Azbit’s main project is initially being established under European jurisdiction, with existing regulations in mind, so as to ensure unhindered access to traditional markets. The company is also creating a number of subsidiaries, which will be registered independently in other jurisdictions in order to provide the functions users need. It offers sophisticated investment instruments: copy trading, social trading, and portfolio management.
The basic objective of banking service is to provide access to the traditional financial services of other cryptocurrency market participants to blockchain start-ups and established businesses, private individuals and crypto enthusiasts, as well as to support all the Azbit ecosystem’s services and reduce internal operating expenses and risks, thereby helping to increase profit. This will be achieved through the following features:
– Account opening and servicing
– Account services and payments (SWIFT, SEPA)
– Payments and accounts in national currencies
– Fiat payment services
– Fiat deposits for Azbit services
– Custodial accounts- Segregated accounts- Market-rate currency exchange
– Payment cards
– Issuing and processing debit cards / Contactless payments
– Cryptocurrency portfolio-backed P2P lending- B2B services (white label, API)
– Brokerage (forex, stocks).
Account services and payments (SWIFT, SEPA)
A basic requirement of any project working with fiat currencies is payment processing. The choice of a sophisticated regulator will allow people to organize this process as effectively as possible. The own experience and understanding of internal processes will help people to build relationships with clients, whom other will be able to advise and help to avoid potential risks. In order to provide a full-scale banking service, connection to the SWIFT and SEPA networks will be arranged. At the approval stage, the service will be supported by our correspondent banks, with whom people have preliminary agreements.
Brokerage and blockchain integration
Traditional financial markets remain relevant. For fast and reliable access to the securities, futures and forex markets, clients will have the opportunity to open brokerage accounts. Transactions will be carried out exclusively through the ECN (Electronic Communication Network) on the interbank market. Furthermore, all quotes will be automatically recorded in a blockchain network. This innovation will make it possible to avoid a conflict of interests with traders, as it will always be possible to confirm the status of a transaction in the event of a dispute.
This exchange module will support trading exclusively between cryptocurrency pairs. Its work will be supported by a division of the 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 cryptocurrency trading services.
This module will be supported by European division. Consequently, users will have to undergo a more complicated KYC process, in accordance with EU rules. As a result, 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.
CopyTrade accounts represent an investment product for copying the transaction strategies of leading traders.
– No one other than the investor can withdraw or transfer funds from the account. The investor has complete control of all trading activity.
– The investor always receives the rate of return shown in the statistics for the strategy.
– Investors can arrange to withdraw from the strategy automatically when a critical loss threshold is reached (risk management).
– The fee for using the strategy is payable only if the account’s earnings record is positive.
– If one investor pulls out, this does not affect the others’ results.
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.
Number and distribution of tokens
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
Soft Cap – $7,500,000
Hard Cap – $28,901,376
Participation options – EUR, ETH, BTC, BCH, LTC, DASH, XMR
Total number – 100%
Available for purchase – 60%
Project team – 15%
Reserve fund – 12.5%
Advisors – 7.5%
Affiliate program participants (bounty) – 3%
Airdrop – 2%