Exonium is proud to launch the IEO for Abele Trust from 26 August 2019 10:00am GMT+8 to 28 August 2019 10:00am GMT+8 on EXOLaunch.
Abele Trust is an offshore neobank that uses blockchain technology and artificial intelligence to service the needs of institutional and retail clients. It seeks to build the world’s largest online bank.
Abele Trust addresses four problems that plague the financial system:
1. Monopoly by large entrant corporations
Large global retailers have begun to cross over to crypto territory by developing proprietary digital coins. Big names like Samsung, Apple, Alibaba and Facebook have made waves online for delving into the crypto projects of their own. Buyers of these anticipated tokens could store their crypto assets with the corporations. These giants then become unregulated banks with too much centralised power.
2. Forgotten coins and tokens
Some early adopters of crypto have made the mistake of disposing old computers as hardware advanced through the years. As a result, billions of dollars in tokens were lost. It is estimated that a quarter of all Bitcoin is forgotten as a result of outdated storage methods.
3. Lack of digital custodian for crypto hedge funds
Over 150 crypto hedge funds are operating globally without a secure storage method for assets of their clients. The multi-signature wallets of exchanges are not sufficient to protect the millions or billions of dollars invested. An institutional standalone digital custodian is needed for crypto assets.
Abele Trust fills the gap as a digital custody depository, storing and safeguarding coins and tokens. It is highly scalable custodian that is powered by blockchain and artificial intelligence. It has the following objectives:
* Increase the usage of digital assets
* Provide investors with digital safe storage platform
* Increase allocations to cryptocurrency funds
* The custodial depository protects the cryptographic and digital assets of retail and institutional investors.
Abele Trust IEO structure
The IEO can go by in a blink of an eye, so take note of the following to avoid inconveniences on the day of the IEO:
- Register for an account on Exonium
- Complete your KYC procedure to participate
- Only CSM & ETH is accepted for this IEO, so do deposit your CSM & ETH in advance for a hassle-free IEO.
- Citizens from the USA will not be allowed to participate in this IEO.
The EXOLaunch team is dedicating its full resources to the Abele Trust IEO to ensure a smooth event for all participants. Catch the real-time updates tomorrow via Exonium’s social accounts on Twitter and Telegram. For urgent matters, email us at email@example.com.