Our most asked questions from blockchain to operations.
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1. What is an intuitive definition of Blockchain?
2. What is the scientific definition of Blockchain?
3. Why is it so difficult to understand what Blockchain really is?
4. Why does Blockchain software appear so complicated?
5. What is a distributed ledger?
6. What is the difference between public and private Blockchain?
7. How difficult is developing and managing Blockchain based software compared to more traditional applications?
8. What are the biggest risks for using Blockchain technology as opposed to other more traditional IT solutions?
9. Why has Blockchain surged as one of the most powerful innovation on the Fintech landscape?
10. What is the Token Economy?
11. What is a real life example of the Token Economy?
12. What growth rate do you anticipate in the Digital (Crypto) Market?
13. Can Blockchain provide more security for client and transaction data compared to traditional data repositories?
14. What is a digital custodian?
15. What is a crypto hedge fund?
16. What is ABELE Group?
17. What problem does ABELE solve?
18. What will ABELE aim to do with the raised funds?
19. Where do you fit in the Crypto/Digital space?
20. Who are ABELE Group’s target customers?
21. Who is behind the ABELE group?
22. How has the team funded current operations to this point?
23. How long has the team worked together?
24. Who is the best coder on the team?
25. What is an ICO?
26. What are cryptocurrencies and crypto assets?
27. Why an ICO and not follow the normal Angel, VC, Series A-C, IPO growth track?
28. How do ICOs work from a technical standpoint?
29. How do regulators see ICOs?
30. Will ABELE be the first regulated ICO?
31. Why an uncapped token sale?
32. Is the ABELE Token a security or a utility token?
33. Does the ABELE Token represent equity in the ABELE Group or any of its subsidiaries?
34. Who can participate in your token sale?
35. How do we participate in your token sale?
36. Which financial services can be managed using its ABELE Blockchain based software?
37. What products and services will ABELE TECHNOLOGIES provide?
38. Your business plan is ambitious. Can you really pull this off?
39. Do you know how much it costs to build your products?
40. What Blockchain do you use?
41. Blockchain appears as a continuously evolving technology. How will ABELE's products stay current with new releases of Blockchain?
42. Is it possible to integrate Blockchain software to cloud based servers?
43. What is AI and how can it be developed and deployed within services and products?
44. To which extent are AI tools easy to manage, deploy and integrate with existing software and hardware?
45. Why do AI based hedge funds appear to be prone to more losses than other traditional funds? What is ABELE’s view on this?
46. What is the difference between systematic trading and AI based trading?
47. AI tools appear to be the most innovative products of statistics and computer science. But, how reliable are these tools in comparison to more traditional and heavily tested approaches?
In the United States, to be considered an accredited investor, one must have a net worth of at least $1,000,000, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year. The term "accredited investor" is defined in Rule 501 of Regulation D of the U.S. Securities and Exchange Commission (SEC) as – for example - a bank, insurance company, registered investment company, business development company, or small business investment company; a trust with assets in excess of $5 million. In Singapore, an Accredited Investor is defined in Section 4A(1)(a) of the Securities and Futures Act (SFA), Chapter 289. An Accredited Investor must have NET Personal assets exceeding SGD 2 million (or equivalent in foreign currency) or Income in preceding 12 months of not less than SGD 300,000 (or equivalent in foreign currency) or A corporation with net assets exceeding $10 million in value (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe, in place of the first amount, as determined by — (A)the most recent audited balance-sheet of the corporation; or (B)where the corporation is not required to prepare audited accounts regularly, a balance-sheet of the corporation certified by the corporation as giving a true and fair view of the state of affairs of the corporation as of the date of the balance-sheet, which date shall be within the preceding 12 months, or The trustee of such trust as the Authority may prescribe, when acting in that capacity or Such other person as the Authority may prescribe. We encourage you to consult the website of your local securities regulator on this topic.
Anti-money laundering (AML) consists of a set of procedures, laws and regulations designed to stop the practice of generating income through illegal actions. Money laundering means exchanging money or assets that were obtained criminally for money or other assets that are ‘clean’. The clean money or assets don’t have an obvious link with any criminal activity. Money laundering also includes money that’s used to fund terrorism, however it’s obtained.
Artificial intelligence (AI) is an area of computer science that is designed to create intelligent machines that work and react like humans. Artificial Intelligence (AI) is quite a divisive topic. Critics consider AI a danger. For some AI is nothing but a Golem 2.0 . “The development of full artificial intelligence could spell the end of the human race,” Hawking said. Similarly, Elon Musk has branded artificial intelligence “a fundamental existential risk for human civilization”. Others like Bill Gates see low intelligence AI as a positive labor replacement tool, writing that an AI revolution “should be positive if we manage it well.”
Coins are cryptographic assets that function, like traditional money, as a unit of measure, means of exchange and store of value.
Cryptography - from Greek κρυπτός kryptós, "hidden, secret"; and γράφειν graphein, "to write", or -λογία -logia, "study", respectively - is the practice and study of techniques for secure communication heavily based on mathematical theory and computer science practice.
Following Financial Times Lexicon definition, a dark pool “is the romantic – or sinister, depending on your viewpoint – name given to a network that allows traders to buy or sell large orders without running the risk that other traders will work out what is going on and put the price up, or down, to take advantage of the order”. The primary purpose of dark pools is to minimise market impact. For these reasons, dark pools have been popular for the execution of large block orders.
Distributed ledgers are asset database that can be shared across a network of multiple sites, geographies and institutions.
The term ICO was modeled on the abbreviation “IPO”, which stands for Initial Public Offering. In ICOs the offerings are in cryptocurrency, therefore the Initial Coin Offering definition. As such an ICO is a (regulated or an unregulated) form of capital raising by which funds are raised for a new venture. The first ICO was done in 2014 for Ethereum's 'ether' coin and raised approximately $18M.
Initial public offering (IPO) or stock market launch is a type of public offering in which shares of a company are sold to institutional investors and usually also retail (individual) investors. An IPO is underwritten by one or more investment banks, which also arrange for the shares to be listed on one or more stock exchange.
Know your customer ('KYC') is the process of a business identifying and verifying the identity of its clients.
Natural language processing (NLP) is an area of computer science and artificial intelligence concerned with the interactions between computers and human (natural) languages.
A perceptron is an artificial neuron – designed by an algorithm - used within machine learning and in particular by Neural Networks.
On March 25, 2015, the Securities and Exchange Commission adopted final rules to implement Section 401 of the Jumpstart Our Business Startups Act by expanding Regulation A into two tiers: • Tier 1, for securities offerings of up to $20 million in a 12-month period • Tier 2, for securities offerings of up to $50 million in a 12-month period Under the final rules, Tier 2 issuers are required to include audited financial statements in their offering documents and to file annual, semiannual, and current reports with the SEC on an ongoing basis.
Regulation D rule 506c
In the United States under the Securities Act of 1933, any offer to sell securities must either be registered with the United States Securities and Exchange Commission (SEC) or meet certain qualifications to exempt them from such registration. Regulation (or Reg D) contains the rules providing exemptions from the registration requirements, allowing some companies to offer and sell their securities without having to register the securities with the SEC. Rule 506(c) permits issuers to broadly solicit and generally advertise an offering, provided that: all purchasers in the offering are accredited investors; the issuer takes reasonable steps to verify purchasers’ accredited investor status.
A security is a tradable financial asset.
The best way to describe smart contracts is to compare the technology to a vending machine or robots. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized Blockchain network. Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism. They render transactions traceable, transparent, and irreversible.
Tokens are crypto assets issued for a variety of purposes: to function as currencies, to mark ownership of identity of digital or real world things, to secure access to services and platforms and many other uses, which the 3rd generation of Blockchain technology is making possible.
A Blockchain (“digital”, or “E”) wallet is a software program that allows users to manage digital assets like Bitcoin and Ether (i.e. the coin of Ethereum).