AZBit (AZBit) Review

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

  • Multi exchange. Azbit customers will have full access to crypto-crypto and crypto-fiat pairs. Traders with a limited deposit will be able to trade with leverage (crypto, fiat, currencies, funds) and to attract investors, increasing their potential profit.
  • Investment platform. Azbit will offer multi-layered investment accounts: CopyTrade, ShareTrade and Portfolio Management. Novice users can copy the transactions of leading traders. Experienced traders, in turn, can increase their capital by attracting investors.
  • CMC.IOA. new market capitalization resource that aggregates the real-time information providing users with AI-based trading signals.
  • AZBIT.ID. The system based on a uniform registration and authentication will provide clients with fast and secure access to all Azbit’s services.
  • AZ.wallet. Wallet facility will use crypto banking infrastructure for cold storage (an offline server in a separate building with bank grade security).
  • Electronic payments. Azbit will offer fast and secure electronic payments for work and services via bank transfers and Visa/MasterCard credit/debit cards.
  • AZ.chain. Azbit is working on developing its own blockchain network to solve the common problems of security, scalability and decentralization.
  • AZ.stocks. Customers will get access to effective trading on traditional stock market, including real-time prices and live charts with 50+ technical indicators.
Pre-Ico Start dateNovember 1, 2017
Pre-Ico End dateNovember 30, 2018
IndustryFinance
PlatformEthereum
Founded2018
Websitehttps://azbit.com/
WhitepaperYes
CountriesSwitzerland
  • Max Zmitrovich. Chief Executive Officer, Co-Founder
  • Alex Siow. Enterprise Risk Manager
  • Lam Riki Pham. Head of Strategic Planning
  • Andy Yeo. Blockchain Lawyer, AML-specialist
  • Joachim Arthur Sorgho. Development (Project Manager)
  • Sergei Ermolitski. Head of Operations, Co-Founder
  • Dmitry Gursky. Chief Business Development Officer
  • Alex Kozorez. Head of Content
  • Michael Yermalitski. Co-Founder
  • Yulia Gushchina. Business Development and Investor Relations
  • Nick Rovneiko. Head of Analytics
  • Azam Khodzhaev. Chief Communications Officer
  • Nikolae Cucuta. Director of the Partner Department
  • Andrew Rohau. Chief Technology Officer
  • Alex Moroz. Chief Marketing Officer
  • 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.
AZBit
StartApril 27, 2019
EndJune 30, 2019
10 days left
TokenAZ
Soft cap$7 500 000
Hard cap$28 901 376
Tokens for sale240844800000
AcceptingETH, BTC, LTC, Fiat

I have already lost count of projects that offer the same concept as Azbit and promise to “disrupt the banking sector” and so on. I wonder, how much money did they pay Roger Ver to endorse them, and whether they did it in Bitcoin Cash. Anyway, they assure of getting compliant with the crypto regulatory requirements in numerous jurisdictions. We’ll see how that plays out after the next G20 Summit, where the bureaucrats will tighten the grip on crypto. Estonia, which licensed Azbit, did that already with severe consequences for the crypto startups.

Benjamin   June 18, 2019  

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