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.
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.
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.
| Pre-Ico Start date | November 1, 2017 |
|---|---|
| Pre-Ico End date | November 30, 2018 |
| Industry | Finance |
| Platform | Ethereum |
| Founded | 2018 |
| Website | https://azbit.com/ |
| Whitepaper | Yes |
| Countries | Switzerland |
| Start | April 27, 2019 |
|---|---|
| End | June 30, 2019 |
| Expired | |
| Token | AZ |
| Soft cap | $7 500 000 |
| Hard cap | $28 901 376 |
| Tokens for sale | 240844800000 |
| Accepting | ETH, BTC, LTC, Fiat |
I don’t get why people are mocking Azbit. I think that this project has all that it takes to be successful: a government license, a strong social media presence and great publicity, the MVP, and a far-reaching road map. Roger Ver might seem a bit controversial to some crypto “experts”, but there is no doubt that his words carry weight in the crypto community. So, I think that Azbit did the right thing by using his popularity for publicity purposes.
So, I open the Azbit home page and see Roger Ver and John McAfee endorsing this project. Lovely, isn’t that the biggest turnoff that its CEO Max Zmitrovich could have come up with? Adding Warren Buffet to the list could have made a total bingo! That is a shining example of how you can screw up a project even while having an okayish concept and MVP. Maybe that works for someone, but these two are the meme heroes, and I am not the kind of guy to trust McAfee’s judgment.
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.
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