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[nixon99]

In short, the point is that the bank will provide operations in the framework of our ecosystem with fiat, and the payment system will provide operations with cryptocurrencies. So far, these two worlds are separate and come into contact only on crypto exchanges.

Can you tell me in detail. I'm in no hurry.)

Oк) In relating the details - the bank will provide a number of unique services, which are not directly related to payment systems. For example, resale of liquidity, deposit storage of fiat and cryptocurrency on cold wallets. The bank’s basic role is to support all the Azbit ecosystem services and thereby reduce internal operating expenses and increase profit. Bank’s services:
-Payments and accounts in a variety of national currencies
-Crypto-fiat exchange, and vice versa.
-Deposit accounts
-Segregated accounts
-Brokerage
-Payment cards
-Credit cards (in case of obtaining Visa/Mastercard Principal Member status)

Our payment system will provide support and processing for all online and cryptocurrency payments. At the same time, the bank will carry out interbank transfers in the fiat currencies. That is, the functions of the payment system will include:

-Online exchange between users
-Online payments
-Built-in currency conversion
-Instant Exchange
-Fiat currency exchange
-P2P debt platform
-Cryptocurrency portfolio-backed P2P lending

[StarFromTheSky]

Thank you for the detailed response. So, are you planning to issue Visa / MasterCard?

[nixon99]

Thank you for the detailed response. So, are you planning to issue Visa / MasterCard?

Yes, if we obtain Visa/Mastercard Principal Member status. This is one of our tasks.

[Vicktorchan]

And what does the resale liquidity mean? Liquidity of what?

[fancy2973]

AZS holders will receive dividends from the profit of the entire platform, not only its trade and investment part. Everything's gonna be okay.)

How do you plan to earn in general, except commissions on SAMM, RAMM?

Exchange commissions, mining pool commissions, the percentage from incubator’s successful ICO, paid content on the info portal, selling trading robots on the Algo Market, payment system, banking services for individuals and businesses. I think that’s all)

In terms of features and tools, are you going to offer anything that does not exist as of today? Anything innovative?

[nixon99]

AZS holders will receive dividends from the profit of the entire platform, not only its trade and investment part. Everything's gonna be okay.)

How do you plan to earn in general, except commissions on SAMM, RAMM?

Exchange commissions, mining pool commissions, the percentage from incubator’s successful ICO, paid content on the info portal, selling trading robots on the Algo Market, payment system, banking services for individuals and businesses. I think that’s all)

In terms of features and tools, are you going to offer anything that does not exist as of today? Anything innovative?

Of course, all features and tools of our platform exist quite a long time). But, we think, innovation is to bring them under a single ecosystem.

[nixon99]

And what does the resale liquidity mean? Liquidity of what?

Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price. That is, if there are enough participants and funds on the crypto market or crypto exchange, you can buy or sell the necessary coins at the average market price - and do it quickly. If there is not enough liquidity - you will either be forced to exhibit/accept unprofitable prices to find a buyer/seller more quickly. Or you will wait very long for the buyer/seller. Liquidity on big and popular exchanges is higher, on small and little known - lower.

[AndYou]

Do you have competitors? If so, how are you better than them? What is your main feature?

[Krutikovich]

Do you have plans to promote your platform? You have a plan in the White Paper launching the platform in 2020. After that, is there a specific algorithm for how you will conquer new markets?

[nixon99]

Do you have competitors? If so, how are you better than them? What is your main feature?

There are so many crypto exchanges, wallets, platforms around the world now. We believe such ecosystem as ours is the next stage of the crypto platforms development. And we’ve already prepared to implement the crypto exchange and payment system. They are practically ready, 80-90%, as we already have the main software template - operating Bitsane crypto exchange.

[nixon99]

Do you have plans to promote your platform? You have a plan in the White Paper launching the platform in 2020. After that, is there a specific algorithm for how you will conquer new markets?

We are planning to promote ourselves through different channels. Forums, conferences, media, etc. Azbit as an ecosystem includes the following tools:   exchange, bank institution, investment platform and electronic payments. And each of them will be launched gradually. The first exchange, Azbit Global, will be launched in Q4 2018.

[AndYou]

Do you have competitors? If so, how are you better than them? What is your main feature?

There are so many crypto exchanges, wallets, platforms around the world now. We believe such ecosystem as ours is the next stage of the crypto platforms development. And we’ve already prepared to implement the crypto exchange and payment system. They are practically ready, 80-90%, as we already have the main software template - operating Bitsane crypto exchange.

It is perfectly. But why do people need an ecosystem? They just want to change money.

[nixon99]

Do you have competitors? If so, how are you better than them? What is your main feature?

There are so many crypto exchanges, wallets, platforms around the world now. We believe such ecosystem as ours is the next stage of the crypto platforms development. And we’ve already prepared to implement the crypto exchange and payment system. They are practically ready, 80-90%, as we already have the main software template - operating Bitsane crypto exchange.

It is perfectly. But why do people need an ecosystem? They just want to change money.

Well, the main idea behind the Azbit project is to bring traditional financial and investment services to the cryptocurrency industry under a single ecosystem. Having a single ecosystem will mean faster and less expensive KYC procedures, and will also make it cheaper to deposit and withdraw fiat currencies in these services.

[Wang_Brandon]

I suppose this plan is very good and interesting.
Unprejudiced vision,  detailed and profitable results, wondrous website!

[Aleksandra 81]

Azbit team, do you have any restrictions on payment acceptance for AZS tokens? I see the list of accepted cryptocurrencies on the site. What is the minimum payment?

[nixon99]

Azbit team, do you have any restrictions on payment acceptance for AZS tokens? I see the list of accepted cryptocurrencies on the site. What is the minimum payment?

No, currently not. However, according to the results of launching ICO minimum payment amount might be fixed, but not now.

[oficman]

Azbit team, do you have any restrictions on payment acceptance for AZS tokens? I see the list of accepted cryptocurrencies on the site. What is the minimum payment?

No, currently not. However, according to the results of launching ICO minimum payment amount might be fixed, but not now.

If I want to transfer crypto from the exchange wallet, it's ok?

[nixon99]

Azbit team, do you have any restrictions on payment acceptance for AZS tokens? I see the list of accepted cryptocurrencies on the site. What is the minimum payment?

No, currently not. However, according to the results of launching ICO minimum payment amount might be fixed, but not now.

If I want to transfer crypto from the exchange wallet, it's ok?

No, we only accept payments in tokens from personal desktop or cold wallets. Payment from the exchange wallet  is not accepted

[Isopancer]

How is that?

[nixon99]

How is that?

I’ve consulted with our developers - this restriction was imposed for security reasons –wallets at crypto exchange, in general, don’t have private keys. And we operate the policy of strict identification of our users and payments with regard to transactions with security tokens (and in the future – fiat currencies) within our ecosystem.