AZBit – ICO Detailed Information

With the arrival of 2019, the desperate situation within the cryptocurrency space started seeing a turn for the better. The prices had finally started growing, slowly at first, but even that was a welcome change during the first few months of this year. As time went on, bull runs started becoming more frequent, as well as stronger.

These days, major coins are known for massive unexpected surges, and Bitcoin has grown by $1,000 within 24 hours several times now. With the improvement of the market, some of the old trends — particularly ICOs, which were believed to have gone extinct — started coming back.

Right now, there are plenty of token sales that new projects are holding, and with the investors' optimism refreshed, many of them stand to gain considerable amounts. Among multiple new ICOs, one of those that stand out is Azbit ICO.

About Azbit

Azbit is a project that aims to provide traditional financial services for cryptocurrency projects, as well as private users. The project's main objective is to meet the needs of both individuals and other projects of the sector, and provide access to investment products, as well as to the crypto trading markets.

The project plans to offer traditional fiat banking and financial services for businesses and individuals, in addition to brokerage services that will allow trading on stock and crypto markets. Traders and investors would also receive access to the most popular crypto investment tools through a single platform. This includes trade copying, portfolio management, social trading, and other similar tools. Additionally, every crypto user would gain access to online crypto trading, including securities and utilities.

The company also plans to register and become compliant with regulations in Asia, the US, and Europe.

Azbit ICO details

Naturally, Azbit's platform will need its own token, which is currently available through its ICO. The project already had its pre ICO time, which started on October 1st, 2018, and ended on November 30th. However, its ICO only started about a month ago, on April 27th, and will end on June 30th, in about 38 days.

The token in question is known as AZ — a utility token that is actually launched on Bitforex Launchpad. The token features the same price as the one during its preICO period — $0.00012 per each unit. It was developed on Ethereum's platform, which makes it an ERC-20 token.

Of course, that means that investors can purchase it in exchange for ETH, but also BTC, LTC, and even fiat currencies. The project also comes with a bounty and a prototype, and it set up a soft cap of $7,500,000, and a hard cap of $28,901,376. To participate, investors will have to go through KYC and Whitelist procedures.

Additionally, it should be noted that the project is based in Switzerland, but it has a long list of restricted areas, meaning that those located in these regions cannot participate. The list includes multiple countries, including Canada, Singapore, Burma - Myanmar, Ivory Coast, Cuba, Cong, Iraq, Iran, North Korea, Liberia, Syria, Sudan, and Zimbabwe. Those located in other countries are free to participate, provided that they have access to Bitforex and its launchpad.

However, before participating, investors should go through the project's white paper and carefully study all the details regarding the project. Although Bitforex has chosen to support it confirms its legitimacy, it is always best to know what you are investing in prior to committing to it.

Author: Ali Raza for Crypto-Rating.com

• Q4 2016. Our team helps to create the Bitsane exchange.
• Q1 2017. Payment Institution (SPI) license obtained in Europe (Czech Republic).
• Q2 2018. Launch of the ICO campaign website, Azbit.com. Publication of the final edition of the Whitepaper. Azbit announcement at Consensus 2018 in New York.
• Q3 2018. Private Sale campaign (September 1, 2018 - September 30, 2018).
• Q4 2018. Pre-ICO campaign (October 1, 2018 - November 30, 2018); Portfolio management module demo launch.
• Q4 2018. Main phase of the ICO campaign (December 1, 2018 - January 31, 2018).
• Q1 2019. Token listing on major exchanges; Launch of the Azbit cryptocurrency multi-exchange.
• Q1 2019. Azbit.ID secure identification platform launch.
• Q2 2019. Traditional markets (e.g. Forex, Stocks) access launch.
• Q2 2019. Decentralized exchange module; AZ/ Mirror smart contract service announcement.
• Q3 2019. Start of margin trading on the Azbit exchange.
• Q3 2019. Announcement of the launch of the investment platform. ShareTrade, CopyTrade and Portfolio Management accounts will now be fully available.
• Q4 2019. Azbit White Label platform announcement for affiliates and partners.
• Q4 2019. Algorithmic trading and algo market support announcement.
• Q4 2020. Launch of the Alternative Trading System module for Security Tokens support.
• Q4 2021. Launch of the European banking structure. Start of fiat payment processing services for blockchain businesses and individuals.