Azbit ICO Review

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

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White Paper

What is Azbit about

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.