With us leaving the rocky times of October and its red candles behind us, I started -once again, to look out in the either, for new and exiting projects coming to the Crypto space.
One sleeping giant, Aubit, sprang out of stealth mode by launching their native token, Freeway Token (FWT) on the Trustswap launchpad before going live on Uniswap and Bithumb Global on the 2th of November this year.
What is Aubit? - the Vision -
Aubit is a groundbreaking new asset management platform built and designed for greater total returns on the top assets classes and investment products, using network effects. This enhanced asset management model is designed to grow users account asset volumes over time.
This is great news! While in classic asset management only the price of your asset varies and the volume stays the same, in Aubits network enhanced model, the volume of users assets also grow over time from ongoing trading and service revenue redistribution.
Aubit wants to become the bridge between the old world of finances and the upcoming possibilities of DeFi and the digital finance tools and thereby reducing operating costs dramatically. This allows the Aubit network the redistribution of 80% of product-related revenues and generating additional Aubit networked growth for its users. These network effects occur when increasing user adoption increases the value of the products and services on the platform which in turn causes exponential growth. This opens the door to big-tech-exponential growth similar to how Facebook and Google combined social connection and access to instant information with highly targeted advertising.
Where is it done? - the Freeway trading App -
Aubits Team is working with the speed of light on the Freeway trading app, the platform for Aubits mission. Chief Information Officer Robert Atkin and his team of developers have constructed the Freeway platforms trading engine and universal APY gateway to allow it to interact with other trading platforms. This will allow for traditional investment companies that create their financial products to eventually bring them directly onto the Aubit network.
The first five products announced this week will be Aubit products simulating network enhanced assets of:
-US-stocks
-US-bonds
-gold-bullion
-Bitcoin
-institutional lending programs
While construction is in full swing, the company has opened the waiting list for the alpha testing phase, before planning to go into a open beta in the first quarter of 2021. To then bring on more and more features as well as the main net in the following months To insure a fair entry for into the closed alpha Aubit will use a lottery system to choose 1000 members from the community on the waiting list.
Who is behind Aubit? - the team -
Leading the Team in this effort are the duo of Graham Doggart (Founder & Co-CEO) and Sadie Hutton (Founder & Co-CEO) supported by veterans like Joel Krueger (former Prudal and Aon executive) as Chief Investment Advisor and Robert Atkin (Multi-award winning designer) as Chief Information Officer and Peter Neilson (entrepreneur) as Founder and Director.
Formed in 2017 this team brings a wide range of knowledge and past work experience for some of the biggest tech and financial Companies like IBM, Google, Goldman Sachs and Credit Suisse to name a few. After a AMA this week with the Founder Team Graham & Sadie announced a video interview with Joel Krueger who managed a 75 billion APAC portfolio to give an further in dept look into the future of Aubit.
Who supports Aubit? - the Investors & community -
After a seed-sale in 2017, the initial launch of the Trustswap launchpad and the private pre-sale via their website in October, Aubits FWT saw a steep rise in holders and interest, within the first two weeks. Rising from around 250 initial holders at listing to around 1750 holding wallets at the moment of the writing this article. High interest was generated when the news of the Greenbank Portfolio Company announcing their investment of 3.2 Million $ in form of 400 Million locked FWT, spread through the financial sector like a wild fire.
This makes the Greenbank Portfolio Company the first institutional investor of Aubit. During an AMA this week Founder Graham Doggart hinted to other institutional investors being in early talks showing a first sign of generated interest, in one of the core target investor groups.
The Road to a new way of investing! - the road-map -
Looking at the road-map published on their Website, the project is moving faster than initially expected. With the preparation for the closed alpha being in its final steps.
For 2021 Aubit plans on launching an invite only beta followed by a public beta followed by the Main-net in the first quarter. Then Aiming to release Aubit-networked product 3rd party venue APY followed by a staking "proof-of-fidelity" Protocol for the FWT in the 3th quarter of 2021.
All the details of the complete road-map can be found here.
FWT the native Aubit token - the token metrics -
After the first seed sale in 2017 acquiring a cap of 500'000 the private pre-sale met its target hard-cap of 2'250'000 USDT with a total FWT supply of 10'000'000'000 and a initial circulation supply of just 530'000'000 FWT due to the long locking periods for these sales. With 15% of pre-sale acquisitions released on listing date, followed by 17% there after monthly.
This rather conservative locking strategy secured interest of longtime investors, which has shown to give Aubit a high quality community of interested private and institutional investors alike.
The FWT is tradable on exchanges like Uniswap and Bithumb Global. Also the token will be available to purchase directly in App for a minimum price of 0.005 USDT, or higher, if traded higher than that. This means the FW-Token can be brought in from external sources as well as being bought directly when using the Freeway App, to be able to profit from the discounts and more on trading and service costs of the platform. So securing the longtime value and utility of the Token and the platform.
All the details to the token Metrics can be found here.
According to Coingecko FWT is trading at around 230% of its launch price as of writing of this article with a Market Cap of 2.5 Million USD and a trading volume of 1 Million.
What is next for Aubit? - the News -
With the development of the trading app in full swing Aubit plans on moving on with it faster than initially laid out on the road-map.
At the same time their initial marketing campaign is ramping up with upcoming weekly AMA's on 3th party platforms as well as the official Aubit Telegram group. Aubit plans on releasing a video interview with its Chief Investment Advisor Jeol Krueger the coming days.
At the same time Aubit announced to bring out an in dept video for its staking feature as well as the possibility to use it pre main-net launch for its early adopters. With these news coming in and the hinted at early stage talks with institutional investors the team and community has much to look forward to in the following months.
Where can I get the FWT? - the Exchanges -
The Freeway token is trading at Bithumb Global as well as the DEX Uniswap officially at the moment with more listings being in talks. Once the App launches the native token will be available for purchase in app as well.
DISCLAIMER
I am not a financial advisor, this is not financial advice, before investing you should always do your own research and all investments have inherent risks.
Links
You can find the official Webiste here
All details to the FWT Token here
Join the Official Telegram group here
Official Twitter: https://twitter.com/aubitnetwork
For a more in dept view of the project I can recommend taking a look at the very detailed video by the talented youtuber CryptoByte here:
Thanks for taking the time to read my overview and I hope you enjoyed this short project overview!
