Awax is building the global financial system of the future, empowering anyone to exchange, move and manage their digital and fiat money with complete flexibility, groundbreaking transaction times and significantly lower fees than today's alternatives.
How AWAX exchange works
AWAX uses PoA (Proof of Asset) Tokens and a digital trust fund to broker exchanges between cryptocurrency, fiat currency and real-world assets without lengthy settlement times, expencive transaction cost, and geographical restrictions.
Fiat currency and real-world assets on AWAX each have their denomination and PoA utility token, making them far easier to trade than traditional methods. Every PoA utility token is cryptographically secured. visible to everyone on the blockchain, and backed by real assets stored in a decentralized digital wallet.
Digital Trust Fund
Your fiat currency and real-world assets are securely in our digital trust fund, linked to your PoA utility token. These trust funds connot be claimed by AWAX or anyone lese, and all underlying assets are protected by strict trust fund laws.
Solving today's investment challenges
AWAX provides an easy way for investors to diversify their portfolios, by purchasing real-world assets.
AWAX reduces risk exposure from days to less than a minute, using automated smart contracts to achieve near-instant transaction times.
Seizure & Theft
All assets are traded directly between the buyer and seller's hard wallets, removing the risk of loss due to attack or injunction against AWAX Exchange.
Smart contracts enable traders to bypass middlemen and clearing houses,significantly reducing the cost of trading real world assets.
AWAX accounts are global, enabling investors to avoid geographical trading restrictions, including the need for a local bank.
All AWAX trades are legally accepted, integrated with real-world financial infrastructure, and fully enforceable in a court of law.
Crypto Basket Funds
AWAX verifies the manager of every fund, carries out cryptographic audits, and signs legally binding contracts on yourbehalf.
Smart contracts are used to hold investor funds in escrow, and instantly releases them to the broker-dealer once assets have been transferred.
The world needs a new financial system
Today's global financial system was not designed to move trillions of dollars for billions of people every day. As a result, consumers and business experience slow transactions, fees and poor compatibility between currencies. Token Supply Awax will buy back tokens; & burn tokens used to fund transition to maintain liquidity and minimise dilation.
We see the blockchain as the solution and are on a mission to build the latest and best global blockchain-based banking and exchange platform, capable of delivering near-instant transactions, seamless commerce between fiat, digital and real-world assets. All this delivered at lower fees, and with greater security and confidentiality thantraditional alternatives.
AWAX will solve the growing and inescapable problem today
Instantly exchange cryptocurrency for fiat currency and real-world assets backed by cryptographically secured PoA Tokens.
The Evident Problem
Despite the finance industry's resistance to change, blockchain- based solutions are set to replace many processes we use today in financial transactions. Our current global finance systems rely on outdated processes - many of which still rely on paper - and was never designed for today's personal and business financial management.
The AWAX Solution
Levering the Ethereum blockchain, self executing smart contracts and unique automation technology, AWAX provides a new, highly scalable global financial solution. Users will have a single global account for their digital and fiat money and complete freedom to buy, sell, move and exchange any type of asset anywhere in the world without restriction. All this at near-instant transaction speed and at significantly reduced fees to traditional systems.
Some of the Awax Benefits
Financial transaction are processed in seconds.
Exchange and banking fees are significantly reduced.
AWAX is decentralised and protected from bad players
AWAX connects crypto, fiat and real-world assets.
Users are able to transact directly from hard wallets.
Significantly greater capacity than a regular ETH application
AWAX Utility Tokens
AWAX utility tokens will only be released in exchange for Ethereum and Bitcoin during the contribution period which runs from October until early 2019. This is to protect the investor and AWAX as the token will remain inside the project.
Whilst AWAX is already partially funded, a soft cap of $15 million will be required in order to deliver a functioning platform and exchange. If this is not achieved, all investments will be returned.
Our hard cap of $120 million will fund the acquisition of existing banking and exchange services which will expedite our mission of building a fully functioning multi-asset financial system.
Access Utility Token
Broker- dealers and fund managers will use Access Utility Tokens to list their real-world assets and funds on the AWAX exchange; and pay AWAX fees when assets are sold, after which the Access Token is burned.
Proof of Asset (PoA) Utility Token
PoA utility tokens represent real-world assets in the form of securities. Users receive a PoA utility token in return for every fiat currency, real-world asset of fund in which they invest. This represents a legally enforceable claim to the underlying assets