ABBC (ABBC) is an Ethereum-based non-inflationary ERC-20 coin with several DeFi uses. It makes use of the Protect, Reward, and Burn mechanisms, all of which are driven by an in-house patented modular algorithm that delivers efficient returns to maximize token holder value.
ABBC is a blockchain platform that facilitates secure financial transactions, assisting in the retail adoption of cryptocurrencies and making digital asset buying online a securer and more delightful experience for end-users.
The platform has three main products: a multi-platform wallet that can support Bitcoin (BTC) and Ethereum (ETH), as well as a diversity of other native cryptocurrencies and ERC-20 tokens; an e-shopping application that can be used to do shopping with cryptocurrencies at over 50 online retailers; and a cryptocurrency exchange platform with safe trading and reduced transaction fees.
What is ABBC Algorithm [ABBC]?
The ABBC Coin was established to allow holders to control the evolution of the ABBC platform by assigning potential right to vote power to selected block producers (BPs), who can then participate in governance proposals. These governance suggestions can include a wide variety of themes, including the formation of strategic alliances, the implementation of new features, and the expansion of ABBC’s services to new geographic areas. ABBC Coins were also designed as a reward system for online buyers, and they may be staked for periodical prizes.
Due to its energy-efficient decentralized proof-of-stake (DPoS) consensus method, ABBC is presently built on the EOSIO blockchain, which allows it to reach up to 5,000 transactions per second (TPS) while staying ecologically responsible.
ABBC Coin was once known as Alibabacoin, but after a dispute with Chinese multinational e-commerce company Alibaba, it changed its name to ABBC Coin in March 2019.
Who Is The Founder of ABBC[ABBC]?
Jason Daniel Paul Philip, the platform’s current CEO, and Hasan Abbas, the platform’s current CTO, co-founded ABBC currency.
Arben Kane is both the CEO and Co-founder of Kontur, a global supplier of SaaS-based critical event management solutions, as well as the global chief strategy officer for ABBC. ABBC Coin’s CSO is G.W Lee, while the ABBC foundation’s technology research and solutions are led by Zeeshan Javeed.
The blockchain development team at ABBC has 23 employees, while the marketing team has 15, the blockchain security team has four, and the financial department has three.
What Makes ABBC Unique?
The primary goal of ABBC is to use blockchain technology to promote rapid, effective, and safe online retail. According to their team, small to medium-sized marketplaces may considerably profit from ABBC Coin’s reduced payment processing expenses and access to extra worldwide markets.
ABBC began as a fork of Bitcoin (BTC), but in August 2019, it switched to the EOSIO network. The EOSIO software’s main advantage is that the amount of bandwidth accessible is unaffected by the token price, making it ideal for scaling platforms like ABBC Coin.
Furthermore, ABBC is working to achieve complete decentralization through community government. Holders of the ABBC Coin token, in addition to the present team, have voting power that may be delegated so that others can vote on their behalf. Block producers (BP) have the ability to vote on ABBC’s governance ideas, influencing the development and destiny of the cryptocurrency.
Where Can You Buy ABBC[ABBC]?
Since its first public offering in 2018, ABBC has been traded on a number of trading platforms, including BitMax, Bithumb, and Hotbit. Currently, ABBC Coin can only be traded against Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) – no fiat trading pairings are provided for ABBC Coin.
Frequently Asked Questions
Is it possible to purchase ABBC with cash?
No. ABBCis currently unavailable for purchase using fiat currencies on any of the supported exchanges. You may, however, buy Bitcoin with fiat currency and subsequently convert it to ABBC.
How secure is the ABBC Coin (ABBC) network?
ABBC Coin was split from Bitcoin at first but eventually moved to the EOSIO platform. As a result, it now secures its network with the EOSIO DPoS consensus method. This method validates transactions quicker and more effectively than the initial proof-of-work (POW) consensus algorithm, and it also has stake-weighted voting capabilities, allowing for ABBC Coin’s community-driven development and growth.
On what factors does the price of the ABBCDepend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact ABBC’s price and market cap.
ABBC Official website – https://abbccoin.com/
ABBC Twitter – https://twitter.com/abbcfoundation