A SWOT Analysis Framework On Azbit Platform

I welcome all my subscriber to my wonderful page, I would be carrying out a Swot Analysis on the Azbit platform. The goal of this SWOT Analysis is to critically analyze the Azbit platform and be able to determine the business internal and external factors, that could help the business succeed. Swot analysis is an internationally recognized business model to evaluate a business. Cryptocurrencies are becoming a well-established investment path, so to carry out a Swot analysis would provide an insight to an investor who wants to invest in the project. The Swot analysis comprises of internal and external factor that may affect a business process positively or negatively. The Internal factor comprises of the Business strength and weakness, while the external factors comprise of opportunity and threat.

Strength Of The Azbit Platform

The cryptocurrency space is heavily driven by its community. A projects success relies on so many factor, a strong community that are passionate about the project would also help promote the project and as a multi-currency exchange it need people to trade on the platform. The Azbit is made of strong community member with very like mind pursuing same goal for crypto mainstream adoption.

The Team behind the Azbit platform are sophisticated with relevant experience in their respective field. The project is also joined by crypto top influencer Roger Var as an advisor, and record has it that all the project he has adviced have achieved their hard cap.

Live MVP

We have seen a lot of project who set out to raise fund just with a whitepaper idea, projects like this are bound to fail. The Azbit platform already have an live MVP. The complete Azbit trading platform is scheduled to be released in January 2019. This already show signs of a committed team and work in progress for a project that offer a lot to the cryptocurrency space.

Good Exchange Are Hot In Demand

Exchanges are a marketplace where cryptocurrency buying and selling takes place. There are many exchanges that comes to the space to create even more problem for crypto users. The Azbit platform is built with the need to serve anyone interested in cryptocurrency both as an investor or a trader, and to both crypto experts and newbies. The exchange offers a variety of features that would attract a lot of crypto and non-crypto users to use their copy trading and share trading investment platform.

Weakness

As a technology that is evolving, blockchain is very much at it infancy and a lot of idea still springs up on a daily basis. The mainstream adoption is one of the weak spot in crypto project currently. The Azbit platform proposes to foster mainstream adoption. Also, the current state of the market is also affecting the fundraising goal of the project. However, I optimistic the Azbit would achieve a considerable amount before the ICO sales ends.

Opportunity

Exchanges are disposed with a lot of opportunity daily, the biggest exchange have a total trading volume of about $1billion and a total daily trading volume of about $18billion. There is a huge space yet to be explored enough as people get interested in the technology more and more opportunity would be available for trade and more inflow of fund. The exchange trade a total of 2077 cryptocurrencies and dozens new project still flood to the market on a daily basis. The opportunity available to exchange are enormous.

Threats

As more and more project flood to the market, so many exchanges are also formed and over time the space would become saturated. The competing power would then rely on what service does an exchange offers to foster its use. Too many competitions in the exchange market.

Visit their official website, join their social media communities and consult the official documents for more information about the project.

Official Contacts

Website: https://azbit.com

Telegram: https://t.me/azbit_com

Twitter: https://twitter.com/azbit_news

Whitepaper: https://cdn.azbit.com/docs/en/whitepaper.pdf

Facebook: https://www.facebook.com/azbit.news/

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This article is not a financial advice. Investing in ICO may be extremely risky, always remember to do your own research and consult financial and legal advisors before investing in ICOs.