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AbacasXchange Panama

AbacasXchange

Abacas eliminates complexity and cost by offering an ethically-constructed, compliant, direct asset for asset exchange for all financial assets.

About AbacasXchange

Abacas is a universal exchange that allows you to trade, exchange or transfer any asset (Cryptocurrencies, Stocks, Commodities, etc.) 

AbacasXchange stands for fair financial markets and is ethical towards its investors. Crypto-exchanges are fraught with conflicts of interest as they fulfil the role of a matching engine, custodian, broker-dealer, market-maker [at times], settlement agent and order manager. Abacas acts solely as an operator and matching engine. Abacas has no conflicts of interest in its process.
 
Subject to regulations, the AbacasXchange allows you to tokenize your own assets. For example, you can deposit an asset to custody, it is then tokenized and can be transferred on the AbacasXchange.

What makes AbacasXchange better?

1. One Transaction - you exchange any asset in one transaction. This saves you 50% or more from fees.
2. Fully Transparent - all transactions are posted on a public ledger and can be viewed by anyone.
3. Liquidity Enhancement Direct & Indirect Trading - 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.
4. Asset Security - no chance to lose your private keys.

Why can't another currency or cryptocurrency be used as a native payment token? For example, USD or ETH.

 Imagine a typical transaction in which a client wishes to trade from a mosaic on XEM to an ERC20 token via the exchange. That single transaction may require 8 or 10 “partner chain” validations eg PoA (Proof of Asset), AML/KYC, Value Transfers, custodial validations, regulatory validations subject to asset class – each of these chains and suppliers may have a different pricing models based on their service or asset which means that a client would need to hold many 100s of currencies at any time. This is highly inefficient and impractical. The ABCS readily conveys between all of the chains mitigating the cost and nuisance of the micropayments as it relates to the activity in the AbacasXchange.

How does the transaction process work?

The transaction itself happens as it would on any exchange – order management, price discovery, trade matching and confirmation. For the investor – the client examines the metadata of the asset in which he is considering investment and, based upon the risk profile, decides if this is the asset for him/her. Abacas provides no investment opinion or advice.

The asset to be purchased is exchanged simultaneously for an asset in the buyer’s wallet or account. This means that clearing and settling an internal trade takes seconds not days.

With ABCS, two or more clients can exchange assets of any type in direct transactions; for example, a client can purchase “equity” directly using “gold” in a single transaction. Pre-Abacas, this process would take up to three transactions and up to two fund transfers, each incurring a fee. Where applicable, Abacas uses its partners to ensure that a relevant client transaction meets the regulatory and compliance requirements for the transaction to be consummated eg. AML/KYC, MiFID, PoA.

Highlights about the team:

- In total, more than 100 years experience in the financial industry
- Both founders have had their own successful companies (in the financial industry)
- All advisors are high-quality people

Mark VanRoon
Mark VanRoon

Head of Product Development & Co-Founder

Vince Small
Vince Small

Head of Technology & Co-Founder

Wouter Bijl
Wouter Bijl

Head of Public Affairs

Tristan Bieleveld
Tristan Bieleveld

Lead Social Media Ambassador

Robert Schmidt
Robert Schmidt

Lead Content Creator Ambassador

Stoyan Vlahovski
Stoyan Vlahovski

Brand Ambassador

Chuks Gabriel
Chuks Gabriel

Social Media Ambassador

Kai Bloetjes
Kai Bloetjes

Lead Marketing Ambassador

Divij Sood
Divij Sood

Social Media Ambassador

Jean Jose Garcia Molina
Jean Jose Garcia Molina

Lead General Ambassador

1
2017-05-31 21:52:25
END DATE
START DATE
2016-09-01 21:52:07

Prototype Complete. Abacas Trades Tokenized Assets

2
2017-11-30 22:18:38
END DATE
START DATE
2017-06-01 22:18:19

Initiate Build AbacasXchange

3
2018-03-31 22:20:49
END DATE
START DATE
2017-12-01 22:20:41

Angular 4/Typescript 2 Azure Micro Services

4
2018-06-30 22:22:19
END DATE
START DATE
2018-04-01 22:22:14

Token Infrastructure Build

5
2018-06-30 22:23:22
END DATE
START DATE
2018-06-01 22:23:16

Connect to Testnet

6
2018-09-30 22:25:03
END DATE
START DATE
2018-07-01 22:24:24

Alpha Release #1

7
2018-10-31 22:26:03
END DATE
START DATE
2018-10-01 22:26:01

MVP

8
2018-11-30 22:27:19
END DATE
START DATE
2018-11-01 22:27:13

Custodian Integration

9
2018-12-31 22:28:30
END DATE
START DATE
2018-12-01 22:28:26

Beta 1

10
2019-04-30 22:30:11
END DATE
START DATE
2019-04-01 22:29:42

Release Candidate 1

11
2019-05-31 04:06:52
END DATE
START DATE
2019-05-01 04:06:09

Release Candidate 2

12
2019-06-30 04:14:36
END DATE
START DATE
2019-04-01 04:14:23

AbacasXchange Launch

5.0

1
  • PREMIUM
Token
Platform
MVP/Prototype
Bonus
Bounty
Accepting
Minimum investment
Softcap
Hardcap
Restricted areas
KYC
Whitelist
Country
Panama