What is Azbit?
Azbit (AZ) is a cryptocurrency exchange that aims to provide financial services, payment processing, multi-currency exchange, investment platforms, and a secure identification system to its users. The platform offers spot trading, margin trading, crypto-backed loans, and other services to both traders and enterprises.
Azbit aims to prioritize establishing a transparent and legal relationship with its stakeholders, and the platform aims to comply with regulatory requirements while providing access to traditional stock markets and forex markets. Azbit also seeks to eliminate the contradictions between brokers and traders' interests by recording quotations in a blockchain.
As a multi-currency exchange, Azbit offers traders access to cryptocurrency instruments, traditional currencies, and security tokens. The platform also enables successful traders to generate extra trading funds and users to acquire cryptocurrencies effectively. Azbit.ID, a quick and secure access system for all services, provides users with a single registration and access control service. Additionally, Azbit.ID allows other blockchain initiatives to utilize its platform.
The native token of Azbit is AZ, an ERC20 token based on the Ethereum blockchain. The AZ token provides utilities such as payment of transaction fees, platform fees, purchase of marketplace products, and liquidity creation through the DEX module.
The Azbit project was announced by Max Zmitrovich, the CEO, and co-founder, at the Consensus conference in New York in 2018. In 2019, the platform listed AZ tokens in major exchanges, and the mainnet was launched in 2020. According to the whitepaper, the total supply of AZ tokens is 138,888,888,888.
In summary, Azbit seeks to bridge the gap between the traditional and cryptocurrency sectors by offering multiple financial services and providing traders access to various instruments. The platform aims to comply with regulatory requirements while offering transparency and legal compliance to its stakeholders. With the use of blockchain technology and its native token, AZ, Azbit aims to provide a secure and efficient platform for its users.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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