AbacasXchange

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Ico logo abacasxchange.jpg Lowers Your Trading Costs by 50% or More
Rating 3.4
Team Vision Product
3 2 2


Summary[edit]

Abacas allows you to trade any asset for any asset. You can trade AAPL stock for BTC in 1 transaction. This reduces a great deal of the transaction cost.

Token ABCS
Price 1 ABCS = 1.40 USD
Bonus Available
Platform Ethereum
Type ERC20
Accepting ETH, BTC
Minimum investment 1 ETH
Distributed in ICO 55%
Soft cap 2 805 000 USD
Hard cap 32 187 500 USD
Tokens for sale 30000000
Country Panama
Restricted areas USA
preICO start preICO end ICO start ICO end
2018-04-01 00:00:00 2018-04-30 00:00:00 2018-06-15 00:00:00 n/a


About[edit]

Abacas is a universal exchange that allows you to trade, exchange or transfer any asset (Cryptocurrencies, Stocks, Commodities, etc.) 

AbacasXchange stands for fair financial markets and is ethical towards its investors. Crypto-exchanges are fraught with conflicts of interest as they fulfil the role of a matching engine, custodian, broker-dealer, market-maker [at times], settlement agent and order manager. Abacas acts solely as an operator and matching engine. Abacas has no conflicts of interest in its process.
 
Subject to regulations, the AbacasXchange allows you to tokenize your own assets. For example, you can deposit an asset to custody, it is then tokenized and can be transferred on the AbacasXchange. 

What makes AbacasXchange better?

1. One Transaction - you exchange any asset in one transaction. This saves you 50% or more from fees.
2. Fully Transparent - all transactions are posted on a public ledger and can be viewed by anyone.
3. 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.
4. Asset Security - no chance to lose your private keys.

Why can't another currency or cryptocurrency be used as a native payment token? For example, USD or ETH.

 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 eg 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. The ABCS readily conveys between all of the chains mitigating the cost and nuisance of the micropayments as it relates to the activity in the AbacasXchange.

How does the transaction process work?

The transaction itself happens as it would on any exchange – order management, price discovery, trade matching and confirmation. For the investor – the client examines the metadata of the asset in which he is considering investment and, based upon the risk profile, decides if this is the asset for him/her. Abacas provides no investment opinion or advice.

The asset to be purchased is exchanged simultaneously for an asset in the buyer’s wallet or account. This means that clearing and settling an internal trade takes seconds not days.

With ABCS, two or more clients can exchange assets of any type in direct transactions; for example, a client can purchase “equity” directly using “gold” in a single transaction. Pre-Abacas, this process would take up to three transactions and up to two fund transfers, each incurring a fee. Where applicable, Abacas uses its partners to ensure that a relevant client transaction meets the regulatory and compliance requirements for the transaction to be consummated eg. AML/KYC, MiFID, PoA.

Highlights about the team:

- In total, more than 100 years experience in the financial industry
- Both founders have had their own successful companies (in the financial industry) 
- All advisors are high-quality people

When will the AbacasXchange be operational?

 The AbacasXchange will launch in Q1/2 2019. There will be an MVP soon. 


AbacasXchange[edit]

Team photo 2206-23327.jpg
Vince Small
Founder, Principal and Head of Technology
Team photo 2206-23328.jpg
Mark Vanroon
Founder, Principal and Head of Product Development
Team photo 2206-23329.jpg
Stoyan Vlahovski
Community Manager


Advisors[edit]

Team photo 2206-23330.jpg
Mohan Gandhi Ponnaganti
CEO, Entersoft Security
Team photo 2206-23331.jpg
Dylan Attwell-Duval
Number theorist, PhD in Mathematics
Team photo 2206-23333.jpg
Jean-Baptiste Cebe
CTO of Seekers Capital Group


Team photo 2206-23334.jpg
Raghunathan Muralidharan
CFO of Tristar Group
Team photo 2206-23335.jpg
David Wong
Chairman & CEO, Director Midpoint.com
Team photo 2206-42363.jpg
Sal Recco
CCO, Jaguar Capital


Team photo 2206-42367.jpg
Tal Zander
Co-Founder and CEO at FundFantasy
Team photo 2206-42462.jpg
Dan Raykhman
CEO at Fungible Network



Milestones[edit]

  1. Alpha Release
    The alpha version of AbacasXchange will be released in June 2018
  1. Beta Release
    The beta version of AbacasXchange will be released in August 2018
  1. Release Candidate #1
    The release of Candidate #1 will be in October 2018
  1. AbacasXchange Official Launch
    The launch of the official version will be in January 2019

Ratings[edit]

Expert photo michael-williamson-1511229984.jpg

Michael Williamson - Blockchain Consultant, MBA, LSSGB, Former USA Financial Advisor, Insurance Agent
Rated on 2018-05-06

In my opinion, you should do the KYC check, the team appears to be decent, I don't see any advisors. I think the vision is ok, but your attempting to do way too many things at once.

*Please see my profile for disclosures.

Rating
Team Vision Product
3 2 2

Expert photo benchy.jpg

Benchy - ICO Analyzer Bot
Rated on 2018-10-17

Rating
Team Vision Product
0 0 0