What problems does Abacas solve ?
Fees, Fees and More Fees
Currently, it takes a minimum of 3 transactions and fees to exchange gold for UK stocks.
Lack of Transparency
Both traditional and cryptocurrency exchanges have been “gaming” their clients forever.
Lack of Liquidity
Insufficient number of buyers or sellers for your asset.
Loss of “Keys” is Fatal
If you lose your private key, there’s no way to recover your funds.
How does Abacas solve them ?
One Transaction – Minimum Fees
With Abacas you can, for example, buy stocks using gold in one transaction. It’s that simple.
All transactions are posted on a public ledger and can be viewed by anyone. The Abacas order management process is transparent to the community.
Liquidity Enhancement Direct & Indirect Trading
Selling GOOG is no longer one dimensional. If you want to sell 1000 GOOG, you can decide to receive some GLD or MSFT or BT or EUR or USD or ABCS or BTC. This creates an infinite coincidence of supply.
The AbacasXchange audits the community ongoing to ensure that tokens and assets are in equilibrium. The AbacasXchange “safety deposit box” provides a decentralized secure backup for your private keys.