Azbit is a banking institution and cryptocurrency exchange that recently announced an ICO. Find out everything you need to know about Azbit today in our review.
Official Youtube Presentation
Azbit is a Cryptocurrency financial ecosystem from A to Z, including: Crypto banking institution, Cryptocurrency exchange with built-in margin and algorithmic trading, Investment platform offering social copytrading, SAMM accounts and portfolio management tools, Multicurrency cryptowallet.
The first exchange is Azbit Pro Exchange, which will use Azbit Shares tokens, or AZS. This exchange will operate in the EU under an EU-based parent company. It will offer fiat currency trading, margin trading, and algo trading, with tokens sold via the ICO.
The other exchange is Azbit Global Exchange, which will use Azbit tokens, or AZ. This exchange will operate in Central America under Central American jurisdictions. It will not offer fiat currency trading, although it will offer 1:1 margin trading and algo trading. The AZ tokens used in this exchange will be distributed via an airdrop. AZS token holders will receive AZ tokens via airdrop free of charge.
Both exchanges will offer SAMM, RAMM, and portfolio management as investment products.
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QUESTIONS YOU HAVE ASKED US
How Does Azbit Work?
Azbit aims to offer three core functions through its platform, including a banking institution, a cryptocurrency exchange, and an investment platform from a single convenient dashboard:
Bank Institution
Azbit aims to create a bank institution that fully complies with banking legislation. The goal is to create a system that meets “the pressing need that other blockchain projects and private individuals have for traditional banking services, while fully complying with banking legislation.” In other words, crypto users can access a full-featured, legal bank catered to their unique needs.
Cryptocurrency Exchange
Azbit’s team has already launched a cryptocurrency exchange. That exchange has been operating successfully and growing since 2016 (you can view the exchange at Bitsane.com). Azbit will use their experience and the foundations of this exchange to add crypto functionality to their upcoming platform.
Azbit Fees
Azbit plans to monetize its platform with various fees. Those fees include all of the following:
- Exchange Commissions: 0.1% fee per transaction
- Investment Platform Commissions: 5% success fee
- Mining Pool Commission: Fixed 0.25% PPS
- Margin Trading Commissions: 0.1% fee per transaction
- Electronic Payment System Commissions: TBD
- Bank Commissions: TBD
Azbit Conclusion
Azbit is a full-featured banking, investment, and exchange ecosystem for cryptocurrency users. The goal is to create a highly-functional ecosystem where investors can trade cryptocurrencies, access investment products (including SAMM and RAMM accounts), and enjoy modern banking services.
Azbit just announced its token sale. The pre-sale is scheduled to begin on July 1, with a main ICO scheduled for September 2018.
To learn more about Azbit and how it works, visit online today at Azbit.com.
Roadmap
OCTOBER 2018
Initial mobile and web application design
OCTOBER 2018
Opening of first Blockchain Hub in Berlin
Technological Development
Real Estate Development
DECEMBER 2018
Finishing application testing
MARCH 2019
Application registration
Q1 2019
Opening of three additional Blockchain Hubs
(London, Moscow, New York)
APRIL 2019
Live application release
JUNE 2019
First rewards release
JUNE 2019
Goal: Over 500 global partners (shops, hotels, restaurants) accept payment
AUGUST 2019
Future roadmap community voting
DECEMBER 2019
Rollout complete: token payment accepted at all locations
Advisors
Team
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