AbacasXchange is a new system for the registry and peer-to-peer exchange of tokens, mosaics and less liquid cryptocurrencies through highly liquid cryptocurrencies and asset tokens known as Gateway Assets (BTC, ETH, XEM, etc.) Using Gateway Assets, the AbacasXchange forms liquidity chains between three or more assets to connect and form a price between two assets that may not exist otherwise. The Liquidity Chains that are formed provide greater opportunities for buyers and sellers to connect on disparate assets, but this can only exist on an exchange that insures the integrity of the process and assets of the exchange. The AbacasXchange enforces the integrity of assets traded through a set of rules and procedures known as the Abacas Protocol. The Abacas Protocol provides for user identity; asset proof of existence, proof of provenance and proof of authenticity; custody and trust of the underlying asset of a digital token; low latency price discovery; low friction order entry; smart order linkage for cross-asset liquidity; integrated block chain services for open and distributed workflow processing and value transfer over multiple distributed ledgers.
|Soft cap||2,805,000 USD|
|Hard cap||32,187,500 USD|
|Restrictions||United States of America|
|Country||United States of America|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Internet of Financial Things
The Internet of Things (IoT) is a recent phenomenon from the Smart Home with connected devices to digital assistants such as Siri and Alexa to the watch you wear that is monitoring your health, planning your day and of course telling you literally the time.
Asset Exchange through Blockchain Integration
The problems plaguing mass acceptance of the blockchain and distributed ledger technologies as an alternative to traditional practices of asset trading, settlement and accounting stem from the deep infrastructure that has been built over a half century to both regulate and process the exchange of these assets.
As distributed blockchain ledgers become an accepted registry of asset ownership and digitized value transfer, there must be a method of exposing these tokenized assets for trade and exchanging one asset for another. As a result, exchanging tokenized assets requires a set of rules and procedures to insure the integrity of the counterparty, the assets and the transaction, in order to protect the rights of ownership to the underlying asset.
Security & Transparency
The AbacasXchange provides a matched order book for the placement of market and limit orders across all assets on the exchange. Where liquidity cannot be discovered directly, the AbacasXchange will attempt to link orders through “Gateway Assets” to form a liquid price on the token pair to be traded.
Blockchain Database Provider
A new company, Database On-the-Chain (OTCdb) is founded with the intent of providing a distributed database service using blockchain technology. Using the blockchain as the fundamental record keeper of database transactions, OTCdb has built programmer APIs in a multitude of programming languages including Java, C++, C#, Python and Node.js.
Blockchain Medical Records
A new initiative to make medical records publicly available to health care providers globally is underway using a blockchain database for record storage and retrieval. The organization is called Doctor’s Exchange whereby medical records are uploaded and made available to all relevant health care providers on a permissioned basis by the patient.
Mark Vanroon HEAD OF PRODUCT DEVELOPMENT
Vince Small CTO
Dan Raykhman ADVISOR
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