Recently, numerous projects are being launched on the innovative Stellar blockchain. This is not surprising, since in comparison with the Ethereum network, Stellar provides much faster, safer, cheaper and energy-saving transactions. The ICO, which we will have a closer look at today, is really huge and ambitious. This is the project of the Argentas financial ecosystem. Its main goal is to make global financial services faster, cheaper, easier, more affordable, safer, connecting new features with a stylish and user-friendly interface.
Just imagine your usual mobile banking application in your phone, but it combines not only the usual bank account, but also the account in the crypto currency, decentralized local and external exchanges, instant international transfers with a commission of less than one cent, access to credit, investments, financial instruments on global level without borders and obstacles in the form of institutional formalities and outside the zone of influence of local monopolies. And all this in a simple and convenient interface — quickly, safely and cheaply!
Naturally, to implement of such a vast project will require a lot of effort and resources. The team working on the development consists of first-class experts from the financial sector, experienced developers, designers and visionaries, following the principles of philosophy and ideology of Satoshi Nakamoto, i.e. the principles of the return of power from centralized organizations to ordinary people, while preserving their privacy, rights and property.
So, Argentas is a project created to solve the following problems:
- The problem of expensive and slow money transfers. Despite the fact that there are already a lot of projects trying to solve this problem, so far few have approached the VISA throughput (50000–60000 transactions per second). For comparison: Bitcoin — 7 t / s, Ethereum — 10 t / s, Litecoin — 56 t / s, Ripple — 1500 t / s, Nano -7000 t / s). And in the field of international payments, the “dinosaur” SWIFT, with an ancient system of correspondent banks and an incredibly high commission, is still dominant.
- The problem of global access to financial resources. There is the task of eliminating injustice, for example, in the form of interest rates imposed by central banks: currently, in some developing countries, loan rates exceed 50% per annum, which simply freezes their development and makes them completely uncompetitive in the global market.
- Creation of banks of a new generation, friendly to crypto-currencies, allowing easy to enter and display both fiat and digital money.
- Creating added value by eliminating artificial barriers, which will undoubtedly become the basis of new cryptoeconomics.
The development of the Argentas ecosystem will include:
- Native 2.0 gen blockchain HYDRANET with a bandwidth of up to a million transactions per second, the problem of scalability will be solved by implementing the Lightnig Network (smart data transfer above the main blockchain) and Smart Sharding. After the launch of Hydranet (the alpha version will be launched in the first quarter of 2019), the team also plans to develop “protection against a quantum computer”, which, under conditions of constantly accelerating technological progress, is necessary.
- Native token — Argentas Exchange Unit (ticker AXU), originally released on the Stellar blockchain. It is planned to transfer the token to its own network after HYDRANET will be launched. In total, 1,000,000,000 AXU tokens will be issued by the pre-mining method, i.e. in future, the network will function on the basis of the deployment of the master nodes and in its own HYDRA Protocol, the coin will not be mined.
- Network Infrastructure: wallets, decentralized exchanges, crypto-friendly banks.
Decentralized applications (Dapps). These are POS terminals, applications for lending, investing, searching for venture capital and KYC applications for identifying and evaluating the client’s reputation.
ICO information
The price of the AXU token on the presale is 2.5 AXU per 1 XLM, which is about 10 cents. The presale with a 50% bonus started on June 8 and will last until the Hard cap is reached (100,000,000 AXU). Recently, about 30% of the funds are collected. Crowdsale is scheduled for the third quarter of 2018, it is planned to place 600,000,000 AXU for sale.
30% of the total number of tokens, i.e. 300,000,000 AXU team reserves for themselves and for the subsequent needs of Argentas.
Website: https://argentas.io/
Whitepaper:https://github.com/argentasio/Documentation/blob/master/whitepaper.md
Twitter: https://twitter.com/argentasio
Facebook: https://www.facebook.com/argentas.io
Telegram: https://t.me/joinchat/HPwImhFyoDHYhgN_WIZj5A
Youtube:https://www.youtube.com/channel/UCTXWWAuLmMqMhKAMWUWoNhw
Instagram: https://www.instagram.com/argentas.io/
Medium: https://medium.com/argentas
BITCOINTALK ID NAME: DEWI08
WALLET ADDRESS (ETH): 0x53D1Ea8619E638e286f914987D107d570fDD686B
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