, Stocks) access launch.
Q2 2019 Decentralized exchange module. AZ/ Mirror smart contract service announcement.
Q3 2019 Start of margin trading on the Azbit exchange.
Q3 2019 Announcement of the launch of the investment platform. ShareTrade, CopyTrade and Portfolio Management accounts will now be fully available.
Q4 2019 Azbit White Label platform announcement for affiliates and partners.
Q4 2019 Algorithmic trading and algo market support announcement.
Q4 2020 Launch of the Alternative Trading System module for Security Tokens support.
Q4 2021 Launch of the European banking structure. Start of fiat payment processing services for blockchain businesses and individuals.
Website : https://azbit.com
Medium : https://medium.com/@Azbit_news
Whitepaper: https://cdn.azbit.com/docs/en/whitepaper.pdf
ANN : https://bitcointalk.org/index.php?topic=4382120.0
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